The ‘Global Silicon Tetrachloride Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global silicon tetrachloride market share, assessing the market on the basis of its segments like applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 4%
The rising applications of silicon tetrachloride in the manufacturing process of high purity silicon is driving the market growth. High purity silicon is witnessing increasing applications in metallurgy and alloy production which is in turn boosting the demand for silicon tetrachloride. Meanwhile, silicon tetrachloride is also crucial for manufacturing smoke screens, which are witnessing a heightened demand from the military sector.
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Silicon tetrachloride is extensively applied in the manufacturing of silicon-based semiconductors. In this regard, the rising demand for electronic devices such as smartphones, digital cameras, and laptops, among others, is propelling the silicon tetrachloride market growth.
Moreover, the anticipated increase in demand for high purity silicon tetrachloride in the production of optical fibers is likely to be another crucial driving factor of the market. Over the forecast period, wide applications of optical fibers in various industries including healthcare, IT and telecom, and communications, etc., is estimated, which will in turn generate a remarkable demand for silicon tetrachloride.
In terms of regions, the Asia Pacific accounts for a significant share in the silicon tetrachloride market. The is a strong presence of silicon tetrachloride producers across the emerging economies including China. The rising demand for consumer electronics in the region is further improving the supply-demand chain which is another invigorating factor.
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Silicon Tetrachloride Industry Definition and Major Segments
Silicon tetrachloride is defined as a chemical compound with pungent odour. It appears colourless and is extremely volatile in nature. Reacting with moisture existing in the atmosphere, silicon tetrachloride is corrosive towards metals and tissues. The major application domain of silicon tetrachloride is the chemical sector in which it is used for the analysis and manufacture of various chemicals.
Based on application, the market can be segmented into:
Chemical Intermediate
Semiconductors
Photovoltaic Cells
Optical Fiber
Others
On the basis of region, the silicon tetrachloride market can be categorised into:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Silicon Tetrachloride Market Trends
The increasing demand for silicon tetrachloride to make high-end silicon products to cater to the demands of various end-use industries is a crucial trend in the silicon tetrachloride market. In addition to this, technological advancements across sectors such as defence and automotive are bolstering the demand for silicon integrated circuits which will in turn boost the requirement for silicon tetrachloride.
In December 2020, JFE Steel, a leading innovator based in Japan, announced the introduction of JNRF, a gradient sheet for high velocity motors derived from silicon. This gradient sheet was made using the chemical vapor deposition technique which involves the reaction of silicon tetrachloride with steel strips.
Rapid digitalisation, industrialisation, and advancements in enterprises are some of the major trends propelling the incorporation of downstream electronic gadgets with silicon tetrachloride. The robust research and development activities across aerospace and electrical and electronics industry are aiding factors for the silicon tetrachloride market.
Moreover, the increasing efforts by the prominent silicon tetrachloride manufacturers aimed towards increasing production capacities and expanding their product portfolio is likely to be another major trend in the market. However, the geopolitical tensions between sovereign nations are likely to pose a challenge to the market by hindering the efficiency of the value chains of the product.
Key Market Players
The major players in the silicon tetrachloride market report are:
Evonik Industries AG
Air Products and Chemicals, Inc
Momentive Specialty Chemicals Inc.
Shandong Xinlong Group
Merck KGaA
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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