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

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.