Silane Market to surpass $3.9bn by 2024

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Global Silane Market to surpass 3.9bn by 2024
Global Market Insights Inc.
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Industry Overview

• Silanes Market is poised to surpass USD 3.9
  billion by 2024 driven by rapidly growing
  construction industry in the Middle East and Asia
  Pacific. Shifting focus from conventional energy
  sources to unconventional sources of energy in
  order to preserve the natural resources for the
  future generation is likely to drive the silane
  market size by 2024. Product is widely applicable
  in the production of solar cells which are
  applicable in the generation of solar energy
  mainly in European and North America economy and
  increasingly in Asia Pacific. Therefore, solar
  cells production is on the rise to meet the
  rising energy demand from residential, commercial
  and industrial sector mainly in the growing
  economies including India, Singapore and
  Malaysia. For instance, India solar boom has
  begun with government aiming to achieve an
  installed capacity of 100 GW by 2022.
• Product is widely used in producing silicones,
  which are used in the electronics industry, as a
  key component of solar grade silicon which
  require high purity. Additionally, product also
  finds application in various other electronic
  components such as semiconductor, electronic
  chips, printed circuit boards, light emitting
  diodes, etc., which will help attain growth
  parameters for silane market size by 2024.

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• Shifting focus towards paper packaging materials
  as opposed to plastic packaging materials due to
  rising regulations and compliance against plastic
  is probable to hamper the global silane market
  growth by 2024. However, extensive product use
  across several end-user industries such as
  automotive, construction, paints coatings,
  packaging, etc. will generate enough
  opportunities for silane market size by 2024.
• Silane market size for organofunctional silane is
  projected to witness gains of more than 7.5 in
  the coming years. Organofunctional silane are
  compounds with Si-C bond and are mainly used as
  coupling agents to promote the adhesion of
  organic matrices to inorganic substrates. These
  products find extensive applications in the form
  of adhesives, sealants, fillers, pigments,
  sol-gel system, foundry resin, silicones, etc.
  for various end-user industries including paints
  coatings, construction, electronics,
  automotive, packaging, plastics, rubber, etc. For
  instance, product form permanent chemical bonds
  and therefore work as a molecular bridge between
  inorganic and organic elements which not only
  improve but create new functionalities.
  Therefore, it is used in kaolin, clay, talc,
  mica, or quartz which are widely used as fillers
  in the thermoplastic or rubber composite
  industry. These trends will augment product
  demand which will help generate higher gains to
  the silane market size by 2024.

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U.S. silanes market size, by application, 2013 -
2024 (USD Million)

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Industry Coverage

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• Based on application, the silane market size for
  adhesives sealants contributed close to 15 of
  the overall industry share in 2017. Product is
  extensively used in adhesives sealants to
  improve the adhesiveness of the end-product.
  Sealants serve dual purpose which includes
  preventing the passage of water, air and chemical
  through a zone where applied and as an adhesion
  to the surface.
• North America silane market size was valued close
  to USD 500 million in 2017. It is mainly due to
  strong electronics industry growth which is due
  to strong RD initiatives by the key players as
  product is widely used as a key component of
  semiconductors, circuit boards, electronic chips,
  photovoltaic cells, etc. Product is highly
  preferred in the production of solar cells for
  the solar energy power generation mainly in the
  U.S., as the country has technical expertise,
  environmental conditions, and technology.
• The major silane market share companies are Dow
  Corning, Evonik Industries, ONICHEM, Tokyo
  Chemical Industry, Air Liquide, Momentive
  Performance Materials and Gantrade Corporation.
  Few of these market players are making
  substantial investment to boost the overall
  production to capture the regional market share.
  For example, Momentive Performance Materials has
  recently opened a new NXT silane production plant
  in the Leverkusen Chempark, with an objective to
  double the silane production in Europe.

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