Silanes Market Size to Expand Significantly by the End of 2028
Stratview Research has published a new report titled “Silanes Market” which is segmented by Type (Halosilanes/Hydride Functional Silanes and Organofunctional Silanes), by Application Type (Fiberglass & Mineral Wool, Paints & Coatings, Polyolefin Compounds, Adhesives & Sealants, Sol-gel System, Fillers & Pigments, Foundry & Foundry Resins, Silicones, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market was estimated to grow from US$ 2.48 Billion in 2021 to US$ 4.31 Billion by 2028 at a CAGR of 8.1% during the forecast period of 2022-2028.
Silanes are an inorganic compound that is a colorless, pyrophoric, and toxic gas with a sharp, repulsive smell.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Type
Organofunctional Silanes are estimated to grow at a CAGR of more than 8.1% of the market during the forecast period.
The market is segmented as halosilanes/hydride functional silanes and organofunctional silanes. The Organofunctional Silanes segment is driven due to their widespread application in various end-use industries such as construction, automotive, and electronics.
By Application Type
Fiberglass & Mineral Wool is estimated to witness strong growth in the market during the forecast period.
The market is segmented as fiberglass & mineral wool, paints & coatings, polyolefin compounds, adhesives & sealants, sol-gel systems, fillers & pigments, foundry & foundry resins, silicones, and others. The Fiberglass & Mineral Wool segment is driven due to the growing product demand in various end-use industries and the excellent properties offered by it.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the leading region in the silanes market owing to rapid urbanization and industrialization in the region during the forecast period.
Factors such as the widespread application of the product as adhesives, sealants, and paints & coatings, increasing R&D activities in the electronic industry, and shifting preference towards unconventional energy sources in emerging economies such as China, India, and Japan are further expected to boost the regional market’s growth. North America and Europe are also expected to offer substantial growth opportunities.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players acting in the Silanes Market:
- Air Liquide S.A.
- Dow Corning Corporation
- Evonik Industries AG
- Gantrade Corporation
- Gelest, Inc.
- Momentive Performance Materials Holdings Inc.
- Nanjing Shuguang Chemical Group Co., Ltd.
- Nanjing Union Silicon Chemical Co., Ltd.
- ONICHEM
- Qufu Chenguang Chemical Co. Ltd.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Silanes Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Silanes Market?
- Which are the major market players?
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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