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Tuesday, March 22, 2022

Global Silane Market to be Driven by Increasing demand for Paints and Coatings in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Silane Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global silane market, assessing the market based on its segments like source, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 1.06 billion
  • Forecast CAGR (2022-2027): 4%
  • Forecast Market Size (2027): USD 1.3 billion

The increased demand for electronics and coatings is propelling the silane sector forward. Rapid urbanisation in emerging nations such as India and China, as well as rising demand for silicane-silica reinforced green tyres in the automotive industry, are projected to boost the market over the forecast period. The need for highly efficient, solvent-free, and UV-cured coatings has increased, resulting in more silane being used in the formulation of solvent-free coatings. The paints and coatings application segment is likely to benefit from these factors. Furthermore, the demand for electronic gadgets and equipment is fast expanding as a result of technical breakthroughs and increased urbanisation. Silane is a common lithography and processing auxiliary material in the electronics industry, as well as an insulating layer in semiconductor components. In the future years, these factors are likely to increase silane consumption in the worldwide electronics and semiconductors application area.

Major Segments in the Market

Silane is defined as a silicon-containing compound that has strong reducing properties and is spontaneously flammable in air. The compound contains hydrogen and silicon and has a boiling point of -112 degrees Celsius and a molecular weight of 32.1 g/mol.

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On the basis of source, the market can be segmented into:

  • Shark Liver
  • Vegetable
  • Biosynthetic

On the basis of its application, the market can be segmented into:

  • Cosmetics
  • Food
  • Pharmaceuticals
  • Others

The regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The silane market is being driven by the rising demand for paints and coatings as well as adhesives and sealants in the construction industry. The resurgence of construction activity in developing countries is expected to boost the global silane industry. The growing use of organofunctional silanes in the thermoplastic composites industry is expected to help the market even more. Furthermore, rising consumer demand for electronics and communication devices, which is increasing demand for semiconductors and electronic chips, is expected to boost silane industry growth during the forecast period.

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Key Market Players

The major players in the market are Evonik Industries, Shin-Etsu Chemical Co.,Ltd., Gelest, Inc., Dow Inc., Nitrochemie Aschau GmbH, Wacker Chemie AG, Others.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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