[166 Pages Report] The overall Silanes Market was valued at USD 1.39 billion in 2015 and is projected to reach USD 1.83 billion by 2021, at a CAGR of 5.7% from 2016 to 2021. Silanes are used as coupling agents, adhesion promoters, dispersing agents, crosslinking agents, and blocking agents. Silanes mainly find applications in the rubber & plastics (tires), fiber treatment, paints & coatings, and adhesives & sealants industries. The rapidly growing automotive industry, along with the demand for high-performance tires, is driving the silanes market. Rising number of industrial applications of silanes and new applications in the cosmetics and pharmaceutical industries are expected to drive the silanes market in the future.
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Key Target Audience:
- Raw Material Suppliers
- Silanes Manufacturers
- Traders, Distributors, and Suppliers of Silanes
- Government & Regional Agencies, Research Organizations, and Investment Research Firms
Increasing demand for green tires and growing consumption of plastics in automobiles to increase road safety and improve fuel efficiency are also driving the silanes market. Use of silanes-silica reinforced green tires as an alternative to traditional tires could improve fuel efficiency by 5% and help reduce carbon dioxide emission.
New products have been introduced in the market, such as activated acrylate functional silane, which is used as a primer for optic cladding for light-cure acrylic nanocomposites. This product, with high reaction speed, was launched to cater new applications such as UV acrylated urethane cure systems and lightweight acrylic nanocomposites. Other new products with antimicrobials for surface protection to improve substrate bonding help prevent discoloration and deterioration caused by fungi. New advancements are seen in the silanes market with the changing needs and expectations of consumers and the demand for new products with improved properties and performance.
The rubber & plastics application segment for silanes is expected to register the highest growth owing to the growing demand for green tires in the automotive industry. The increasing automotive sales in China and India are also driving the demand for silanes in the rubber & plastics industry. Emerging applications in the pharmaceutical and cosmetic industries are expected to create new opportunities for the silanes market.
Mono/chloro silane is the fastest-growing type segment of the silanes market. Increasing focus on renewable energy in developing countries, such as China and India, is expected to drive the demand for integrated circuits (ICs) and photovoltaic (PV), which in turn will drive the mono/chloro silanes segment. Emerging applications of chloro silanes in pharmaceuticals syntheses as protecting agents are also expected to increase during the forecast period.
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China and India are projected to register higher CAGR in comparison to other countries between 2016 and 2021. Urbanization, industrialization, government spending on infrastructure, and low-cost production base propel the use of silanes in these countries for applications including rubber & plastics, adhesives & sealants, and paints & coatings in the automotive and construction industries. Economic growth in these countries is also stimulating the use of silanes.
Market players have adopted both organic and inorganic growth strategies, such as regional expansions, agreements, and new product developments, to expand their businesses worldwide. Key companies operating in this market focus on expansions and growing further in emerging markets. They also focus on strengthening their research & development facilities to provide cost-effective product grades. These developments are expected to lead to the sustainable growth of the global silanes market in the near future.
Key companies profiled 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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