Silanes Market Overview
Silanes Market is projected to be worth USD 4,050.2 Million by 2030, registering a CAGR of 4.6% during the forecast period (2022 - 2030). Silanes are chemical compounds made up of one or more silicon atoms that have been bonded together. Silicone metal and methanol are the primary raw materials utilised in the production of silanes. Silanes are widely employed as adhesion promoters, coupling agents, and crosslinking agents in a variety of industries. Silanes give diverse substrates features including tear resistance, durability, and flexibility, making them ideal for usage in rubber and plastics, paints and coatings, adhesives and sealants, and fibre treatment. The rising demand in the construction sector and the rising demand in the automobile industry are driving the expansion of the Silanes Market. Water-based coatings also use silanes extensively.
During the projection period, the Silanes Market is predicted to create significant revenue because to the expanding population in Asia-Pacific, as well as increased housing and infrastructure construction. Furthermore, the increasing use of silanes in the automotive rubber industry is likely to add to the market's growth. During the review period, the mono/chloro silane type sector is expected to develop at the fastest rate.
Silanes Market, by Application, 2017 (%):
Source: MRFR Analysis
The Silanes Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific is estimated to be the largest and fastest-growing during the forecast period. According to Market Research Future analysis, the market in Asia-Pacific was valued at over USD 550 million in 2017 and is projected to register a CAGR of 6.14%. Rising government spending on the development of infrastructure in the region and increasing automobile production are the major factors attributing to the growth of the Silanes Market in Asia-Pacific. The North American silanes market was the second-largest in 2017 and is expected to maintain its position during the forecast period. The presence of major automobile manufacturers has augmented the demand for automotive rubber, where silanes are widely used. The market in the Middle East & Africa is also likely to exhibit steady growth owing to the growing construction industry in the region.
The Silanes Market has been segmented on the basis of Type, Application, and Region.
By Type, the Silanes Market has been categorized as mono/chloro silane, amino silane, alkyl silane, sulfur silane, vinyl silane, epoxy silane, methacryluxy silane, and others.
Based on Application, the Silanes Market has been segmented into paints and coatings, adhesives and sealants, rubber and plastic, fiber treatment, and others.
On the basis of Region, the Silanes Market is divided into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
Some of the manufacturers operating in the Silanes Market are Gelest, Inc. (US), Schill+Seilacher "Struktol" GmbH (Germany), PCC SE (Germany), Shin-Etsu Chemical Co., Ltd (Japan), Momentive Performance Materials Inc. (US), CHT Group (Germany), DowDupont (US), Evonik Industries AG (Germany), Wacker Chemie AG (Germany), and SiVance, LLC (US).
|Market Size||2030 : Significant Value|
|CAGR||2030 : Substantial CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Gelest, Inc. (US), Schill+Seilacher "Struktol" GmbH (Germany), PCC SE (Germany), Shin-Etsu Chemical Co., Ltd (Japan), Momentive Performance Materials Inc. (US), CHT Group (Germany), DowDupont (US), Evonik Industries AG (Germany), Wacker Chemie AG (Germany), and SiVance, LLC (US)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||increasing use in the construction industry and the rising demand in the automotive industry|
The market valuation was USD 1500 million.
The silanes market has an opportunity to scale 4.5% CAGR during the forecast period of 2018 to 2023.
The fastest-growing type-segment is mono/chloro silane type.
The construction industry would inspire maximum growth.
Asia Pacific is both largest and fastest-growing region.