USD 1.11 billion
Report ID:
SQMIG15B2046 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Monosilane Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
The growth of the market is attributable to the growing product demand for applications such as rubber and plastic, fiber treatment, adhesives and sealants, paints and coatings, and others. The global monosilane market is also expanding as a result of rising R&D expenditures for developing new uses for the substance.
Over the forecast period, monosilane-based coatings is increasingly used in the construction industry and are anticipated to fuel an upward trend in demand for paint and coating products. There has been a significant increase in demand for various industrial coatings, adhesives, plastic components, and more as a result of recent building project successes in the Asia Pacific region as well as rising infrastructure restoration operations in North America and Western Europe. A substantial number of monosilane products are needed for ongoing production processes due to the rising demand for tyres and other light-weight, durable plastic components as a result of the Middle East and South American areas' developing vehicle markets.
US Monosilane Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.11 billion
Largest Segment
Electronic
Fastest Growth
Electronic
Growth Rate
7.7% CAGR
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Global monosilane market is segmented on the basis of grade, application, and region. By grade, the market is segmented into electronic, industrial, and others. By application, the market is segmented into rubber & plastic, fiber treatment, adhesives & sealants, paints & coatings, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Monosilane Market Analysis by Application
The paints and coatings application dominated the market in 2022 with a highest revenue share owing to growing use of monosilane-based coatings in the construction industry makes the monosilane market growth. The market is further influenced by the increasing focus on regulatory compliance, fuel efficiency, and water-based coating formulation. The rise of the automotive and building & construction sectors as well as the rising usage of monosilane in the creation of solvent-free coatings as well as R&D initiatives all have a beneficial impact on the monosilane market. Furthermore, in the forecast period, monosilane market participants would benefit from its use in the pharmaceutical and cosmetics industries as well as emerging economies.
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In 2021, Asia Pacific dominated the monosilane market. This growth is attributable to the region's growing demand for plastic compounds and rubber substrates in the automotive, industrial machinery, construction, packaging, and electrical & electronics sectors, as well as the expansion of the manufacturing sector in nations like India, China, Japan, and India. There is a high demand for products in the region as a result of the existence of significant chemical manufacturers like Sinopec, MSC Malaysia, and SINOPEC CHINA UNIChemicals. Due to its extensive silicone manufacturing capacity and expanding demand from a variety of end-use sectors, including paints & coatings, rubber and plastic, adhesives & sealants, among others, China is one of the world's top manufacturers and consumers of monosilane. Europe, which had a share of over 30% in 2019 due to increased silicone consumption across numerous end-use applications, including adhesives, positioned itself second to Asia Pacific.
The market in North America is also significant markets for monosilane. The United States is a major consumer of monosilane, driven by the presence of major semiconductor companies such as Intel, AMD, and Qualcomm. Europe is also a major market for monosilane, with countries such as Germany and the Netherlands being significant producers of semiconductors
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Monosilane Market Drivers
Rising demand for paints & coatings is propelling the market growth
Monosilane Market Restraints
Rising cost of raw material prices
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Key industry participants are making significant investments in R&D to expand their product offerings, which will spur further growth in the monosilanes market. With significant industry changes like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking a variety of strategic activities to develop their global presence. In order to grow and survive in a highly competitive environment, monosilanes industry competitors must provide affordable products.
Monosilane Market Top Player’s Company Profiles
Monosilane Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global monosilane market analysis, to meet the broad product requirements from developing end-use industries, numerous large manufacturers continuously invest in research activities to enhance their product portfolios. Due to the product's capacity to provide exceptional adhesion enhancement and its high effectiveness as a coupling agent, paints and coatings, followed by adhesives & sealants, are among the largest consumers of it worldwide. In the coming future, it is anticipated that the demand for various industrial sealants and coating formulations will increase due to rising construction activities in all major economies, which will further drive the demand for monosilane.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.11 billion |
Market size value in 2031 | USD 2.16 billion |
Growth Rate | 7.7% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Monosilane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Monosilane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Monosilane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Monosilane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15B2046
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