Press release
Silanes Industry to Achieve $3.81 Billion Growth by 2029
Silanes
How Will the Silanes Market Grow by 2025 in Terms of Size and Growth?
In the past few years, the silanes market has experienced robust growth. The market size is projected to expand from $2.75 billion in 2024 to $2.9 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%. This growth during the historical period can be credited to several factors including the expanding construction industry, heightened demand for electronic gadgets, increasing awareness towards energy-efficient structures, growth in healthcare, and governmental regulation favoring eco-friendly products.
What Are the Estimated Growth Rates for the Silanes Industry Through 2029?
Looking forward, the silanes market is anticipated to experience robust growth, predicted to reach $3.81 billion in 2029, increasing at a compound annual growth rate (CAGR) of 7.1%. The projected growth for this period is likely due to factors such as the surging demand for electric vehicles, the expansion of the solar energy sector, and the booming electronics industry. The increasing usage of adhesives and sealants, alongside a shift towards sustainable agriculture practices, also contribute to this growth. During the forecast period, primary trends expected include, advances in silane production technology, the creation of innovative silane-based coatings, the growing use of silanes for water treatment, the rise in silane-based adhesive popularity, and an upsurge of interest in functionalized silanes.
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What Are the Strategic Drivers Boosting Silanes Market Performance?
The increase in demand from the automotive industry is anticipated to drive the silane market's growth. The automotive sector encompasses the conceptualisation, creation, promotion, and selling of motor vehicles, including passenger cars, commercial vehicles, and motorcycles. Silanes are utilised in the automotive industry as coupling agents in tyre production, enhancing the tyre's overall performance and longevity. They also improve adhesion in automotive coatings, sealants, and adhesives, thereby enhancing protection and structural integrity. For example, the European Commission, a Belgium-based government administration, reported in July 2024 that the quantity of battery-only electric passenger cars had grown by 49% from the end of 2022 to the end of 2023, nearing a total of 4.5 million vehicles. As a result, the rising demand from the automotive sector is fuelling the growth of the silane market.
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What Are the Segments in the Silanes Market?
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
Subsegments:
1) By Alkyl Silane: Propyl Silane, Octyl Silane, Other Alkyl Silanes
2) By Sulfur Silane: Mercaptosilanes, Thiosilanes
3) By Amino Silane: Aminopropyl Silane, Aminoethyl Silane
4) By Vinyl Silane: Vinyltriethoxysilane, Vinyltris(2-methoxyethoxy)silane
5) By Epoxy Silane: Epoxy-Functional Silanes, Silane Coupling Agents
6) By Methacrylate Silane: Methacryloxypropyl Silane, Other Methacrylate Silanes
7) By Mono Or Chloro Silane: Monosilanes, Chloro-Functional Silanes
8) By Other Products: Silane Blends, Specialty Silanes
What Are the Key Adoption Trends in the Silanes Market?
Major firms in the silane market are prioritizing innovative product creation, such as the silane coupling agent, to improve the lifespan and performance of materials in diverse sectors, such as construction, automotive, and electronics. Silane coupling agents are chemicals that augment the bonding between organic substances like polymers and inorganic substances like glass or metals, hence enhancing the performance and longevity of composite materials. An illustration of this occured in August 2023 when Hubei BlueSky New Material INC., located in China and specializing in chemical manufacture, introduced BOSIL-531 ETHYL TRI METHOXY SILANE. BOSIL-531, also known as Ethyl Tri Methoxy Silane or ETMS, is a specific silane coupling agent that elevates adhesion and robustness in coatings, adhesives, and composite materials, rendering it indispensable for a variety of industrial applications.
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Which Companies Lead the Competitive Landscape of the Silanes Industry?
Major companies operating in the silanes market include 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.
Where Are the Key Silanes Market Opportunities by Region?
Asia-Pacific was the largest region in the silanes market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the silanes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
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