Global Silane Market Driven by Rising Demand for Paints & Coatings Forecast Period 2022-2027 – Bloomingprairieonline – 71Bait

Expert Market Research’s new report titled, Global Silane Market Report and Forecast 2022-2027 provides an in-depth analysis of the global silane market and evaluates the market based on its segments such as source, application and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.

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Key highlights of the report include:

Market overview (2017-2027)

  • Historical market size (2021): $1.06 billion
  • Forecast CAGR (2022-2027): 4%
  • Projected market size (2027): USD 1.3 billion

Increased demand for electronics and coatings is driving the silane sector. Rapid urbanization in emerging markets like India and China along with increasing demand for silicate reinforced green tires in the automotive industry are expected to boost the market over the forecast period. The need for highly efficient, solventless and UV curable coatings has increased, leading to more silanes being used in the formulation of solventless coatings. The paints and coatings application segment should benefit from these factors. In addition, the demand for electronic devices and devices is growing rapidly due to technological breakthroughs and increasing urbanization. Silane is a common lithography and processing aid material in the electronics industry and as an insulating layer in semiconductor devices. In the years to come, these factors are likely to increase silane consumption in the worldwide electronics and semiconductor application area.

main segments in the market

Silane is defined as a silicon-containing compound that has strong reducing properties and is self-flammable in air. The compound contains hydrogen and silicon and has a boiling point of -112 degrees Celsius and a molecular weight of 32.1 g/mol.

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Based on Source, the market can be segmented into:

  • shark liver
  • vegetables
  • Biosynthetic

By its application, the market can be segmented into:

  • cosmetics
  • meal
  • drug
  • Other

Regional markets include:

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

market trends

The silane market is driven by the increasing demand for paints and varnishes as well as adhesives and sealants in the construction industry. The resurgence of construction activity in developing countries is expected to boost the global silane industry. The increasing use of organofunctional silanes in the thermoplastic composites industry is expected to help the market even more. In addition, rising consumer demand for electronics and communication devices, which increases demand for semiconductors and electronic chips, is expected to boost the growth of the silane industry over the forecast period.

Latest Silane Market News: https://www.expertmarketresearch.com/pressrelease/global-silane-market

Important market participants

The major players in the market are Evonik Industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Dow Inc., Nitrochemie Aschau GmbH, Wacker Chemie AG, others.

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**We at Expert Market Research always strive to bring you the latest information. The figures in the article are only indicative and may differ from the actual report.

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