The global silane coupling agent market is expected to reach an estimated $1.4 billion by 2022
Silane coupling agent is a kind of silane which is mainly used for glass fiber reinforced plastics. Silane is an inorganic compound with chemical formula, SiH4, making it a group 14 hydride. It is a colourless, flammable gas with a sharp, repulsive smell, somewhat similar to that of acetic acid. Silane is of practical interest as a precursor to elemental silicon.
The future of the global silane coupling agent market is attractive with opportunities in end use application segments, including paints and coatings, rubber and plastics, adhesives and sealants, fiber treatment, and others. The global silane coupling agent market
is expected to reach an estimated $1.4 billion by 2022 and it is forecast to grow at a CAGR of 4.3% from 2019 to 2022. The major drivers for growth in this market are increasing demand for green tires, composite materials, and growing demand for water-based coating formulations.
Within the global silane coupling agent market, the paint and coatings segment is expected to remain the largest market in terms of value and volume consumption. The major driver for this segment are increasing automotive production, growing investments in building and infrastructure, and rising demand for water based coating formulations.
Key players in global silane coupling agent market include: Evonik Industries, Dow Corning Corporation, Momentive Performance Materials, Shin-Etsu Chemical, Wacker Chemie AG, Gelest, WD Silicone, Jingzhou Jianghan Fine Chemical, Nanjing Shuguang Chemical, China National Bluestar etc.