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Silanes Global Market Trends, Opportunities And Forecasts 2023-2032
Silanes Market Report
The Business Research Company's Silanes Global Market Report 2023 identifies The growing demand from the automotive sector as the major driver for the Silanes market's growth in the forecast period. The automotive sector is the industry that involves the design, production, marketing, and sale of motor vehicles, including passenger cars, commercial vehicles, and motorcycles. In the automotive industry, silanes are used as coupling agents in tire manufacturing, improving tire performance and durability. They enhance adhesion in automotive coatings, sealants, and adhesives, improving protection and structural integrity. For instance, in March 2022, according to a report published by the European Automobile Manufacturers Association (ACEA), a Belgium-based lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021.
The global silanes market is expected to grow from $2.39 billion in 2022 to $2.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The silanes market is expected to reach $3.33 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Silanes market are BASF SE, INEOS Group Limited, Dow Corning Corporation, Merck KGaA, Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, PPG Industries Inc., Air Products and Chemicals Inc.
A key trend in the Silanes market includes Product innovations. Major companies operating in the silanes market are focused on innovating new products and solutions to sustain their position in the market. For instance, in August 2021, Bostik, a France-based manufacturer and distributor of adhesives and sealants, launched the series of glue able chip resistor adhesive and sealant solutions, a line-up of silane-modified sealant products (SMPs). The new GCR series is a collection of general bonding and sealing goods for use in the rail and non-rail markets for different types of general transportation. The silane-modified sealant products (SMP) of the GCR series provide a variety of unique features and advantages.
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The Silanes market is segmented -
•By Product: Alkyl Silane, Sulfur Silane, Amino Silane, Vinyl Silane, Epoxy Silane, Methacrylate Silane, Mono Or Chloro Silane, Other Products
•By Function: Coupling Agents, Adhesion Promoters, Hydrophobing And Dispersing Agents, Moisture Scavengers, Silicate Stabilizers
•By Application: Fiberglass And Mineral Wool, Paints And Coatings, Polyolefin Compounds, Adhesives And Sealants, Sol-Gel System, Fillers And Pigments, Foundry And Foundry Resin, Silicones
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Silanes market.
The Business Research Company's "Global Silanes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Silanes Market Include:
. Executive Summary
2. Silanes Market Characteristics
3. Silanes Market Trends And Strategies
4. Silanes Market - Macro Economic Scenario
5. Global Silanes Market Size and Growth
..............
32. Global Silanes Market Competitive Benchmarking
33. Global Silanes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Silanes Market
35. Silanes Market Future Outlook and Potential Analysis
36. Appendix
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