Silanes Market Size, Share, 2020 – Latest Industry Trends, Competitive Research & Growth Opportunity to 2024
Category: #business  By Rahul Varpe  Date: 2020-01-16
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Silanes Market Size, Share, 2020 – Latest Industry Trends, Competitive Research & Growth Opportunity to 2024

The estimates pertaining to the CAGR (Compound Annual Growth Rate) has been calculated by the Global silanes market 2019 report with respect to the extent of the specific time duration. Industry specialists that have been evaluating the business environment are also likely to take a closer look at the alignment of the organization as well as the firm’s business structure. This data that has been collected has been done so based on the high-quality insights and market structures and more.

Based on the type, silanes market share for organofunctional silanes constituted close to 60% of the global business size in 2017. These compounds have Silicon-carbon bond and is preferable to improve adhesive properties of organic and inorganic substrate in a matrix. They are primarily used across several end-user industries such as rubber, plastic, automotive, electronics, construction, energy, etc. Products are used in the preparation of fillers & pigments, paints & coatings, sol-gel system, adhesives, sealants across the aforementioned industries, which will help attain promising gains to the overall silanes market size by 2025. For instance, product is used in the production of sol-gel which is used in the production of fibers, microspheres, fine powders, thin films and monoliths. Main areas of application include protective coatings, catalysts, piezoelectric devices, wave-guides, lenses, high-strength ceramics, superconductors, synthesis of nanoparticles and insulating materials.

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Silanes market size for fillers & pigments is projected to witness gains close to 7.5% from 2018 to 2024. The product creates permanent chemical bonds and function as a molecular conduit between organic and inorganic substrates which help in improving and developing new functionalities. Therefore, it is used in kaolin, clay, talc, mica, or quartz which are extensively applicable as fillers in rubber or thermoplastic industry. Furthermore, it is used in the preparation of pigments for surface modification. For instance, inorganic pigments like TiO2, iron oxide, ATH (aluminum trihydrate) and others are rendered hydrophobic using alkyl silanes. These parameters will result in boosting the silanes market size by 2024.

Europe silanes market size was valued more than 25% of the total silanes market share in 2017. It is majorly attributed to strong product demand from automotive industry, restructuring & remodeling construction activities, in the form of fillers, pigments, paints, coatings, adhesives, sealants, etc. In paints & coatings, product is used to improve the adhesion to coated surfaces and bridge the interface between unlike substrates. These trends are projected to help attain significant gains to the global silanes market size by 2024.

According to a report compiled to predict the dominating trend for global construction by 2030, it was noted that U.S., China and India would be the leading countries that world impart a major boost to the global construction industry. It is anticipated that by 2030 the global construction output will grow almost by 85% and generate almost $15.5 trillion in terms of revenue with the three leading countries accounting for 57% of the total growth. The U.S. construction market is expected to expand faster than the China construction market with an annual growth rate of 5% and the former will overtake the latter within the next 15 years.

Meanwhile construction rates in India will eventually overtake that of Japan and by 2021 become the third largest construction market in the world. In fact, the Indian construction market is anticipated to grow almost twice as fast as China with the urban Indian population estimated to reach 165 million by 2030, Delhi becoming the world’s second largest city with 10.4 million people. By 2030, Indonesian construction industry is also expected to overtake that of Japan and in Latin America, Mexico will overtake Brazil.

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Silane also finds application in the manufacturing of solar cells and considering the booming solar energy industry in North America and Europe, it is anticipated that the silane market will register major growth trends through the deployment of increased solar power application in the two regions. Notably, the global solar photovoltaic capacity, which was 5 GW in 2005, has increased to 306.5 GW in 2016 with Germany alone having installed 41.3 GW of solar PV. In 2016, the solar PV market in the U.S. has been estimated to have worth $4.7 billion with solar technologies being heavily funded and the Solar Investment Tax Credit adding to the incentives of investing in solar power expansion.

Some of the prominent silanes market players are Momentive Performance Materials, Dow Corning, Tokyo Chemical, ONICHEM, Evonik Industries, Gantrade Corporation and Air Liquide. Most of the market share contributors are engaged in forming strategic alliances to expand its business presence in the market. For instance, Air Liquide acquired a U.S. based company Airgas in 2016. This move was intended to expand company's market in the U.S. in industrial gases.

As silanes are able to form bonds in ceramic, glass, metal, and other surfaces, adhesives & sealants are utilized in a range of sectors such as construction, automotive, aerospace, etc. Out of these business verticals, silanes are being currently used extensively in the construction sector. In this context, it is prudent to take note of the energy conservation trends that have swamped the global construction sector and the role of silanes in increasing energy efficiency in buildings.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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