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Global Silane Market to Grow at a CAGR of 4% During 2022-2027, Aided by the Growing Demand for Various Silane-Based Products in the Construction Industry

According to a new report by EMR titled, ‘Global Silane Market Report and Forecast 2022-2027’, the global silane industry stood at a value of around USD 1.06 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4%.

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:

  • The market is segmented on the basis of product type into alkyl silane, sulphur silane, amino silane, vinyl silane, epoxy silane, methacrylate silane, and mono/chloro silane, among others.
  • The different applications in the silane market include paints and coatings, adhesives and sealants, rubbers and plastics, fiber treatment, electronics and semiconductors, among others.
  • Region-wise, the global market for silane can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for silane is driven by the rising application of the product in the semiconductor industry.
  • The thriving construction industry, which is likely to generate a significant demand for adhesives, pigments, and sealants, among others, is anticipated to bolster the market growth in the forecast period.
  • The rising demand for paints and coatings in the do-it-yourself sector is likely to augment the market growth.
  • The market will further be aided by the mergers and acquisitions, along with the growing investments in the R&D activities by the major market players.

Key Offerings of the Report:

  • The EMR report gives an overview of the global silane industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the product types, applications, and regions of silane.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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