U.S (New York)– The “Silane and Silicone Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Silane and Silicone Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The silane and silicone market accounted for revenue of $ 14,479.0 million in 2017 and is anticipated to generate revenue of $ 22,030.3 million in 2025. The market is expected to grow at a CAGR of 5.4% from 2018 to 2025. Silicone is an inert polymer that comprises silicon with oxygen, carbon, hydrogen, and other chemicals.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Some of the common forms of silicones are resin, grease, oil, and rubber, which are used across automobile, medical, construction, and electronics industries. Silane is an organic compound containing a single or multiple silicon?carbon bonds. Silane is produced by reacting silica sand with magnesium and then adding hydrochloric acid. One of the primary applications of silane is to bond two compounds together.
Silane is increasingly adopted in paints & coatings, adhesives & sealants, rubber & plastics, and fiber treatment activities. Growth of the overall silicones & silanes market is driven by rise in demand from end-use industries, such as electronics & semiconductor. Unstable raw material prices such as silicon metal & methanol, and high energy prices are anticipated to hinder the market growth during the forecast period. Automobile manufacturers are focusing on fuel efficiency and regulation compliances. The major aim of the automotive industry is to improve fuel efficiency while simultaneously enhancing road safety. Due to stringent regulations and compliances, original equipment manufacturers (OEMs) are utilizing silanes to reduce the rolling resistance and to enhance the traction on wet or slippery surfaces in automobile applications. This is expected to offer future growth opportunities to the global silane and silicone market during the forecast period.
The global silicones & silanes market is segmented based on type, end user, and region. Based on type, the market is bifurcated into silane and silicone. The silicone segment accounts for a major share in the global silane and silicone market attributed to its wide adoption across various industries including transportation, construction & materials, electronics, energy, healthcare, industrial processes, personal care, and consumer products. Silanes are further classified into coupling agent, cross-linking agent, and others. Similarly, silicones are further classified into elastomers, fluids, resins, gels, conformal coatings, and others.
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Based on end user, the Silane and silicone market is classified into building & construction, transportation, electronics, medical, textiles & leather, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The APAC market is expected to witness lucrative growth rate during the forecast period. The growth of the APAC market is attributed to the developing economies such as India, China, and South Korea, where rapid industrialization and urbanization fuels the growth of the building and conduction market.
Some of the major players analyzed in theglobal silane and silicone market report are ICM Products Inc., BASF SE, Kaneka Corporation., Evonik Industries, Emerald Performance Materials, Wacker Chemie AG, MPM Holdings Inc., Shin-Etsu Chemical Co., Ltd., DowDupont, and China National Bluestar (Group) Co, Ltd.
Key Benefits for Silane and Silicone market:
Porters five forces analysis helps to analyze the potential of buyers and suppliers and the competitive scenario of the silane and silicone industry for strategy building.
It outlines the current trends and future scenario of the silane and silicone market growth from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets in the silane and silicone market.
Major countries in each region have been mapped according to their individual revenue contribution in the silane and silicone market share.
An in-depth analysis of the current research & developments within the silane and silicone market trends is provided along with the key dynamic factors.
The key drivers, restraints, and opportunities and their detailed impact analyses on the silane and silicone market have been elucidated in the study.
The profiles of key players along with their key strategic developments have been enlisted in the report for providing silane and silicone market analysis.
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Silane and Silicone Key Market Segments:
By Type
Silanes
Coupling Agents
Cross-linking Agents
Others
Silicones
Elastomers
High Temperature Vulcanized
Liquid Silicone Rubber
Room Temperature Vulcanized
Fluids
Straight Silicone Fluid
Modified Silicone Fluid
Reactive
Nonreactive
Resins
Methyl Silicone Resin
Phenyl Silicone Resin
Others
Gels
Conformal Coatings
Others
By End User
Building & Construction
Transportation
Electronics
Medical
Textile & Leather
Others
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By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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