Global Silicone and Silanes Market is Predicted to Value Over USD 23 Million by 2026 End

  • 01 Jul 2019

Global Silicone and Silanes Market is predicted to value over USD 23 million by 2026 end and grow at a CAGR of over 5% during the forecast period of 2019 to 2026.  

Market Introduction:
Silicones are polymers that are made up of repeating siloxane units. Silanes consist of silicon and hydrogen and they exhibit superior reducing properties. Silicone and Silanes are used in a variety of industries like aerospace, healthcare, personal care, construction, electronics and transportation.

Market Drivers and Restraints:
The silicone and silanes have excellent insulation and stable temperature and these properties have increased their demand in industries like electronics and semiconductor industry. Additionally, industries like automotive, medical and chemical & process technology too require a huge amount of silicone and silanes due to their ability to change or adjust resistivity requirements which makes them extremely flexible to be utilized in these industries. These are some of the factors that are driving the market. Silicones and silanes are primarily used in the manufacturing of packaging plastic and using paper instead of silicones and silanes can hamper market growth. 

Insights on Global Silicone and Silanes Market:
1.    By Region

•    Asia Pacific
•    North America
•    Europe
•    Middle East & Africa
•    Latin America

The Asia Pacific region accounted for a share of around 45% in 2017 and it will continue to progress in the market during the forecast period. A rise in electronic exports, an expansion of the automotive industry are some of the key factors responsible for the rapid market growth of this region. On the other hand, the European silanes and silicone market is predicted to witness a moderate growth rate during the forecast period. 

2.    By Type
•    Silicone
o    Rubber
•    Room Temperature Vulcanizing (RTV)-1
•    Room temperature Vulcanizing (RTV)-2
•    Tin-Based System
•    Platinum-Based System
o    Sealant
•    Sanitary Silicone
•    Glazing Silicone
•    Frame Sealant Silicone
•    Neutral Cure Silicone
•    Food safe Silicone
•    High Temperature Silicone
•    Aquarium Silicone
•    Silanes
o    Mono/Chloro Silane
o    Vinyl Silane
o    Sulphur Silane
o    Amino Silane
o    Alkyl Silane
o    Epoxy Silane
o    Methacryloxy Silane
The mono/chloro silane segment holds the largest global market share of around 27%. The primary reason for the segment market growth is the rise in demand for mono silanes in the semiconductor industry as it obtains high-purity silicon. Additionally, this high-purity silicon is used for fabricating rectifiers for using it in high-voltage applications. These are the factors that drive forward this market segment. 

3.    By Application
•    Silicone
o    Construction Materials
o    Industrial processes
o    Consumer care
o    Electronics
o    Healthcare
o    Energy
•    Silane
o    Paints & Coatings
o    Rubber & Plastics
o    Fibre treatment
o    Adhesives & Sealants

Considering the silane applications, the paints & coatings segment dominates the market. It held a global market share of 31.3% in 2017 and is likely to increase its market share during the forecast period. Another market driving factor for this segment is the demand that it possesses in the construction industry which will surely help the paints & coatings segment grow significantly during the forecast period. 

With respect to the silicone applications, the construction segment dominates the market owing to the rise in the demand for residential as well as commercial projects and this trend will continue during the forecast period. 

Competitive Landscape:
•    BASF SE
•    ICM Products Inc.
•    Evonik Industries
•    Kaneka Corp.
•    Emerald Performance Materials
•    MPM Holdings
•    Shin-Etsu Chemical Co. Ltd.

BASF launched two new sealants, Masterseal NP 430 and Masterseal CR 435 that will be primarily used for moisture ingression and stopping water leakages. This can be used on various structures like parking decks, stadiums and bridges as these structures are consistently exposed to abrasive conditions. 

Last year, Evonik collaborated with Chinese company Wynca on a 60-40 market share basis for producing fumes silica under the name AEROSIL. This is used in paints and coatings, transparent silicones, non-combustible high-performance insulation materials and modern adhesives. The joint venture will be called Evonik Wynca Silicon Material CO. Ltd and they are going to set up a production facility at Zhenjiang in China. Such joint ventures will surely help Evonik strengthen their brand position and therefore they will perform well during the forecast period. 

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 


Objectives of the Study:
•    To provide with an exhaustive analysis on the global silicones and silanes market by region, by type, by application
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)— Asia Pacific, North America, Europe, Middle East & Africa and Latin America
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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