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Report Code: CM11026
Category : Specialty Chemicals
Silanes are homologues of saturated carbon-hydrogen compounds (alkanes). They are made of silicon and hydrogen, are unstable and are therefore, produced in the absence of oxygen. Silanes consist of one or more silicon atoms linked to each other, or one or more atoms of other chemical elements as the tetrahedral centers of multiple single bonds. The basic raw materials used in the production of silanes are silicone metal and methanol. Major applications include rubber and plastics, fiber treatment, adhesives and sealants, and paint and coatings. Methylsilanes, silanols and chlorosilanes are some of the major types of silanes.
Anticorrosion properties allow them to be used as a protective coating in a wide range of applications such as erosion/corrosion protection coatings, microbiological corrosion protection, making them ideal for automotive paints. Increasing demand from the automobile industry is expected to remain a key driver for growth of silanes market during the forecast period. Moreover, these materials can be used adhesion promotors, coupling agents, crosslinking agents, dispersing agents, and surface modifiers.
The global silanes market is expected to witness significant growth during the forecast period (2017-2023) owing to factors such as rising demand of green tires, rise in automotive sales, growing water-based coating formulation and increasing focus on fuel efficiency. Based on type, the mono/chloro segment is projected to have the highest growth during the forecast period. Based on application, the rubber and plastics is expected to generate the highest revenue in the global market.
The key trend observed in the global silanes market include the recent developments in fuel-efficient technologies and lowering carbon dioxide emissions. Major companies in the tire industry are investing heavily on research and development (R&D) activities focusing on developing fuel-efficient technologies such as green tires. Such trend is expected to propel the demand for silanes from automotive industry at a significant level.
The global silanes market is driven by factors such as the increasing awareness towards road safety, improved fuel efficiency and low environmental impact vehicles. The increasing number of pharmaceuticals industry and rising demand for high-quality personal care products is expected to further spur the growth of global market during the forecast period. Technological developments and government regulations on implementation of conventional sources of energy such as photovoltaics would also propel the growth of global market during the forecast period.
Emerging nations such as China, India and Brazil are expected to witness high growth in the global silanes market during the forecast period due to the high demand from rubber and plastics, fiber treatment, adhesives and sealants, paints and coatings industry.
The inability to withstand static pressure in paints and coatings industry is expected to hinder the growth of global market during the forecast period. Additionally, low economic growth in Europe, and growing demand for paper packaging and other environment-friendly packaging materials is expected to further hamper the growth of global silanes market during the forecast period.
The key companies operating under this market are Evonik Industries, Dow Corning Corporation, Momentive, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, China National Bluestar (Group) Co, Ltd, Nanjing Union Silicon Chemical CO., Ltd, Air Products and Chemicals, Inc., Yingde Gases Group Company Limited and Fujian Norcy New Material Technology Co. Ltd.