Global Silane Market

Silane Market Size, Share, Growth Analysis, By Type (Functional Silanes, Mono/Chloro Silanes), By Application (Paints & Coatings, Adhesives & Sealants), By End Use Industry (Building & Construction, Electrical & Electronics), By Region - Industry Forecast 2025-2032


Report ID: SQSG15A2044 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 98 | Figures: 75

Silane Market Insights

Silane Market size was valued at USD 2.83 Billion in 2023 and is poised to grow from USD 2.96 Billion in 2024 to USD 4.24 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).

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 size was valued at USD 2.83 Billion in 2023 and is poised to grow from USD 2.96 Billion in 2024 to USD 4.24 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).

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. 'Evonik Industries AG ', 'Shin-Etsu Chemical Co., Ltd. ', 'KCC Corporation ', 'Dow Inc ', 'Wacker Chemie AG ', 'Gelest, Inc. ', 'WD Silicone Co., Ltd. ', 'Nanjing Shuguang Chemical Group Co., Ltd. ', 'China National Bluestar (Group) Co., Ltd. ', 'Nanjing Union Silicon Chemical Co., Ltd. ', 'Nanjing Capatue Chemical Co., Ltd. ', 'Nanjing Lanya Chemical Co., Ltd. ', 'Hubei Bluesky New Material Inc. ', 'Supreme Silicones India Pvt. Ltd. ', 'CHT Germany GmbH ', 'Shanghai Xinda Chemical Industry Co., Ltd. ', 'Henan Daken Chemical Co., Ltd. ', 'Schill+Seilacher "Struktol" GmbH ', 'PCC SE ', 'Hangzhou Ruijiang Chemical 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 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.

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Global Silane Market

Report ID: SQSG15A2044

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