The global silane market was valued at USD 1,669.6 million in 2018 and is expected to grow at a CAGR of 4.8% during the forecast period. The product offers several advantages to its users such as exceptional water repellence, UV stability, long term durability, high dilution capability and stability and neutral appearance. Silanes are rapidly being utilized as a promoter of adhesion that helps in improving temperature, chemical resistance and moisture.
According to a recent report, it has been studied that the growing environmental responsiveness in developed economies such as North America and Europe has stimulated the use of water-based coatings due to certain benefits observed from the product as it is toxic free. The demand for this product is strengthening due to increasing expenditure on developmental activities in BRIC countries.
The increasing emphasis upon fuel efficiency, enhanced regulatory compliances, rapid demand for water-based coating formulations and mounting automotive and building & construction industries are the major factors driving the growth of silane market globally. However, the increasing demand for environment-friendly resources is expected to further hinder the growth of global silane market during the forecast period.
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Mono/Chloro silane segment is estimated to witness highest CAGR during the forecast period. These silanes are expansively being used in integrated circuits, electrical & electronics, flat panel displays and photovoltaic. Based on type, silane market is segmented into two types’ functional silanes and mono/chloro silanes. The functional silanes are further sub-segmented into sulfur silanes, vinyl silanes, amino silanes, epoxy silanes, alkyl silanes, methacryloxy silanes and others.
Among all the applications, paints and coatings was the largest application area in the global silane market in 2018 and due to its widespread use in various industries such as automobiles, buildings, electronics, and machinery.
Asia-Pacific contributed largest revenue due to increasing application of silane in construction and automotive industries in the region. The extensive demand in various sectors such as plastics, rubbers and paints & coatings are further expected to drive the growth of silane in the near future. Asia-Pacific is expected to dominate this market till 2024. Moreover, North America was the second-largest consumer of silane, IN THE global market. It has been observed that the demand for fuel-efficient cars in this region is further bolstering the demand for silanes-based tires in the automotive sector.
Key players operating in the global silane market include Evonik Industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Jingzhou Jianghan Fine Chemical Co. Ltd., Wacker Chemie AG, Nanjing Union Silicon Chemical Co., Ltd, DowDuPont Inc., NEOCHEMA GmbH, SiSiB SILICONES, Hubei Wuda Organic Silicon New Material Co. Ltd., Momentive Performance Materials Holdings Inc., Gantrade Corporation, Qufu Chenguang Chemical Co. Ltd., and Tokyo Chemical Industry Co., Ltd.
Global Silane Market Coverage
Application Insight and Forecast 2014 - 2024
Type Insight and Forecast 2014 - 2024
Silane Market by Region
Middle East and Africa