What’s driving the Silanes Market Trends? | Top key players 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.

Growth drivers
1. Rapidly growing construction industry in the Middle East and Asia Pacific
2. Shifting focus from conventional energy sources to solar energy in Asia-Pacific
3. Strong growth in electronics industry in North America

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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.

According to a report compiled to predict the dominating trend for global construction by 2030, it was noted that U.S., China and India would be the leading countries that world impart a major boost to the global construction industry. It is anticipated that by 2030 the global construction output will grow almost by 85% and generate almost $15.5 trillion in terms of revenue with the three leading countries accounting for 57% of the total growth. The U.S. construction market is expected to expand faster than the China construction market with an annual growth rate of 5% and the former will overtake the latter within the next 15 years.

Silanes market size for organofunctional silane is projected to witness gains of more than 7.5% in the coming years. Organofunctional silane are compounds with Si-C bond and are mainly used as coupling agents to promote the adhesion of organic matrices to inorganic substrates. These products find extensive applications in the form of adhesives, sealants, fillers, pigments, sol-gel system, foundry resin, silicones, etc. for various end-user industries including paints & coatings, construction, electronics, automotive, packaging, plastics, rubber, etc. For instance, product form permanent chemical bonds and therefore work as a molecular bridge between inorganic and organic elements which not only improve but create new functionalities. Therefore, it is used in kaolin, clay, talc, mica, or quartz which are widely used as fillers in the thermoplastic or rubber composite industry. These trends will augment product demand which will help generate higher gains to the silanes market size by 2024.

Based on application, the silanes market size for adhesives & sealants contributed close to 15% of the overall industry share in 2017. Product is extensively used in adhesives & sealants to improve the adhesiveness of the end-product. Sealants serve dual purpose which includes preventing the passage of water, air and chemical through a zone where applied and as an adhesion to the surface. Silane can form durable bonds in metal, glass, ceramic and other surfaces. Therefore, these types of sealants are used in a range of industries including aerospace, automotive, construction, etc. Furthermore, product also finds application in foundry & foundry resin in achieving the necessary strength at relatively low content of binder.

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North America silanes 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 region has world’s largest solar installations, which will be a major contributor to solar energy generation and henceforth in driving product demand, which will have positive impact on the silanes market size by 2024.

The major silanes 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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