Silane Market is forecast to reach $2.1 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Anticorrosion properties of silanes make it an outstanding material for protective coating purposes in a wide variety of applications such as erosion / corrosion resistance coatings, microbiological corrosion safety, rendering automotive paints extremely weather-capable and many more. In addition, silanes are used as coupling agents to improve rolling resistance and compression for manufacturing tires in the automobile industry. Also, increasing demand for paints and coatings due to rapidly expanding construction sector across the globe will create new opportunities for the growth of the global silane industry in the forecast era.
Report Coverage
The: “Silane Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the silane market.
By Type: Mono/Chloro Silanes and Functional Silanes.
By Application: Rubber & Plastic, Fiber Treatment, Adhesives & Sealants, Paint & Coatings, Polyolefin Compounds, Sol-gel system, Fillers & Pigments, and others.
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Key Takeaways
- The tire industry concentrates on improving fuel efficient solutions and reducing CO2 emissions. Hence the rising demand for green tires that are fuel-efficient makes silanes the fastest-growing application segment in rubber & plastics.
- Furthermore, silanes are widely used in paints & coatings to improve adhesion to coated surfaces and bridge the interface between dissimilar materials will drive the market for Silane in the forecast period.
- Due to COVID-19 palindrome, some of the construction operations are disrupted as the non-availability of migrant labor is interrupting certain construction activities, owing to which the demand for shotcrete concrete market is anticipated to decline in the forecast period.
Silane Market Segment Analysis - By Type
Mono/Chloro Silanes is highly preferred in the Silane Market. Mono/Chlorosilanes are chemical compounds prepared by reacting silicon powder and methyl chloride (CH3CI) gas through direct synthesis. The methyl mono/chloro silanes produced (trimethyl, dimethyl and methyl chlorosilane) are the building blocks for various silicone substances. Mono/Chlorosilanes undergo hydrolysis and polycondensation to give the basic silicone products such as oils, gums, and resins. In the manufacturing of silicone (polysiloxane) polymers and as silicone and glass coatings, mono-chloro silanes are commonly used. Thus, owing to these properties the demand for mono/chloro silanes will raise which is further anticipated to boost the market in the forecast period.
Silane Market Segment Analysis - By Application
Rubber & Plastic held the largest share in the Silane Market in 2019 and is projected to grow at a CAGR of 4.9% during the forecast period 2020-2025.Silane is used mainly as a release agent in different formulations of rubber and plastic materials. It can be used for precise casting as well. These releasing agents not only encourage mold release but also clean, clear and smooth the surface of rubber and plastic products. The special features of silanes are used to enhance plastics and rubber industries' performance and processes. Through use of plastics, fiber-reinforced plastics/composites and reinforced tire silanes will meet the fuel requirements set by the federal agencies of the United States and the EU. Hence, the consumption of silanes in plastics, rubber, and fiber treatment is expected to increase significantly over the forecast period. Also, owing to the increasing demand for green tire and increasing consumption of plastics in order to reduce the overall weight of the automobile and to achieve the fuel efficiency standards set by various governments, globally will further drive the silane market.
Silane Market Segment Analysis - Geography
Asia-Pacific held the largest share with 35.6% in Silane Market in 2019. During the projected period, the region's market will be able to expand significantly because of the anticipated growing demand for silane-containing construction goods. It is mainly attributed to the region's rapid industrialization and urbanization, which has sparked demand for the commodity due to its wide-ranging applications such as adhesives, sealants, fillers, paints & coatings and many more. According to the International Trade Administration, in China, the construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Due to the COVID-19 palindrome paints & coatings companies, including those under the public sector are considering to scale down the production. Owing to nationwide shutdown, ongoing construction in various places has been paused and the silane industry hence forth is being impacted in the Asia-Pacific region.
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