The expanding automotive and construction domains are contributing to the growth of the silane sector. Advantages of silane include UV resistance, chemical and water resistance, and superior adhesion. The limitations of conventional paints and coatings are overcome using silane, as it acts as a pigment-treating, crosslinking agent, and adhesion promoter. This is why the automotive and construction domains are preferring silane-treated paints and coatings over traditional ones.
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Paints and coatings dominated the silane market in 2017, with more than 30.0% volume share. Silane is widely used as a raw material in the production of anti-corrosion coatings. These coatings are used in buildings, automobiles, industrial machinery, and electronics. Hence, the growing usage of paints and coatings in these industries is expected to boost the silane market growth in the coming years.
Water-based coatings are increasingly being bought by end users as these last longer in poorly ventilated areas and confined spaces and also because of their environmental-friendly nature, which is why these are preferred in the printing domain. Apart from paints and coatings, silane is also used extensively in the production of rubber that is used in manufacturing tires. Silane-fortified rubber offers reduced fuel consumption, and superior traction and longevity. Therefore, the silane sector is expected to grow owing to the increasing use of silane-based products in various end-use domains.
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Globally, APAC held the largest share in the silane market during the historical period, contributing more than 50.0% share in terms of volume in 2017. The market in the region is expected to grow at a significant rate in the coming years, on account of the presence of fast-growing economies such as China, India, and Japan, which are generating high demand for the chemical for the manufacturing of paints and coatings, and rubber and plastics. The silane market in the region is also expected to grow on account of the increased demand for the chemical in the automotive and construction industries.
126.96.36.199 Growing merger and acquisition activities
188.8.131.52 Expanding automotive industry
184.108.40.206 Growing application of silane in the paint and coating industry
220.127.116.11 Rising demand for water-based coatings
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Growing focus on environment-friendly packaging
126.96.36.199 Impact analysis of restraints on market forecast
188.8.131.52 Rising standard of living in developing countries