Global Silanes Market Report and Forecast 2023-2028

Global Silanes Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global silanes market reached a value of USD 1.98 billion in 2022. Aided by the escalating demand for high-performance materials and the broadening applications of silanes across diverse industries, the market is projected to further grow at a CAGR of 5.31% between 2023 and 2028 to reach a value of USD 2.72 billion by 2028.

Silanes are versatile silicon-based compounds commonly utilised as coupling agents in multiple industries, including automotive, construction, and electronics. These chemicals play a crucial role in improving the mechanical and thermal properties of materials, increasing their resistance to environmental degradation and heat. Apart from these enhancing attributes, silanes also display outstanding adhesive properties, making them a precious ingredient in the production of adhesives, sealants, and coatings.

The swelling consumer preference for durable and high-performance materials is the primary driver of the global silanes market growth. As consumers grow more aware of the benefits associated with the use of enhanced materials, a significant shift towards the adoption of silane-modified products has been observed. This transition has led to a surge in demand for silanes, given their role in upgrading the performance of various materials.

Moreover, the emerging trend of miniaturisation in electronics has further fuelled the popularity of silanes. Silanes are extensively employed in the electronics industry for their ability to augment the insulating and heat-resistance properties of electronic components. Their adhesive properties are particularly beneficial in the production of semiconductor devices, enhancing the overall device performance and lifespan.

The widening applications of silanes across numerous industries also significantly contribute to the silanes market demand. In the automotive sector, silanes are used as adhesion promoters in tyres and as corrosion inhibitors in coatings. The construction industry utilises silanes for their water-repelling and strengthening properties, critical in the production of high-performance cement and concrete. In the field of cosmetics, silanes are leveraged for their ability to improve the stability and spreadability of products.

In addition, the burgeoning demand for high-performance coatings in various industries has stimulated a higher focus on silanes as a vital ingredient. With the rising need for durable, weather-resistant, and anti-corrosive coatings in sectors like automotive, construction, and marine, silanes have emerged as a pivotal component in the formulation of such high-performance coatings. This shift has substantially spurred the silanes market expansion.

Furthermore, the growing emphasis on energy efficiency and sustainability has propelled the utilisation of silanes in the production of solar panels and energy-saving appliances. Silanes enhance the efficiency and durability of these devices, playing a crucial role in advancing the global sustainability agenda. The expanding green energy sector thus provides fertile ground for the silanes market development.

Market Segmentation

The market can be divided based on type, application, end-use, and region.

Market Breakup by Type

• Functional Silanes
• Mono/ Chloro Silanes

Market Breakup by Application

• Rubber and Plastics
• Paints and Coatings
• Adhesives and Sealants
• Fibre Treatment
• Electronics and Semiconductor
• Others

Market breakup by End-Use

• Building and Construction
• Oil and Gas
• Electrical and Electronics
• Automotive and Aerospace
• Medical and Pharmaceuticals
• Chemical
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global silanes companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Evonik Industries AG
• Shin-Etsu Chemical Co., Ltd
• Momentive Performance Materials Inc
• Wacker Chemie AG
• Gelest, Inc
• Entegris, Inc
• BRB International B.V.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.