Epoxy Silanes Market Size 2020- Drivers & Restraints - Forecast Up Until 2025
Market Overview
Epoxy Silanes Market can be used as adhesion promoter for epoxies,
urethanes and acrylics. Moreover, they can be also used in surface treatment
for fillers and reinforcers. These silanes are effective additives for the
crosslinking of carboxy and amino latexes and polyurethane dispersions. Epoxy
silanes are largely used in paints & coatings industry and is the major
factor driving the market growth. Epoxy resin have established greater
importance due its vital application in medical (healthcare) industry
particularly in the preparation of DNA microarrays.
Market Segmentation.
Epoxy
Silanes Market Growth is majorly segmented on the basis types,
applications and regions. Epoxy functional silane is the only type of epoxy
silane, due to which it is largely used in all applications. Most commonly,
epoxy functional silanes are used to pre-treat fillers or are blended with
epoxy resin. In medical applications, these are used in the basic techniques
such as study of gene expression, which have become popular in the past years.
Furthermore, based on the application
global market has been divided into paints & coatings, adhesive & sealants, fiber treatment, packaging, medical and others. Among all,
paints and coatings application is the prominent segment and occupies a
majority of market shares. Epoxy resin provides protective, tough coating with
excellent hardness due to which it is largely used in the paints and coatings
application. Applications of epoxy silanes in the established paints &
coatings industry in Asia Pacific, is expected to grow in the forthcoming
years. Furthermore, adhesive & sealants and medical applications are the
second largest application segment which are anticipated to grow equally in
coming years. On account of presence of healthcare industry particularly in
Asia Pacific and North America, medical applications of epoxy silanes likely to
grow significantly.
Competitive
analysis
Key
Players
·
Evonik Industries AG
·
The Dow Chemical Company
·
PCC SE
·
Anhui Elite Industrial Co.Ltd
·
NANJING UNION SILICON CHEMICAL CO.
·
LTD
·
Momentive
·
Air Products & Chemicals
Regional
Analysis
As of 2016, Asia Pacific emerged as
one of the largest and dominant markets for epoxy silanes globally, followed by
North America and Europe. The region constituted more than half of the global
market shares both in terms of value and volume. Growth in this region is
highly attributed to growing industrialization in emerging economies such as
China, India, Japan, and South Korea. Furthermore, China and India collectively
drive Asia Pacific epoxy silanes market and occupy almost more than 70% of the
regional market shares. This is due to increasing application in paints and
coatings industry, rising demand of silanes in healthcare industry and economic
growth across the region. North America is the second largest market for epoxy
silanes including major markets U.S. and Canada. Increasing applications of
epoxy silanes in paints and coatings and packaging industry is the key growth
factor in this region. Globally, Europe region occupies smaller market share
with lowered demand for epoxy silanes. Factors such as low economic growth and
increasing demand for environmental-friendly packaging material have restricted
growth of this region.
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