International. The size of the silane market is estimated to grow from $1.33 billion in 2015 to $1.70 billion in 2020, at a CAGR of 5.0% between 2015 and 2020, according to Markets & Markets.
The market is driven by the high demand for rubber and plastics, fiber treatment, adhesives and sealants, and the paints and coatings industries. Markets in Asia-Pacific and the rest of the world are projected to witness strong growth over the next five years. The high demands in these regions are fueled by emerging markets such as China, India and Brazil.
In 2015, the rubber and plastics applications segment accounted for the largest market share globally, in terms of value. This segment is followed by fiber treatment, adhesives and sealants, and paints and coatings. The silane market in the rubber and plastics segment is estimated to witness the highest CAGR between 2015 and 2020, in terms of volume.
Strong demand in Asia-Pacific is expected to be the important determining factor for the growth of the global silane market. China is expected to lead the demand for silanes due to the increase in industrial production in the last 3 to 4 years. It is also among the top consumer of silanes in the world. Markets in other emerging economies, such as Brazil and India, are also forecast to grow rapidly.
