Lucintel forecasts that the paint and coatings segment and the fiber treatment segment will show above average growth during the forecast period from 2017 to 2022.
2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Type Functional silane and mono/chloro silane
Market Segments by End
Use Application Segment
Paint and coatings, rubber and plastics, adhesives and sealants, fiber
treatment and others
Market Segments by Region North America, Europe, Asia Pacific, and the Rest of the World
Top Companies Name Evonik Industries, Dow Corning, Hexion, Shin Etsu, and Wacker Chemie AG
Trend Growth Rate and
CAGR
3.9%
Key Industry Forecast
The global silane market is expected to reach an estimated $1.8 billion by
2022 and it is forecast to grow at a CAGR of 3.9% from 2017 to 2022.
Key Industry Driver
Driver: Increasing demand for green tires, composite materials, and growing
demand for water based coating formulations.
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3. Industry Overview
Market Size
• The global silane market is expected to
reach an estimated $1.8 billion by 2022 and
it is forecast to grow at a CAGR of 3.9%
from 2017 to 2022.
• Emerging trends, which have a direct impact
on the dynamics of the silane industry, include
increasing demand for silane for smart surface
treatment and low VOC emitting process.
Market Size (2022) $1.8 billion
CAGR (2017-22) 3.9%
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Industry Performance : Forecast