Global Silane Market, Industry Insights by Application and Type - Forecast 2024

Posted August 31, 2019 by vynzresearch

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 rapidly being utilized as a promoter of adhesion that helps in improving temperature, chemical resistance, and moisture.

According to a recent report, it has been studied that the growing environmental responsiveness in developed economies such as North America and Europe has stimulated the use of water-based coatings due to certain benefits observed from the product as it is toxic-free. The demand for this product is strengthening due to increasing expenditure on developmental activities in BRIC countries.

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The increasing emphasis upon fuel efficiency, enhanced regulatory compliances, rapid demand for water-based coating formulations and mounting automotive and building & construction industries are the major factors driving the growth of silane market globally. However, the increasing demand for environment-friendly resources is expected to further hinder the growth of global silane market during the forecast period.

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.

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Key players operating in the global silane market include 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.

Source: VynZ Research
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Tags silane , silane market , silane market demand , silane market forecast , silane market growth , silane market share , silane market size , silane market trends
Last Updated August 31, 2019