H1 2023: In H1 2023, the Asia Pacific region was found as the largest consumer of Silane. Following the Lunar holidays, there was an increase in the prices of Silane in Asia attributed to heightened inquiries from the region’s market aiming to build up product reserves. In India, the product faced subdued demand in Q1 2023. The reduction in freight charges from overseas markets contributed to the support of the Silane market within the Indian market. In the second quarter of 2023, the pricing of Silane followed a bearish trend in the Asian market, influenced by the lacklustre performance of the paints & coatings industry. Within China, the Silane market exhibited a sluggish trajectory amid uncertain economic activities. The demand for the product saw a decline as fresh orders in the Chinese market decreased, attributed to high-interest rates in importing countries. Persistent weak exports and confidence levels continued to impede private-sector investment. Additionally, industrial production faced a slowdown due to subdued exports in China. Manufacturers adjusted prices downward as there was ample material in the Chinese market to meet the requirements of the downstream industry. The manufacturing activity contracted in June, albeit at a slow pace, reflecting weak demand for Silane in the Chinese market.
The global Silane market stood at approximately 1340 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.1% during the forecast period until 2032. Silane, represented by the chemical formula SiH4, is an inorganic compound characterized as a toxic gas with a distinctively pungent odor reminiscent of acetic acid. Various manufacturing methods exist for producing silane, one of which involves the reaction of Magnesium Silicide with Hydrochloric Acid, yielding silane and the by-product Magnesium Chloride. Another method entails a lengthier process, where elemental silicon reacts with Hydrochloric Acid, forming an intermediate compound known as Trichlorosilane in the initial step. This intermediate is subsequently converted into silane and Silicon Trichloride.
Silanes find extensive use as promoters for adhesion, coupling agents, and crosslinking agents across various industries. They impart a range of properties, such as tear resistance, durability, and flexibility, to diverse substrates. This makes them well-suited for applications in rubber and plastics, as well as in paints, coatings, adhesives, sealants, and fiber treatment. Silane, a versatile and cost-effective material, plays a crucial role in various industries, particularly in construction applications. In the industry of adhesives and sealants, it serves as a potent waterproofing agent, forming a protective barrier on materials like concrete, wood, and brick to repel water and deter moisture-induced corrosion. As an adhesive, silane excels in bonding diverse materials, including masonry and metal components, showcasing robust and durable connections vital for structural integrity. Furthermore, silane functions as an effective sealant, safeguarding against water and air intrusion in construction joints, windows, doors, and around fixtures. In the domain of coatings, silane serves as a surface treatment, shielding concrete from wear, resisting staining, and providing defence against UV exposure and chemical damage. Its multifaceted applications make silane indispensable in construction projects, particularly in areas prone to water damage or requiring durable and protective coatings.
The global demand for silane is experiencing significant growth, primarily driven by increased needs from paint and coating formulators, followed closely by manufacturers of adhesives and sealants. Additionally, silane plays a pivotal role in the electronics industry, where silane gas finds extensive use in semiconductors, integral components in electronic devices. The increasing global demand for electronic gadgets is expected to be a major driving force for the silane market. With a growing emphasis on environmental consciousness, there is an escalating demand for highly efficient, solvent-free, and UV-cured coatings. Overall, the combination of factors such as the expanding electronics industry and the shift towards environmentally friendly coatings is positioning silane as a key player in various industrial applications. The global Silane market is anticipated to reach nearly 2000 thousand tonnes by 2032.
On the basis of type, the Silane is divided into- Mono/Chloro Silane and Amino Silane. The monochloro product type serves as a crucial intermediary in the production of ultrapure silicon utilized in the semiconductor industry, and it functions as a protective agent for intermediates in the pharmaceutical sector. Additionally, monochloro silanes play a pivotal role as coatings for glass surfaces and silicon, contributing to the production of silicon polymers. On the other hand, amino products serve multiple purposes, acting as coupling agents, adhesion promoters, resin additives, and surface modifiers. They enhance the chemical bonding of resins in reinforcing materials and inorganic fillers. The stability of amino-based products, coupled with their favorable reaction with water, makes them suitable for diverse applications specifically tailored for applications in paints and coatings.
Based on region, Asia Pacific region is the biggest consumer of Silane. The Asia Pacific region is emerging as the fastest-growing market, fueled by a surge in the use of paint, coatings, adhesives, and sealants in countries like China, South Korea, India, and Malaysia. Factors such as the construction of buildings, expansions in residential complexes, and a rise in renovation activities are contributing to a heightened demand for adhesives in the construction sector within the region are curating a market for silane.
Based on the end-user industry, the global Silane market is divided into Paints & Coatings, Adhesive & Sealants, Fiberglass and Composites, Semiconductors, Rubber and Plastics, and Others. Among these, Adhesive & Sealants and Paints & Coatings industries are the major segments and held approximately 50% of the global Silane market in 2022.
Major players in the Global Silane market are Evonik Industries AG, PPG Industries, Air Products and Chemicals Inc. Sika AG, Huntsman Corporation, Wacker Chemie AG, The Chemour Company, OCI Company Ltd, Air Liquid S.A, Hexion, and Others
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Silane which covers production, demand and supply of Silane market in the globe.
• To analyse and forecast the market size of Silane
• To classify and forecast Global Silane market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Silane market in the globe.
To extract data for Global Silane market, primary research surveys were conducted with Silane manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Silane market over the coming years.
ChemAnalyst calculated Silane demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Silane. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Silane manufacturers and other stakeholders
• Organizations, forums and alliances related to Silane distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Silane manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Silane market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1340 thousand tonnes
Market size Volume in 2032
2000 thousand tonnes
Growth Rate
CAGR of 4.1% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paints & Coatings, Adhesive & Sealants, Fiberglass and Composites, Semiconductors, Rubber and Plastics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Silane in terms of volume in 2022?
Ans:
The global market size of Silane had reached approximately 1340 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Silane?
Ans:
Asia Pacific region is the leading consumer of Silane globally.
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