Silane is an inorganic compound, specifically a pyrophoric, colorless, toxic gas with a repulsive smell, which acts as a precursor to silicon element. Moreover, it has the ability to offer excellent resistance to chemicals, ultraviolet (UV) rays, and water and outstanding adhesion, which make it suitable as an ingredient for paints. Thus, the need for silane has been increasing in recent times in the paints and coatings industry.
Moreover, the requirement for paints and coatings is itself increasing across the world primarily due to the surging production of automobiles in emerging economies, such as India, Brazil, Indonesia, Thailand, and Malaysia. Therefore, the silane market is projected to grow at a CAGR of 4.3% during forecast period. According to P&S Intelligence, the market is expected to generate $2,047.0 million revenue in 2023 as compared to $1,577.9 million in 2017.
The end-use industries are using different types of silanes, such as alkyl, methacrylate, sulfur, vinyl, amino, epoxy, and mono/chloro. Globally, the usage of amino silane is rising rapidly due to its ability to improve the chemical bonding property of resins, which are used in inorganic fillers and reinforcing materials. Moreover, this silane is also widely used in the paints and coatings industry as it reacts well with water and offers better aesthetic and functional properties.
Since vehicle production and construction activities are the widest in the Asia-Pacific (APAC) region, it led the market for silane in the past, and it is expected to witness the same trend in the foreseeable future. This can be ascribed to the high-volume application of the gas in the manufacturing of paints and coatings, adhesives and sealants, and rubber and plastics. In addition, the construction sector in APAC is observing significant growth due to the heavy investments by the governments of the regional countries to deliver affordable housing, which, in turn, boosts the demand for silane.
Thus, the burgeoning consumption of paints and coatings and growing construction sector will propel the adoption of silane in the coming years.
Source: www.psmarketresearch.com
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