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Paint & Coatings Drive the Silanes Market: M&M

Published on 2016-01-21. Author : SpecialChem

According to the report "Silanes Market by Type (Organo-functional Silanes, Mono/Chloro Silanes), by Application (Rubber & Plastics, Fiber Treatment, Adhesives & Sealants, Paint and Coatings, and others) - Global Forecasts to 2020", the silanes market size is estimated to grow from USD 1.33 Billion in 2015 to USD 1.70 Billion by 2020, at a CAGR of 5.0% between 2015 and 2020.

Fig. 1: MarketsandMarkets

The market is driven by high demand from the rubber & plastics, fiber treatment, adhesives & sealants, and paint & coatings industries. Asia-Pacific and RoW markets are projected to witness strong growth in the next five years. The high demands in these regions are fueled by emerging markets such as China, India, and Brazil.

Rubber & Plastics is the Largest Application Segment of Silanes

Silanes are used in various applications such as rubber & plastics, fiber treatment, adhesives & sealants, paint & coatings, and others. In 2015, the rubber & plastics application segment accounted for the largest market share of the overall market, in terms of value. The rubber & plastics application segment is followed by fiber treatment, adhesives & sealants, and paint & coatings application segments. The silanes market in the rubber & plastics application segment is estimated to witness the highest CAGR between 2015 and 2020, in terms of volume.

The robust demand in Asia-Pacific is expected to be the major driving factor for the growth of the global silanes market. China is expected to lead the demand for silanes due to increased industrial production in the last 3–4 years. It is also among the leading consumer of silanes in the world. The markets in other emerging economies such as Brazil and India are also projected to grow rapidly.

The players profiled in the silanes market report are Evonik Industries (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Holdings LLC (U.S.), Shin-Etsu Chemical Company Ltd. (Japan), Wacker Chemie AG (Germany), Gelest Incorporation (U.S.), and WD Silicone Company Limited (China), among others.

About MarketsandMarkets

MarketsandMarkets annually publishes premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. It specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM".

Source: MarketsandMarkets

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