Market Analysis: Global Silanes Market
The Global Silanes Market accounted for USD 1.40 billion in 2016 and is projected to grow at a CAGR of 6.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Silanes Market
Silane is an organic compound containing a single or multiple silicon-carbon (Si-C) bonds. The silicon-based monomeric chemical consists of four substituent, and at least one carbon-silicon bond structure (CH3-Si-). There is a growing demand for silanes in paints & coatings, adhesives and sealants, rubber & plastics and fiber treatment activities, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers:
- Increasing focus on fuel efficiency and regulatory compliance
- Growing automotive, building & construction sector
- Rising demand for water-based coating formulation
- High cost of production
- Growing demand for paper packaging and other environment-friendly packaging materials
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Market Segmentation: Global Silanes Market
The silanes market is segmented on the basis of product type into alkyl, sulfur, amino, vinyl, epoxy, methacrylate and mono/chloro
On the basis of application, the market is segmented into paints & coatings, adhesives and sealants, rubber & plastics, fiber treatment and other.
On the basis of geography, the silanes market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Silanes Market
The global silanes market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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