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The silane market is driven by the growing demand for adhesives, paints, coatings, sealants, and pigments, among others from the construction industry. The developing countries have witnessed a significant growth in the remodelling and restructuring of industrial structures, healthcare structures, and public administrative buildings. This has been propelling the demand for silanes. The market, in the forecast period, is anticipated to be aided by the rising application of silanes in the fiberglass and mineral wool, sol-gel system, silicones, and foundry resin, among others.
In terms of region, the Asia Pacific is likely to account for a significant share in the market owing to the growing efforts by the major automotive market players towards increasing the fuel efficiency. The product innovation, rising investments in the R&D activities, and merger and acquisitions by the major players of the market in India, China, Japan, and South Korea is likely to provide impetus to the market in the forecast period.
In October 2021, Evonik industries AG (ETR: EVK) and Brenntag SE (ETR: BNR) strengthened their partnership to expand the distribution of Dynasylan silane products to 16 additional countries. With this partnership, Brenntag SE will distribute the silane products in Poland, Czech Republic, Slovenia, Slovakia, Hungary, Serbia, Romania, Bulgaria, Croatia, Macedonia, Bosnia and Herzegovina, Kosovo, Albania, Estonia, Latvia, and Lithuania.
Market Breakup by Product Types, Applications, and Region:
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The major players in the global silane market are Evonik industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Dow Inc., Nitrochemie Aschau GmbH, and Wacker Chemie AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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