In recent years, the demand for silane has increased tremendously in the paints and coatings sector, as it can offer excellent adhesion. Moreover, its high resistance to water, ultraviolet (UV) radiation, and chemicals makes it suitable for paints. Thus, the increasing demand for silane-based paints and coatings from the automobile sector will support the silane market growth in the coming years. The growing automobile production in developing nations, such as Thailand, India, Brazil, Indonesia, and Malaysia, will propel the demand for this chemical in the forecast period.
Another factor driving the silane market growth is the expansion of the construction sector in emerging economies across the globe. The improving living standards, escalating disposable income, and booming population in developing countries have increased the requirement for better housing, transportation, and civic infrastructure. Silane is used as a raw material in the production of paints for buildings. Thus, the development of smart cities, airports, and commercial facilities across the globe will supplement the market growth in the coming years.
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The application segment of the silane market is categorized into paints and coatings, adhesives and sealants, rubber and plastics, fiber treatment, and others. Under this segment, the paints and coatings category is expected to witness the fastest growth in the forecast period. This can be attributed to the high-volume application of silane as a raw material in the manufacturing of paints for the automotive and construction sectors. With the growth of these end-use sectors, the demand for silane is expected to soar in the coming years.
The Asia-Pacific (APAC) region generated the highest revenue for the global silane market in 2017, and it is expected to retain its dominance till 2023. This can be ascribed to the spurring demand for silane-containing products from the construction industry. Hence, the booming construction sector in the emerging economies of India and China will fuel the demand for silane in the coming years. Moreover, the growing application of silane in the production of rubber and plastics, adhesives and sealants, and paints and coatings will augment the market growth in the future.
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