DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Silanes Market by Type (Functional Silanes (Sulfur, Vinyl, Amino, Epoxy, Methacryloxy), Application (Rubber & Plastics, Fiber Treatment, Adhesives & Sealants, Paints & Coatings)), and Region - Global Forecast to 2021" report to their offering.
The global silanes market is projected to reach USD 1.83 billion by 2021, at a CAGR of 5.7% between 2016 and 2021
Increasing focus on fuel efficiency and regulatory compliances as well as growing automotive and building & construction industries act as the key driving factors for the growth of the global silanes market. However, low growth in European economy and growing demand for paper packaging materials act as a restraint to the growth of the market.
Rubber & plastics was the largest application of silanes in 2015, and is projected to be the fastest-growing segment during the forecast period, backed by the growth of the automotive industry. The growth of automotive industry in China, India, and the U.S. is driving the green tires market. The increasing awareness about green tires, as a result of stringent regulations on fuel efficiency and carbon dioxide emission in developed countries, is leading to an increase in their demand. The rubber & plastics application segment contributed almost one-third of the overall silanes market in 2015.
Functional silanes accounted for the largest share of the silanes market by type in 2015, in terms of volume. These silanes contain alkyl, aryl, or functional group at one end and methoxy, ethoxy, or acetoxy group at the other end. Functional silanes have key applications in rubber & plastics, fiber treatment, adhesives & sealants, and paints & coatings. The growing end-use industries such as automotive and building & construction are expected to drive the functional silanes market.
The demand for these silanes is expected to be driven by the increasing automotive sales in China, India, and the recovering demand in the U.S. Economic growth, industrialization, and increasing per capita income are expected to drive the automotive and building & construction industries in China and India, whereas in the U.S., recovering economy and employment rate will drive these industries.
- Increasing Focus on Fuel Efficiency and Regulatory Compliance
- Growing Automotive and Building & Construction Industries
- Rising Demand for Water-Based Coating Formulation
- Low Growth in European Economies
- Growing Demand for Paper Packaging and Other Environment-Friendly Packaging Materials
- Emerging Applications in Pharmaceutical and Cosmetics Industries
- Rapidly Expanding Economies in Asia-Pacific
- High Cost of Production
- China National Bluestar (Group) Co. Ltd.
- DOW Corning Corporation
- Evonik Industries
- Gelest Inc.
- Jingzhou Jianghan Fine Chemical Co. Ltd.
- Momentive Performance Materials Holdings LLC
- Nanjing Shuguang Chemical Group Co. Ltd.
- Shin-Etsu Chemical Co. Ltd.
- Wacker Chemie AG
- WD Silicone Co. Ltd.
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