LONDON, Dec. 10, 2018 /PRNewswire/ --
About this market
The market has undergone rapid consolidation due to increased merger and acquisitions in the market. This has resulted in the presence of more competent and technology- driven players in the market. Therefore, the growing number of mergers and acquisitions is expected to further consolidate the global silanes market during the forecast market. The prominent vendors in the market will enter into partnerships with other players to expand their business portfolios and maintain their position globally. Technavio's market research analysts have predicted that the silanes market will register a CAGR of more than 5% by 2022.
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Market Overview
Increasing applications in automotive and building and construction activities
Organofuctional silanes are used in the automotive industry for applications such as automotive clearcots and adhesive and sealants. The growing demand for automobiles in developing countries has accelerated the consumption of silanes in tires manufacturing and protective or corrosion inhibition coatings for automobiles.
Human health hazardous
Silane gas in natural conditions is a pyrophoric and volatile gas, which can spontaneously ignite on contact with air without any external ignition source and is almost visible to the human eye. Silanes on reacting with oxygen many produce hazardous byproducts.
For the detailed list of factors that will drive and challenge the growth of the silanes market during the 2018-2022, view our report.
Competitive Landscape
The silanes market appears concentrated with a few international companies. The market is currently in its growth phase and expected to be slightly concentrated by 2022. The vendors in the market are entering into partnerships to expand their business globally. The market has also witnessed expansion in production capacities and develop new products. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis.
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