DUBAI, United Arab Emirates, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The global silicon tetrachloride sales is expected to create a valuation of about US$ 2,277.4 Mn in 2022. The global business is further estimated to witness a considerable CAGR of 4.5% during the period of 2022 and 2027.
Future Market Insights (FMI) has published a new research titled “Silicon Tetrachloride & Derivatives Market: Global Industry Analysis 2012 - 2021 and Opportunity Assessment 2022 - 2027.” The report states that the demand for silicon tetrachloride is likely to be driven by the growing demand for chemical intermediate manufacturing. As silicon tetrachloride is employed as an intermediate in the production of polysilicon, its demand in certain vertical industries is also increasing and is expected to remain on the same track in the coming years.
The global Silicon Tetrachloride Market is expected to witness a CAGR of 4.5% from 2022 to 2027. The market is expected to reach a valuation of over US$ 2,846 Mn by the end of the forecast period.
| Base Year Value (2021) | US$ 2,179.3 Mn | |
| Estimated Year Value (2022) | US$ 2,277.4 Mn | |
| Projected Year Value (2027) | US$ 2,846.0 Mn | |
| Value CAGR (2022-2027) | 4.5% | |
| Collective Value Share: Top 3 Countries (2022E) | 66.3% | |
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Growing Demand for Optic Cable to Bode Well for Market Growth
High purity silicon tetrachloride is a major raw material used for the manufacturing of optic cable preform, which is used in the manufacturing of optic cables. In the recent past, supported by the growth of 4G, 5G, LTE, FFTx and the IoT, there has been a significant increase in the demand for optic cables across the globe. China, U.S. and Japan constitute around 80% of total optic cable preform manufacturing and in terms of consumption, China accounted for nearly 58% of total optic fibre preform in 2022. A constantly increasing demand for optic cables will boost the demand for optic cable preform, which will subsequently drive the silicon tetrachloride market over the forecast period.
However, the government of China has imposed rules and regulations on the manufacturing of silicon tetrachloride, which is produced as a by-product during the production process of polysilicon. The government of China has imposed a minimum recycle rate of 98.5% on silicon tetrachloride and the initial capital cost of silicon tetrachloride recycling facility is high and the operating cost is high as well, which in turn, is increasing the price as well as limiting the supply of silicon tetrachloride. This might adversely affect the growth of the silicon tetrachloride market over the forecast period.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2027 |
| Historical Data Available for | 2012-2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America, Latin America Middle East & Africa, Europe, India, China, Japan, South Asia & Pacific |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, India, Taiwan, ASEAN, Brazil, Mexico, GCC Countries, Northern Africa, South Africa |
| Key Segments Covered | Grade, Application and Region |
| Key Companies Profiled | • 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 | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Adoption of Silicon Tetrachloride to be High in China Among all Regions
The growing use of silicon tetrachloride in China can be attributed to the lucrative growth of the solar industry in the region. One of the core raw materials used in the manufacturing of solar panels is silicon tetrachloride. The focus on solar energy in the region is expected to spur the demand for silicon tetrachloride in the coming years. Moreover, the snowballing effect of the semiconductor industry and the rising progress of the paints and coatings industry is anticipated to increase the adoption of silicon tetrachloride in the region in the years ahead.
The increasing demand for chemical intermediate in the manufacturing industry is also expected to propel the demand for silicon tetrachloride in the region. However, the dependence of the region on cyclical end-use industries and the several restrictions imposed on silicon tetrachloride owing to harmful health impacts might slow down the growth of the market in the region.
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Evonik Industries to Emerge Undefeated
In 2021, Evonik Industries accounted for over 40% of the global market share and is expected to retain its dominance in the market over the course of the forecast period. The other companies operating in the market are Cabot Corp., Wacker Chemie AG, The Linde Group, DowDuPont Inc., Tokuyama Corporation, Air Liquide S.A., and OCI Company Ltd., among others.
Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain
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Silicon Oil Market - Polydimethylsiloxane (PDMS) is a silicon-based organic polymer, which is commonly known as silicon oil. Silicon oil is a group of polymeric and monomeric compounds that constitutes of silicon-oxygen bonds named organosiloxane.
Silicone Fluid Market - Silicones, also known as polydiorganosiloxanes, are of great commercial use as it has relatively high thermal stability and lubricating properties. Silicone fluids have siloxane backbones and organo-functional groups, which are thermally stable.
Polycrystalline Silicon Market - Polycrystalline silicon is a high purity form of silicon also referred to as Poly-Si or polysilicon. Polycrystalline silicon is used as raw material for solar photovoltaic and electronics industry.
Silicone Tapes Market - Silicone tapes are manufactured from cured silicone rubber, a type of elastomer that provides extended life and durability in its end use as a protective tape. It generally consists of a thin layer of silicone gel in order to make it fuse to itself (self-fusing), to form a permanent bond around any substance it is applied to.
Silicon Nitride Market - Silicon Nitride (Si3N4), a non-oxide advanced ceramic material characterized primarily by hardness, toughness, high strength, excellent thermal and chemical stability.
Silicon Carbide (SiC) Coating Market - The global specialty coating market is growing at a good pace. Silicon carbide (SiC) coating is a specialty coating which is made up of compounds of silicon and carbon. Silicon carbide is a synthetically manufactured compound in general.
Silicone Textile Softeners Market - Silicone is the common chemical used in textile processes such as dyeing and finishing. Silicone textile softeners are generally used to enhance the softness of fabrics.
Silicon Germanium Material Market - Silicon germanium material is an alloy with a particular molecular ratio of silicon and germanium. Silicon germanium material is majorly used as a semiconductor material in various applications.
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