Press release
Silanes Market Expansion, Future Growth Rate, Industry Insights, Top Trends And Forecast To 2033
Silanes Market Overview
As per the report, the silanes market size has grown strongly in recent years. It will grow from $2.58 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The silanes market size is expected to see strong growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Propelling Silane Market Growth With Automotive Sector
The growing demand from the automotive sector is expected to propel the growth of the silane market going forward. 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. Further, over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. And Chinese automakers had 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, growing demand from the automotive sector is driving the growth of the silane market.
Rising Popularity Of Product Innovations In Silanes Market
Product innovations are a key trend gaining popularity in the silanes market. 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. SMPs are methoxy silane-end-capped polymers that cure by simply absorbing moisture from the air. A cross-linking net structure created by hydrolytic polycondensation ensures that SMPs age well and are resistant to UV rays and high temperatures of 110-120°C.
The silanes market covered in this report is segmented -
1) By Product: Alkyl Silane, Sulfur Silane, Amino Silane, Vinyl Silane, Epoxy Silane, Methacrylate Silane, Mono Or Chloro Silane, Other Products
2) By Function: Coupling Agents, Adhesion Promoters, Hydrophobing And Dispersing Agents, Moisture Scavengers, Silicate Stabilizers
3) 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
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Major companies operating in the silanes market report 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., Sika AG, Huntsman Corporation, Wacker Chemie AG, The Chemours Company, Elkem ASA , Silar (Entegris), OCI Company Ltd., JSR Corporation, Momentive Performance Materials Inc., Hexion, AlzChem Group, BRB International (PETRONAS Chemical Group), Nitrochemie Aschau GmbH, Gelest Inc., Alfa Aesar, 3V Sigma, SiVance LLC, United Chemical, Genesee Polymers Corp., Qufu Chenguang Chemical Co. Ltd., Dalian Onichem Co. Ltd.
Contents of the report:
1. Executive Summary
2. Silanes Market Report Structure
3. Silanes Market Trends And Strategies
4. Silanes Market - Macro Economic Scenario
5. Silanes Market Size And Growth
…..
27. Silanes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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