South Korea Silane Market Size & Outlook, 2021-2030
South Korea silane market, 2018-2030 (US$Ms)
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South Korea silane market highlights
- The South Korea silane market generated a revenue of USD 23.6 millions in 2021 and is expected to reach USD 37.9 millions by 2030.
- The South Korea market is expected to grow at a CAGR of 5.4% 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.
Silane market data book summary
| Market revenue in 2021 | USD 23.6 millions |
| Market revenue in 2030 | USD 37.9 millions |
| Growth rate | 5.4% (CAGR from 2021 to 2030) |
| Largest segment | Mono/chloro silane |
| Fastest growing segment | Mono/chloro Silane |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Korea accounted for 2.2% of the global silane market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China silane market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 143.7 millions by 2030.
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Silane Market Scope
Silane Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 36.44% in 2021. Horizon Databook has segmented the South Korea 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 growth of agricultural sector led to heavy demand for tire and rubber conveyor belts for large machinery and offroad vehicles. This has led to a substantial demand for silane products in the native agricultural sector. Moreover, the expanding industrial manufacturing sector has led to hefty demand for silane across a range of application markets over the past decade.
Further, the increase in construction activities in the country is expected to propel the demand for rubber and plastics across South Korea. Rising consumer disposable income along with rapid infrastructure development in the country is expected to drive construction industry, in turn, steering the demand for silane products.
Furthermore, growing automobile sales have prompted an increase in the regional demand for lightweight plastics, thereby, driving the demand for silane as coupling agents and adhesion boosters across automotive and construction industries in South Korea.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea silane market , including forecasts for subscribers. This country databook contains high-level insights into South Korea silane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea silane market size, by product, 2018-2030 (US$Ms)
South Korea Silane Market Outlook Share, 2021 & 2030 (US$Ms)
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