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Silanes Market Size
Silanes Market size was USD 2.37 billion in 2020 and will exhibit a 7.8% CAGR from 2021 to 2027. Rising product demand from the electronics industry has stimulated the demand for organofunctional silanes, especially in the developed nations of North America and Europe.
Silanes are largely used in the production of elemental silicones, which act as a key component in Printed Circuit Boards (PCBs), semiconductors, electronic chips, light-emitting diodes, etc. They are also an essential precursor of high purity solar-grade silicon. Shifting focus on electricity generation by renewable sources has triggered the demand for solar panels to generate solar energy, which will subsequently augment the silanes market share by 2027.
Silanes also known as silicon hydride are used as coupling agents in fiberglass & mineral wool, which are widely applicable as insulation materials across several end-user industries such as construction, paints & coatings, automotive, etc. Silanes establish a durable bond by joining organic and inorganic materials to integrate bulk attributes of different phases into an invariable structure to produce heterogeneous environments.
Organofunctional silanes cover several long-chain silanes, which are mainly used for the pre-treatment of metals to enhance the adhesion of paints and bridge the interface between dissimilar materials. The rising construction industry in the emerging economies will have a positive influence on the paints & coatings industry.
Generally, on an industrial scale, silane is produced by the reaction of hydrogen chloride with magnesium silicide. Silanes have an extensive application in various end-use industries such as chemical, construction, automotive, rubber processing, plastic packaging, electrical & electronics, pharmaceuticals, etc. It is a volatile, flammable, and toxic substance that incurs a lot of safety standards from regulating bodies such as FDA, NFPA, EPA, European Union, etc. A set of precautionary standards have been led down according to the Globally Harmonized System (GHS) to minimize any type of mis-happenings due to silanes.
| Report Attributes | Details |
|---|---|
| Base Year: | 2020 |
| Market Size in 2020: | USD 2,375.5 Million |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 7.8% |
| 2027 Value Projection: | USD 3,851.7 Million |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 277 |
| Tables, Charts & Figures: | 240 |
| Segments covered: | Type, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The increasing adoption of paper-based packaging material as an alternative to plastic packaging might hamper the packaging segment growth. Silanes are used as an additive in plastic packaging to enhance product functionality. Recyclability, eco-friendliness, and biodegradability concerns of silicon might hamper product demand in the packaging sector. Product innovation and rising R&D expenditures by prominent players will offer new opportunities for the silanes market in the near future.
The worldwide COVID-19 crisis has severely impacted the silanes market outlook. Lockdown and quarantine measures applied to combat multiple waves of the COVID-19 infection have limited the production and supply of silanes. Many producers have suspended or reduced their production capacity, hampering the industry demand.
Demand for silanes suffered due to trade restrictions, lowering demand for end products and slow business activities. The efficiency of the value chain highly depends on logistics and supply chain partners. With a low supply of raw materials, the growth rate declined during the period. However ramping vaccination campaigns across the globe will restore the demand and supply gap in the near future.
Silanes Market Analysis
The organofunctional silanes market revenue was over USD 1.60 billion in 2020 and is likely to witness a decent rate of 8% through 2027. Organofunctional silanes are compounds with Si-C bonds, which are widely used as fillers in the thermoplastic or composite industry. The glass fiber reinforced plastic is combined with silane-induced adhesion to provide high-profile properties. It results in providing superior properties to the final end-products, which include high elasticity, low weight, corrosion resistance, chemical resistance, and excellent heat & sound insulation. Strong growth in industrial processing activities will propel the silanes market growth during the assessment period.
The adhesives & sealants application will contribute over 15.9% of the global consumption in 2027. Silanes are widely used in sealants to enhance their functional properties. They often serve as dual-purpose by preventing the passage of chemicals, fluids, and air on the applied section and serve as a robust joining material. They are capable of forming resistant bonds in glass, composites, metal, ceramic, etc. Hence, these types of sealants are used in a range of industries including aerospace, automotive, and construction. Growing trends of building lightweight structures, aircraft, and vehicles with high durability will escalate the silanes market sales.
Europe will account for a revenue size of over USD 1.15 billion in 2027. Growing restructuring and remodeling activities in the region will boost the demand for adhesives, sealants, fillers, pigments, and coatings. Additionally, strong initiatives to shift focus to unconventional energy sources to conserve non-renewable sources have triggered the silanes market value in the solar energy sector in the region. According to the International Renewable Energy Agency, Europe plans to double the renewable share in its energy mix cost-effectively from 17% in 2015 to 34% in 2030.
Silanes Market Share
The silanes market is highly competitive with major players contributing over half of the total market share in 2020. Market players are highly engaged in research & development, product innovation, and expansion of production facilities to gain a competitive advantage. For instance, in 2019, Shin-Etsu Chemical with an investment of over USD 21 million expanded its silicones production capacity in the U.S. to cater to the escalating demand from automobiles and electronics component manufacturers. It was intended to proactively expand its silicone business by producing silicone emulsions.
In September 2018, Evonik Industries announced to build a new silicone plant in Geesthacht, Germany. This move was intended to strengthen its focus on innovative specialty chemical products in the region. Other notable players operating in the silanes industry include
- Tokyo Chemical Industry
- Air Liquide
- ONICHEM
- Nanjing Union Silicon Chemical
- Evonik Industries
- Dow Corning
- Nanjing Shuguang Chemical Group
- Momentive Performance Materials Holdings
- Shandong Wanda Organosilicon New Material
- Silar
- GELEST
- Gantrade Corporation
- Qufu Chenguang Chemical
- Chengdu Taiyu Industrial Gases
The silanes market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:
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By Type
- Halosilanes/hydride functional silanes
- Organofunctional silanes
By Application
- Fiberglass & mineral wool
- Paints & coatings
- Polyolefin compounds
- Adhesives & sealants
- Sol-gel system
- Fillers & pigments
- Foundry & foundry resin
- Silicones
The above information is provided on a regional and country basis for the following:
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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