Silicon Tetrachloride Market

Silicon Tetrachloride Market Size Analysis

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.

In the first half of 2022, demand for silicon tetrachloride increased by 10 units compared to earlier predictions for the same period. However, the market is anticipated to grow by 40 BPS more than it did in H1 2021. The massive demand from the electronics, automotive, construction, and other end-use industries is responsible for the market’s rapid growth during the first half of the forecast period.

Due to its expanding use in producing optical fiber preforms and polysilicon via trichlorosilane, silicon tetrachloride demand is also anticipated to increase.

Market Dynamic

AN UNPRECEDENTED RISE IN THE DEMAND FOR OPTIC FIBER IS EXPECTED TO SHOOT UP DEMAND

In the absence of moisture, silicon tetrachloride is corrosive to metals and is not combustible in its pure state. In addition to being used in chemical analysis, it produces various silicon-based compounds. The chemical is also utilized in the production of semiconductors and optical fibers.

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.

RISING DEMAND FOR HIGH-PURITY SILICON AND SILICA TO AID THE GLOBAL MARKET GROWTH OF SILICON TETRACHLORIDE

Due to its use in the production of silicon and silica, the market for silicon tetrachloride is being pushed by the rise in demand for high-purity silicon and silica for commercial applications. The need for semiconductors and photovoltaic (PV) cells, which use high-purity silicon, is driving the market for silicon tetrachloride. The chemical corrodes metals in the presence of moisture, and the pure form is not flammable.

The substance is employed in the chemical analysis and manufacturing several silicon-based implications. Additionally, silicon tetrachloride is frequently used to manufacture optical fiber and semiconductors. Due to the global expansion of the communications, electronics, and GPS device production industries, silicon tetrachloride is in great demand on the market.

Market 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)

Segment-Wise Analysis

How will the growth of the intermediate chemical segment of Silicon Tetrachloride impact the Market?

Over the forecast period, the intermediate chemical market is anticipated to expand 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.

As a result, there is a rise in the demand for trichlorosilane, raising the need for silicon tetrachloride. Additionally, the creation of silicon tetrachloride as a waste product from the production of polysilicon and its ongoing recycling help to maintain a constant supply of silicon tetrachloride for the production of trichlorosilane.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• 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.
• Asia Pacific is predicted to lead the worldwide silicon tetrachloride market throughout the assessment. Asia Pacific is anticipated to continue leading the way in regional market growth, driven by its high demand from China and India. The region’s growth is credited to the increased use of polysilicon as a couple agent and trichlorosilane in silicone.

Competition Analysis

Producers have recently shifted their attention to developing nations to meet the rising demand for silicon tetrachloride. Several significant players also focus on increasing their production capacity, R&D expenditures, partnerships, and mergers and acquisitions.

The key developments in the Global Silicon Tetrachloride Market:

• In July 2014, a joint venture between Evonik Industries and GCL-Poly Energy Holdings Limited (GCL-Poly) was established in China to produce ultra-pure silicon tetrachloride and fumed silica.

A list of some of the key suppliers present in the market 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

Report Coverage and Highlights

• 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 impacting the 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.