Latin America Silane Market Size & Outlook, 2021-2030
Latin America silane market, 2018-2030 (US$Ms)
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Latin America silane market highlights
- The Latin America silane market generated a revenue of USD 41.8 millions in 2021.
- The market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, mono/chloro silane was the largest revenue generating product in 2021.
- Mono/chloro Silane is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 41.8 millions |
| Market revenue in 2030 | USD 62.0 millions |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Mono/chloro silane |
| Fastest growing segment | Mono/chloro Silane |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Alkyl Silane, Sulfur Silane, Amino Silane, Vinyl Silane, Epoxy Silane, Methacrylate Silane, Mono/chloro Silane |
| Key market players worldwide | Mitsubishi Chemical Group Corp, Shin-Etsu Chemical Co Ltd, Rheinmetall AG, Solvay SA, Dow Inc, Evonik Industries AG, Wacker Chemie AG, China Petroleum & Chemical Corp Class H |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.9% of the global silane market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 925.5 millions by 2030.
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Silane Market Scope
Silane Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America silane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silane market will help companies and investors design strategic landscapes.
Mono/chloro silane was the largest segment with a revenue share of 36.12% in 2021. Horizon Databook has segmented the Latin America silane market based on alkyl silane, sulfur silane, amino silane, vinyl silane, epoxy silane, methacrylate silane, mono/chloro silane covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for silane in Central & South America is mainly driven by the increasing manufacturing of consumer goods, which can be attributed to the increasing demand for plastics, rubber materials, and automotive components. Further, increasing per capita income and expanding consumer goods industry in the region are expected to boost the demand for automotive and consumer goods.
Majority of the countries in the region witnessed significant growth in the GDP rate in 2018 due to growing industrialization, which is expected to continue over the forecast period. In terms of silane consumption, industrial coatings and sealants were among the largest applications in CSA in 2019. Further, the high demand for plastics in automotive, consumer goods, and packaging industries is creating new opportunities for the growth of plastics and rubber compounds.
The ascending consumption of packaged food products such as frozen meals, snacks, and ready-to-eat food in the region owing to changing consumer preferences is expected to propel the demand for silane in plastic packaging applications. These factors are cumulatively projected to contribute to the high demand for silanes in the region over the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silane market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America silane market size, by country, 2018-2030 (US$Ms)
Latin America Silane Market Outlook Share, 2021 & 2030 (US$Ms)
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