18 September 2018: Silane is a silicon-based compound used as a crosslinking agent, resin additive, coupling agent, and adhesion promoter in several applications. It is used as a water scavenger and adhesion promoter to enhance temperature, chemical, and moisture resistance. Coatings manufactured using the product display improved filler dispersion, flow behavior, and pigment dispersion.
Paints and Coatings to Remain Prominent Application Segment through 2025
Key applications of silane include rubber and plastics, adhesive and sealants, paints and coatings, and fiber treatment. Among these, demand for silane in the manufacturing of paints and coatings is expected to remain upbeat through 2025. The product is extensively used in the production of automotive coatings, marine coatings, aircraft coatings, anti-corrosion coatings, interior & exterior decorative coatings, and emulsion paints. These paints and coatings find applications in automotive, building and construction, electronics, and industrial machinery. Thus, robust growth of these end-user industries is anticipated to fuel the demand for silane.
Increasing investments in infrastructure development in emerging economies are contributing to the growth of the segment. Rising environmental concerns are driving the demand for water-based paints and coatings, thereby creating a staggering volume of demand for silane. The product is also widely used in adhesives and sealants. Its usage improves strength and long-term stability of adhesives.
Besides the aforementioned verticals, continual research and development activities are opening new areas of application of silane, which is estimated to stir up its demand in other sectors. To put this in perspective, in March 2017, a team of researchers from Argonne National Laboratory developed a sponge-like material that can facilitate cleanup of oil spill sites. This sponge is coated with silane molecules and is reusable in nature.
Market Insights
The global silane market is projected to exhibit a CAGR of 4.3% during the forecast period (2017–2025). With the robust growth of the automotive industry worldwide, the global silane market is likely to rake in a healthy share of the revenue pie. Silane is used in automotive rubber to enhance some of its properties such as rolling resistance, compression, abrasion resistance, and compound modulus. In addition, emergence of green tires can provide a boost to the market.
According to a report by Grand View Research Inc., Asia Pacific will remain at the forefront of growth throughout the forecast horizon. Rapid infrastructure development along with expansion in the construction industry is supplementing the growth of the regional market. Some of the prominent players in the market are Gelest, Inc.; Shin-Etsu Chemical Co. Ltd.; Evonik Industries; Wacker Chemie AG; and Dow Corning.
In-Depth Research Report On Silane Market:
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