Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Silane-Modified Polymers Market.
Silane-modified polymers is also referred to as MS polymers. These polymers showcase a vast number of positive properties like exceptional durability level, improved resistance power to water and thermal, low thickness level, high chemical inertness, high thermal stability, and superior adhesiveness. It finds its application across various end-user sectors, including automotive, building & construction, and the general industry. Silane-modified polymers have an exceptional resistance to UV radiation as well. The growing usage of polyurethane for various applications has accelerated the use of these polymers. Its high chemical inertness makes it stand out over acrylics- and polyurethane-based adhesives and sealant. The latest report published by Market Research Future (MRFR) states that the global Silane-modified Polymers market is projected to experience a 6.95% CAGR during the forecast period of 2018 to 2023. The report further reveals that the market is anticipated to reach a valuation of USD 775.4 million by 2023, i.e. the end of the forecast period.
The market is primarily driven by the burgeoning demand from the construction sector for hybrid adhesives and sealants. The excellent hardness levels of these formulations can be of huge significance for woodworking and lamination of surfaces, thereby further widening the potential market growth of silane-modified polymers in the forthcoming years. The rising level of disposable income coupled with the growing awareness concerning the harmful effects of isocyanates-based products is pushing the growth of the market. There has been an influx of environmental policies stating the need for isocyanate-free adhesives, thereby creating a massive growth opportunity for the market.
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The market segmentation of the global silane-modified polymers market can be divided on the basis of type and application.
By type, the market segments into polyether modified silane and polyurethane modified silane. The latter is expected to be the dominant segment out of the two during the forecast period.
By applications, the market includes automotive, industrial assembly, building and construction, transportation, and others. The building and construction industry is projected to be the major player in terms of application, followed by automotive and transportation.
Regionally, the global Silane-modified Polymers market is divided into the following regions Latin America, North America Europe, Asia Pacific (APAC), and the Middle East & Africa.
Because of the booming construction sector in the APAC region, the market is expected to garner huge revenue during the forecast period. Additionally, other drivers of the region are the increasing population percentage and eventual migration to the cities. The high disposable income levels as well as the development of green buildings are also likely to contribute to the growth of the market in this region till the end of the forecast period, 2023.
Both Europe and North America are anticipated to attain significant revenues to their name due to the state-of-the-art units and surging demand popularity from the construction, automotive, and marine applications. Additionally, stringent regulations imposed by the federal groups and adherence to the same are likely to bolster the market growth of silane-modified polymers in these regions.
Key players involved in the global Silane-modified Polymers market include Sika AG (Switzerland), KGaA (Germany), Henkel AG & Co., Huntsman International LLC (U.S.), DowDuPont (U.S.), Tonsan Adhesive, Inc. (China), Wacker Chemie AG (Germany), MAPEI SpA (Italy), Evonik Industries AG (Germany), Bostik (U.S.), and 3M (U.S.).
October 2018 - Kaneka, a Japanese technology-based chemical company, announced the collaboration with VITO to create bio-based and superior quality polymers. The collaboration highlights the availability of sufficient knowledge and expertise for commercial players in Flanders to make a resounding difference to the industry.