Sep 29, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Silanes Market.
It was estimated prior to this unanticipated outbreak that the Silanes Market was expected to grow at a CAGR of 8.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Silane is basically an inorganic compound which is a colorless, pyrophoric, and toxic gas with a sharp, repulsive smell.
The major factors such as rapid growth in construction industry in the Middle East and Asia-Pacific, shifting preference of consumers towards solar energy, and growing electronic industry are expected to boost the growth of the silanes market during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as halosilanes/hydride functional silanes and organofunctional silanes. Halosilanes/hydride functional silanes are estimated to account for the major share of the market during the forecast period on account of their widespread application in various end-use industries such as, construction, automotive, and electronics.
Based on the application type, the market is segmented as fiberglass & mineral wool, paints & coatings, polyolefin compounds, adhesives & sealants, sol-gel system, fillers & pigments, foundry & foundry resins, silicones, and others. Fiberglass & mineral wool is estimated to witness strong growth in the market during the forecast period owing to the growing product demand in various end-use industries and excellent properties offered by it.
In terms of regions, Asia-Pacific is estimated to be the leading region in the silanes market owing to rapid urbanization and industrialization in the region during the forecast period. Factors such as widespread application of the product as adhesives, sealants, and paints & coatings, increasing R&D activities in the electronic industry, and shifting preference towards unconventional energy sources in emerging economies such as China, India, and Japan are further expected to boost the regional market’s growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Key players operating in the global Silanes market are-
- Air Liquide S.A.
- Dow Corning Corporation
- Evonik Industries AG
- Gantrade Corporation
- Gelest, Inc.
- Momentive Performance Materials Holdings Inc.
- Nanjing Shuguang Chemical Group Co., Ltd.
- Nanjing Union Silicon Chemical Co., Ltd.
- Qufu Chenguang Chemical Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Silanes analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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