Silicon Tetrachloride Market is Set for Rapid Growth through 2031

Silicon Tetrachloride Market Growth
 Silicon Tetrachloride Market Growth



Silicon tetrachloride, also known as tetrachlorosilane, is an inorganic compound with the formula SiCl4. It is a colorless volatile liquid used in the production of high-purity polycrystalline silicon, which is further processed to manufacture solar photovoltaic cells and panels. Silicon tetrachloride plays a vital role in the production of polysilicon, which is the essential raw material used to manufacture solar cells. The rapid growth of the solar industry globally has been a key factor fueling the demand for silicon tetrachloride in recent years. Additionally, silicon tetrachloride also finds applications in the production of silicone polymers and rubbers, which are used across various end-use industries such as construction, automotive, aerospace, etc. The rising expenditure on infrastructure development and growing automotive production are positively impacting the silicon tetrachloride market.

The global silicon tetrachloride market is estimated to be valued at US$ 3.33 Bn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the  Silicon Tetrachloride Market Growth are Tokuyama Chemicals Co. Ltd, Evonik Industries, PCC Group, Shandong Xinlong Group Co Ltd, Air Products and Chemicals, Inc, Momentive Specialty Chemicals Inc., Merck KGaA, Dow Corning, ATCO, Hemlock Semiconductor Corporation, Reade International Corp, Alfa Aesar, Vizag Chemicals, Ennore India Chemicals, and RX CHEMICALS. These players account for a significant market share and are engaged in expansion strategies such as mergers & acquisitions and new production facility construction to strengthen their market presence.

The increasing global solar PV installations due to supportive government policies promoting renewable energy present significant growth opportunities for silicon tetrachloride manufacturers. Global solar PV installation was around 139 GW in 2021 and is projected to reach over 300 GW by 2030. This rapid installation of solar panels will propel the demand for polysilicon and boost the silicon tetrachloride market.

Expanding the global production footprint allows market players to serve the growing international demand efficiently. Leading manufacturers such as Hemlock Semiconductor have production facilities located in the US, Korea, Taiwan, and Virginia to cater to the strong global demand. New production units are also being established by market players in top solar PV markets such as China, India, and the Middle East & Africa.

Market Drivers

Rapid growth of the global solar PV industry: Silicon tetrachloride serves as a key feedstock material for the production of polysilicon that is used to manufacture solar photovoltaic cells and panels. The strong market outlook for solar PV installations globally will drive the demand for silicon tetrachloride over the coming years.

Silicon tetrachloride serves as a key feedstock material for the production of polysilicon that is used to manufacture solar photovoltaic cells and panels. The strong market outlook for solar PV installations globally will drive the demand for silicon tetrachloride over the coming years. Applications in silicones production: Silicon tetrachloride is also utilized in the manufacturing of silicones and silicone products that have wide usage across construction, automotive, consumer goods, and other industries. The prosperous growth of end-use sectors will positively influence the silicon tetrachloride market.

Market Restraints

Stringent environmental regulations: Production of silicon tetrachloride involves complex manufacturing processes that release harmful emissions. Strict environmental norms towards reducing carbon footprint may restrain the growth of silicon tetrachloride production facilities.

Volatility in raw material prices: Fluctuations in the prices of key feedstock materials including tricholorosilane and hydrochloric acid may unstable the silicon tetrachloride production costs, thereby impacting the market revenue in the short term.


Segment Analysis
The silicon tetrachloride market is dominated by the semiconductor grade segment. This segment accounted for over 60% share in 2024. Semiconductor grade silicon tetrachloride finds wide application in the semiconductor industry for manufacturing of integrated circuits and other advanced electronics. It is used as a raw material for manufacturing polysilicon which is further used for manufacturing solar panels and silicon wafers. The continually growing demand for electronics and semiconductor components from various end use industries such as automotive, consumer electronics is driving the demand for semiconductor grade silicon tetrachloride.

Global Analysis
The Asia Pacific region dominated the global silicon tetrachloride market in 2024 and accounted for around 55% of the overall sales. China held the largest share within the region primarily due to presence of robust electronics and semiconductor manufacturing industry. Taiwan and South Korea are other major countries driving the demand for silicon tetrachloride in Asia Pacific. North America and Europe are other major regions for silicon tetrachloride market. The demand in these regions is expected to be driven by growing solar panel installations and electronics manufacturing industry. Latin America and Middle East & Africa are expected to witness fastest growth during the forecast period with expanding electronics and semiconductor industries in countries like Brazil, Mexico, Turkey and GCC countries.

 

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