Silanes Market Size, Share, Analysis, Trend and Forecast by 2023

                 Silanes

Silanes are homologues of saturated carbon-hydrogen compounds (alkanes). They are made of silicon and hydrogen, are unstable and are therefore, produced in the absence of oxygen. Silanes market consist of one or more silicon atoms linked to each other, or one or more atoms of other chemical elements as the tetrahedral centers of multiple single bonds.

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Anticorrosion properties allow them to be used as a protective coating in a wide range of applications such as erosion/corrosion protection coatings, microbiological corrosion protection, making them ideal for automotive paints.

The global silanes market is expected to witness significant growth during the forecast period (2017-2023) owing to factors such as rising demand of green tires, rise in automotive sales, growing water-based coating formulation and increasing focus on fuel efficiency.

The key trend observed in the global silanes market include the recent developments in fuel-efficient technologies and lowering carbon dioxide emissions. Major companies in the tire industry are investing heavily on research and development (R&D) activities focusing on developing fuel-efficient technologies such as green tires.

The global silanes market is driven by factors such as the increasing awareness towards road safety, improved fuel efficiency and low environmental impact vehicles. The increasing number of pharmaceuticals industry and rising demand for high-quality personal care products is expected to further spur the growth of global market during the forecast period.

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The key companies operating under this market are Evonik Industries, Dow Corning Corporation, Momentive, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, China National Bluestar (Group) Co, Ltd, Nanjing Union Silicon Chemical CO., Ltd, Air Products and Chemicals, Inc., Yingde Gases Group Company Limited and Fujian Norcy New Material Technology Co. Ltd.

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