Silanes Market

Evonik Industries AG (Germany) and Shin-Etsu Chemicals Co., Ltd. (Japan) are the leading players in the Silanes Market

The global silanes market is projected to reach USD 1.83 Billion by 2021, at a CAGR of 5.7% from 2016 to 2021. Silanes mainly find applications in rubber & plastics, fiber treatment, paints & coatings, and adhesives & sealants. The rapidly growing automotive industry, along with the increasing demand for high performance green tires, is driving the silanes market. Rising number of industrial applications of silanes and new applications in the cosmetics and pharmaceutical industries are expected to create opportunities in the future.

Expansions and new product developments are projected to drive the silanes market, along with the increasing demand from various end-use industries such as automotive and building & construction, in the next five years. Expansion was the key strategy adopted by major players to enhance their growth in the silanes market between 2012 and 2016. This strategy accounted for a major share of all development strategies adopted by leading players during the above mentioned time period. Key players operating in the global silanes market include Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Evonik Industries AG (Germany), Shin-Etsu Chemicals Co., Ltd. (Japan), and China National BlueStar (Group) Co., Ltd. (China), among others.

Besides expansions, companies have also adopted the strategies of new product launches and mergers & acquisitions to expand their product portfolio and distribution network.

Evonik’s strategy is to attain profitability and create sustained value. The company, as a part of its expansion strategy, is planning to tap new and growing applications areas across key end-use industries. The company has expanded its silanes plant capacity in North America as well as in other countries such as Germany, Brazil, and China. It focuses on developing innovative products and technologies and better positioning of its products globally to capitalize on the emerging markets.

Shin-Etsu Chemical Co. Ltd is financially strong and is continuously investing in R&D, especially in the silanes division. This increases the manufacturing of innovative products to cater the rising demand. The emerging markets of silanes owing to its wide range of applications will help the company gain profitability. The company plans to create a competitive advantage through the strategy of R&D. Apart from this, the capacity expansion in Thailand by 2017 will double the production capabilities of silicon monomer, which is used to manufacture silanes.

In August 2016, Momentive Performance Materials Inc. expanded its NXT silanes production capacity in Germany. This increased capacity will assure better supply of NXT silanes to the global automotive industry, especially to tire manufacturing companies. The company focuses on better positioning of its silanes business globally to capitalize on growing markets through development of innovative technologies. The company focuses on growth opportunities in key markets such as North America and Europe, as well as in emerging economies of Asia-Pacific such as China and India. The company is focusing on creating a strong consumer base in the existing markets, as well as increasing its reach to the untapped markets of Asia-Pacific and South America.

Related Reports:

Silanes Market by Type (Functional Silanes (Sulfur, Vinyl, Amino, Epoxy, Methacryloxy), Application (Rubber & Plastics, Fiber Treatment, Adhesives & Sealants, Paints & Coatings)), and Region - Global Forecast to 2021

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Silanes Market Size,  Share & Growth Report
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