Silane Coupling Agents Market by Type (Epoxy, Amino, Vinyl, Acryloxy, Methacryloxy, and Others), Application (Paints and Coatings, Adhesives and Sealants, Rubber and Plastic, Others), End Use (Automotive, Building & Construction, Electrical & Electronics, Energy & Chemicals, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 1.30 billion mark in 2022 and is expected to hit US$ 1.90 billion by 2030, recording a CAGR of 5.3% during the forecast period.
Silane coupling agents market has been significantly growing with higher adoption of in various industrial applications.
Increasing demand for silane coupling agents form various end use industries in emerging economies, growing initiatives on fuel efficiency, and rising demand for water-based coating formulation are some of the major factors driving the growth of the market. The paint and coating segment is expected to pace up with notable demand from various end use industries. Rising disposable income coupled with government initiatives especially in automotive, building and construction has surged the demand for market. Further, adhesives and sealants, rubber and plastic, and other segment is also expected to gain traction during the forecasted year.
Within the report, the market is segmented into type, application, end use, and geography. By type, the market is further segmented into epoxy, amino, vinyl, acryloxy, methacryloxy, and others. On the basis of application, the market is segmented into paints and coatings, adhesives and sealants, rubber and plastic, and others. By end use, the market is categorized into automotive, building & construction, electrical & electronics, energy & chemicals, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Emerging application in healthcare and pharmaceutical industries option has empowered the growth of futuristic innovations.
Silane coupling agents are compounds whose end molecules have functional groups, which can result and react in bind formation with organic and inorganic compounds. Silane coupling agents are used in wide range of application such as automotive, paint and coating, electrical and electronics, and amongst others. Emerging application of silane coupling agents in pharmaceutical and healthcare have posed the growth opportunity for the market. This is attributed by wide application in dental filed for manufacturing of various implants owing to its physical properties of ensuring bonding between the filler particles and the resin matrix. Further, development of next generation antibiotics is also attributing the use of silane coupling agents in pharmaceutical industry.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for silane coupling agents are automotive, building & construction, electrical & electronics, energy & chemicals, and others. Within these industries, building and construction industry is one such industry, wherein the use of silane coupling agents is increasing owing to its utilization in various paint and coating to enhance the aesthetic appearance of construction projects. In addition, increasing infrastructure projects and efforts on revamping and developing construction in developed and developing economies is further attributing the growth of the market. The automotive industry has also witnessed an extensive use of silane coupling agents owing to rising government investment aimed at developing automotive sector in developing economies.
Recent strategic developments in silane coupling agents market
The silane coupling agents market has undergone several significant developments, and a few of these have been mentioned below:
- In January 2021, Momentive acquired silicone business of KCC Corporation in south Korea and Japan, and also acquired sales operation in China with an aim to strengthen its market position in Asia Pacific.
The silane coupling agents market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Wacker Chemie AG, Evonik Industries AG, Momentive, Shin-Etsu Chemical Co., Ltd, and Rayton Chemicals Co., Ltd are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Silane coupling agents related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of silane coupling agents industry
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type:
- Epoxy
- Amino
- Vinyl
- Acryloxy
- Methacryloxy
- Others
- Application:
- Paints and Coatings
- Adhesives and Sealants
- Rubber and Plastic
- Others
- End Use:
- Automotive
- Building & Construction
- Electrical & Electronics
- Energy & Chemicals
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Wacker Chemie AG
- Evonik Industries AG
- Momentive
- Shin-Etsu Chemical Co., Ltd
- Rayton Chemicals Co., Ltd
Companies profiled
- Wacker Chemie AG
- Evonik Industries AG
- Momentive
- Shin-Etsu Chemical Co., Ltd
- Rayton Chemicals Co., Ltd