Silyl Modified Polymer Market Size, Share, Growth and Industry Analysis by Type (Polyurethane Type, Polyamine Ether Type, And Other) By Application (Construction, Automotive, General Industry, And, Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Silyl Modified Polymer Market REPORT OVERVIEW

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global silyl modified polymer market size was USD 854.1 million in 2022 and market is projected to touch 1382.9 Million by 2031, exhibiting a CAGR of 5.5% during the forecast period.

Silyl Modified Polymer (SMPS) are a group of polymers that consist of silyl groups that are highly reactive in nature. With the help of these groups the polymers will be able to take part in moisture-cure reactions. This will in turn help in the formation of cross-linked networks. These substances have various applications in the market.

SMPs products are used in various industries such a transportation, healthcare, adhesives, and, automotives. Eco-friendly SMPs are also being manufactured. This is considered as the latest trend in the market.

Increasing demand from adhesive market will fuel the market growth. Silyl modifier polymer exhibit several superior features such as high durability, strength, and resistance to external factors. All of these factors have contributed in the development of the silyl modified polymer market growth.

COVID-19 impact:  Decrease in Share of Adhesive Market During Pandemic Reduced Market Growth

The pandemic of COVID-19 led to the disruption in the livelihood of people across all the countries. All the economies collapsed due to less or no demand for the markets at all. The outbreak of infectious coronavirus led to an increase in the death rates, accompanied with recession.

Manufacturers and owners of large-scale companies faced shortage in the working capital and investments required for the operation of industries. Some of the sectors that were severely affected during the pandemic included automotive, agriculture, construction, and adhesive industry. Silyl modified polymers are used in the manufacturing of adhesives as well as sealants. All of these factors reduced the demand for silyl modified polymer market during the pandemic period.

LATEST TRENDS

"Production of Sustainable SMP Products to Increase Market Growth"

Key industry players constantly find ways to improve the quality of products. Similarly, manufacturers are focusing on developing silyl modified polymers that are sustainable, eco-friendly and very less harmful to the environment. Usually SMP products contain certain toxic, and poisonous substances.

Measures are now being taken to reduce the toxin or hazardous substances that are present in these modifiers. Substances such as heavy metals, solvents, and isocyanates are mixed with SMPs. New manufacturing methods are being introduced to remove all these substances. Therefore, eco-friendly SMPs are being developed to reduce the carbon footprints. This is considered as the latest trend in the market.

Silyl Modified Polymer Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments.

Polyurethane type, polyamine ether type, and other.  The polyurethane type segment is expected to lead the market during the forecast period.

• By Application:

Classification based on application is as follows:

Construction, automotive, general industry, and, others. The construction segment is the segment that is expected to lead the market during the forecast period.

DRIVING FACTORS

"Growing Demand for Sealants and Adhesives to Propel Market Growth"

Adhesives and sealants are required in the manufacturing of various components in different sectors. They are required in the packaging industry, construction, healthcare, and automotive sector to put all the parts together. These adhesives are manufactured with the sue of silyl modified polymers. The increasing demand for adhesives has created lucrative growth opportunities for the market.

SMPs also exhibit many improved functional properties such as great flexibility, high strength, and faster curing time. Apart from these properties they also exhibit more adhesion, greater resistance towards external factors such as weathering or any chemicals. The VOC content in SMPs is very less and hence they are considered to be less hazardous. All of these factors are driving the market growth and development.

"Use of Silyl Modifier Polymer in Transportation Sector to Amplify Market Growth"

Along with being used in automotive sector, and medical industry, SMPs are also very useful in the transportation sector. Transportation industry usually makes use of high-performance materials, and also components that are strong, flexible, and lightweight. These polymers are used in the production of such components.

Installing a polymer modifier can be of great help in reducing the weight of the final product. When the final product is light-weight it provides better performance as it becomes energy-efficient, reducing the transmission of harmful emissions. SMPs also provide protection against ultraviolet radiations, high temperature, and moisture. This makes them highly suitable for outdoor applications. All of these factors are amplifying the silyl modified polymer market share.

RESTRAINING FACTOR

"Limited Adoption of Silyl Modifier Polymer in Small Scale Industries to Decrease Market Growth"

Silyl modifier polymers provide a lot of advantages due to their superior features. However, they also have certain limitations that can hamper the market growth. One of them includes the limited adoption of these modifiers in medium-scale or small-scale industries. This is because of the high cost of silyl modified polymer. This factor can hamper market growth.

When compared to the conventional adhesives, and sealants these modifiers are costly as they make use of certain high-quality materials. Therefore, they are considered to be unaffordable by small scale or medium scale industries and are preferred only by large scale industries. These factors can have a negative impact on market growth.

Silyl Modified Polymer Market Regional Insights

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"Europe to Dominate Market During Forecast Period"

Europe is forecasted to dominate the market share during the research period. A lot of factors have helped in the development of market in this region. The demand for sustainable and eco-friendly products is very high in this region. Silyl modified polymer with sustainable features are being developed in the market.

There are several rule, regulations, and restrictions regarding the use of hazardous substances. Therefore, manufacturers are trying to produce silyl modifiers that are less toxic in nature. The wide range of applications provided by these substances will drive the market growth in Europe.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Kaneka (Japan)
• Bostik (France)
• Henkel (Germany)
• Wacker (Germany)
• Evonik (Germany)
• 3M (U.S.)
• DuPont (U.S.)
• H.B. FULLER (U.S.)
• Hodgson Sealants (U.K.)
• Risun Polymer (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. FAQs have also been given to outline the report.