The silane market is projected to reach $2,047.0 million by 2023
New York, NY -- (SBWIRE) -- 08/09/2018 -- Silane is an inorganic compound with four substituent groups that are attached to the central silicon atom. In the field of chemistry, silane is denoted by the formula SiH4. According to a new research report by P&S Intelligence, the global silane market size is projected to grow at steady rate during the forecast period. The market is anticipated to grow on account of the increasing demand for the chemical from end users such as the automotive and construction industries.
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Conventional paint and coating products are ineffective in terms of anti-corrosion properties and durability. This problem is being addressed with the use of silane for the manufacturing of paints and coatings. Silane acts as an adhesion promoter, a crosslinking agent, and a pigment-treating agent in coatings. It also improves the UV resistance, adhesion, water and chemical resistance, and pigment and filler dispersion of coatings. Silane-treated paints display enhanced performance as compared to conventional paints.
The use of silane in paint and coating products provides better protection to the substrate against harsh weather and other environmental effects. The demand for silane for paints and coatings is mainly driven by the growing use of paints and coatings in the construction and automobile industries. Thus, the growing application of silane in the paint and coating industry is further expected to drive its market in the coming years.
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Globally, North America is the second-largest market for silane, in terms of both value and volume. It accounted for the sale of 106,544.3 metric tons of silane in the market in 2017. The U.S. and Canada are advanced nations with high per capita income. High per capita income continues to encourage the sale of automobiles in these countries. Besides, the U.S. is one of the largest construction markets in the world. The large-scale construction and automobile industries in North America continue to generate the demand for paints and coatings in which silane is widely used as a coupling agent. As a result, the demand for silane in the region is expected to rise during the forecast period.
Some of the major players operating in the global silane market are Shin-Etsu Chemical Co. Ltd., Gelest Inc., Wacker Chemie AG, Evonik Industries AG, Nanjing Shuguang Chemical Group Co. Ltd., Jingzhou Jianghan Fine Chemical Co. Ltd., DowDuPont Inc., NEOCHEMA GmbH, SiSiB SILICONES and Hubei Wuda Organic Silicon New Material Co. Ltd.
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