Silanes Market by Type (Functional Silanes (Sulfur, Vinyl, Amino, Epoxy, Methacryloxy), Application (Rubber & Plastics, Fiber Treatment, Adhesives & Sealants, Paints & Coatings)), and Region - Global Forecast to 2021
“Silanes market projected to grow at a CAGR of 5.7% (2016-2021)”
The global silanes market is projected to reach USD 1.83 billion by 2021, at a CAGR of 5.7% between 2016 and 2021. Increasing focus on fuel efficiency and regulatory compliances as well as growing automotive and building & construction industries act as the key driving factors for the growth of the global silanes market. However, low growth in European economy and growing demand for paper packaging materials act as a restraint to the growth of the market.
“Rubber & plastics to be the fastest-growing application segment”
Rubber & plastics was the largest application of silanes in 2015, and is projected to be the fastest-growing segment during the forecast period, backed by the growth of the automotive industry. The growth of automotive industry in China, India, and the U.S. is driving the green tires market. The increasing awareness about green tires, as a result of stringent regulations on fuel efficiency and carbon dioxide emission in developed countries, is leading to an increase in their demand. The rubber & plastics application segment contributed almost one-third of the overall silanes market in 2015.
“Functional silanes to be largest type segment of the global silanes market”
Functional silanes accounted for the largest share of the silanes market by type in 2015, in terms of volume. These silanes contain alkyl, aryl, or functional group at one end and methoxy, ethoxy, or acetoxy group at the other end. Functional silanes have key applications in rubber & plastics, fiber treatment, adhesives & sealants, and paints & coatings. The growing end-use industries such as automotive and building & construction are expected to drive the functional silanes market. The demand for these silanes is expected to be driven by the increasing automotive sales in China, India, and the recovering demand in the U.S. Economic growth, industrialization, and increasing per capita income are expected to drive the automotive and building & construction industries in China and India, whereas in the U.S., recovering economy and employment rate will drive these industries.
“Asia-Pacific to be the largest and the fastest-growing market for silanes”
The major silanes markets in Asia-Pacific are India, China, Japan, Malaysia, Thailand, South Korea, and Taiwan, among others. In India and China, the demand for silanes is expected to increase because of the growing automotive and building & construction industries. In addition, the growing population in these countries aids in increasing the customer base, as it creates new opportunities for silanes in the healthcare and personal care industries. The manufacturing and packaging industries are growing rapidly in emerging economies of Asia-Pacific, thereby driving the demand for silanes.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments gathered through secondary research.
The break-up of primary interviews is given below.
By Company Type: Tier 1 – 50%, Tier 2 – 37%, and Others – 13%
By Designation: C Level – 46%, Director Level – 31%, and Others – 23%
By Region: North America – 33%, Europe – 28%, Asia-Pacific – 22%, Middle East & Africa – 11%, and South America – 6%
The companies profiled in this market research report are 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.
This research report categorizes the global silanes market on the basis of type, application, and region. The report includes detailed information regarding the major factors influencing the growth of the global silanes market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of key industry players has been done to provide insights on business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, and other recent developments associated with the market.
Reasons to Buy the Report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global silanes market comprehensively and provides the closest approximations of market sizes for the overall market and its subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
3. This report will also help stakeholders understand major competitors and gain insights to enhance their competitive position in the market. The competitive landscape section includes information on expansions, mergers & acquisitions, partnerships & collaborations, new product developments, and agreements.