Silanes Market

The global silanes market size is projected to grow from USD 3.62 billion in 2024 to USD 5.20 billion by 2029, at a CAGR of 7.5% during the forecast period. Silanes are compounds of silicon and hydrogen through covalent bonds, which are known as silicon hydrides. They are produced by the reaction of magnesium silicide with acids or by reduction of silicon chlorides using lithium aluminum hydride. Silanes are available in two forms with functional or non-functional groups and act as modifiers and coupling agents. The functional silanes are effective where reaction with both inorganic and organic substances is required, and the non-functional silanes are effective where there is no organic substance but only inorganic materials are used for various applications such as crosslinking agents, adhesion promoters, surface modifiers, coupling agents, and dispersing agents. Silanes are an important part of the rubber & plastics sector, especially the tire industry. The major applications of silanes also include fiber treatment, adhesives & sealants, and paints & coatings.

A few of the major players are Evonik Industries AG (Germany), Shin-Etsu chemical Co., LTD. (Japan), KCC Corporation (South Korea), Dow (US), Waker Chemie AG (Germany), Gelest, Inc. (US), W WD Silicon Co., LTD (China), Nanjing Shuguang Chemical Group Co., Ltd. (China) and others. These players have implemented various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to enhance their market shares and boost their product portfolios.

Shin-Etsu Chemical Co Ltd (Japan) is a chemical company primarily engaged in production and distribution of synthetic resins and other chemical products. The company operates in four business segments namely infrastructure materials, electronics materials, functional materials, processing & specialized services. Shin-Etsu produces and sells silanes through its Functional Materials business segment. The company produces a wide range of products, including synthetic resins, polyvinyl alcohol, synthetic pheromones, rare-earth magnets, photoresists, and photomask blanks. Shin-Etsu has a global footprint, with operations spanning Asia Pacific, Europe, North America, and South America.

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KCC Corporation, (South Korea) manufactures multifunctional green construction materials that play a crucial role in enhancing the durability and energy efficiency of buildings. The company's product offerings cater to various industries, including construction, shipbuilding, automotive, electronics, and other industrial sectors. KCC's interior and exterior building materials are designed to extend the lifespan of structures, while high-performance products such as advanced heat-insulating materials, windows, and glass significantly contribute to improving energy efficiency. With a global footprint, KCC operates 35 subsidiaries in 12 countries and has 42 Momentive subsidiaries across 20 countries.

DOW, (US) is a American corporation with an extensive portfolio. business segments are divided into four categories: safety and industrial, transportation and electronics, healthcare, and consumer. 3M serves customers across a diverse array of industries, including automotive, electronics, healthcare, safety, energy, and consumer goods. The company has adopted the expansion strategy majorly to increase its global presence and expand the business. The company have a operations in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

The companies have initiated the following developments:

• In April 2024, Shin-Etsu Chemical Co., Ltd announced the acquisition of Setex Technologies, Inc. that provides materials with strong friction and adhesion properties.
• In May 2024, Shin-Etsu Chemical Co., Ltd. announced the establishment of a new company, Shin-Etsu Silicone (Pinghu) Co., Ltd., in Zhejiang Province, China
• In May 2024, KCC Corporation announced the acquisition of Momentive Performance Materials, a global leader in high-performance silicones and specialty solutions.
• In November 2023, Evonik announced plans to expand by constructing a new plant at its Weston, Michigan site, with total capital spending projected at USD 7.9 million for 2023 and 2024.
• In August 2023, Evonik expanded its rubber silanes production capacity at its joint venture plant, Evonik Lanxing (Rizhao) Chemical Industrial Co., Ltd., (China).
• In February 2022, Shin-Etsu Chemical Co., Ltd. announced the investment of USD 612 million (YEN 60 Billions) in facility investments for its silicones business.

Related Reports:

Silanes Market by Type (Functional Silanes & Mono/Chloro Silanes), Application (Rubber & Plastic, Fiber Treatment, Adhesive & Sealants, Paints & Coatings) End-Use (Building & Constructions, Electrical & Electronics, Automotive) - Global Forecast to 2029

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