Silane Market Likely To Touch At .4 Billion By 2027: Grand View Research Inc.Posted by Mrudula Anil Karmarkar on February 1st, 2021 The global silane market size is expected to reach USD 1.4 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. High demand for silane as an adhesion promoter in the adhesives & sealants segment and as a coupling agent in paints & coatings segment is driving the market globally. The extensive use of the product in various types of paints and coatings used in the building & construction industry has led to a rise in its demand. Companies, such as Shin-Etsu Chemical Co., Ltd., Dow Corning, Momentive Performance Materials Inc., Power Chemicals Corporation, and Wacker Chemie AG, are among the top manufacturers of silane for paints & coatings industry. The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor. Silane is used as an adhesion promoter in the coatings industry and is also used as a crosslinking agent, as well as in pigment treatment. It improves the UV resistance, adhesion, water & chemical resistance, flow behavior, and pigment & filler dispersion of coatings. Silane coupling agents enable the paint to display an enhanced performance. Synthetic elastomers and other coatings face adhesion issues after being exposed to water and moisture. Using silane as an adhesion promoter can eliminate these problems. The growth of the automotive industry on account of the technological advancements and the rising requirement for silane-based rubber products for tire manufacturing is expected to fuel the market demand globally. Silane is used as a coupling agent between non-black pigments and the polymer backbone in rubber compounding. It allows the rubber to exhibit improved rolling & abrasion resistance, higher compound modulus, and enhanced compression, leading to its usage in tires in the automotive industry. Silane Market Report Highlights
The automotive industry has been a crucial part of the global economies for many years on account of the presence of multiple international automobile manufacturers across the world. Key multinational automakers including Volkswagen Group, Daimler, Subaru, Hyundai, KIA, Honda Motor Company, Nissan Motor Company, Mitsubishi, Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, and General Motors have been structuring automotive industry on a global scale. The growth of these end-use sectors is anticipated to boost the demand for silane over the forecast period. The global demand for silane is observed to be growing due to high product requirements from paints & coating formulators, followed by adhesive & sealant manufacturers. Asia Pacific is the fastest-growing market due to increasing penetration of paint & coating and adhesives & sealant formulators across countries, such as China, Japan, South Korea, India, Thailand, and Malaysia. Factors, such as the construction of green buildings, residential complex expansions, and rising renovation activities, have resulted in increased demand for adhesives used in the construction sector in the region. Furthermore, the product is a key component in the electronics industry, wherein silane gas is widely utilized in semiconductors, which are eventually an integral component in the electronics industry. The growing requirement for electronic gadgets and devices across the globe is projected to remain a major contributing factor to the market. Rising environmental awareness has fueled the demand for highly efficient, solvent-free, and UV-cured coatings, thereby increasing the use of silane in the formulation of solvent-free coatings. These factors are projected to drive the paints & coatings application segment. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/4697/ibb The global market is concentrated with multiple companies that have an international presence. These multinationals have an extensive product portfolio. The industry also has a few small- & medium-scale enterprises across the Asia Pacific and Central America regions who are innovating new products to cater to the native markets. Manufacturers provide various types of products that can be used as coupling agents, crosslinkers, adhesion promoters, and surface modifiers as well as in bonding applications. Major players are developing newer products that could broaden the application scope. They are also heavily investing in research & development and expansion of their production capacities to sustain the market. Some of the prominent players in the silane market include:
Grand View Research has segmented the global silane market on the basis of product, application,: Silane Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Silane Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |