Silanes Market to hit $3.9bn by 2024 | Evonik, The Dow Chemical Company, Air Liquide, Gelest, TCI - Tokyo Chemical Industry

With a major surge witnessed in the construction industry, the global silanes market is also expected to witness significant growth trends as silane finds wide application in the construction industry for its favorable adhesion and noise insulation properties. Apart from its use in construction, silane also acts as a good medium for improving performance of paints and coating by imparting crosslinking abilities for coatings to adhere to a wide variety of substrates.

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Such properties are desirable not only in the construction industry but also in automotive, paints and coatings, packaging etc. which has provided silanes industry with a wide expansion scope. Moreover, silanes are used as a precursor to elemental silicon which in turn has found widespread application in the electronics industry as the chief element in semiconductors. The myriad applications of silane in industries that are rapidly expanding have helped propel the silanes market, which is expected to surpass $3.9 billion by 2024 in terms of valuation.

Speaking of energy conservation and increasing energy efficiency in buildings, various government initiatives have been launched that ensure that builders adhere to the strict rules of constructing buildings that are help in the conservation of energy and bringing down the carbon footprint of buildings. For instance, the Indian Ministry of Power recently launched the ECO Niwas Samhita that is essentially a code for energy conservation in construction of residential buildings. The move has been undertaken keeping in mind the significantly expanding building sector and the fact that in the coming 10 to 15 years, residential buildings will create the highest demand for energy. With the code being implemented with an intension of saving up to 125 billion units of electricity per annum by 2030, it is imperative that materials like silane will be used extensively to achieve such energy efficient construction ends, clearly adding a major boost to the silanes industry.

Silanes market size for fillers & pigments is projected to witness gains close to 7.5% from 2018 to 2024. The product creates permanent chemical bonds and function as a molecular conduit between organic and inorganic substrates which help in improving and developing new functionalities. Therefore, it is used in kaolin, clay, talc, mica, or quartz which are extensively applicable as fillers in rubber or thermoplastic industry. Furthermore, it is used in the preparation of pigments for surface modification. For instance, inorganic pigments like TiO2, iron oxide, ATH (aluminum trihydrate) and others are rendered hydrophobic using alkyl silanes. These parameters will result in boosting the silanes market size by 2024.

Silane also finds application in the manufacturing of solar cells and considering the booming solar energy industry in North America and Europe, it is anticipated that the silane market will register major growth trends through the deployment of increased solar power application in the two regions. Notably, the global solar photovoltaic capacity, which was 5 GW in 2005, has increased to 306.5 GW in 2016 with Germany alone having installed 41.3 GW of solar PV. In 2016, the solar PV market in the U.S. has been estimated to have worth $4.7 billion with solar technologies being heavily funded and the Solar Investment Tax Credit adding to the incentives of investing in solar power expansion.

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Company market share analysis, 2017
FIG. 11. PESTEL analysis
FIG. 12. SWOT analysis, Evonik Industries AG
FIG. 13. SWOT analysis, ONICHEM
FIG. 14. SWOT analysis, Dow Corning
FIG. 15. SWOT analysis, Nanjing Union Silicon Chemical Co., Ltd
FIG. 16. SWOT analysis, Momentive Performance Materials Holdings Inc.
FIG. 17. SWOT analysis, Nanjing Shuguang Chemical Group Co., Ltd.
FIG. 18. SWOT analysis, Gantrade Corporation
FIG. 19. SWOT analysis, Qufu Chenguang Chemical Co. Ltd.
FIG. 20. SWOT analysis, Air Liquide
FIG. 21. SWOT analysis, Gelest Inc.
FIG. 22. SWOT analysis, Shin-Etsu Chemical Co., Ltd.
FIG. 23. SWOT analysis, Silar
FIG. 24. SWOT analysis, Shandong Wanda Organosilicon New Material Co., Ltd
FIG. 25. SWOT analysis, Chengdu Taiyu Industrial Gases Co., Ltd
FIG. 26. SWOT analysis, Tokyo Chemical Industry Co., Ltd.

Europe silanes market size was valued more than 25% of the total silanes market share in 2017. It is majorly attributed to strong product demand from automotive industry, restructuring & remodeling construction activities, in the form of fillers, pigments, paints, coatings, adhesives, sealants, etc. In paints & coatings, product is used to improve the adhesion to coated surfaces and bridge the interface between unlike substrates.

North America silane market size was valued close to USD 500 million in 2017. It is mainly due to strong electronics industry growth which is due to strong R&D initiatives by the key players as product is widely used as a key component of semiconductors, circuit boards, electronic chips, photovoltaic cells, etc. Product is highly preferred in the production of solar cells for the solar energy power generation mainly in the U.S., as the country has technical expertise, environmental conditions, and technology.

The major silane market share companies are Dow Corning, Evonik Industries, ONICHEM, Tokyo Chemical Industry, Air Liquide, Momentive Performance Materials and Gantrade Corporation. Few of these market players are making substantial investment to boost the overall production to capture the regional market share. For example, Momentive Performance Materials has recently opened a new NXT silane production plant in the Leverkusen Chempark, with an objective to double the silane production in Europe.

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