Global Silane Market

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 News

  • 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.
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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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Global Silane Market

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