Kenneth Research recently added a report on SILANE COUPLING AGENTS MARKET which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that, Europe is the second largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years. In the year 2018, out of the top 10 chemical producing countries in the world, two countries belonged to Europe that generated a sales revenue of 19.1% of the total sales revenue globally. Moreover, the sales of chemicals in Europe grew from 2017 by 2.8% in 2018.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for SILANE COUPLING AGENTS MARKET products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Product Overview
The Silane coupling agents are compounds which can react and result in bond formation with organic and inorganic compounds and whose end molecules have functional groups. The various functional groups are epoxy, vinyl, acryloxy, amino and many other. It enables various functions of silane coupling agent compound to be used in applications, such as resin modification and surface treatment. The ability of forming bonds with organic and inorganic materials, the silane coupling agent is a material of choice that offers improved mechanical strength to a composite material. Silane coupling specialist has brilliant coming about properties, for example, better warmth opposition, water obstruction, enhanced climate capacity and enhanced toughness. Based on above expressed properties, silane coupling agent discovers its acknowledgment in various applications in businesses, for example, substance, car, electrical, vitality and development.
Market Size and Forecast
The global silane coupling agents market is anticipated to expand at a CAGR around 3.8% during 2017-2027. It expected to reach around USD 0.72 Billion by 2027. Silane coupling agents are used across various industries. The great binding properties enable them to be used across various industries such as rubber and plastics, fiber treatment, adhesives and sealants and paints coatings, on the account of their excellent binding properties. They are mainly used to bind two dissimilar surfaces which can be organic or inorganic. They are also used to provide high strength and resistance from abrasion.
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The global silane coupling agents market can be segmented into product type, end-use and by region. Moreover, on the basis of end use it is sub segmented into Chemicals, Electrical, Automotive, Energy and Construction. The chemical industry primarily used silane coupling agents for enhancing transparency and improving viscosity during the process such as mixing and kneading. In the development business, silane coupling agents are regularly used to enhance the sturdiness and quality of building, structures. The automotive segment uses silica-reinforced tyres with relatively high molecular weight, which can bear with the challenging weather conditions.
By region, global silane coupling agents market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific region is projected to be the largest market for coupling agent and is expected to register significant CAGR during the forecast period. The increasing population and the disposable income are major factors driving the automotive industry in Asia-Pacific region, which is expected propel the coupling agent market during the forecast period.
Market Segmentation
Our in-depth analysis segmented the global silane coupling agents market in the following segments:
By Product Type
Vinylsilane
Acryloxy
Epoxysilane
Aminosilane
By End-Use Industry
Chemicals
Electrical
Automotive
Energy
Construction
By Region
The global silane coupling agents market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers and Challenges
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In modern years, there has been an inclination towards the increase in the production and consumption of silane coupling agents. It can be attributed to the rise in application from many end-use industries such as construction, automotive and electrical. Growing demand amongst competitors for silane agent that can be used in energy applications, such as production of highly advanced hybrid materials that can be collaborated with wind power assemblies is one of the factors that are anticipated to fuel the growth in the market. Furthermore, the growing use of silane coupling agent compound for refining dispensability of materials that are inorganic in nature is used as a raw material for the production of hard coated materials.
Key Players
Hexpol Compounding
Dow Corning
3M
Evonik
Rayton Chemicals
Shin-Etsu Silicones
Hexpol Compounding
Gelest
Tianjin Shengbin Chemical Engineering
Advanced Polymer Inc.
China National Bluestar Co. Ltd.
WD Silicon
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