The global Silane and Silicone market is expected to reach the value of US$ XX million at the end of 2026.Silanes are saturated chemical compounds consisting of one or multiple silicon atoms linked to each other or one or multiple atoms of other chemical elements as the tetrahedral centres of multiple single bonds. On the other hand, silicones are a diverse family of specialty, high-performance materials that include reactive silanes, silicone fluids, and silicone polymers, which are widely used in a variety of consumer and industrial products. These materials provide essential benefits in key segments of economical growth, including health care, aerospace, personal care, electronics, transportation, and construction. Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisMarket Overview The study of this report includes global as well as regional drivers, restraints, and opportunities that impact the growth of the market. During the study of the report, micro and macro economy data are been considered through which the short term, as well as long term impact on this market, is been forecasted. The historical, as well as forecasted data is represented in terms of U.S dollars. According to this report, the global Silane and Silicone market is projected to grow at CAGR, during the forecast period, 2019-2025.Market Dynamics Increasing usage of silicones and silanes in the building and construction industry, rising demand for silicones and silanes from the automotive industry and the growth of the biomedical and electronics industry are the major factors responsible for the growth of the global silicones and silanes market. The growth of the building and construction industry is the primary driving factor attributing to the growing demand for silicones and silanes products. Silicone sealants are used in the construction industry to ensure important structural materials stay in place. Silicon adhesives and structural silicone glazing are majorly employed to protect and maintain the long-term quality and appearance of a building. Silicone products are also used in restoring historical buildings and monuments. Silicone additives can also help reduce the overall energy consumption of the building by using these additives as insulating materials.
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According to a research survey by Oxford Economics, the volume of the global construction output is expected to grow by 85% to USD 15.5 trillion by 2030. Owing to these factors, the global silicone, and silane market is anticipated to witness healthy growth in the future. However, stringent regulations imposed upon the use of silicones and silanes in end-user products and fluctuations in raw material prices are the crucial factors responsible for impeding the growth of the global silane and silicone Market.
Global Silane and Silicone Market - Key Segment
By Product
• Methacrylate
• Amino
• Alkyl
• Mono/Chloro
By Application
• Paints & Coatings
• Adhesives & Sealants
• Rubber & Plastics
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The automotive segment is the dominant segment of the silicone applications owing to a wide range of applications of silicones in the automotive industry. Silicone is majorly used as an automotive lubricant and as a coating for automotive airbags, spark plugs and to produce compounds which enhance abrasion resistance. According to the International Organisation of Motor Vehicles Manufacturers (OICA), 96.8 million vehicles were sold globally in 2017 compared to 93.9 million and 89.7 million in 2016 and 2015 witnessing a growth rate of 3.08% in 2017 and 4.6% in 2016 respectively. Owing to these reasons, rising global automotive sales is boosting the automotive segment to dominate the global silicone and silanes market. Global Silane and Silicone Market - Geographical Analysis By geography, the global Aesthetic Effect Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA). The Asia Pacific region is further segmented into the following areas such as India, Japan, South Korea, China, Australia, and others. The Asia Pacific region is the dominant segment in the silicone and silane market owing to the rising construction industry in countries like China, India, and Japan. According to the National Bureau of Statistics, China, the number of construction enterprises in China increased from 75,722 in 2016 to 81,196 in 2017. The gross output value of China's construction industry increased from USD 23 billion in 2016 to USD 26 billion in 2017. Similarly, according to the India Brand Equity Foundation, industrial investments in India's real estate in 2018 reached USD 5.5 billion, the highest in a decade. Real Estate industry in India is expected to reach a market size of USD 1 trillion in 2030 from USD 120 billion in 2017 contributing the 25% of the country's GDP by 2025. Owing to these factors, the Asia Pacific region is anticipated to dominate the global silanes and silicones market in the future. Global Silane and Silicone Market -
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Competitive Analysis
• Evonik Industries AG
• Shin-Etsu Chemical Co. Ltd.
• Dow Corning
• Wacker Chemie AG Momentive Performance Materials Inc
• China National BlueStar (Group) Co Ltd.
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