Silane Coupling Agent Market Size- Growth Drivers, Opportunities and Forecast Analysis to 2023
Market Insights
Silane Coupling Agent Market is used in paints and coatings to enhance the
adhesion. They are majorly used for adhesion promotion as well as enhancing the
properties of paints such as corrosion
resistance and scratch resistance. Paints & coatings find a wide range of applications in major end-use
industries such as automotive, construction, and aerospace. In the building and
construction industry, paints and coatings are used to enhance the aesthetic
appeal of the structure. The growth of the building and construction industry
with the rising residential and non-residential construction across the globe
has fueled the demand for paints and coatings. For instance, according to the
US Census Bureau, the overall construction spending in the US stood at USD
1,246,000 million as of 2017, of which USD 276,510 million was spent on non-residential construction.
Segmentation Analysis
The Global Silane
Coupling Agent Industry Share has been categorized into products, application and region. On the basis of products, the global silane coupling agent market has been segmented into as amino
silane, epoxy silane, amino silane, vinyl silane and other. Further the market is segment based on
application such adhesives & Sealants, paints & coatings, fiber
treatment, rubber & plastics and others.
Top Key Players
·
Evonik
Industries
·
China
National Bluestar
·
Nanjing
Union Silicon Chemical Co. Ltd.
·
Gelest
Inc.
·
Wacker
Chemie AG
·
DowDuPont
·
Momentive
Performance Materials Holdings LLC
·
Shin-Etsu
Chemical Co. Ltd.
·
Hexpol
Compounding
·
3M
·
Rayton
Chemicals
·
Advanced
Polymer Inc
·
Tianjin
Shengbin Chemical Engineering.
Regional
Analysis
The growth of the Global Silane
Coupling Agents Market in Asia-Pacific market is driven by the increased demand
for adhesive and sealants in the building and construction industry as they
offer improved performance and are environmentally friendly. The growing
construction industry with increasing investments in infrastructure development
and residential construction to meet the rising demand for modern residential
architecture is likely to add to the market growth. For instance, initiatives
taken by the Indian government such as the Smart Cities Mission, Green
Corridor, building of ports and the Atal Mission for Rejuvenation and Urban
Transformation (AMRUT) for infrastructure development has led to a rapid
increase in construction activities.
In December 2016, the Thailand
government approved around USD 25.2 billion for infrastructure plan for 2017,
which includes railways, roads, and ports. Additionally, government initiatives
such as those by the Indian Green Building Council to promote the concept of green
buildings for energy-efficient and premium-quality housing is further
stimulating product demand.
The Thai Green Building Foundation,
established in 2009, has set the new Thai’s Rating of Energy and Environmental
Sustainability (TREES) green building standards for the building and
construction industry. Such trends exhibit high demand for adhesives and
sealants in the building and construction industry in the recent past due to
the superior performance, mechanical endurance, high elongation, and environmentally
friendly properties.
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