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Silane Market Global Analysis, Industry Growth, Trends, Upcoming Players and Share Forecast to 2023
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Paints and coatings dominated the silane market in 2017, with more than 30.0% volume share. Silane is widely used as a raw material in the production of anti-corrosion coatings. These coatings are used in buildings, automobiles, industrial machinery, and electronics. Hence, the growing usage of paints and coatings in these industries is expected to boost the silane market growth in the coming years.
On the basis of product, amino silane held the largest volume share, accounting for more than 25.0%, in the silane market in 2017. The chemical is used as a coupling agent, an adhesion promoter, a resin additive, and a surface modifier. It is considered a stable compound and also helps in improving the chemical bonding of resins in reinforcing materials and inorganic fillers.
Globally, APAC held the largest share in the silane market during the historical period, contributing more than 50.0% share in terms of volume in 2017. The market in the region is expected to grow at a significant rate in the coming years, on account of the presence of fast-growing economies such as China, India, and Japan, which are generating high demand for the chemical for the manufacturing of paints and coatings, and rubber and plastics.
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Some of the major players operating in the global silane market are Gelest Inc., Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, Wacker Chemie AG, Jingzhou Jianghan Fine Chemical Co. Ltd., Nanjing Shuguang Chemical Group Co. Ltd., NEOCHEMA GmbH, DowDuPont Inc., Hubei Wuda Organic Silicon New Material Co. Ltd., and SiSiB SILICONES.
GLOBAL SILANE MARKET SEGMENTATION
By Product
Alkyl
Sulfur
Amino
Vinyl
Epoxy
Methacrylate
Mono/Chloro
By Application
Paints and Coatings
Rubber and Plastics
Adhesives and Sealants
Fiber Treatment
Others (Including Electrical and Energy Products)
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