The new report by Expert Market Research titled, ‘Global Silane Market Size, Share, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global silane market, assessing the market based on its segments like source, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 1.06 billion
- Forecast CAGR (2023-2028): 4%
- Forecast Market Size (2026): USD 1.3 billion
The increased demand for electronics and coatings is propelling the silane sector forward. Rapid urbanisation in emerging nations such as India and China, as well as rising demand for silicane-silica reinforced green tyres in the automotive industry, are projected to boost the market over the forecast period. The need for highly efficient, solvent-free, and UV-cured coatings has increased, resulting in more silane being used in the formulation of solvent-free coatings.
The paints and coatings application segment is likely to benefit from these factors. Furthermore, the demand for electronic gadgets and equipment is fast expanding as a result of technical breakthroughs and increased urbanisation. Silane is a common lithography and processing auxiliary material in the electronics industry, as well as an insulating layer in semiconductor components. In the future years, these factors are likely to increase silane consumption in the worldwide electronics and semiconductors application area.
Silane Major Segments in the Market
Silane is defined as a silicon-containing compound that has strong reducing properties and is spontaneously flammable in air. The compound contains hydrogen and silicon and has a boiling point of -112 degrees Celsius and a molecular weight of 32.1 g/mol.
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On the basis of source, the market can be segmented into:
- Shark Liver
On the basis of its application, the market can be segmented into:
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Silane Market Trends
The silane market is being driven by the rising demand for paints and coatings as well as adhesives and sealants in the construction industry. The resurgence of construction activity in developing countries is expected to boost the global silane industry. The growing use of organofunctional silanes in the thermoplastic composites industry is expected to help the market even more. Furthermore, rising consumer demand for electronics and communication devices, which is increasing demand for semiconductors and electronic chips, is expected to boost silane industry growth during the forecast period.
Key Market Players
The major players in the market are Evonik Industries, Shin-Etsu Chemical Co.,Ltd., Gelest, Inc., Dow Inc., Nitrochemie Aschau GmbH, Wacker Chemie AG, Others.
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