Growing Use of Silane Coupling Agents in the Manufacturing of Paints and Coatings is Expected to Boost the Demand and Global Market Growth

Market Overview:

Silane Coupling Agents are used in paints and coatings to enhance the adhesion. They are majorly used for adhesion promotion as well as enhancing the properties of paints such as corrosion resistance and scratch resistance. Paints & coatings find a wide range of applications in major end-use industries such as automotive, construction, and aerospace. In the building and construction industry, paints and coatings are used to enhance the aesthetic appeal of the structure. The growth of the building and construction industry with the rising residential and non-residential construction across the globe has fueled the demand for paints and coatings. Silane Coupling Agents Market is projected to be worth USD 1433.9 million by 2030, registering a CAGR of 4.5% during the forecast period (2021 - 2030). Furthermore, the increasing construction and infrastructure activities in developed and developing economies in Asia-Pacific, such as India, China, Thailand, and Malaysia, due to rapid urbanization and industrialization is projected to propel the demand for Silane Coupling Agents.

Competitive Analysis:

The leading players in the Global Silane Coupling Agents Market are Evonik Industries (Germany), China National Bluestar (China), Nanjing Union Silicon Chemical Co. Ltd. (China), Gelest Inc. (US), Wacker Chemie AG (Germany), DowDuPont (US), Momentive Performance Materials Holdings LLC (US), Shin-Etsu Chemical Co. Ltd. (Japan), Hexpol Compounding (Belgium), 3M (US), Rayton Chemicals (US), Advanced Polymer Inc (US), and Tianjin Shengbin Chemical Engineering (China).

Market Segmentation:

The Global Silane Coupling Agents Market has been segregated on the basis of Product, Application and Region.

By Product, the Global Silicone Market has been categorized into vinyl silane, sulfur silane, epoxy silane, amino silane, and others. The Epoxy Silane Segment is expected to register healthy CAGR owing to its chemical resistant and adhesive properties, which are ideal for a wide range of electronic, optical, and aerospace application.

In addition, the Global Silane Coupling Agents Market is categorized in terms of application into plastics, fiber treatment, adhesives & sealants, paints & coatings, and others. The paints & coatings segment is expected to witness significant growth due to its increasing application in the automotive industry. Paints and coatings offer structural strengthen to the automobiles. For instance, the coating on the surface of a car protects it from corrosion and abrasion. Thus, the growth of the automotive industry is projected to fuel the growth of the paints and coatings segment.

Regional Analysis:         

Asia-Pacific is expected to account for the largest share of the Global Silane Coupling Agents Market due to growth of the end-use industries such as construction and automotive. Growing usage of Silane Coupling Agent in North America for energy applications which includes development of hybrid materials used in sealed off resins in solar panels and wind power assemblies are projected to boost the segmental growth of the market during the review period.

Read More Article Details - Silane Coupling Agents Market