Silane Coupling Agent Market is
expected to witness significant growth over the forecast period owing to its
rising applications from end user industries including chemical, electrical,
automotive, and construction. Furthermore, growing awareness among companies
regarding Silane coupling agent utilization for energy applications such as
manufacturing of hybrid materials for wind power systems and enclosed resins
for solar panels is anticipated to drive the market growth over the next eight
years. In addition, the growing adoption of Silane coupling agents for
improving dispensability and adhesion of inorganic materials coupled with
utilization as raw material for hard-coat materials is further projected to
propel the sector demand over the forecast period. Silane coupling agents are
compounds, which contain functional groups that bond with both organic and
inorganic materials.
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The market is segmented by
end-user application into chemical, electrical, energy, automotive, and
construction. Chemical segment particularly uses Silane coupling agents for
improving viscosity and transparency during kneading and mixing. Automotive
segment uses it to create high molecular weight silicas, rubbers and to make
high weatherable paints. Construction segment uses Silane coupling agent for
improving the durability of exterior walls of bridges, homes, and other
infrastructure building. Automotive and chemical segments are expected to
account for major market share over the next eight years owing to growing
technological advancements and rising awareness regarding the application in
the aforementioned industries.
The Silane coupling agent
market is highly competitive primarily to the presence of several domestic and
international suppliers. Though, the sector has the presence of various new
players, who face difficulty in competing with other major companies in terms
of functionalities, features, quality, and services. Over the forecast period,
the growing new product development activities coupled with increasing adoption
of new technologies for achieving operational efficiency has enabled the
competition to become more aggressive. On a contrary, few major players through
continuous R&D endeavors coupled with growing expertise knowledge in the
industry have enabled them to witness competitive edge, thus propelling the
overall growth of the sector over the next eight years.
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