SILICON TETRACHLORIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Global Silicon Tetrachloride Market is estimated to be valued at USD 2.58 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The global silicon tetrachloride market has been growing steadily over the past few years. Silicon tetrachloride, also known as tetrachlorosilane, is an inorganic compound with the formula SiCl4. It is a colorless liquid that is widely used as an intermediate in the production of high-purity polysilicon for the semiconductor and solar photovoltaic industries. Rising demand for semiconductors from various end-use industries like electronics, automotive etc. and increasing solar panel installation are the major factors driving the growth of the silicon tetrachloride market. Advancements in wafer manufacturing technologies have also propelled the need for high-purity polysilicon which in turn is boosting the silicon tetrachloride market. However, stringent environmental regulations regarding its production and transportation could potentially hamper the market growth.

 Market Dynamics:

The key drivers fueling the global silicon tetrachloride market include growing demand from the semiconductor industry and increasing solar PV installations. Rising electronics production fueled by proliferation of consumer devices is increasing the demand for semiconductors which in turn is driving the need for high-purity polysilicon made from silicon tetrachloride. However, stringent environmental regulations governing silicon tetrachloride due to its hazardous nature and high production costs pose a challenge to market growth. On the positive side, technological advancements in polysilicon production processes and strategic expansion plans by leading players are expected to create new opportunities for market expansion over the forecast period.

 Key Features of the Study:

• This report provides an in-depth analysis of the global silicon tetrachloride market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global silicon tetrachloride market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global silicon tetrachloride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global silicon tetrachloride market.

Detailed Segmentation-

• By Grade Type:
  • Electronic Grade
  • Technical Grade
  • Others
• By Application:
  • Chemical Intermediate
  • Optic Fibres
  • Semiconductors
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• 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
• RX CHEMICALS