Silanes Market to surpass $3.9bn by 2024 Silanes Market

Global Silanes Market to grow at 8%CAGR between
2018 and 2024: Global Market Insights Inc.
Silanes Market is poised to surpass USD 3.9 billion by 2024; driven by rapidly
growing construction industry in the Middle East and Asia Pacific. Shifting focus from
conventional energy sources to unconventional sources of energy in order to
preserve the natural resources for the future generation is likely to drive the silane
market size by 2024. Product is widely applicable in the production of solar cells
which are applicable in the generation of solar energy mainly in European and North
America economy and increasingly in Asia Pacific. Therefore, solar cells production
is on the rise to meet the rising energy demand from residential, commercial and
industrial sector mainly in the growing economies including India, Singapore and
Malaysia. For instance, India solar boom has begun with government aiming to
achieve an installed capacity of 100 GW by 2022.
Product is widely used in producing silicones, which are used in the electronics
industry, as a key component of solar grade silicon which require high purity.
Additionally, product also finds application in various other electronic components
such as semiconductor, electronic chips, printed circuit boards, light emitting diodes,
etc., which will help attain growth parameters for silane market size by 2024.
Silanes Market
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