Silane Market – Analysis and Forecast To 2024, DowDuPont Inc., NEOCHEMA GmbH, SiSiB SILICONES

The global silane market was valued at USD 1,669.6 million in 2018 and is expected to grow at a CAGR of 4.8% during the forecast period. Silanes are originated from a silicion-based compound that comprises of approximately four inorganic or organic substituent clusters, which is attached with an essential silicon atom. The product offers several advantages to its users such as exceptional water repellence, UV stability, long term durability, high dilution capability and stability and neutral appearance. Silanes are rapidly being utilized as a promoter of adhesion that helps in improving temperature, chemical resistance and moisture.

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Insight by Application

On the basis of application, silane market is segmented into rubber & plastics, adhesives & sealants, fiber treatment, paint & coatings, and others. Among all the applications, paints and coatings were the largest application area in the global silane market in 2018 and due to its widespread use in various industries such as automobiles, buildings, electronics, and machinery.

Geographic Overview

Moreover, North America was the second-largest consumer of silane in the global market. Furthermore, increasing inclination of customer towards waterborne coatings has driven the demand for the product in several countries such as the U.S. and Canada. It has been observed that the demand for fuel-efficient cars in this region is further bolstering the demand for silanes-based tires in the automotive sector.

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Competitive Insight

The key industries players are adopting integrated operations across manufacturing components and raw materials of the value chain, due to their increasing interference in the manufacturing of silicone. Key players operating in the global silane market are Evonik Industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Jingzhou Jianghan Fine Chemical Co. Ltd., Wacker Chemie AG, Nanjing Union Silicon Chemical Co., Ltd, DowDuPont Inc., NEOCHEMA GmbH, SiSiB SILICONES, Hubei Wuda Organic Silicon New Material Co. Ltd., Momentive Performance Materials Holdings Inc., Gantrade Corporation, Qufu Chenguang Chemical Co. Ltd., and Tokyo Chemical Industry Co., Ltd.

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