Silicon Tetrachloride Market, By Grade Type (Electronic Grade, Technical Grade, and Others), By Application (Chemical Intermediate, Optic Fibres, Semiconductors, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI6967

Pages :130

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Concentration and Competitive Landscape

Silicon Tetrachloride Market Concentration By Players

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Rising Solar PV Installations

Another key driver for the silicon tetrachloride market is the increasing installation of solar photovoltaic systems globally. Solar energy has emerged as one of the most viable and sustainable sources of renewable energy. Many countries have outlined ambitious targets to increase the share of solar and other renewable sources in their energy mix to reduce dependence on fossil fuels and mitigate climate change. The cost of solar modules based on polysilicon technology has declined significantly over the years which has made large-scale deployment of solar projects commercially feasible. Rising concerns over carbon emissions and focus on energy security are encouraging both commercial and residential consumers to install rooftop solar panels. This growing solar PV market is propelling the demand for polysilicon which acts as raw material for solar cells. As silicon tetrachloride remains the primary feedstock for producing polysilicon, its demand is expected to continue rising with global additions in solar power generation capacity.

Key Players Insights