Silyl Modified Polymers Market

Silyl Modified Polymers Market By Type (Silane-terminated polyether (SPE), Silane-terminated polyurethane (SPUR)), By End-Use Industry (Building & Construction, Automotive & Transportation, Industrial), By Region - Global Market Insights 2019 to 2029

Analysis of Silyl Modified Polymers Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Adoption of Silyl Modified Polymers in Light-weight and Fuel-efficient Vehicles to Bolster Market Growth

Efficacy of sustainable bonding solutions over a range of substrate materials will drive the demand of silyl modified polymers (SMP) in complex industrial and consumer goods designs. Additionally, reduced noise and vibration damping in the transportation sector and mechanical engineering tasks will increase the uptake of silyl modifiers polymers.

Demand for silyl modified polymers is expected to rise in the automotive and transportation industries as manufacturers are switching to plastics, composites, and nonferrous materials to reduce weight and build fuel-efficient vehicles.

Driven by their cost-effectiveness and the synergy they offer between silane and polymer materials, the global silyl modified polymers market is expected to grow at a CAGR of ~4% during the assessment period (2019 - 2029).

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Building & Construction Will Continue to Capture Large Chunk of Demand Pie

Building and construction segment dominated the silyl modified polymers market in 2018 and is set to continue its hegemony over the forecast period with heightened demand for high-performance construction adhesives and sealants.

Silane-terminated polyether will remain the preferred material over silane-terminated polyurethane during the forecast period as it is less susceptible to cold weather fluctuations.

However, the presence of alternative offerings within the same applications across building & construction are set to restrict the market growth over the long term forecast.

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Top Three Companies Account for Nearly 3/4th of the Total Market Revenue

The global silyl modified polymers market is oligopolistic in nature, in which Kaneka Corporation, Risun Polymer International Co., Ltd. and PCC Group, are the tier 1 players in the market. The silyl modified polymers industry has witnessed several new product launches, which remains to be the widely adopted growth strategy.

For instance :

  • In January 2017, Wacker Chemie AG unveiled two new silane-terminated polymers named as ENIOSIL XM 20 and GENIOSIL XM 25 at the European Coatings Show 2017.
  • In April 2017, Evonik launched a new range of silyl modified polymers named TEGOPAC Bond 160, TEGOPAC Bond 170, TEGOPAC RD 1, and TEGOPAC RD. This new range of SM polymers will offer good UV stability making the important component of many roof sealants along with excellent elastic recovery properties and high elasticity for many more applications.

Silyl modified polymers market forecast by Fact.MR

  • Moreover, key stakeholders in the silyl modified polymers market are focusing on product innovation, and the adoption of a new type of blends with acrylic and epoxy to improve its toughness and flexibility.
  • Prominent players are also entering into short-term partnerships with research institutes to offer bio-based solutions to their consumers. These strategies will help them adapt the dynamics and meet demand in the silyl modified polymers market during the forecast period.

South Asia & Oceania to Remain Steady, Demand in East Asia to Soar

South Asia & Oceania are expected to register a steady growth of ~6% and poised to create an absolute $ opportunity of over US$ 46 Mn by the end of 2029.

Silyl modified polymers market Forecast by Fact.MR

Being mature markets, North America and Europe are set to remain sluggish and expected to grow at a CAGR of ~3-4% throughout the assessment period. East Asia led the market in 2018 and is likely to continue its supremacy over the forecast period, accounting for nearly half of the global demand.

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Silyl Modified Polymers Market: Segmentation

Fact.MR has segmented the silyl modified polymers market on the basis of type, end-use industry and region.

  • By Type :

    • Silane-terminated polyether (SPE)
    • Silane-terminated polyurethane (SPUR)
  • By End-Use Industry :

    • Building & Construction
    • Automotive & Transportation
    • Industrial
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • Southeast Asia & Oceania
    • MEA

- FAQs -

What are the key industry trends of the global Silyl Modified Polymers Market?

Adoption of Silyl Modified Polymers in Light-weight and Fuel-efficient Vehicles to Bolster Market Growth

What is the CAGR for Silyl Modified Polymers market?

Silyl Modified Polymers Market is Expected to Grow at 4% CAGR

Silyl Modified Polymers Market

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