Silanes Market to surpass $3.9bn by 2024 Silanes Market | Page 3

Browse key industry insights spread across 122 pages with 206 market data tables &
26 figures & charts from the report, “Silanes Market Size By Type
(Halosilane/Hydride Functional Silane, Organofunctional Silane), By
Applications (Fiber Glass & Mineral Wool, Paints & Coatings, Polyolefin
Compounds, Adhesives & Sealants, Sol-Gel System, Fillers & Pigments,
Foundry & Foundry Resin, Silicones), Industry Analysis Report, Regional
Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan,
Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia,
UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast,
2018 – 2024” in detail along with the table of contents: https://bit.ly/2otLnXG
Based on application, the silane market size for adhesives & sealants contributed
close to 15% of the overall industry share in 2017. Product is extensively used in
adhesives & sealants to improve the adhesiveness of the end-product. Sealants
serve dual purpose which includes preventing the passage of water, air and
chemical through a zone where applied and as an adhesion to the surface. Silane
can form durable bonds in metal, glass, ceramic and other surfaces. Therefore,
these types of sealants are used in a range of industries including aerospace,
automotive, construction, etc. Furthermore, product also finds application in foundry
& foundry resin in achieving the necessary strength at relatively low content of
binder.
North America silane market size was valued close to USD 500 million in 2017. It is
mainly due to strong electronics industry growth which is due to strong R&D
initiatives by the key players as product is widely used as a key component of
semiconductors, circuit boards, electronic chips, photovoltaic cells, etc. Product is
highly preferred in the production of solar cells for the solar energy power generation
mainly in the U.S., as the country has technical expertise, environmental conditions,
and technology. The region has world’s largest solar installations, which will be a
major contributor to solar energy generation and henceforth in driving product
demand, which will have positive impact on the silane market size by 2024.
The major silane market share companies are Dow Corning, Evonik Industries,
ONICHEM, Tokyo Chemical Industry, Air Liquide, Momentive Performance Materials
and Gantrade Corporation. Few of these market players are making substantial
investment to boost the overall production to capture the regional market share. For
example, Momentive Performance Materials has recently opened a new NXT silane
production plant in the Leverkusen Chempark, with an objective to double the silane
production in Europe.
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