Silane Market Size, Share, Growth Analysis, By Product(Alkyl silane, sulphur silane, amino silane, vinyl silane), By Type(Organo-functional silane, mono/chloro silane), By Application(Paints, coatings, adhesives, sealants), By Region - Industry Forecast 2024-2031


Report ID: SQSG15A2044 | Region: Global | Published Date: July, 2001
Pages: 157 |Tables: 98 |Figures: 75

Silane Market Insights

Silane Market size was valued at USD 2.7 billion in 2019 and is poised to grow from USD 2.83 billion in 2023 to USD 4.05 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

Silane is a chemical compound, derived from a family of silicon and other atoms such as carbon, nitrogen and hydrogen. Silane consists of chain of silicon atoms which are bounded covalently to hydrogen atoms. It greatly improves wetting property, compression strength, shear strength and others, where it is used in various industrial and medical applications. The silane market is rapidly growing owing to rising consumption in paint & coating. Building and construction activity is growing in developing regions such as Asia Pacific, Middle & East Africa which results in increasing demand for paint & coatings.

Factors such as high automotive production, bolstering the growth of the construction sector, increase in renewable power generation capacity and high production of textile fabrics are driving growth of the silane market. Furthermore, the product is an important component in the electronics industry, as silane gas is widely used in semiconductors, which are ultimately an integral component in the electronics industry. The growing demand for electronic gadgets and devices around the world is expected to continue to be a major contributor to the market.

Rising environmental consciousness has increased the demand for highly efficient, solvent-free, and UV-cured coatings, resulting in an increase in the use of silane in the formulation of solvent-free coatings. These elements are expected to propel the paints and coatings application segment.

US Silane Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Silane Market Segmental Analysis

Global silane market is segmented on the basis of product, type, application, and region. By product, the silane market is segmented into alkyl silane, sulphur silane, amino silane, vinyl silane, epoxy silane, methacrylate silane and mono/chloro silane. On the basis of type, the global silane market is classified into organo-functional silane and mono/chloro silane. According to application, the global silane market is segmented into paints and coatings, adhesives and sealants, rubber and plastics, fibre treatment, and others. Based on region, the Silane Market  is segmented into North America, Latin America, Europe, Asia Pacific, and Middle & East Africa.

Silane Market Analysis by Product

The amino silanes segment is anticipated to reflect the highest consumption, globally. Amino-based product is stable and reacts well with water, which makes it suitable for various applications. Several major players in the silane market manufacture amino silane for the paints & coatings applications, which bolsters the market growth. Vinyl silane are also used as adhesion promoters and coupling agents in various end-use applications, such as paints & coatings. The growth in demand for various silane products as crosslinking agents, adhesion promoters, and as coupling agents is projected to drive growth over the foreseeable future.

Silane Market Analysis by Type

The organo-functional silanes segment is estimated to account for more than 50% of the market during the forecasting period due to its wide range of applications in industries such as construction, electrical and electronics, automotive and aerospace, among others. Consumer preferences for higher-quality products and the simplicity with which new products can be synthesised are expected to drive demand for organo-functional silanes over the forecast period.

Methyl mono/chloro silanes are the fundamental components in a variety of silicone compounds (dimethyl, trimethyl, and methyl chlorosilane). Basic silicone products such as oils, resins, and gums are made from mono/ chloro silane by polycondensation and hydrolysis. Mono chloro silane is widely used in the manufacture of silicone (polysiloxane) polymers, silicones, and glass coatings. These features are expected to increase the demand for mono / chloro silane and further boost overall market growth during the forecast period

Silane Market Analysis by Application

Rubber & plastics is the dominant application of silanes and accounted for one-third of the silanes market. The original equipment tire sales in new automotive and second replacement demand of tire depending on the number of vehicles on the road, are the two factors for the growth of rubber & plastics sales. Paired agent with saline is used to treat glass fibres, chopped strands, mats, roving’s, yarns, and glass wool surfaces to minimize the hydrophilic nature of the fibre to strengthen the bond between fibre and resin in composites. The growth of silanes market will depend on the demand for glass fibre and carbon fibre composites in end-use industries such as automotive, construction, aerospace, and wind energy.

Adhesives & sealants withstand exposure to heat, UV radiation, humidity, and water when applied to metal, glass, and ceramic surfaces in end-use industries such as automotive, construction, and aerospace. These key end-use industries are growing, which in turn has spurred the growth of adhesives & sealants. Multiple large-scale manufacturers are constantly investing in research activities to enhance their product portfolios to meet the extensive product requirement from growing end-use industries.

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Silane Market Regional Insights

Asia Pacific dominates the global silane market on account of volume. This is attributed to the expanding manufacturing sector in Vietnam, Thailand, China, Japan, and India, which fuelled the demand for plastic compounds and rubber substrates in the automotive, industrial machinery, construction, packaging, and electrical & electronics industries. In Japan’s Ministry of Land, Infrastructure, Transport and Tourism, in May 2022, construction orders in Japan increased by 30.5% in comparison to the same month in 2021. In addition, a well-established manufacturing base for electrical & electronics in Taiwan, China, and South Korea is anticipated to provide further impetus to the automotive sector in the region.

The market in North America is driven by the growing automotive and construction sectors. Residential construction is the fastest-growing sector, in countries such as Canada and Mexico experiencing rapid growth in the last five years. To meet the growing demand for adhesives and sealants in the regional construction market, there has been a significant increase in the number of large-scale adhesive manufacturing plants compared to other geographies, which mostly have subsidiary units.

Europe exhibits a substantially high demand for adhesives & sealants from applications, such as construction, automobile, medical, engineering, and electronics sectors. Germany, Finland, and Italy are the major revenue-generators in the European market. Moreover, the strong presence of key companies, such as Helios Group, 3M Company, and SABA BV, in the region will drive market growth. According to the US Census Bureau, the overall construction spending in the US stood at USD 1,524.2 billion as of April 2021. Evonik Industries, in November 2021, increased the global price of its silicone products including silane by 30% with immediate effect.

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Silane Market Dynamics

Silane Market Driver

Increase in Solar Installation for Power Generation to Boost Market Growth

  • Silane is used to make fiberglass, which has a high applicability in the wind sector for blades, due to its anti-corrosive nature and rich mechanical and electrical properties, whereas pure silicon made by silane is used in solar photovoltaic cells. The growing demand for clean sources of energy has increased solar and wind energy installation to increase renewable power generation capacity. For instance, according to American Clean Power Association, in Q1 of 2022, the US-installed 6.62 GW of on-shore wind & solar storage capacity which showed an 11.5% increase from 2020. Furthermore, according to China’s National Energy Administration, in 2021, China’s solar installation capacity reached 53 GW which showed a 10% in installation than 2020. Such an increase in wind and solar installation for generating more power through clean energy sources will accelerate silane usage in the power generation sector for wind turbines and solar cell applications, thereby positively impacting the silane industry's growth.

Silane Market Restraint

Harmful Chemicals Released During Silane Manufacturing to Hamper Market Growth

  • VOCs released by silanes during crosslinking are frequently toxic and harmful to both the environment and humans. Amines and acids released by aminosilanes and acetoxysilanes, for example, are severe irritants to the skin, eyes, and mucous membranes, as well as corrosive to metal, stone, or mortar.
  • Alcohols, particularly methanol, produced by commercially available alkoxysilanes can cause blurred vision, headache, dizziness, and nausea. Oximes produced by other commonly used oximosilanes, particularly vinyltris (methylethylketoximino) silane, can cause severe eye irritation. Furthermore, all of the silanes mentioned above are disadvantageous because the VOCs released during crosslinking have unpleasant or irritating odors, and sometimes smell extremely bad, causing great discomfort, especially when working in a closed space. As a result, silanes are unable to comply with increasingly stringent environmental regulations, particularly in developed economies such as North America and Europe. Which is expected to be a major detriment to the global silanes market's overall growth.

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Silane Market Competitive Landscape

Global silane market is dominated by a small number of multinational corporations. These multinational corporations have a diverse product portfolio. There are also a few small and medium-sized enterprises in the Asia Pacific and Central America regions that are developing new products to cater to the native markets.

Manufacturers offer a wide range of products that can be used as coupling agents, crosslinkers, adhesion promoters, surface modifiers, and bonding agents. Major players are creating newer products that have the potential to broaden the application scope. They are also heavily investing in R&D and expanding their production capacities in order to sustain the market.

Top Players in the Global Silane Market

  • Evonik Industries
  • WACKER Chemie AG
  • Momentive Performance Materials Inc.
  • Dow Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • Gelest, Inc.
  • Jingzhou Jianghan Fine Chemical Co., Ltd.
  • WD Silicone Company Limited
  • Jiande Silicone Import & Export Co., Ltd.
  • Nanjing Shuguang Chemical Group Co., Ltd.
  • Air Products and Chemicals, Inc.
  • China National Bluestar (Group) Co., Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • OCI Company Ltd.
  • SiVance, LLC
  • Shandong Huaxia Shenzhou New Material Co., Ltd.
  • Hubei Bluesky New Material Inc.
  • Momentive Performance Materials Holdings LLC
  • Zhejiang Xinan Chemical Industrial Group Co., Ltd.

Silane Market Recent Developments

  • In October 2021, Brenntag extended its agreement with Evonik Industries for distributing silane products in 16 eastern European countries namely Poland, Czech Republic, Slovenia, Slovakia, Hungary, Serbia, Romania and more.
  • In October 2021, Munich-based chemical company WACKER acquired a 60% stake in specialty silane manufacturer SICO Performance Material Co. Ltd and the acquisition will strengthen WACKER’s silicone business and silane production capacity.
  • In July 2020, Hexion Inc. collaborated with Poland-based D&R Dispersions and Resins SP. to produce isocyanate-free silane resins on a commercial scale through the company’s VeoVa Silane technology.

Silane Key Market Trends

  • Manufacturers are working on developing solutions to minimize the cost of production by implementing new technologies and minimizing the cost of raw materials. In tire production, the application of silica silane technology was approximately 65% more costly than carbon black. German multinational chemical company WACKER AG announced to raise the prices for all its silicones product range, including silanes, amidst fuming raw material rates and supply shortage. The upward revision in the price was between 10 and 20 percent for all its shipments across the globe scheduled from 2021 onwards. Although Dow Corning and Evonik Industries, the leading market players, are making continuous efforts to minimize the prices of coupling agents, they are still unable to overcome the challenge.

Silane Market SkyQuest Analysis

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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global silane market analysis, emerging applications in the pharmaceutical and healthcare industries are expected to create new opportunities for silane manufacturers. Silane is widely used in dental fields. Chemical adhesion utilizes primers or bonding agents containing coupling agents. Universal primers which are silane coupling agents are the most effective and most widely used for unifying dissimilar materials. Development of new silane coupling agents, their optimization, and surface treatment methods are in progress to address the long-term resin bond durability. This development in turn will increase the consumption of silane coupling agents in the future. Development of next-generation antibiotics will also increase the need for silane by pharmaceutical manufacturers.

Report Metric Details
Market size value in 2019 USD 2.7 billion
Market size value in 2031 USD 4.05 billion
Growth Rate 4.6%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Alkyl silane, sulphur silane, amino silane, vinyl silane, epoxy silane, methacrylate silane, mono/chloro silane.
  • Type
    • Organo-functional silane, mono/chloro silane
  • Application
    • Paints, coatings, adhesives, sealants, rubber, plastics, fibre treatment, others.
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
  • Evonik Industries
  • WACKER Chemie AG
  • Momentive Performance Materials Inc.
  • Dow Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • Gelest, Inc.
  • Jingzhou Jianghan Fine Chemical Co., Ltd.
  • WD Silicone Company Limited
  • Jiande Silicone Import & Export Co., Ltd.
  • Nanjing Shuguang Chemical Group Co., Ltd.
  • Air Products and Chemicals, Inc.
  • China National Bluestar (Group) Co., Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • OCI Company Ltd.
  • SiVance, LLC
  • Shandong Huaxia Shenzhou New Material Co., Ltd.
  • Hubei Bluesky New Material Inc.
  • Momentive Performance Materials Holdings LLC
  • Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Silane Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Silane Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Silane 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 Silane 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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Silane Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Silane 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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FAQs

Silane Market size was valued at USD 2.7 billion in 2019 and is poised to grow from USD 2.83 billion in 2023 to USD 4.05 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

silane market is dominated by a small number of multinational corporations. These multinational corporations have a diverse product portfolio. There are also a few small and medium-sized enterprises in the Asia Pacific and Central America regions that are developing new products to cater to the native markets. 'Evonik Industries', 'WACKER Chemie AG', 'Momentive Performance Materials Inc.', 'Dow Corporation', 'Shin-Etsu Chemical Co., Ltd.', 'Gelest, Inc.', 'Jingzhou Jianghan Fine Chemical Co., Ltd.', 'WD Silicone Company Limited', 'Jiande Silicone Import & Export Co., Ltd.', 'Nanjing Shuguang Chemical Group Co., Ltd.', 'Air Products and Chemicals, Inc.', 'China National Bluestar (Group) Co., Ltd.', 'Tokyo Chemical Industry Co., Ltd.', 'OCI Company Ltd.', 'SiVance, LLC', 'Shandong Huaxia Shenzhou New Material Co., Ltd.', 'Hubei Bluesky New Material Inc.', 'Momentive Performance Materials Holdings LLC', 'Zhejiang Xinan Chemical Industrial Group Co., Ltd.'

Silane is used to make fiberglass, which has a high applicability in the wind sector for blades, due to its anti-corrosive nature and rich mechanical and electrical properties, whereas pure silicon made by silane is used in solar photovoltaic cells. The growing demand for clean sources of energy has increased solar and wind energy installation to increase renewable power generation capacity. For instance, according to American Clean Power Association, in Q1 of 2022, the US-installed 6.62 GW of on-shore wind & solar storage capacity which showed an 11.5% increase from 2020. Furthermore, according to China’s National Energy Administration, in 2021, China’s solar installation capacity reached 53 GW which showed a 10% in installation than 2020. Such an increase in wind and solar installation for generating more power through clean energy sources will accelerate silane usage in the power generation sector for wind turbines and solar cell applications, thereby positively impacting the silane industry's growth.

Manufacturers are working on developing solutions to minimize the cost of production by implementing new technologies and minimizing the cost of raw materials. In tire production, the application of silica silane technology was approximately 65% more costly than carbon black. German multinational chemical company WACKER AG announced to raise the prices for all its silicones product range, including silanes, amidst fuming raw material rates and supply shortage. The upward revision in the price was between 10 and 20 percent for all its shipments across the globe scheduled from 2021 onwards. Although Dow Corning and Evonik Industries, the leading market players, are making continuous efforts to minimize the prices of coupling agents, they are still unable to overcome the challenge.

Asia Pacific dominates the silane market on account of volume. This is attributed to the expanding manufacturing sector in Vietnam, Thailand, China, Japan, and India, which fuelled the demand for plastic compounds and rubber substrates in the automotive, industrial machinery, construction, packaging, and electrical & electronics industries. In Japan’s Ministry of Land, Infrastructure, Transport and Tourism, in May 2022, construction orders in Japan increased by 30.5% in comparison to the same month in 2021. In addition, a well-established manufacturing base for electrical & electronics in Taiwan, China, and South Korea is anticipated to provide further impetus to the automotive sector in the region.

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