Silane Market Leading Players Updates and Industry Analysis Report till 2027
Silane Industry Overview
The global silane market size was valued at USD 1.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027.
The global market is driven by increasing product demand from rapidly developing end-use sectors. Rising demand for paint & coating products from the growing construction sector, which uses silane-based coatings is projected to drive the demand over the forecast period. New construction project outcomes in the Asia Pacific coupled with increasing infrastructural renovation activities in North America and Western Europe have led to a surge in demand for various industrial coatings, adhesives, plastic components, and more. Furthermore, growing demand for automobiles in the Middle East and South America regions has led to a surge in demand for various light-weight, durable plastic components, and tires, which requires a significant amount of silane products for continued production operations.
Gather more insights about the market drivers, restrains and growth of the Global Silane Market
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.
In addition, with the advancements in technology and growing urbanization, the requirement for electronic gadgets & devices is rapidly rising. Silane is widely utilized in the electronics segment in lithography & processing auxiliaries and as an insulating layer in the components of semiconductors. These factors are projected to increase the consumption of silane in the global electronics & semiconductors application segment over the coming years.
Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.
- Dyes & Pigments Market: The global dyes & pigments market size was valued at USD 36.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030.
- Flat Glass Coatings Market: The global flat glass coatings market size was valued at USD 1.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.4% from 2022 to 2030.
Market Share Insights
- March 2015:Evonik expanded the production facilities of specialty silicone in China and Germany with a view to serving various end-use industries, such as construction, coating, furniture, and textile. Through this facility, the company will be benefited in terms of the silanes market in end-use industries in both European and Asia-Pacific markets.
Key Companies profiled:
Some of the prominent players in the silane market include:
- Gelest, Inc.
- Shin-Etsu Chemical Co. Ltd.
- Nitrochemie Aschau GmbH
- Silar (Entegris)
- Dow Corning
- Evonik Industries
- Wacker Chemie AG
- Power Chemical Corp.
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