The global silanes market size is projected to grow from USD 3.62 billion in 2024 to USD 5.20 billion by 2029, at a CAGR of 7.5% during the forecast period.
Silanes are silicon-hydrogen compounds bonded through covalent interactions and are synthesized by reacting magnesium silicide with acids or by reducing silicon chlorides using lithium aluminum hydride. They are available in two types that includes functional silanes and non-functional silanes. Functional silanes enable reactions between inorganic and organic substances, making them essential for applications requiring strong chemical bonding. Non-functional silanes are used exclusively with inorganic materials. Silanes serve as crosslinking agents, adhesion promoters, surface modifiers, coupling agents, and dispersing agents. They play a vital role in the rubber and plastics industry, particularly in tire manufacturing, and are widely used in fiber treatment, adhesives and sealants, and paints and coatings.
A few of the major players are Evonik Industries AG (Germany), Shin-Etsu chemical Co., LTD. (Japan), KCC Corporation (South Korea), Dow (US), Waker Chemie AG (Germany), Gelest, Inc. (US), WD Silicon Co., LTD (China), Nanjing Shuguang Chemical Group Co., Ltd. (China) and others. These players have implemented various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to enhance their market shares and boost their product portfolios.
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Evonik Industries AG (Germany) is a global specialty chemicals company operating through five key segments: Specialty Additives, Nutrition and Care, Smart Materials, Performance Materials, and Technology and Infrastructure. The Specialty Additives segment provides advanced materials and additives for industries such as construction, agriculture, energy, oil, electronics, automotive, food, pharmaceuticals, and personal care. Its portfolio includes additives and resins for powder coatings, floor coatings, heat resistance, and metal and wood coatings. The company has production facilities in Germany, Belgium, the United States, China, and Singapore, with a strong presence across North America, the Asia Pacific, Africa, South America, and Europe.
Evonik Industries AG is strengthening its market position through strategic integration and expansion. In January 2025, it launched Smart Effects by merging its Silica and Silanes business lines under Advanced Technologies to enhance innovation in key industries. The company is investing 7.9 million US dollars in a new ultra-high purity colloidal silica plant in Weston, Michigan, which is set to begin operations in 2024 and will be the first of its kind in North America. In August 2023, Evonik expanded rubber silanes production in Shandong, China, to meet the rising demand for sustainable solutions in the tire and rubber industry. These developments reinforce Evonik’s leadership in specialty chemicals, ensuring continuous growth and innovation.
Shin-Etsu Chemical Co Ltd (Japan) is a chemical company engaged in the production and distribution of synthetic resins and various chemical products. The company operates through four business segments: Infrastructure Materials, Electronics Materials, Functional Materials, and Processing and Specialized Services. Through its Functional Materials segment, Shin-Etsu produces and sells silanes along with a diverse range of products, including synthetic resins, polyvinyl alcohol, synthetic pheromones, rare-earth magnets, photoresists, and photomask blanks. With a strong global presence, the company operates across the Asia Pacific, Europe, North America, and South America.
Shin-Etsu Chemical Co Ltd is strengthening its market position through innovation and strategic acquisitions. In March 2024 the company developed the industry's first silicone resin that does not use emulsifiers with the introduction of the water-based fast curing silicone resin KRW 6000 Series. This product offers excellent durability and weather resistance making it suitable as a binder for weather-resistant paints and various additives. In April 2024 Shin-Etsu Chemical Co Ltd acquired Setex Technologies Inc to enhance its product offerings with materials that provide strong friction and adhesion properties. These initiatives reinforce the company's commitment to technological advancements and market expansion.
KCC Corporation, (South Korea) is the manufacture of multifunctional green construction materials that enhance the durability and energy efficiency of buildings. The company's diverse product portfolio serves industries such as construction, shipbuilding, automotive, electronics, and other industrial sectors. KCC’s interior and exterior building materials are designed to extend the lifespan of structures, while its high-performance products, including advanced heat-insulating materials, windows, and glass, contribute to improved energy efficiency. With a strong global presence, KCC operates 35 subsidiaries in 12 countries and manages 42 Momentive subsidiaries across 20 countries.
KCC Corporation is strengthening its market position through strategic acquisitions and partnerships. In May 2024 the company acquired Momentive Performance Materials a global leader in high-performance silicones and specialty solutions transitioning from a majority stake to sole ownership. This move aims to drive growth through innovation and technology integration. In March 2022 KCC Corporation formed a strategic partnership with Hyundai Motor Company to supply advanced silicone materials for electric vehicles. This collaboration supports the development of high-performance and sustainable solutions to meet the growing demand for innovative materials in the evolving automotive market. These initiatives reinforce KCC Corporation's commitment to technological advancement and market expansion.
Related Reports:
Silanes Market by Type (Functional Silanes & Mono/Chloro Silanes), Application (Rubber & Plastic, Fiber Treatment, Adhesive & Sealants, Paints & Coatings) End-Use (Building & Constructions, Electrical & Electronics, Automotive) - Global Forecast to 2029
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