The silyl-modified polymers market is poised to grow at a CAGR of around 4.6% from 2019-2029, according to a report from Fact.MR, as demand for new and lightweight assembly materials in transportation and wind energy applications soars. The market is also witnessing an increase in consumer preferences for adhesive bonding over mechanical fasteners.
With silyl-modified polymers offering features of both polyurethane and silicon, the market is receiving immense traction. Key manufacturers are unlocking gains in market share on the back of silyl-modified polymers’ waterproof, UV-resistive, and stain-free properties. Additional highlights from the report include:
- Silane-terminated polyether (SPE) is projected to maintain its supremacy over silane-terminated polyurethane (SPUR), accounting for three-fourths of market revenue by 2029.
- Building and construction will also drive demand for silyl-modified polymers, accounting for nearly half of the demand and $107 million by the end of 2029.
- Emerging markets like China, India, and Mexico are forecast to account for more than one-fourth of the market share by the end of 2029.
- East Asia is expected to continue its dominance over other regions through 2029, while South Asia and Oceania are set to register a steady growth rate.
- The presence of alternatives such as acrylic, polyvinyl acetate, polyurethane, styrenic polymer, epoxy resins, and others will hinder market growth.
Introduced in 1980, silyl-modified polymers have plenty of room for commercialization, in mature as well as in emerging markets. A number of capacity expansions, production launches, and innovative products have been deployed by stakeholders in this market. Additional details are available at www.factmr.com.