Global Silanes Market to exceed $3.85 billion by 2027

According to a new research report by Global Market Insights Inc., the Silanes Market size is estimated to surpass USD 3.85 billion by 2027. Rapid investments in sustainable solutions will escalate silanes demand in the near future.
 

Increasing energy efficiency trends using solar power will influence market growth

Increasing government focus on net zero emissions and rising adoption of sustainable energy resources have surged the demand for alternative clean energy. Solar power is a self-sufficient green source of energy. Silanes are widely used in the manufacturing of solar panels, specifically in crystalline silicon cell manufacturing. Emerging nations, such as India, Japan, and China, have shown a significant increase in the annual installation of photovoltaic cells. Moreover, the establishment of solar panels is also a part of the green planet mission. The Asian countries are providing incentives and running different policies to promote the use of solar energy and contribute to reducing carbon footprints.
 

According to U.S. International Trade Administration of Department of Commerce, the region holds around 47% of the world’s semiconductor manufacturing equipment business. Along with the Netherlands and Japan, these top three countries control over 90% of the global market. The U.S. companies export over 80% of semiconductor and 84% of semiconductor manufacturing equipment outside the U.S. This increasing growth trend of the U.S. semiconductor and semiconductor manufacturing equipment industry will subsequently boost the silanes market share in the coming years.
 

High production cost and threat of substitution in the packaging sector might hamper silanes market growth during the assessment period. Silanes are added to polymers to modify their properties and distribute the filler uniformly in the polymers while reinforcing the bond between them. They enhance surface smoothness and maximize impact strength & flexibility to raise resistance to environmental influences. Currently, they are being replaced by environment-friendly paper packaging solutions.
 

Browse key industry insights spread across 277 pages with 211 market data tables & 29 figures & charts from the report, “Silanes Market By Type (Halosilanes/Hydride Functional Silanes, Organofunctional Silanes), By Applications (Fiber Glass & Mineral Wool, Paints & Coatings, Polyolefin Compounds, Adhesives & Sealants, Sol-Gel System, Fillers & Pigments, Foundry & Foundry Resin, Silicones), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/silanes-market
 

The alarming situation of COVID-19 pandemic has led to worldwide economic slowdown. The pandemic has caused ripple effect leading to disruption of the global chemical sector. Fall in consumption due to supply chain disruptions and shortage of materials and labor declined silanes demand during the period. The demand is anticipated to ramp up by the end of 2022 with efficient roll out of vaccination programs.
 

The halosilanes to exhibit moderate growth during the assessment period

The halosilanes/hydride functional silanes segment will account for a revenue share of USD 1.21 billion in the global silanes market by 2027. Halosilanes mainly includes trichlorosilanes, tetrachlorosilanes, and tetrafluorosilanes. These thermally stable compounds have Si-X bond and are commonly used in the formulation of silicone polymers and coatings glass surfaces. The rising utility of silanes in construction, automotive, packaging, and electronics industries will subsequently propel the silanes market growth.
 

The polyolefin compounds application segment will exhibit promising growth

The polyolefin compounds application held a market size of over USD 134 million in 2020 and is projected to grow at a decent rate of 6.7% through 2027. Silanes are widely used in the synthesis of polyolefin compounds to significantly enhance their functional properties. They boost heat and dimensional stability, electrical flow and creep resistance, as well as weatherability. Generally, vinyl silanes are employed for silane crosslinking and the production of cross linkable polyolefin compounds.
 

The silanes are widely used in the manufacturing of power transmission and distribution cables from cross linkable polyethylene by the process of silane crosslinking. Significant growth in building & construction, electronics, automotive, and packaging industries will augment the global silanes market share in the coming years.
 

North America is anticipated to be among the leading regional market

North America is projected to account for a decent market share of 22.5% in the overall silanes market by 2027 driven by strong electronics industry growth backed up by R&D initiatives from key players as the product is widely used as a key component in semiconductors, solar panels, circuit boards, electronic chips, etc. Furthermore, the product is highly preferred in the production of solar cells used for the generation of solar energy mainly in the U.S. The region has witnessed the world’s largest solar power installations. According to the U.S. Department of Energy (DOE), in past decade an average annual growth rate of around 60% was witnessed in the solar energy industry in the U.S., making it a major contributor to solar energy generation. These trends are anticipated to trigger product demand by 2027.
 

Geographical expansion, product innovation, and joint ventures will augment market competitiveness

The silanes industry is highly competitive due to the presence of multinational players with distribution across the globe. Most of the players are making investments in increasing their production capacity by establishing new production plants; for instance, in 2017, Gelest Inc. opened its new research & development center and pilot laboratory in Morrisville, PA, which will help the company to increase its production capacity and subsequently to occupy the regional market. This was necessitated by the rising demand for silicone & metal-organic molecules and specialty silanes used in a number of applications.
 

In January 2018, Dow Corning announced that it will transition its high performance building silicone products to the new Dowsil brand beginning in February. This move will enable the company to grab more customers from construction business. Other major players in the silanes market 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, Gantrade Corporation, Qufu Chenguang Chemical, and Chengdu Taiyu Industrial Gases.