Owing to the increasing usage of silane in the manufacturing of paints and coatings, on account of its numerous useful features, such as the ability to provide high resistance to ultraviolet (UV) rays, water, and chemicals and excellent adhesion, the demand for it is set to increase in the coming years. In addition to this, the flourishing automobile manufacturing industry in India, Thailand, Malaysia, and Brazil is creating a huge demand for paints and coatings, for use in the automobile manufacturing process, which is also contributing toward the increasing demand for the compound across the world.

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Due to the above factors, the global silane market is expected to witness an increase in its revenue from $1,577.9 million in 2017 to $2,047.0 million in 2023, with a CAGR of 4.3% during the forecast period (2018–2023). Silane is a metallic compound of silicon, with the formula SiH4 and a strong odor akin to acetic acid. The other major factor responsible for the surge in the demand for silane across the world is the soaring global population. The rise in the global population level has caused a huge surge in the demand for better housing, civic infrastructure, and transportation facilities.

Globally, the highest demand for silane was observed in the Asia-Pacific (APAC) region in 2017. This region is also predicted to record significant growth in the usage of this compound in the next few years, owing to the ballooning need for silane-containing products from the construction sector in the region. In addition to this, the thriving automobile manufacturing sector in the emerging economies of APAC, such as India and China, is expected to further boost the demand for it in the region.

Some of the leading players operating in the global silane market are Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Evonik Industries AG, NEOCHEMA GmbH, DowDuPont Inc., and Gelest Inc.

Recent Strategic Developments of Major Silane Market Players

Several players in the silane market have taken strategic measures, in order to gain a larger share. For instance, in March 2017, ChemSpec, a chemical company based in Ohio, U.S., signed an agreement with Jingzhou Jianghan Fine Chemical Co. Ltd., under which ChemSpec became an exclusive distributor of Jingzhou Jianghan Fine Chemical Co. Ltd.’s silane products in North America.