iCrowd Newswire – Aug 19, 2020
According to Blueweaves Consulting, the Global Silanes Market worth is expected to reach USD 2.47 billion in 2026 from the USD 2.19 billion in 2019, at CAGR of 5.83% during period 2020-2026. The demand of Silanes is dependent on the growth of the automobile, consumer electronics, construction and pharmaceutical industries. Silanes are widely used in the manufacturing of tires and production of paints & coatings and plastic and rubber items as a coupling agent. The rising use of Silanes in paints and coatings, rubber and plastics, fiber treatment, and adhesive and sealants applications trigger the demand of Silanes substantially.
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Based on function, the Silanes are divided into Organo-functional Silanes and Mono/Chloro Silanes. The Silanes’ reactivity acts as a bridge between organic or inorganic or polymer substances of minerals, fillers, metals, rubber, thermoplastics and others and improve adhesion. They promote adhesion in paints and coatings, disperse molecules in concrete, reinforce fiberglass and mineral fillers in plastic & rubber and crosslink polyethene, acrylics and urethanes in paints and coatings. Rubber and Plastics Segment dominate the Global Silanes market. Based on application, the Silanes market is segmented into Rubber and Plastics, Fiber Treatment, Adhesive sealants, and Paints & Coatings.
Rubber and Plastics Segment dominates the Global Silanes market in terms of value and volume and is expected to register highest CAGR during the forthcoming period due to rising demand for green tire and lightweight plastic parts in the automotive sector.
The most populated developing economies such as China and India are witnessing a surge in infrastructure projects. The construction activities for rural and urban housing as well as commercial properties are enormous, driving demand for paints and coatings. The development in the automotive, construction, aerospace, glass and metal industries drive the demand for Silanes in the market.
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Asia Pacific region holds the major market share, contributing significantly to the Global Silanes Market. It is expected to witness the highest CAGR during the projection period 2020-26. It consists of various developing economies like India, China and others which are characterized by industrialization, rapid urbanization, more investment in infrastructure projects by state and private enterprises, and rising population and per capita income. Growing consumption of paints and coatings and plastic products, particularly in South Korea, Japan and China is likely to induce the demand for Silanes in this region. China is expected to emerge as a leader in Asia Pacific Silanes Market.
North America is expected to capture the market for epoxy Silanes as there exist huge demand and production of the same. In contrast, the Central & South America and Central & Eastern Europe are anticipated to notice the growth in mono/chloro segment of Silanes. The Silanes market in Latin America is expected to observe the sluggish growth rate during the projected period.
“The leading players” in the Global Ceramics Tiles Market are Wacker Chemie AG (Germany), Momentive Performance Materials Holdings LLC (US), Shin-Etsu Chemical Company Ltd. (Japan), WD Silicone Company Limited (China), Gelest Incorporation (US), Dow Corning (US), Gelest Inc (US), PCC SE (Germany), Air Products and Chemicals Inc (US), Nantong Sogeler Chemical(China) and others.
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Keywords: Silanes Market, Silanes Market Size, Silanes Market Share, Silanes Market Growth, Silanes Market Forecast