Sellbyville, DE -- (SBWIRE) -- 03/07/2019 -- North America silane market size was valued close to USD 500 million in 2017. It is mainly due to strong electronics industry growth which is due to strong R&D initiatives by the key players as product is widely used as a key component of semiconductors, circuit boards, electronic chips, photovoltaic cells, etc.

North America silane market size was valued close to USD 500 million in 2017. It is mainly due to strong electronics industry growth which is due to strong R&D initiatives by the key players as product is widely used as a key component of semiconductors, circuit boards, electronic chips, photovoltaic cells, etc. Product is highly preferred in the production of solar cells for the solar energy power generation mainly in the U.S., as the country has technical expertise, environmental conditions, and technology. The region has world's largest solar installations, which will be a major contributor to solar energy generation and henceforth in driving product demand, which will have positive impact on the silane market size by 2024.

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According to a report compiled to predict the dominating trend for global construction by 2030, it was noted that U.S., China and India would be the leading countries that world impart a major boost to the global construction industry. It is anticipated that by 2030 the global construction output will grow almost by 85% and generate almost $15.5 trillion in terms of revenue with the three leading countries accounting for 57% of the total growth. The U.S. construction market is expected to expand faster than the China construction market with an annual growth rate of 5% and the former will overtake the latter within the next 15 years.

Product is widely used in producing silicones, which are used in the electronics industry, as a key component of solar grade silicon which require high purity. Additionally, product also finds application in various other electronic components such as semiconductor, electronic chips, printed circuit boards, light emitting diodes, etc., which will help attain growth parameters for silane market size by 2024.

Silane also finds application in the manufacturing of solar cells and considering the booming solar energy industry in North America and Europe, it is anticipated that the silane market will register major growth trends through the deployment of increased solar power application in the two regions. Notably, the global solar photovoltaic capacity, which was 5 GW in 2005, has increased to 306.5 GW in 2016 with Germany alone having installed 41.3 GW of solar PV. In 2016, the solar PV market in the U.S. has been estimated to have worth $4.7 billion with solar technologies being heavily funded and the Solar Investment Tax Credit adding to the incentives of investing in solar power expansion.

Silane Market, Type by Application

o Halosilane/hydride functional silane

o Organofunctional silane

- Fiber glass & mineral wool
- Paints & coatings
- Polyolefin compounds
- Adhesives & sealants
- Sol-gel system
- Fillers & pigments
- Foundry & foundry resin
- Silicones
- Others

Shifting focus towards paper packaging materials as opposed to plastic packaging materials due to rising regulations and compliance against plastic is probable to hamper the global silane market growth by 2024. However, extensive product use across several end-user industries such as automotive, construction, paints & coatings, packaging, etc. will generate enough opportunities for silane market size by 2024.

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Based on application, the silane market size for adhesives & sealants contributed close to 15% of the overall industry share in 2017. Product is extensively used in adhesives & sealants to improve the adhesiveness of the end-product. Sealants serve dual purpose which includes preventing the passage of water, air and chemical through a zone where applied and as an adhesion to the surface. Silane can form durable bonds in metal, glass, ceramic and other surfaces. Therefore, these types of sealants are used in a range of industries including aerospace, automotive, construction, etc. Furthermore, product also finds application in foundry & foundry resin in achieving the necessary strength at relatively low content of binder.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Evonik
2. ONICHEM EUROPE LIMITED
3. Dow Corning (China) Co. Ltd
4. Nanjing Union Silicon Chemical Co,ltd
5. Momentive
6. Nanjing Shuguang Chemical Group Co., Ltd.
7. Gantrade
8. Qufu Chenguang Chemical Co. Ltd.
9. Air Liquide
10. Gelest
11. Shin-Etsu
12. Silar Laboratories
13. Shandong Wanda Organosilicon New Material Co., Ltd.
14. Chengdu Taiyu Industrial Gases Co., Ltd.
15. TCI - Tokyo Chemical Industry

Silane market size for organofunctional silane is projected to witness gains of more than 7.5% in the coming years. Organofunctional silane are compounds with Si-C bond and are mainly used as coupling agents to promote the adhesion of organic matrices to inorganic substrates. These products find extensive applications in the form of adhesives, sealants, fillers, pigments, sol-gel system, foundry resin, silicones, etc. for various end-user industries including paints & coatings, construction, electronics, automotive, packaging, plastics, rubber, etc.

For instance, product form permanent chemical bonds and therefore work as a molecular bridge between inorganic and organic elements which not only improve but create new functionalities. Therefore, it is used in kaolin, clay, talc, mica, or quartz which are widely used as fillers in the thermoplastic or rubber composite industry. These trends will augment product demand which will help generate higher gains to the silane market size by 2024.

The major silane market share companies are Dow Corning, Evonik Industries, ONICHEM, Tokyo Chemical Industry, Air Liquide, Momentive Performance Materials and Gantrade Corporation. Few of these market players are making substantial investment to boost the overall production to capture the regional market share. For example, Momentive Performance Materials has recently opened a new NXT silane production plant in the Leverkusen Chempark, with an objective to double the silane production in Europe.

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