Press release
Silanes Market Competitive Market Share & Forecast – 2016 To 2024.
Though having some excellent properties, there are still challenges to silanes market growth in the global market especially in paints and coatings industry, because of its inability to withstand static pressure. Moreover, slow growth in European economy and rising demand for paper packaging materials may act as a restraint to global product market growth.
The prime factors that are driving the growth of product market are the increasing focus on fuel efficiency and regulation compliance, exponentially growing automobile sales, rising demand for green tire and road safety from consumers. Adhesives and sealants industry is also coming up with new innovations in additives and raw material processing which is only going to influence the global product market positively.
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The major end users of silane are rubber & plastic, adhesives & sealants, fiber treatment, paints & coatings and others (pharmaceuticals, chemical processing and personal care). Anti-corrosion properties of silane make it an excellent material for protective coating in wide range of applications such as microbiological corrosion protection, making highly weatherable automotive parts and erosion/corrosion protection coatings.
Its usefulness in automotive, aircrafts and construction industry depends upon forming durable bond to ceramic, glass and other surfaces to withstand heat, water, humidity and pressure. In 2015, rubber and plastics was the largest application segment of silanes backed by the growth of automotive and consumer goods industries. The big giants in rubber industry like Michelin, Bridgestone, Yokohama, Goodyear and many others are constantly exploring the tire range by investing in the research and development wing.
As per the type of silanes, the global product market can be divided into mono/chloro silanes and organo-functional silanes. Mono/chloro silanes are generally used in photovoltaics, integrated circuits, electrical & electronics and flat panel displays. Mono/chloro silanes are also used for blending of silanes and siloxanes and as a protecting agent in pharmaceutical syntheses. Silane is extensively used to improve adhesion in adhesives and sealants to inorganic substrates such as glass, metal and stone. The growing electrical & electronics and flat panel display market and growing focus on solar energy as alternative source in developing nations.
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Asia Pacific is expected to be leading the global silanes market. The prominent product market in Asia Pacific are China, India, South Korea, Malaysia and Thailand among others. Due to industrial production scaled up tremendously in the last couple of years, China is expected to lead the global silanes market.
The automotive sales are expected to increase the demand for silanes in glass fiber composites, rubber and plastics and paints & coatings industries for the coming couple of years. In India and China, the growing population is a factor in increasing the customer base as it creates new opportunities for silane in healthcare, pharmaceutical and personal care industries. The silanes market is going to benefit from the above factors in the coming years in this region. Asia Pacific is followed by North America and Europe as second and third largest market for silane market.
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Some of the global key players in the silane production industry are Onichem, Silicones Europe, Dow Corning, Fujian Norcy New Material, OCI Materials, Dynasylan, USI Chemicals, Evonik Industries, Momentive Performance Materials Holding Company LLC, Nanjing Shuguang Chemical Group Company Limited and others.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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