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Silanes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 to 2024

Author : Ronak Bora | Published Date : 2019-05-10 

The Silanes Market is set to grow from its current market value of more than $2.3 billion to over $3.9 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Strong growth parameters in electronics industry in North America is mainly due to consistent R&D development by the key market players along with excellent technical expertise and ample resources. For instance, U.S. semiconductor production was valued more than USD 17 billion in 2017, which is 47% of the overall semiconductor production in 2017. This is mainly attributed to the rapidly evolving technology in the region, which will have positive impact on the product demand, owing to its application in silicones production which is consequently used in producing semiconductors. Additionally, silanes are also used in manufacturing several other electronic parts such as photovoltaic cells, electronic chips, circuit boards, LEDs, etc. This growing popularity could increase product demand and consequently make a noteworthy contribution towards increasing the silanes revenue growth by 2024.

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Product is widely used in polymer industry in the form of fillers to impart strength, flexibility, and ability to resist external influences. Nevertheless, declining trends in polymer packaging material, owing to its hazardous environmental impact has shifted focus to paper based or bio-based packaging materials, which is likely to impede the growth aspects for silanes market by 2024.

Based on the type, silanes market share for organofunctional silanes constituted close to 60% of the global business size in 2017. These compounds have Silicon-carbon bond and is preferable to improve adhesive properties of organic and inorganic substrate in a matrix. They are primarily used across several end-user industries such as rubber, plastic, automotive, electronics, construction, energy, etc. Products are used in the preparation of fillers & pigments, paints & coatings, sol-gel system, adhesives, sealants across the industries, which will help attain promising gains to the overall silanes market size by 2024. For instance, product is used in the production of sol-gel which is used in the production of fibers, microspheres, fine powders, thin films and monoliths. Main areas of application include protective coatings, catalysts, piezoelectric devices, waveguides, lenses, high-strength ceramics, superconductors, synthesis of nanoparticles and insulating materials.

Silanes market size for fillers & pigments is projected to witness gains close to 7.5% from 2018 to 2024. The product creates permanent chemical bonds and function as a molecular conduit between organic and inorganic substrates which help in improving and developing new functionalities. Therefore, it is used in kaolin, clay, talc, mica, or quartz which are extensively applicable as fillers in rubber or thermoplastic industry. Furthermore, it is used in the preparation of pigments for surface modification. For instance, inorganic pigments like TiO2, iron oxide, ATH (aluminum trihydrate) and others are rendered hydrophobic using alkyl silanes. These parameters will result in boosting the silanes market size by 2024.

North America silanes 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 R&D 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 region has world’s largest solar installations, which will be a major contributor to solar energy generation and henceforth in driving product demand, which will have positive impact on the silane market size by 2024.

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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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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