87
views
views
Silane Market is forecast to reach $2.1 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025.
Silane Market is forecast to reach $2.1 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Anticorrosion properties of silanes make it an outstanding material for protective coating purposes in a wide variety of applications such as erosion / corrosion resistance coatings, microbiological corrosion safety, rendering automotive paints extremely weather-capable and many more. In addition, silanes are used as coupling agents to improve rolling resistance and compression for manufacturing tires in the automobile industry. Also, increasing demand for paints and coatings due to rapidly expanding construction sector across the globe will create new opportunities for the growth of the global silane industry in the forecast era.
Report Coverage
The: “Silane Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the silane market.
By Type: Mono/Chloro Silanes and Functional Silanes.
By Application: Rubber & Plastic, Fiber Treatment, Adhesives & Sealants, Paint & Coatings, Polyolefin Compounds, Sol-gel system, Fillers & Pigments, and others.
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Key Takeaways
The tire industry concentrates on improving fuel efficient solutions and reducing CO2 emissions. Hence the rising demand for green tires that are fuel-efficient makes silanes the fastest-growing application segment in rubber & plastics.
Furthermore, silanes are widely used in paints & coatings to improve adhesion to coated surfaces and bridge the interface between dissimilar materials will drive the market for Silane in the forecast period.
Due to COVID-19 palindrome, some of the construction operations are disrupted as the non-availability of migrant labor is interrupting certain construction activities, owing to which the demand for shotcrete concrete market is anticipated to decline in the forecast period.
Silane Market Segment Analysis - By Type
Mono/Chloro Silanes is highly preferred in the Silane Market. Mono/Chlorosilanes are chemical compounds prepared by reacting silicon powder and methyl chloride (CH3CI) gas through direct synthesis. The methyl mono/chloro silanes produced (trimethyl, dimethyl and methyl chlorosilane) are the building blocks for various silicone substances. Mono/Chlorosilanes undergo hydrolysis and polycondensation to give the basic silicone products such as oils, gums, and resins. In the manufacturing of silicone (polysiloxane) polymers and as silicone and glass coatings, mono-chloro silanes are commonly used. Thus, owing to these properties the demand for mono/chloro silanes will raise which is further anticipated to boost the market in the forecast period.
Silane Market Segment Analysis - By Application
Rubber & Plastic held the largest share in the Silane Market in 2019 and is projected to grow at a CAGR of 4.9% during the forecast period 2020-2025.Silane is used mainly as a release agent in different formulations of rubber and plastic materials. It can be used for precise casting as well. These releasing agents not only encourage mold release but also clean, clear and smooth the surface of rubber and plastic products. The special features of silanes are used to enhance plastics and rubber industries' performance and processes. Through use of plastics, fiber-reinforced plastics/composites and reinforced tire silanes will meet the fuel requirements set by the federal agencies of the United States and the EU. Hence, the consumption of silanes in plastics, rubber, and fiber treatment is expected to increase significantly over the forecast period. Also, owing to the increasing demand for green tire and increasing consumption of plastics in order to reduce the overall weight of the automobile and to achieve the fuel efficiency standards set by various governments, globally will further drive the silane market.
Silane Market Segment Analysis - Geography
Asia-Pacific held the largest share with 35.6% in Silane Market in 2019. During the projected period, the region's market will be able to expand significantly because of the anticipated growing demand for silane-containing construction goods. It is mainly attributed to the region's rapid industrialization and urbanization, which has sparked demand for the commodity due to its wide-ranging applications such as adhesives, sealants, fillers, paints & coatings and many more. According to the International Trade Administration, in China, the construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Due to the COVID-19 palindrome paints & coatings companies, including those under the public sector are considering to scale down the production. Owing to nationwide shutdown, ongoing construction in various places has been paused and the silane industry hence forth is being impacted in the Asia-Pacific region.
Silane Market Drivers
Greater emphasis on fuel efficiency and compliance with regulations
The automobile industry's key emphasis is on increasing the fuel efficiency and at the same time improving road safety. The use of silane is increasing, depending on the requirements of OEMs, to reduce rolling resistance and improve traction on wet or slippery surfaces. The large use of silanes-silica reinforced green tires could increase fuel efficiency by 5 percent instead of conventional tires. It could save millions of barrels per year, and reduce carbon dioxide emissions as well. In the U.S., all new cars must reach a fuel economy of 6.6 liters/100 km by 2016 and 4.3 liters/100 km by 2020, according to the U.S. Federal regulation. The EU has laid down a regulation to limit the emission of carbon dioxide from new cars by 2020 below 96 grams / km. The EU has set a rule to reduce carbon dioxide emissions from new cars below 96 grams per km by 2020. From November 2012, EU legislation mandated all tire manufacturers to mark all tire characteristics that imply energy efficiency in terms of fuel consumption and CO2 emissions, wet grip, and noise emissions.
Increasing demand for silane from the paint and coating sector
Silanes serve as an adhesion agent in coating formulations and helps enhance UV and thermal stability, surface strength, chemical resistance and ability to protect against corrosion. Siloxane-alkyd, siloxane-epoxy, and siloxane-acrylic chemistries are used to achieve low viscosity, low VOC, high solids, metal adhesion, cement and quartz-like surfaces, low combustibility, high heat and UV tolerance in automotive, architectural, and marine antifouling coatings. Silanes are also used as the feedstock for a thin-coating industrial sol-gel process. Biomedical applications are one of the fast-rising demands for silane coatings. Its strong biocompatibility has improved its use in metal implants to provide usable moieties. Increasing the use of silanes in other utility coatings is also boosting the demand. With the increase in the demand for paints and coatings, the silane market is projected to grow in the forecast period.
Silane Market Challenges
Alternatives used for packaging purposes
Increasing demand for paper-packing and other environmentally friendly packaging materials is a major limiting factor in silane market development. The market provides eco sustainable packaging products such as paper and jute. The rising demand for such materials and customer preference over plastics are restricting plastics growth in the packaging industry. Glass is often considered a recyclable material; however, glass collected most often has no secondary market and is sent to the landfill after sorting. Paper packaging that most frequently replaces plastic is a multilayered material that contains metallic foil and plastic in addition to the paper. Recyclers pick this out most frequently, and then give it to the landfill. Educational outreach and further studies will cause the pattern to be reversed by the packaging industry. Thus, the public trend for replacing plastic with paper and glass, as it is considered to be more environmentally friendly can hinder the growth of the silane market in the forecast period.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the silane market. In 2019, the market of silane market has been consolidated by the top five players accounting for xx% of the share. Major players in the silane market are WD Silicone Company Limited, Jingzhou Jianghan Fine Chemical Company Limited, Nanjing Shuguang Chemical Group Company Limited, China National Bluestar (Group) Co, Ltd., Momentive Performance Materials, Evonik Industries, Shin-Etsu Chemical Co. Ltd., Gelest, Inc.,Wacker Chemie AG and The Dow Chemical Company among others.
We also publish more than 100 reports every month in "Chemicals and Materials", Go through the Domain if there are any other areas for which you would like to get a market research study.