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The global silane market size was valued at USD 1.1 billion in 2019 and is expected to reach USD 1.4 billion by 2027, expanding at a CAGR of 4.0% over the forecast period.
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.
Based on the Application Insights, the market is segmented into paints & coatings, adhesives & sealants, rubber & plastics, fiber treatment, electronics & semiconductor and others
Based on the Product Insights, the market is segmented into alkyl silane, sulfur silane, amino silane, vinyl silane, epoxy silane, methacrylate silane, mono/chloro silane and others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa
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.
Some of the prominent players in the silane market include:
Order a free sample PDF of the Silane Market Intelligence Study, published by Grand View Research.
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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