Global Silane Market Is Expected to Grow at a Significant Rate Over the Forecast Period 2021-2027


Posted May 13, 2023 by WorldNews24

VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow.

 
The global silane market is expected to grow at a significant rate over the forecast period (2021-2027) due to increasing demand for silane in various applications such as rubber, adhesives and sealants, fiberglass, and others. Silane is a compound that contains one or more silicon atoms and four organic groups attached to it. It is used as a coupling agent to enhance the adhesion between two materials.

The growing demand for silane in the automotive industry is expected to drive the growth of the global silane market. Silane is used in the production of tires, as it improves their performance and durability. The increasing demand for fuel-efficient vehicles is also expected to boost the market growth.

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The growing demand for adhesives and sealants in various industries, including construction, packaging, and automotive, is expected to drive the growth of the global silane market. Silane is used as a coupling agent to enhance the adhesion of adhesives and sealants to various substrates, which improves their performance.

The high cost of production of silane is expected to hinder the growth of the global silane market. The production of silane requires high-purity silicon, which is expensive to produce.

The strict regulations regarding the use of silane in various industries are also expected to hinder the growth of the global silane market. The use of silane is regulated by various government agencies due to its hazardous nature.

The global silane market can be segmented based on type, application, and region. Based on type, the market can be segmented into mono/chloro silanes and functional silanes. The functional silanes are further sub-segmented into sulfur silanes, vinyl silanes, amino silanes, epoxy silanes, alkyl silanes, and methacrylate silanes. Based on application, the market can be segmented into rubber & plastics, adhesives & sealants, fiber treatment, paint & coatings, and others. Based on region, the market can be segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

The Asia-Pacific region is expected to dominate the global silane market during the forecast period. The growing demand for silane in the automotive and construction industries in countries such as China, India, and Japan is expected to drive the market growth in the region. The North America region is also expected to witness significant growth due to the growing demand for silane in the construction and automotive industries.

The global silane market is highly competitive, with the presence of several large and small players. Some of the key players in the 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.

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Last Updated May 13, 2023