Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.26 Billion | USD 3.45 Billion | 4.80% | 2023 |
The global Silicon Tetrachloride market size accrued earnings worth approximately USD 2.26 Billion in 2023 and is predicted to gain revenue of about USD 3.45 Billion by 2032, is set to record a CAGR of nearly 4.8% over the period from 2024 to 2032.
Silicon tetrachloride, also called tetrachlorosilane, is a colorless, inorganic compound that is volatile in nature with a low boiling point. It is a fuming liquid that has a pungent odor and is moisture-sensitive. It easily decomposes in water, in the presence of heat into, to form hydrogen chloride and silicic acid. Silicon tetrachloride is a byproduct of polycrystalline silicon. It is used as an intermediate for synthesizing silicon-based products and surfacing modifying agents. Furthermore, it is incompatible with acids, bases, water, and alkali metals. It is used to produce silica and high purity silicon, which are majorly used in the commercial sector. Additionally, the high purity silicon has a wide range of applications in photo voltaic (PV) cells, semiconductors, and in the production of optical fibers.
The increasing product usage of consumer electronics and data processing sectors are anticipated to fuel the silicon tetrachloride market in the forecast timeframe. Thus, the rising demand for tablets and smartphones and the development of other high-tech communication devices is fuelling the demand for fiber optics, which, in turn, is likely to boost the silicon tetrachloride market in the future. In addition, silicon tetrachloride is majorly used in the semiconductor and photovoltaic industries to manufacture polysilicon and solar PV cells. This, in turn, is anticipated to further contribute toward the expansion of the silicon tetrachloride market in the upcoming years. However, the high initial installation cost might restrain the silicon tetrachloride market on a global scale in the future.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new application launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to the region.
Report Attributes | Report Details |
---|---|
Report Name | Silicon Tetrachloride Market |
Market Size in 2023 | USD 2.26 Billion |
Market Forecast in 2032 | USD 3.45 Billion |
Growth Rate | CAGR of 4.80% |
Number of Pages | 196 |
Key Companies Covered |
Hemlock Semiconductor, Momentive, Tokuyama, Evonik, Shandong Xinlong, Shanghai Xiangjun, Dow Corning, Hubei Jingxing, Air Products, GRINM Electro-optic, Inner Mongolia Dakang, Tianjin Maotong, GCL-Poly, and China Silicon Corporation, among others. |
Segments Covered | By Grade, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
By grade, the silicon tetrachloride market is bifurcated into electronics grade and technical grade. By application, the market is segmented into chemical intermediate, silicone rubber, and optic fiber perform. The chemical intermediate segment is further bifurcated into trichlorosilane and fumed silica.
By region, the global silicon tetrachloride market includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The Asia Pacific is expected to dominate the silicon tetrachloride market in the future, owing to the rising consumption of trichlorosilane in silicone and polysilicon as couple agents, particularly in developing economies, such as China and India. North America is anticipated to hold a substantial share of the global silicon tetrachloride market in the upcoming years, due to the steady growth of polysilicon, which is manufactured using silicon tetrachloride, and the expansion of various end-user industries.
Some major players in the global silicon tetrachloride market are
This report segments the global silicon tetrachloride market into:
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