Global Silicon Tetrachloride Market Report and Forecast 2024-2032

Global Silicon Tetrachloride Market Outlook

The global silicon tetrachloride market witnessed a healthy growth in the historical period of 2018-2023. The market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for Optical Fibre to Aid the Growth of the Global Market for Silicon Tetrachloride

The silicon tetrachloride industry is driven by the rising demand for optical fibre, which is a major application segment of silicon tetrachloride. There is an overall spurt in the demand for technological products like tablets, smartphones, and the emergence of other high-tech communication devices that incorporate the use of optic fibres in the manufacturing process; as a result, the silicon tetrachloride industry is rising. The fibre optics have varied applications, including but not limit to oil and gas, military, and aerospace.

Region-wise, the market for silicon tetrachloride and the ultra-pure variant of the product is witnessing a rise in China, which is supporting the expansion of silicon tetrachloride within the Asia Pacific region. The demand for consumer electronics, as well as data processing, is expected to accelerate over the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Silicon Tetrachloride: Market Segmentation

Silicon tetrachloride is a colourless inorganic compound, which is volatile in nature and has a low boiling point. It is used as a surface modifying agent and as an intermediate in the synthesis of silicon-based products. The chemical can be obtained in the form of a by-product of polycrystalline silicon.

On the basis of application, the market is divided into:

• Chemical Intermediate
• Semiconductors
• Photovoltaic Cells
• Optical Fibre
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for High Purity Silicon and Silica to Aid the Global Market Growth of Silicon Tetrachloride

The market for silicon tetrachloride is driven by the growing demand for high purity silicon and silica for commercial purposes, as it is used in the manufacturing of silicon and silica. The market for silicon tetrachloride is driven by the rising demand for semiconductors and photovoltaic (PV) cells, which utilises high purity silicon. The chemical is corrosive to metals in the presence of moisture, and the pure variant is non-flammable. The chemical is used to synthesise various silicon-based chemicals and, also, in chemical analysis. Further, silicon tetrachloride is widely used in the production of semiconductors and optical fibre. The market for silicon tetrachloride is witnessing a high demand owing to budding industries of communications, electronics, and GPS devices manufacturing industries across the world.

Key Industry Players in the Global Silicon Tetrachloride Market

The report gives a detailed analysis of the following key players in the global silicon tetrachloride market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Evonik Industries AG
• Air Products and Chemicals, Inc
• Momentive Specialty Chemicals Inc.
• Shandong Xinlong Group
• Merck KGaA
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report