Europe Silanes Market growth will be driven by increasing strong applications in automotive and coatings industry | Top key players Evonik, The Dow Chemical Company, Air Liquide, Gelest, TCI - Tokyo Chemical Industry

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. These trends are projected to help attain significant gains to the global silanes market size by 2024.

Strong growth parameters in electronics industry in North America is mainly due to consistent R&D development by the key market players along with excellent technical expertise and ample resources. For instance, U.S. semiconductor production was valued more than USD 17 billion in 2017, which is 47% of the overall semiconductor production in 2017. This is mainly attributed to the rapidly evolving technology in the region, which will have positive impact on the product demand, owing to its application in silicones production which is consequently used in producing semiconductors. Additionally, silanes are also used in manufacturing several other electronic parts such as photovoltaic cells, electronic chips, circuit boards, LED's, etc. This growing popularity could increase product demand and consequently make a noteworthy contribution towards increasing the silanes revenue growth by 2024.

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Product is widely used in polymer industry in the form of fillers to impart strength, flexibility, and ability to resist external influences. Nevertheless, declining trends in polymer packaging material, owing to its hazardous environmental impact has shifted focus to paper based or bio-based packaging materials, which is likely to impede the growth aspects for silanes market by 2024.

Based on the type, silanes market share for organofunctional silanes constituted close to 60% of the global business size in 2017. These compounds have Silicon-carbon bond and is preferable to improve adhesive properties of organic and inorganic substrate in a matrix. They are primarily used across several end-user industries such as rubber, plastic, automotive, electronics, construction, energy, etc. Products are used in the preparation of fillers & pigments, paints & coatings, sol-gel system, adhesives, sealants across the aforementioned industries, which will help attain promising gains to the overall silanes market size by 2024. For instance, product is used in the production of sol-gel which is used in the production of fibers, microspheres, fine powders, thin films and monoliths. Main areas of application include protective coatings, catalysts, piezoelectric devices, wave-guides, lenses, high-strength ceramics, superconductors, synthesis of nanoparticles and insulating materials.

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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.

Some of the prominent silanes market players are Momentive Performance Materials, Dow Corning, Tokyo Chemical, ONICHEM, Evonik Industries, Gantrade Corporation and Air Liquide. Most of the market share contributors are engaged in forming strategic alliances to expand its business presence in the market. For instance, Air Liquide acquired a U.S. based company Airgas in 2016. This move was intended to expand company's market in the U.S. in industrial gases.

Silane Market by Application
o Fiber glass & mineral wool
o Paints & coatings
o Polyolefin compounds
o Adhesives & sealants
o Sol-gel system
o Fillers & pigments
o Foundry & foundry resin
o Silicones

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