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.
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 Region and Country:
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
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:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Grade, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.8%.
The unprecedented rise in the demand for optic fiber is expected to shoot up demand
Major global Silicon Tetrachloride Market players 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
North America is expected to account for the largest market revenue share in the Global Silicon Tetrachloride market.
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