PUBLISHER: IMARC | PRODUCT CODE: 1560958
PUBLISHER: IMARC | PRODUCT CODE: 1560958
The global silane market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Silane (H4Si) is a colorless, flammable, poisonous gas with a strong repulsive odor. It is prepared using aluminum silicide and hydrochloric acid or an aqueous solution of ammonium, sodium, manganese, and ferrous chloride. It reacts with oxidizing agents and is a strong irritant to skin, eyes, and mucous membranes. It is extensively used in numerous industrial applications, including adhesion promoters, crosslinkers, coupling agents, moisture scavengers, surface modifiers, and resin additives. Besides this, as it reduces capillary water absorption and harmful substances and improves frost resistance, silane finds application as a water-based liquid or gel.
Rapid urbanization, along with the escalating demand for consumer electronics, represents one of the key factors positively influencing the market. It can be attributed to the extensive applications of silane in the manufacturing of semiconductors and low-voltage cable insulation of electronic products. Additionally, it is applied to substrate materials, such as glass, metal, paper, plastic, quartz, and elastomer. Along with this, the rising trend of smart consumer electronics and the emergence of smart homes are creating a positive outlook for the market. Besides this, it is used along with other gases to grow amorphous silicon films that are employed in the manufacturing of solar cells. Furthermore, governments of various countries are offering tax credits, incentives, and price concessions on several solar panel components for encouraging individuals to use solar power. This, in turn, is offering lucrative growth opportunities to manufacturers. Moreover, expanding applications of silane in making under-the-floor hot-water heating pipes and foams on account of its improved crosslinking processes and properties are propelling the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global silane market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end use industry.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Products Inc., Dow Inc., Evonik Industries AG, Gelest Inc. (Mitsubishi Chemical Holdings Corporation), Momentive Performance Materials Inc., Nanjing Shuguang Chemical Group Co. Ltd., Power Chemical Corporation, Rheinmetall AG, Shin-Etsu Chemical Co. Ltd., Silar, Tokyo Chemical Industry Co. Ltd. and Wacker Chemie AG.