Silanes Market Forecasted to Reach USD 3.9 Billion by 2027, at a CAGR of 6.2%
The global Silanes market size is approximated to be USD 2.9 billion in 2022, and it is projected to reach USD 3.9 billion by 2027 at a CAGR of 6.2%. Silanes, also known as silicon hydrides, are compounds formed by covalent bonds between hydrogen and silica. Silanes are manufactured by reacting magnesium silicide with acids or by reducing silicon chlorides with lithium aluminum hydride. Silanes mainly function as coupling agents and surface modifiers. They are available in two types: functional and non-functional groups. The ability of functional silanes to react with inorganic and organic materials and that of non-functional with inorganic materials makes them useful in applications such as crosslinking agents, adhesion promoters, surface modifiers, coupling agents, and dispersing agents. Silanes act as an important part of the rubber & plastics sector, especially the tire industry. The major applications of silanes also include fiber treatment, adhesives & sealants, and paints & coatings.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=202415042
The demand for silanes is mainly furnished by three major sectors that is rubber & plastics, fiber treatment and adhesive & sealants. Some of the leading companies involved in the manufacturing of silanes are Evonik Industries (Germany), Shin-Etsu Chemical Co. Ltd (Japan), Momentive Performance Materials Holdings LLC (US), Dow Inc. (US), Wacker Chemie AG (Germany), Gelest Inc. (US), China National BlueStar (Group) Co. Ltd. (China), WD Silicone Co. Ltd. (China), Jingzhou Jianghan Fine Chemical Co. Ltd. (China), and Nanjing Shuguang Chemical Group Co. Ltd. (China).
Evonik Industries (Germany), deals in various segments, such as smart materials, specialty additives, nutrition & care, performance materials, and technology & infrastructure. The company’s smart materials has covered the largest market share. The company manufactures and sells silanes through the smart materials business segment. The company’s inorganic materials & coatings business unit manufactures silanes and serves various end-use industries such as electronics, construction, tire, and fiber optics.
Shin-Etsu Chemical Co. Ltd (Japan), operates through four business segments — infrastructure materials, electronics materials, functional materials, and processing & specialized services. The company manufactures silanes through the functional materials segment. Functional materials segment. Company manufacture silanes, which find use in a wide range of applications, ranging from thermosetting resins, primers, and paints to electronics and resin modifiers. It has a presence in Japan, Europe, Asia-Pacific, South America, and North America.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=202415042
Momentive Performance Materials Holdings LLC (US), engages in the production and commercialization of silanes. It operates business through two subsidiaries, namely, Momentive Specialty Chemicals and Momentive Performance Materials Inc. The company develops and manufactures silicones, ceramic materials, and fused quartz. The company offers silanes, specialty silicones, and urethane additives to serve end-use industries such as building & construction, automotive, aerospace, electronics, and medical.
Read Our Trending Press Release Below:
Flow Chemistry Market– Global Forecast to 2028
Electrical Conduit Market – Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/silanes-market-202415042.html
