CHICAGO, July 6, 2021 / PRNewswire / – According to New Market Research Report “Silane Coupling Agents Market by Type (Epoxy, Vinyl, Amino, Acryloxy, Methacryloxy), Application (Rubber & Plastics, Adhesives & Sealants, Paints & Coatings), End Use Industry & Region – Global Forecast to 2026 “, published by MarketsandMarkets ™, the market size for silane coupling agents is expected to increase from $ 1.2 billion in 2021 to $ 1.6 billion by 2026, at a CAGR of 5.5% over the forecast period.
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The driving factors of the Silane Coupling Agents market are the increasing penetration of silane coupling agents in the automotive and transportation, building and construction, energy and chemical and industrial sectors. ‘electrical and electronics industry in emerging economies, such as India, China, and the Middle East, Thailand, Indonesia, Brazil, and Argentina.
Rubber and Plastics is expected to be the fastest growing application in the Silane Coupling Agent market during the forecast period.
Rubber and plastics are the fastest growing application segment in the silane coupling agent market. The growth of this segment is attributed to the increasing use of coupling agents in tire manufacturing. The use of silane coupling agents makes the tires strong and efficient. It accounted for an approximately 36.0% share of the silane coupling agents market, by value, in 2020.
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APAC is expected to hold the largest market share in the global silane coupling agents market during the forecast period.
APAC accounted for the largest share of Silane Coupling Agents Market in 2020. The region’s market is growing due to increased foreign investment due to cheap labor and availability of raw materials. The demand for silane coupling agents in APAC is expected to increase over the next five years, driven by numerous ongoing and upcoming construction and construction projects and industrial projects in Southeast Asian countries. High economic growth and heavy investments in these applications are playing a key role in driving the Silane Coupling Agents market.
Dow (United States), Wacker Chemie AG (Germany), Evonik Industries (Germany), Momentive (United States) and Shin-Etsu Chemical Co. Ltd. (Japan), are the world’s leading manufacturers of silane coupling agents.
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