Silanes Market By Product (Functional Silanes, Mono/Chloro Silanes), Application (Coatings and Paints, Sealants and Adhesives, Plastics and Rubbers), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Silane Market Valuation – 2024-2031

Silanes can enhance the mechanical properties of materials, including flexural strength, tensile strength, and impact resistance. Additionally, they play a crucial role in improving electrical properties by augmenting hydrophobicity, thus imparting water repellency. This makes silanes particularly valuable for electrical components that are exposed to moisture. Thus, the mechanical and electrical properties of silanes are fostering the growth of the market to surpass USD 2.02 Billion in 2024 to reach a valuation of USD 3.48 Billion by 2031.

The use of silanes as coupling agents is a major factor driving the silanes market. Silanes improve adhesion by allowing for strong bonding between incompatible materials such as organic polymers and inorganic fillers such as glass fibers and metals, resulting in stronger and more lasting composites. This improved strength and endurance find extensive applications in industries such as wind turbine blades, building materials, and automobile parts, enabling the market to grow at a CAGR of 7.01% from 2024 to 2031.

Silane MarketDefinition/ Overview

Silane, a silicone-based molecule, contains a silicon atom at its core and four substituent groups that might be inorganic or organic. This versatile chemical has a wide range of applications, including rubber compounding, where it acts as a coupling agent. Its role is critical in promoting the adhesion of non-black pigments to the polymer backbone, which improves rubber’s compression and friction coefficient. Furthermore, silane functions as a water scavenger and improves adhesion. It can be used to increase adhesion, which improves temperature, chemical, and moisture resistance.

Silanes are interesting substances that play essential roles in various industries. They typically appear as colorless gases or liquids. However, one must be careful when handling them as they can easily catch fire and release toxic gases. It's important to protect your skin, eyes, and lungs when working with silanes. Despite their volatility, silanes have remarkable uses. They serve as essential ingredients for making pure silicon, which is vital for creating solar cells and electronic devices. They also transform into silicones, versatile polymers employed in sealants, adhesives, lubricants, and coatings. Silanes are also remarkable as coupling agents, enhancing the bond between different materials. Finally, their water-repellent properties make them ideal for keeping surfaces dry and protected.

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How the Increasing Share of Renewable Energy and Rising Adoption of Wind Energy Infrastructure is Driving the Growth of the Silane Market?

The increasing share of renewable energy in total power generation to meet the compliance regulation is surging the demand for silanes in the market. Also, the rising adoption of wind energy infrastructure is allowing the market to increase the adoption of tower sections, generators, and auxiliary systems, which is fostering the growth of silanes in the market. For instance, according to the , over 20% of U.S. electricity is generated by renewable energy, by wind energy in 2022 around 10.3% of electricity was generated.

The increasing demand for silanes in the construction and automotive sectors is surging the demand for silanes owing to their capacity to deliver superior water repellency, UV resistance, and increased durability to building materials. As a result, silanes are becoming increasingly popular in construction applications such as coatings, sealants, and surface protection. The developing construction and building industries in regions like India, China, and Middle East Africa are driving the silane market and are expected to continue its growth throughout the forecast period.

For instance, according to , in India under the NIP, India has a $1.4 trillion infrastructure investment budget, with 24% allocated to renewable energy, 18% to roads and highways, 17% to urban infrastructure, and 12% to railroads. 54 global innovative construction technologies were recognized as part of PMAY-U’s Technology Sub-Mission to usher in a new era in the Indian construction technology sector. India has funded USD 119.87 Billion for urban infrastructure in the annual budget for urban infrastructure development in Tier 2 and 3 cities

The growing automotive industry is increasing the demand for silane in the market. The advancement in the automotive industry in regions like India, China, and the United States, is fostering the growth of silane in the automotive industry. For instance, according to the , in India from Aril 2000 to September 2023, the automobile sector received a total of around $35.40 billion in equity FDI. India’s annual car output in FY21 was 22.65 million vehicles, with 13 million vehicles manufactured between April and October 2021.

The use of silanes in coatings has increased significantly as the paints and coatings industry transitioned from solvent-borne to water-borne coatings. Epoxy silanes, in particular, play an important role in increasing the sanding and block resistance of water-borne transparent coatings, which will drive increased demand in the forecast period. Furthermore, the diversity of this application sector enables the use of a wide range of polymers and oligomers with varying viscosities. As a result, the paint and coatings industry is projected to be a significant end-user of silanes in the coming years.

For instance, according to the , the United States coatings industry contributes significantly to the US economy, exporting over $2.5 billion and producing a trade surplus of $1.4 billion. The highest coating industry payroll in 2020, was California USD 2.4 Billion, Texas USD 1.6 Billion, and Florida USD 1 Billion.

How the Limited Shelf Life and Increasing Environmental Concerns is Hampering the Growth of the Silane Market?

Numerous silane-based products exhibit high reactivity, especially in the presence of moisture. Consequently, they have a shorter shelf life, necessitating meticulous storage and handling procedures. This characteristic poses challenges for manufacturers, leading to potential inconvenience and product wastage. The increasing emphasis on eco-friendly packaging options is driving the adoption of environmentally sustainable substitutes for plastic packaging, a significant area where silanes are commonly applied. Materials such as paper and jute are emerging as potential alternatives, which could potentially dampen the demand for silanes in this sector.

The rising concerns about plastic pollution and the boom in online shopping have fueled a surge in the use of paper-based packaging. This demand has driven up the need for cardboard and recycled boxes, as more and more goods are shipped through e-commerce. On the other hand, the rise of digital technologies has led to a decline in the market for traditional paper products, such as newsprint and printing sheets. For example, India's exports of paper, cardboard, and newsprint in 2021-22 surged to $3.18 billion, a 63% increase over the previous year. This growth has been primarily driven by the surge in e-commerce packaging.

High costs associated with the raw materials are hampering the growth of the silane market. The synthesis of silanes is dependent on raw materials that may carry high costs and vulnerability to price fluctuations influenced by fossil fuel markets. These factors directly influence the overall cost of silanes, potentially serving as deterrents to their broader adoption.

Category-Wise Acumens

How the Surge in Demand of Photovoltaic Solar Energy is Driving the Growth of Functional Silanes in the Silanes Market?

The Functional Silanes segment is substantially dominating the silanes market and is expected to continue its growth throughout the forecast period. The surge in demand for photovoltaic (PV) solar energy, attributed to its clean electricity production capabilities, coupled with regulatory support and government initiatives, is fostering the growth of functional silanes in several countries.

According to the Office of , the United States built 15.8 GW of alternating current (AC) PV in the first nine months of 2023, a record up 31% year on year (y/y). According to the , around 440 gigawatts of direct current (GWdc) of photovoltaics (PV) are expected to be installed globally in 2023, global installations are expected to rise to 400 GWdc in 2024 and 590 GWdc by 2027. Estimates for 2023 are expected to rise since China reportedly estimated installing roughly 260 GWdc of PV panels in 2023.

In addition, according to the in the United States around 3.4% of electricity will be produced by solar energy in 2022. This escalating demand for solar energy is anticipated to fuel the demand for silanes across various applications including integrated circuits (ICs), flat panel displays, and PV applications. Functional segment applications include adhering carbon and glass fibers to stabilize composite materials, applying polycrystalline silicon layers on silicon wafers for semiconductor manufacturing, and additional functions such as water repellency and graffiti control.

How the Increasing Growth in Construction and Infrastructure in Asia and the Middle East are Surging the Growth of the Fiber Treatment Segment in the Silanes Market?

The growing building construction and infrastructure sectors in Asia and the Middle East are driving up demand for glass fibers, which is escalating the growth fiber treatment segment in the silanes market. Furthermore, the semiconductor and electronics industries have a strong growth potential, driven by the growing need for miniaturization and the expansion of the electronics and automation sectors in countries such as China, India, South Korea, and Taiwan.

For instance, according to the , in 2022, the Korean government invested USD 1.9 Billion in R&D programs to encourage SME enterprises to progress and grow automated technology. In addition, according to the , in 2022, electric passenger cars accounted for 3.4% of total registrations in Taiwan. EV sales in Taiwan increased from 7,064 units in 2021 to 16,106 units in 2022, signifying a 128 percent annual growth rate and a new record.

Silane composites provide lightweight properties, low maintenance requirements, and superior chemical and heat resistance. These beneficial features enable the substitution of existing materials in the automotive and building & construction industries, hence increasing demand for silanes.

How the Wide Use of Adhesive and Sealants in Industries is Enabling the Adhesive and Sealants Segment to Grow During the Forecast Period?

The adhesive and sealants segment is expected to show growth in the silane market during the forecast period, owing to the wide use of adhesives and sealants in several industries.  They serve an important function in affecting the properties of adhesives and sealants, providing the necessary stability and strength over time. The development of the plastics industry drives the majority of global demand for adhesives and sealants.

Silanes are also used in applications like cable insulation and electrical wires to crosslink polyethylene and its copolymers. Silane-based plastic compounds are used in applications that require high-temperature resistance, such as natural gas carrier pipes and hot and cold water pipes. The rising electrical industry, especially in Asia Pacific, is expected to drive market expansion.  Furthermore, technical improvements in the construction and transportation industries, where plastic rubber components, which are widely used in a variety of applications, are likely to drive up demand for silanes.

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Country/Region-wise Acumens

How the Development of Automotive Industry in the Countries are Accelerating the Growth of the Silane Market in the Asia Pacific?

Asia Pacific is substantially dominating the silanes market and is expected to continue its growth throughout the forecast period owing to the developing automotive and construction industry in countries like India, China, Japan, Malaysia, Thailand, South Korea, and Taiwan. For instance, cement industry is the second largest in the world after China. It has progressed to become one of the best in terms of energy efficiency, quality control, and environmental sustainability. It has a strong connection to various industries like as infrastructure, construction, housing, transportation, coal, power, and steel.

"In countries like China and India, the growing automotive and construction industries are making people want more silanes. In India, the car industry makes up about 2.77% of the entire country's economy and gives jobs to 19 million people. This growth in India's car industry is making the silane market there bigger. For example, from 2022 to 2023, India exported 47,61,487 cars, with two-wheelers making up 77% of that. And passenger car exports went up by 14.7% from April 2022 to March 2023, from 5,77,875 to 6,62,891 cars."

The robust expansion of the Asian economy, coupled with increased purchasing power among consumers, has notably stimulated growth in the automotive sector, consequently augmenting the utilization of silanes in rubber and plastics applications. Furthermore, the growing manufacturing and packaging industries also contribute to the demand for silanes in this region. According to , India’s Packaging Industry is expected to reach USD 204.81 Billion in 2025, registering a CAGR of 26.7% during the forecast period.

How the Robust Development in the Construction Industry in the Region is Escalating the Growth of the North America Silanes Market During the Forecast Period?

North America is set to lead the way in growth in the coming years, especially in the construction sector. Countries like Canada and Mexico are seeing a surge in home building. In Mexico alone, the construction industry is booming. In 2022, it was worth $102.88 billion, and it's projected to reach $120.58 billion in 2023. Another major factor driving growth is the paint and coating industry. The development of new paint and coating technologies is helping the market expand at a rapid pace. The United States is also a major player in the chemical industry, which is worth over $800 billion and accounts for over 25% of the GDP. This includes companies that produce products for the paint and coatings industry. So, if you're looking to invest in a growing market, North America is a great option. The construction and paint and coating industries are booming, and the region is expected to continue to lead the way in the future.

Unlike other regions where subsidiary units are more common, there is notable growth in the number of large-scale plants producing adhesives to cater to the increasing demand from the local construction sector for adhesives and sealants.

Competitive Landscape

The competitive advantage of the silane market lies in its versatility and effectiveness across various industries. Silanes offer unique properties that enhance the performance and durability of materials in applications such as adhesives, sealants, coatings, and composites. Their ability to improve adhesion, provide water repellency, enhance mechanical properties, and resist heat and chemicals makes them indispensable in numerous sectors, including automotive, construction, electronics, and renewable energy.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the silane market include

  • Evonik Industries AG
  • Shin Etsu Chemical Co., Ltd.
  • Wacker Chemie AG
  • Momentive Performance Materials, Inc.
  • Dow Corning.

Silanes Market Latest Developments

  • In October 2021, WACKER announced the acquisition of a 60% stake in SICO Performance Material Co., Ltd., a specialty silane manufacturer.
  • In January 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corporation’s Silicones business in Korea and the UK, as well as its sales activities in China.
  • In November 2020, Momentive Performance Materials Inc. announced the sales of its Consumer Sealants Business to Henkel Corporation.
  • In April 2020, Bluestar Elkem Silicones announced the acquisition of Polysil, a top Chinese manufacturer of silicone elastomers and resins

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~7.01% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Evonik Industries AG
  • Shin Etsu Chemical Co., Ltd.
  • Wacker Chemie AG
  • Momentive Performance Materials, Inc.
  • Dow Corning
Customization

Report customization along with purchase available upon request

Silane Market, By Category

Product

  • Functional Silanes
  • Mono/Chloro Silanes

Application

  • Coatings and Paints
  • Sealants and Adhesives
  • Plastics and Rubbers
  • Fiber Treatment

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

Understanding the Market Inside and Out We'll conduct a thorough analysis of the market, looking at both the big picture (quantitative) and the details (qualitative). We'll take into account both financial and non-financial factors to make sure we have a well-rounded understanding. Valuing the Market For each segment and sub-segment in the market, we'll provide the estimated value in US Dollars (billions). This will give you a clear picture of the size and growth potential for different areas of the market. Spotting the Stars We'll identify the region and segment that's expected to grow the fastest and dominate the market. This will help you prioritize your investments and strategies. Exploring Geographic Variations We'll delve into the unique characteristics of different regions, analyzing how the product or service is used and the factors influencing the market in each area. This will give you insights into region-specific opportunities and challenges. Who's Who in the Market We'll provide a competitive landscape that ranks the key players and tracks their latest moves, including new product launches, partnerships, expansions, and acquisitions. This will give you a clear understanding of the dynamics within the market and help you stay ahead of the curve.

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