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

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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗰𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 :-
https://www.factmr.com/connectus/sample?flag=S&rep_id=1563

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀:

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.

𝗦𝗶𝗹𝘆𝗹 𝗠𝗼𝗱𝗶𝗳𝗶𝗲𝗱 𝗣𝗼𝗹𝘆𝗺𝗲𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

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

𝗕𝘆 𝗧𝘆𝗽𝗲 :

Silane-terminated polyether (SPE)

Silane-terminated polyurethane (SPUR)

𝗕𝘆 𝗘𝗻𝗱-𝗨𝘀𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 :

Building & Construction

Automotive & Transportation

Industrial

Others

𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻 :

North America

Latin America

Europe

East Asia

Southeast Asia & Oceania

MEA

𝗥𝗲𝗰𝗲𝗻𝘁 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀 :

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.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀

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)

𝗧𝗼𝗽 𝗧𝗵𝗿𝗲𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗳𝗼𝗿 𝗡𝗲𝗮𝗿𝗹𝘆 𝟯/𝟰𝘁𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗼𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘃𝗲𝗻𝘂𝗲

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.

𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 :

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.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=1563

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This release was published on openPR.