From $1.14 billion in 2020, the global Silane Coupling Agents market is projected to reach $2.03 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 7.5% from 2020 - 2028 timeframe.
Some of the prominent trends that the market is witnessing include, emerging applications in pharmaceutical & healthcare industries, rising demand for water–based coating formulation and increasing demand from developing countries.
Global Silane Coupling Agents Market: Market Dynamics
Silane coupling agents are utilized in paints and coatings to enhance the adhesion. They are primarily used for promotion of adhesion as well as enhancing the properties of paints with scratch resistant and corrosion resistant properties. Paints & coatings find a wide broad spectrum of applications in major end-use industries such as aerospace, automotive and construction. In the building and construction industry, paints and coatings are utilized to boost the visual appeal of the structure. The rise in the building and construction industry with the increasing residential and non-residential construction across the globe has fueled the demand for paints and coatings.
For instance, according to the US Census Bureau, around 25% of the overall construction spending in the US was spent on non-residential construction. Moreover, the increasing construction and infrastructure activities in developed and developing economies in Asia-Pacific, such as India, China, Thailand, and Malaysia, due to rapid urbanization and industrialization is projected to propel the demand for silane coupling agents.
On the other hand, the decline in demand for plastic packaging is likely to obstruct the profit boundaries. In addition, increasing initiatives on fuel efficiency and regulation compliance will further boost for the silane coupling agents market.
Impact of COVID-19 on Silane Coupling Agents
The global silane coupling agents market is expected to witness a decline in its growth rate, as the energy & chemical, automotive and building & construction industries are badly hit by the Covid-19 pandemic. The pandemic has affected all of material, labor, and key cost components of construction projects. The pandemic has led to the halt in production in several silane coupling agent-producing countries that are under lockdown. All these factors have collectively led to disruption in the supply chain of the silane coupling agent market.
By End User
Energy & Chemical Segment Dominate the Market in 2020
The energy &chemical segment made huge revenue in 2020 and growing its prominence during the forecast period. The energy & chemical industry mainly uses silane coupling agents for improving the transparency and enhancing the viscosity during processes such as kneading and mixing. In the development business, silane coupling agents are frequently used to enhance the sturdiness and quality of building, structures which is one of the key factors for its growth.
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period. The rise in the population and the disposable incomes in this region are major factors driving the automotive industry, which is expected propel the coupling agent market during the forecast period.
List of the Key Players Profiled in the Market Include:
• 3M • Advanced Polymer Inc. • China National Bluestar Co. Ltd. • Dow Corning • Evonik • Gelest • Hexpol Compounding • Hexpol Compounding • Huangshan KBR New Material • Momentive • Rayton Chemicals • Shin-Etsu Silicones • Struktol • Tianjin Shengbin Chemical Engineering • WD Silicone
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
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175 pages •
By The Business Research Company
• Aug 2021
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Paint And Coating
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