Monosilane Market Size, Share, Growth Analysis, By Grade(Electronic, Industrial, Others), By Application(Rubber & Plastic, Fiber treatment, Adhesives & Sealants, Paints & Coatings), By Region - Industry Forecast 2024-2031

Monosilane Market size was valued at USD 1.11 billion in 2021 and is poised to grow from USD 1.2 billion in 2022 to USD 2.16 billion by 2030, growing at a CAGR of 7.7% in the forecast period (2023-2030).

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.