Market Overview
The global Silane Modified Polymers Market Analysis, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 6.95%, surpassing a valuation of USD 775.4 million during the forecast period (2022-2030). Silane-modified polymers are also termed as MS polymers and exhibit several attributes like enhanced resistance power to water and thermal, exceptional durability level, chemical inertness, low thickness level, and improved adhesiveness.
Market Potential and Pitfalls
Silane Modified Polymers Market Share are extensively used in the formulation of sealants and adhesives. The surging use of polyurethane in several applications has augmented the use of such polymers across the globe. These polymers possess certain properties like enhanced thermal and water resistance, high thermal stability, low thickness levels, and superior adhesion, thus making them viable in adhesive and sealants. Such factors are considered to propel the market growth in the foreseeable future. Rising manufacturing of vehicles, coupled with increased demand for safety features, has propelled the automotive market, which has further encouraged the silane-modified polymers market during the review period.
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Excessive need for hybrid sealants and adhesives in the construction sector is encouraging the market growth worldwide. Rising hardness levels of such formulations can be applied in lamination and woodworking of surfaces will bode well for the market demand in the foreseeable future. Moreover, stringent environmental policies have called for isocyanate-free adhesives, thereby creating new growth opportunities for the market across the globe. Companies involved in silane-modified polymers are highly focusing on extending their product portfolio by mergers and acquisitions, product launches, joint ventures, and exclusive agreements. This is further predicted to propel the market growth in the long run.
Global Silane-Modified Polymers Market: Segmental Analysis
The global silane-modified polymers market has been segmented on the basis of type and application.
By type, the silane-modified polymers market is segmented into polyurethane modified silane and polyether-modified silane. Of these, the polyurethane modified silane is anticipated to dominate the market. Surging demand for such polymers in the automotive and industrial assembly are likely to facilitate market growth in the segment.
By applications, the market is segmented into industrial assembly, automotive, transportation, building and construction, and others. Of these, the building and construction segment is likely to acquire the major share. Soaring demand for modern designs, coupled with renovation projects in the residential sector will push the segment growth in the long run.
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Regional Frontiers
Geographically. The silane-modified polymers market spans across Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific is anticipated to acquire the lion’s share, exhibiting a healthy CAGR of 8.04%. The regional market will surpass a valuation of USD 400.2 million by the end of 2023. The recent boom in the construction industry has encouraged the regional market to a large extent. Ever-increasing population percentage and their migration to the cities are some of the primary growth stimulants of the market in the APAC. Moreover, the rising disposable income levels and the development of green buildings will further encourage the market’s growth in the APAC.
Meanwhile, North America and Europe are estimated to garner significant revenues owing to the soaring demand popularity from the automotive, construction, and marine applications and presence of state-of-the-arts units. Strict regulatory mandates imposed by the federal groups are further estimated to foster the market growth in these regions.
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Competitive Dashboard
The top players operating in the silane-modified polymers Industries include Sika AG (Switzerland), Tonsan Adhesive, Inc. (China), Bostik (U.S.), MAPEI SpA (Italy), Henkel AG & Co., 3M (U.S.), Evonik Industries AG (Germany), KGaA (Germany), Huntsman International LLC (U.S.), Wacker Chemie AG (Germany), and DowDuPont (U.S.).
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