PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270332
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270332
Silanes Market size was valued at USD 1,600.3 Million in 2022, expanding at a CAGR of 3.8% from 2023 to 2030.
Silane is a chemical compound that comprises silicon and hydrogen atoms, and is known for its colorless, flammable gas with a strong odor. Its chemical formula is SiH4. Silane is extensively used in the production of different types of silicon-based materials, including silicones, silicone rubber, and silica, which find widespread applications in industries like automotive, construction, healthcare, and electronics. In the construction industry, silane is widely utilized as a water-repellent agent in concrete and masonry materials. It also serves as a bonding agent in adhesives and sealants and as a surface modifier in coatings and paints, making it a versatile compound for various applications.
Silanes Market- Market Dynamics
The global market is being propelled by the ever-increasing demand for products from rapidly developing end-use sectors. The construction industry, in particular, is experiencing a surge in demand for silane-based coatings, which has been attributed to the rising demand for paint and coating products. This trend is expected to continue throughout the forecast period. The Asia Pacific region is seeing an increase in new construction projects, while North America and Western Europe are experiencing a rise in infrastructural renovation activities. As a result, there is a heightened demand for various industrial coatings, adhesives, plastic components, and other related products. Moreover, the Middle East and South America regions are witnessing a growing demand for automobiles, which has led to an increased need for lightweight, durable plastic components and tires. This, in turn, has resulted in a significant surge in demand for silane products to sustain production operations.
The electronics industry heavily relies on silane gas, which is widely used in the production of semiconductors. With the growing demand for electronic gadgets and devices across the world, the electronics industry is expected to remain a significant contributor to the market. Moreover, the increasing awareness about environmental sustainability has led to a rise in demand for highly efficient, solvent-free, and UV-cured coatings. As a result, there is an increased use of silane in the formulation of solvent-free coatings, which is driving the growth of the paints and coatings application segment.
Furthermore, the advancements in technology and the rapid urbanization of various regions have resulted in a growing requirement for electronic gadgets and devices. Silane is extensively used in the electronics industry for lithography and processing auxiliaries, as well as for creating insulating layers in semiconductor components. These factors are expected to fuel the consumption of silane in the global electronics and semiconductors application segment in the coming years.
The Global Silanes Market is segmented on the basis of Product Type, Application and Region.
In 2022, the mono/chloro silane product type dominated the market in terms of volume, accounting for over 36% of the market share. This type of silane is primarily used in the production of siloxanes and is also utilized as intermediates in the production of ultrapure silicon, which is a critical component in the semiconductor industry. Additionally, mono/chloro silanes serve as protecting agents for intermediates in the pharmaceutical industry. Furthermore, mono/chloro silanes find extensive use as coatings for glass surfaces and silicon, as well as in the production of silicon polymers.
The paints and coatings application segment held the largest market share in terms of volume, accounting for 28.70% of the market share in 2022. This is due to the high demand for various silane products from various coatings applications, including emulsion paints, automotive, aircraft, marine, interior and exterior decorative coatings. Moreover, the rising demand for cargo and defense aircraft, particularly from developing countries in North America and Europe, is expected to fuel the growth of this segment over the next few years.
Silanes Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In 2022, the Asia Pacific region dominated the market, accounting for 53.1% of the global volume. The expanding manufacturing sector in countries such as Vietnam, South Korea, Thailand, China, Japan, and India has fueled the demand for plastic compounds and rubber substrates in various industries, including automotive, industrial machinery, construction, packaging, and electrical & electronics. The automotive production in India and China has witnessed a surge in recent years, owing to the technology transfer from Western regions. The well-established manufacturing base for electrical & electronics in Taiwan, China, and South Korea is also expected to provide further impetus to the automotive sector in the region.
In North America, the growing automotive and construction sectors are driving the market. The residential construction sector has witnessed significant development in countries such as Canada and Mexico over the last five years. To meet the growing demand for adhesives and sealants from the regional construction market, there has been a sizeable increase in the number of large-scale manufacturing plants producing adhesives compared to other geographies, which mostly have subsidiary units.
The European market exhibits a substantially high demand for adhesives and sealants from various applications, such as construction, automobile, medical, engineering, and electronics sectors.
The worldwide market is highly concentrated, with numerous multinational companies having an extensive product range and international presence. Additionally, a few small and medium-sized enterprises across Asia Pacific and Central America are innovating new products to cater to the native markets. Manufacturers provide various products that can be utilized as adhesion promoters, coupling agents, crosslinkers, and surface modifiers, among others, for bonding applications. Major players are continually developing new products to broaden their application scope. Furthermore, they are investing heavily in research and development as well as expanding their production capacities to maintain their market position.
The market is also witnessing several mergers and acquisitions, which is further intensifying the competition. The companies are acquiring smaller players to expand their product portfolios and gain access to new markets. For instance, in 2018, Evonik Industries AG acquired the Silica business of J.M. Huber Corporation to expand its position in the global silica market.
This proposed research study on Silanes Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Silanes Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Silanes Market
Impact of COVID-19 on Silanes Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Silanes Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Silanes Market, we have also included competitive landscape and key innovator analysis for the Silanes Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Silanes Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Silanes Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL SILANES MARKET KEY PLAYERS
Evonik Industries AG
Momentive Performance Materials Inc.
Wacker Chemie AG
Dow Corning Corporation (a subsidiary of The Dow Chemical Company)
Shin-Etsu Chemical Co. Ltd.
Gelest Inc.
China National Bluestar (Group) Co. Ltd. (a subsidiary of ChemChina)
JSR Corporation
Hexpol AB
Elkem ASA
PCC SE
Nanjing Union Silicon Chemical Co., Ltd.
Air Liquide S.A.
OCI Company Ltd.
Tokuyama Corporation
GLOBAL SILANES MARKET, BY PRODUCT TYPE
Alkyl Silane
Sulfur Silane
Amino Silane
Vinyl Silane
Epoxy Silane
Methacrylate Silane
Mono/Chloro Silane
Others
GLOBAL SILANES MARKET, BY APPLICATION
Paints & Coatings
Adhesives & Sealants
Rubber & Plastics
Fiber Treatment
Electronics & Semiconductor
Others
GLOBAL SILANES MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA