Silanes Market was valued at USD 1.73 billion in 2019 and is projected to reach USD 2.60 billion by 2027, growing at a CAGR of 5.6 percent from 2020 to 2027. The demand for paper-based packaging is growing due to the rise of e-commerce and the environmental concerns around plastic packaging. E-commerce specifically contributes to the increased demand for container board such as recycled corrugated boxes.
Silanes Market Segmentation
Based on Product, the market is bifurcated based on Functional Silanes and Mono/Chloro Silanes. The market size of Functional Silanes is expected to hold the largest share in the market, while Mono/Chloro Silanes is expected to be the fastest growing segment.
Functional silanes have a wide range of application such as adhering carbon and glass fibers, stabilizing the composite material, applying polycrystalline silicon layers on silicon wafers when manufacturing semiconductors, and other minor functions like water repelling and graffiti control.
The Global Silanes market is segmented based on Application into Coatings and Paints, Sealants and Adhesives, Plastics and Rubbers, Fiber Treatment and Others.
Based on Geography, the Global Silanes market is segmented based on North America, Europe, Asia Pacific, Latin America and Rest of the World. The market was dominated by the Asia Pacific in 2018, with China dominating the market in this region.
Global Silanes Market Competitive Landscape
The “Global Silanes Market” study report offers a valuable insight with an emphasis on global market including some of the major players such Evonik Industries AG; Shin Etsu Chemical Co., Ltd.; Wacker Chemie AG; Momentive Performance Materials, Inc.; and Dow Corning.
Source: Verified Market Research