(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Silicon Tetrachloride Market by Grade (Electronics Grade and Technical Grade) and by Application (Chemical Intermediate (Trichlorosilane and Fumed Silica), Optic Fiber Perform, and Silicone Rubber): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024. According to the report, the global silicon tetrachloride market was valued at approximately USD 1,833 million in 2017 and is expected to generate around USD 2,494 million by 2024, at a CAGR of around 4.3% between 2018 and 2024.
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.
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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.
By grade, the silicon tetrachloride market is bifurcated into electronics grade and technical grade. The electronics grade segment is anticipated to hold the largest market share in the future, owing to the rising demand for electronic gadgets. 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. The chemical intermediate segment held a major market share in terms of value in 2017 and is expected to continue its dominance in the upcoming years as well. Silicon tetrachloride is used to produce polysilicon, which is consumed in the electronics industry as well as in the solar applications. The flourishing electronics sector and the increasing government and industrial investments in the power sector along with new solar energy projects globally are anticipated to result in an increased demand for polysilicon. Thus, the escalating demand for silicon tetrachloride is likely to fuel the silicon tetrachloride market over the forecast timeframe.
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 of the global silicon tetrachloride market are 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.
This report segments the global silicon tetrachloride market into:
Global Silicon Tetrachloride Market: Grade Analysis
- Electronics Grade
- Technical Grade
Global Silicon Tetrachloride Market: Application Analysis
- Chemical Intermediate
- Optic Fiber Perform
- Silicone Rubber
Global Silicon Tetrachloride Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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