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Silyl Modified Polymers Market is Expected to Grow at 4% CAGR by 2029

10-19-2023 08:50 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Silyl Modified Polymers Market is Expected to Grow at 4% CAGR

The availability of sustainable bonding solutions for various substrate materials will increase the demand for silyl-modified polymers (SMPs) in the design of complex industrial and consumer goods. In addition, the reduction of noise and vibration damping in the transportation sector and mechanical engineering work increases the uptake of silyl-modified polymers. Driven by their cost-effectiveness and the synergy they offer between silane and polymer materials, the global silyl modified polymers market is expected to grow at a CAGR of ~4% during the assessment period (2019 - 2029).

Demand for silyl-modified polymers is expected to increase in the automotive and transportation industries as manufacturers switch to plastics, composites and non-ferrous materials for the production of lighter and more fuel efficient vehicles.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฎ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฐ๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ :-
https://www.factmr.com/connectus/sample?flag=S&rep_id=1563

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐˜†๐—ป๐—ฎ๐—บ๐—ถ๐—ฐ๐˜€:

The global SMP market has been expanding steadily, driven by their extensive use in construction, automotive, and adhesives industries. Silyl modified polymers are known for their strong adhesion properties and resistance to various environmental conditions, making them a preferred choice for sealants, adhesives, and coatings. Moreover, the growing emphasis on sustainable and eco-friendly solutions has led to an increased adoption of SMPs. Their low VOC content and reduced environmental impact have positioned them as an environmentally responsible alternative to conventional polymers. As a result, the SMP market is projected to maintain healthy growth rates in the coming years.

๐—ฆ๐—ถ๐—น๐˜†๐—น ๐— ๐—ผ๐—ฑ๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ ๐—ฃ๐—ผ๐—น๐˜†๐—บ๐—ฒ๐—ฟ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜: ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป

Fact.MR has segmented the silyl modified polymers market on the basis of type, end-use industry and region.

๐—•๐˜† ๐—ง๐˜†๐—ฝ๐—ฒ :

Silane-terminated polyether (SPE)

Silane-terminated polyurethane (SPUR)

๐—•๐˜† ๐—˜๐—ป๐—ฑ-๐—จ๐˜€๐—ฒ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† :

Building & Construction

Automotive & Transportation

Industrial

Others

๐—•๐˜† ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป :

North America

Latin America

Europe

East Asia

Southeast Asia & Oceania

MEA

๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ก๐—ฒ๐˜„๐˜€ :

Eco-Friendly Innovations: Several manufacturers have introduced bio-based silyl modified polymers, aligning with the global shift toward sustainable products. These bio-based SMPs, derived from renewable resources, have garnered attention for their reduced carbon footprint, and they are expected to make a significant impact on the market.

Strong Demand in Construction: The construction industry has been a primary driver of the SMP market. The durable and weather-resistant properties of these polymers make them ideal for sealing and bonding applications in construction. Recent news reports have highlighted the continued growth in the use of SMPs in construction, particularly in the context of green building projects.

Advancements in Automotive Sector: The automotive industry has also witnessed a surge in SMP adoption. As car manufacturers strive to reduce vehicle weight and improve fuel efficiency, SMPs offer lightweight, high-strength bonding solutions. Recent developments have seen SMPs being used in electric vehicle (EV) battery assembly, another indicator of the market's growth.

Regulatory Landscape: Industry news reports on regulatory developments are important in the SMP market. As governments worldwide tighten emissions and safety regulations, the demand for eco-friendly and compliant SMPs has increased. Companies are investing in research and development to create formulations that meet these stringent standards.

Global Expansion: Many key players in the SMP market are actively pursuing global expansion strategies. Whether it's through acquisitions, partnerships, or new production facilities, this expansion is indicative of the sector's potential for further growth.

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ๐˜€

North America (USA, Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, Korea, ASEAN Countries, Rest of APEJ)

๐—ง๐—ผ๐—ฝ ๐—ง๐—ต๐—ฟ๐—ฒ๐—ฒ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—”๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ก๐—ฒ๐—ฎ๐—ฟ๐—น๐˜† ๐Ÿฏ/๐Ÿฐ๐˜๐—ต ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ง๐—ผ๐˜๐—ฎ๐—น ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ

The global silyl modified polymers market is oligopolistic in nature, in which Kaneka Corporation, Risun Polymer International Co., Ltd. and PCC Group, are the tier 1 players in the market. The silyl modified polymers industry has witnessed several new product launches, which remains to be the widely adopted growth strategy.

For instance :

In January 2017, Wacker Chemie AG unveiled two new silane-terminated polymers named as ENIOSIL XM 20 and GENIOSIL XM 25 at the European Coatings Show 2017.

In April 2017, Evonik launched a new range of silyl modified polymers named TEGOPAC Bond 160, TEGOPAC Bond 170, TEGOPAC RD 1, and TEGOPAC RD. This new range of SM polymers will offer good UV stability making the important component of many roof sealants along with excellent elastic recovery properties and high elasticity for many more applications.

๐—ฆ๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต :

Sustainability is a pivotal factor driving the silyl modified polymers market. As the world grapples with environmental challenges and the need to reduce carbon emissions, the demand for sustainable materials has surged. SMPs have emerged as a viable solution due to their low environmental impact. These polymers often contain fewer volatile organic compounds (VOCs) and emit lower levels of harmful chemicals during curing, contributing to a healthier and safer environment.

In addition to their low environmental footprint, SMPs' versatile properties are conducive to a wide range of applications that support sustainability initiatives. They are employed in the production of high-performance, long-lasting sealants and adhesives used in the construction and automotive sectors, which can extend the lifespan of structures and vehicles. This durability minimizes the need for frequent repairs and replacements, reducing resource consumption and waste.

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=1563

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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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