[166 Pages Report] The Silanes Market is expected to grow from USD 1.83 billion by 2021 at a CAGR of 5.7% between 2016 and 2021. Silanes offer silanes offer various advantages in both primary and secondary rubber and plastics markets. The tire industry is focusing on developing fuel-efficient technologies and lowering CO2 emissions. Green tires are fuel-efficient and are preferred by the automotive industry. The growing demand for these tires makes rubber & plastics the fastest-growing application segment of silanes. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
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Rubber & plastics was the largest application segment of silanes in 2015, backed by the growth of the automotive and consumer goods industries. The increasing awareness about green tires, as a result of stringent regulations on fuel efficiency, demand for original equipment sales, replacement of tires, and development of environment-friendly coatings along with the growing economies of China, India, and the U.S. are driving rubber & plastics market.
Asia-Pacific accounted for the largest share of the Silanes Market, in terms of value, in 2015, as it is the largest market for applications of silanes, such as rubber & plastics, adhesives & sealants, and paints & coatings. China, India, and Japan are projected to be the leading automotive markets by 2021. Therefore, automotive sales are likely to increase the need for silanes in rubber & plastics, glass fiber composites, and paints & coatings industries in the next five years. Asia-Pacific is expected to continue its dominance in the market till 2021.
Top companies dominated in the global silanes market research report include Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Evonik Industries AG (Germany), Shin-Etsu Chemicals Co., Ltd. (Japan), and China National BlueStar (Group) Co., Ltd. (China), among others.
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For more details: https://www.prnewswire.com/news-releases/silanes-market-worth-183-billion-usd-by-2021-615574384.html
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