The global silicon tetrachloride market size is expected to reach US$ 3.32 billion by 2030 from USD 2.08 billion in 2020 and is expected to grow at an impressive double-digit rate of 4.9% from 2021 to 2030.
The study includes drivers and restraints of this market.
The study provides an analysis of the global silicon tetrachloride market for
the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is
considered as the base year.
Report Highlights:
- Among the grade segment, electronics grade dominated the overall market in 2020. Silicone tetrachloride has major applications in the field of semiconductors and PV (photovoltaic) cells. Thus, electronics grade silicone tetrachloride captures the maximum share by grade segment.
- The polysilicon segment accounted for the major share of revenue in the derivatives segment with more than 67% share in 2020 due to high demand for polysilicon in electronics and solar photovoltaic industry. Polysilicon is a chief feedstock substance used for the manufacturing of solar cells in recent times.
- Chemical intermediate accounted for the largest revenue in the application segment. Silicon tetrachloride is used as an intermediary for manufacturing silicon-based commodity. Optic fiber preform segment is expected to grow at the highest growth rate through the estimate duration.
- Evonik Industries AG, Dow Corning (Dow), and Linde Plc accounted for a significant share of the global silicon tetrachloride market.
Why should you invest in this report?
If you are aiming to enter the global silicon tetrachloride
Market, this report is a comprehensive guide that provides crystal clear
insights into this niche market. All the major application areas for silicon
tetrachloride are covered in this report and information is given on the important
regions of the world where this market is likely to boom during the forecast
period of 2021-2030, so that you can plan your strategies to enter this market
accordingly.
Besides, through this report, you can have a complete grasp
of the level of competition you will be facing in this hugely competitive
market and if you are an established player in this market already, this report
will help you gauge the strategies that your competitors have adopted to stay
as market leaders in this market. For new entrants to this market, the
voluminous data provided in this report is invaluable.
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Growth Factors
Factors such as high demand for smartphones and other hand-held multimedia devices, growing demand for fiber optics, development of advanced communication equipment’s, increasing applications of fiberoptics in aerospace and oil and gas industries, high growth in the consumer electronics sector, growing semiconductor market, increasing market for solar PV, launch of 5G services are driving the growth of Silicon tetrachloridemarket.Moreover, increasing demand for fiber optics in the Asia Pacific regionisdriving the silicon tetrachloridemarket growth. Additionalfeatures that are expected to fuel this businessare integration of latest manufacturing technologies and growing investment by governments.
Silicon tetrachloride is the major source of pure silicon while manufacturing polysilicon for photovoltaic cells. Extracting silicon from silicon tetrachloride consumes much lower energy and cost as compared to silicon produced from raw silica. In addition to that, silicon tetrachloride is a byproduct of polysilicon manufacturing from metallurgical-grade silicon. For each ton of polysilicon, 3-4 tons of silicon tetrachloride is produced. Hence polysilicon manufacturers prefer silicon tetrachloride instead of raw silica to save on cost, energy, and time. Moreover, the government from various countries has enforced laws to prevent unauthorized dump of toxic silicon tetrachloride. For instance, in China, 98.5% silicon tetrachloride produced as a byproduct is required to be recycled which compels manufacturers to adopt silicon tetrachloride as a raw material for polysilicon production. Rising consumption of silicon tetrachloride for polysilicon manufacturing is the primary driver of the silicon tetrachloride market.
The report includesinformation for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the Asia Pacificregion dominated the worldwide market with a market share of higher than46%. China and India indicated the highest slice in Asia Pacific principallydue to high demand for fiber optics and high smartphone use. Moreover, launch of 5G connectivity and availability of large labor force also supported the high market portion of Asia Pacific. The Asia Pacific region is also projected to grow at the highest CAGR of around 5.3% in the estimate period due to increasing investment by key companies on latest technologies.
North America was the subsequent significant market chiefly due topresence of skilled professionals and early adoption of latest communication technologies. Presence of major companies in the North American region is also expected to lift the demand for Silicon tetrachloride in the anticipated time-span. Latin America and Middle East and African region will display noticeable growth.
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Key Market Players and Strategies
The key companies functioning in the worldwide silicon tetrachloride market are Momentive Performance Materials, Heraeus Holding, Linde Plc, Evonik Industries AG, Dow Corning (Dow), Air Products and Chemicals Inc., Tokuyama Chemicals (Zhejiang) CO. Ltd., OCI Co. Ltd., Shandong Xinlong Group Co. Ltd., Hubei Jingxing Service and Technology Co. Ltd., Air Liquide S.A., and American Elements among others.
Increased spending on research and development along with mergers, acquisition, and collaborations are the important strategies taken up by manufacturers operational in the global silicon tetrachloride market. Moreover, leading companies are investing heavily on research and development for the use of silicon tetrachloride in new sectors.
- Technical Grade
- Electronics Grade
By Derivatives
- Fumed Silica
- Polysilicon
By Application
- Silicone Rubber
- Optic Fiber Preform
- Chemical Intermediate
- Others
Regional Analysis:
The geographical analysis of the global silicon
tetrachloride Market has been done for North America, Europe, Asia-Pacific,
and the Rest of the World.
The North American market is again segmented into the US,
Canada, and Mexico. Coming to the European market, it can be segmented further
into the UK, Germany, France, Italy, Spain, and the rest. Coming to the
Asia-Pacific, the global silicon tetrachloride Market is segmented into China,
India, Japan, and Rest of Asia Pacific. Among others, the market is segmented
into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of
the Middle East & Africa).
Key Questions Answered by the Report:
- What
will be the size of the global silicon tetrachloride Market in 2030?
- What
is the expected CAGR for the silicon tetrachloride Market between 2021 and
2030?
- Which
are the top players active in this global market?
- What
are the key drivers of this global market?
- How
will the market situation change in the coming years?
- Which
region held the highest market share in this global market?
- What
are the common business tactics adopted by players?
- What
is the growth outlook of the global silicon tetrachloride Market?
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