“Global Silane Market Report and Forecast 2022-2027”
The Global Silane Market to be Driven by Growing Demand for Paints and Coatings During the Forecast Period 2022-2027
Expert Market Research’s new report titled ‘Global Silane Market Report and Forecast 2022-2027’ provides an in-depth analysis of the global silane market, assessing the market based on its segments such as source, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): $1.06 billion
- Forecast CAGR (2022-2027): 4%
- Forecasted market size (2027): 1.3 billion USD
Increased demand for electronics and coatings is driving the silane industry forward. Rapid urbanization in emerging countries such as India and China along with growing demand for silica-silica reinforced green tires in automotive industry is expected to drive the market over the forecast period. The need for highly effective, solvent-free, UV-cured coatings has increased, resulting in the use of more silane in the formulation of solvent-free coatings. The paints and coatings applications segment is expected to benefit from these factors. Moreover, the demand for gadgets and electronic equipment is increasing rapidly due to technical breakthroughs and increased urbanization. Silane is a common lithography and processing auxiliary material in the electronics industry, as well as an insulating layer in semiconductor components. In the coming years, these factors are likely to increase the consumption of silane in the global application field of electronics and semiconductors.
Main market segments
Silane is defined as a compound containing silicon which has strong reducing properties and is spontaneously flammable in air. The compound contains hydrogen and silicon and has a boiling point of -112 degrees Celsius and a molecular weight of 32.1 g/mol.
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On the basis of source, the market can be segmented into:
- shark liver
On the basis of its application, the market can be segmented into:
- Beauty products
Regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The silanes market is driven by the growing demand for paints and coatings as well as adhesives and sealants in the construction industry. The resurgence of construction activity in developing countries is expected to boost the global silane industry. The increasing use of organofunctional silanes in the thermoplastic composites industry is expected to further help the market. In addition, growing consumer demand for electronics and communication devices, which increases the demand for semiconductors and electronic chips, is expected to drive the growth of the silane industry over the forecast period.
Main market players
The major market players are Evonik Industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Dow Inc., Nitrochemie Aschau GmbH, Wacker Chemie AG, Others.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.
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