Silicon Tetrachloride Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Silicon Tetrachloride Market grew at a CAGR of 4.0% between 2017-2021 and is estimated to be US$ 2,548.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.8% and is expected to reach a valuation of US$ 4,073.0Mn by 2032 end.
Because silicon tetrachloride has many uses across many industries, demand has increased. The increased demand for chemical intermediates is mostly due to the rising use of fumed silica and trichlorosilane, which serve as the primary raw materials for producing these two products. Players in the global silicon tetrachloride market are looking into expanding their range of applications to maximize their market potential.
ChemView Consulting has analyzed that due to the widespread usage of semiconductors in producing electronic goods, their demand has seen a spectacular increase worldwide. Throughout the analysis, the rapid expansion of GPS, communications, and electronics device production will probably significantly impact the growth of the global silicon tetrachloride market.
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Polysilicon is utilized in the electronics and solar industries and is made using trichlorosilane. Demand for polysilicon is anticipated to rise due to the major expansion of the solar and electronics sectors, increased public and private investments in the power sector, and the development of new solar energy projects globally.
Segments Covered in Report
By Grade:
- Electronics Grade
- Technical Grade
By Application:
- Chemical Intermediate
- Silicone Rubber
- Optic Fiber Preform
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Silicon Tetrachloride Market
- Based on the application, the intermediate chemical market is anticipated to expand over the forecast period at a notable CAGR of 4.6%. Polysilicon is utilized in the electronics and solar industries and is made using trichlorosilane. Demand for polysilicon is anticipated to rise due to the major expansion of the solar and electronics sectors, increased public and private investments in the power sector, and the development of new solar energy projects globally.
- Based on the region, with a market share of 27.4%, North America is also anticipated to be a significant market, largely because of the region’s skilled workforce and early adoption of cutting-edge communication technologies. Over the expected period, it is also anticipated that the presence of significant companies in the North American region, particularly in the United States, will increase demand for silicon tetrachloride.
Competition Summary
Key companies covered in the market study are Evonik Industries AG, DowDupont Inc., Air Products and Chemicals Inc., The Linde Group, Inner Mongolia Dakang Industrial Co., Ltd., Tokuyama Corporation, Shandong Xinlong Group, Air Liquide, Cabot Corporation, Wacker Chemie AG ., OCI Co Ltd., Mitsubishi material corporation, GCL Poly Energy Holding Limited, TBEA Co. Ltd
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
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