Silanes Market Size

Silanes Market Size

Silanes Market size was USD 2.37 billion in 2020 and will exhibit a 7.8% CAGR from 2021 to 2027. Rising product demand from the electronics industry has stimulated the demand for organofunctional silanes, especially in the developed nations of North America and Europe.

Silanes are largely used in the production of elemental silicones, which act as a key component in Printed Circuit Boards (PCBs), semiconductors, electronic chips, light-emitting diodes, etc. They are also an essential precursor of high purity solar-grade silicon. Shifting focus on electricity generation by renewable sources has triggered the demand for solar panels to generate solar energy, which will subsequently augment the silanes market share by 2027.

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Silanes also known as silicon hydride are used as coupling agents in fiberglass & mineral wool, which are widely applicable as insulation materials across several end-user industries such as construction, paints & coatings, automotive, etc. Silanes establish a durable bond by joining organic and inorganic materials to integrate bulk attributes of different phases into an invariable structure to produce heterogeneous environments.

Organofunctional silanes cover several long-chain silanes, which are mainly used for the pre-treatment of metals to enhance the adhesion of paints and bridge the interface between dissimilar materials. The rising construction industry in the emerging economies will have a positive influence on the paints & coatings industry.

Generally, on an industrial scale, silane is produced by the reaction of hydrogen chloride with magnesium silicide. Silanes have an extensive application in various end-use industries such as chemical, construction, automotive, rubber processing, plastic packaging, electrical & electronics, pharmaceuticals, etc. It is a volatile, flammable, and toxic substance that incurs a lot of safety standards from regulating bodies such as FDA, NFPA, EPA, European Union, etc. A set of precautionary standards have been led down according to the Globally Harmonized System (GHS) to minimize any type of mis-happenings due to silanes.

The increasing adoption of paper-based packaging material as an alternative to plastic packaging might hamper the packaging segment growth. Silanes are used as an additive in plastic packaging to enhance product functionality. Recyclability, eco-friendliness, and biodegradability concerns of silicon might hamper product demand in the packaging sector. Product innovation and rising R&D expenditures by prominent players will offer new opportunities for the silanes market in the near future.

The worldwide COVID-19 crisis has severely impacted the silanes market outlook. Lockdown and quarantine measures applied to combat multiple waves of the COVID-19 infection have limited the production and supply of silanes. Many producers have suspended or reduced their production capacity, hampering the industry demand.

Demand for silanes suffered due to trade restrictions, lowering demand for end products and slow business activities. The efficiency of the value chain highly depends on logistics and supply chain partners. With a low supply of raw materials, the growth rate declined during the period. However ramping vaccination campaigns across the globe will restore the demand and supply gap in the near future.