Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 131.42 Million | USD 271.74 Million | 9.58% | 2022 |
FrequentlyAsked Questions
Silicon monoxide depicted with the chemical formula SiO, is a solid amorphous chemical compound. The main characteristic of silicon monoxide is the absence of an X-ray diffraction pattern.
The global silicon monoxide market is primarily influenced by the growing demand for anode material in batteries. Silicon monoxide is used extensively to prepare the anode part of lithium-ion batteries (Li-ion) along with other forms of rechargeable batteries.
According to study, the global silicon monoxide market size was worth around USD 131.42 million in 2022 and is predicted to grow to around USD 271.74 million by 2030.
The CAGR value of the silicon monoxide market is expected to be around 9.58% during 2023-2030.
The global silicon monoxide market is anticipated to witness the highest growth in North America. The region is currently the largest producer of SiO.
The global silicon monoxide market is led by players like OSAKA Titanium Technologies, Materion, Shin-Etsu Chemical, EMD Performance Materials (Merck), Rearth Technology, BTR, Jayu Optical Material, Shanshan Group, and Taizhou Dongfang Coating Material.
The global silicon monoxide market explores crucial aspects of the silicon monoxide market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the silicon monoxide market.
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