Silicon Monoxide Market By Product ((3N)99.9%, (4N)99.99%, and Others), By Application (Coating Applications, Anode Material Application, and Others), and By Region - Trends, Analysis and Forecast till 2030

Silicon Monoxide Market accounted for USD 87.29 Million in 2020 and is estimated to be USD 259.63 Million by 2030 and is anticipated to register a CAGR of 11.5%.

Silicon monoxide (SiO) is highly insoluble and thermally stable source of silicon. Silicon is stable at room temperature, but at 400°C X-Ray readings show traces of oxidation and reduction of products. The stability and insolubility of this compound make them useful for preparation of different types of ceramic structures and glass structures for a simple application of producing clay bowls to light weight structural components in aerospace. Silicon monoxides are available in powder, pellets, sputtering targets, pieces, tablets, and Nano-powder.

High deposition rate

Silicon monoxide is a needed material due to its high deposition rate and ease of evaporation using low cost resistance heat coating system which is the major factor driving the growth of silicon monoxide market. Similarly, increasing demand for anode based silicon material for the lithium-ion batteries also have been recognized as a driving force for the target market as silicon has more capacity comparatively. For instance, National Minerals Information Center 2018, global lithium production in 2018 increased by 23% to 85,000 tons of lithium from 69,000 tons of lithium in 2017 mainly due to increased lithium demand for battery applications. Further, the environmental and thermal stability of silicon gives it another application for producing different types of silicon based products.

Increasing industrialization

Moreover, the silicon monoxide market is also growing with increasing industrialization and urbanization in the growing economies.  Additionally, the silicon monoxide is used in the electric industries as thin film capacitors, hybrid circuits, semiconductor components which is further rising the target market. In addition, it is also used in the automobiles industry as it benefits as the lubricants in cars, for external coating of the cars and also in air bag materials which ensures optimal performance of the car which acts as a fuel for the growth of the silicon monoxide market. For instance, according to the International Organization of Motor Vehicle Manufactures production statistics 2018, there were total 956,34,593 vehicles produced worldwide in the year of 2018. The leading companies have an advantage as there are more abundant types of products with better performance, and also they provide high standards technical assistance and after sales service due to which the target market is flourishing globally. Silicon monoxide market is expected to be innovation-led as the key players are adopting new strategies to increase the presence of their industry.

Reducing price

Moreover, the trend of reducing price of the raw material in the recent years will maintain the market as the price gap between the different brands will go on reducing. The major opportunities for the industrialist in the silicon monoxide market are optimization of the product mix facility and further development of value added capabilities to maximize the production.

Silicon monoxide market on the basis of product, application and region.

On the basis of product, the target market is divided as (3N)99.9%, (4N)99.99% and others. On the basis of application, our market is divided as coating applications, anode material application and others. On the basis of region, the silicon monoxide market is classified as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Regional Insights:

For detailed understanding of market dynamics, the silicon monoxide market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the silicon monoxide market. In 2018, Latin America market is expected to have a lucrative growth in terms of revenue followed by other regions. This is due to a growing demand for automobiles among individuals. Europe has the second largest market for silicon monoxide as there is a presence of well-developed automotive sector in Europe, shows significant growth for the silicon monoxide market.

Silicon Monoxide Market, By Product:

• (3N)99.9%
• (4N)99.99%
• Others

Silicon Monoxide Market, By Application:

• Coating Applications
• Anode Material Application
• Others

Silicon Monoxide Market, By Region:

• North America
  • North America Silicon Monoxide Market, By Product
  • North America Silicon Monoxide Market, By Application
  • North America Silicon Monoxide Market, By Country
    • S.
    • Canada
  • Europe
    • Europe Silicon Monoxide Market, By Product
    • Europe Silicon Monoxide Market, By Application
    • Europe Silicon Monoxide Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • Asia Pacific
      • Asia Pacific Silicon Monoxide Market, By Product
      • Asia Pacific Silicon Monoxide Market, By Application
      • Asia Pacific Silicon Monoxide Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
      • Latin America
        • Latin America Silicon Monoxide Market, By Product
        • Latin America Silicon Monoxide Market, By Application
        • Latin America Silicon Monoxide Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
        • Middle East & Africa
          • Middle East & Africa Silicon Monoxide Market, By Product
          • Middle East & Africa Silicon Monoxide Market, By Application
          • Middle East & Africa Silicon Monoxide Market, By Country
            • GCC
            • Israel
            • South Africa
            • Rest of Middle East & Africa

Some of the prominent players operating in the silicon monoxide market include OSAKA Titanium Technologies, Materion, EMD Performance Materials (Merck), Shin-Etsu Chemical, BTR, Shanshan Group, Jayu Optical Material, Rearth Technology, Taizhou Dongfang Coating Material. Technological advancements in the product launches, and strategic partnerships are some trends witnessed in the silicon monoxide market. For instance,   in May 2017, Shin-Etsu Chemical developed highly functional new coloring pigments which was for cosmetics applications which was used widely due to its unique silicone surface treatment agent. Further, in November 2017, Materion and Plug and Play collaborated to explore exciting new opportunities in advanced materials innovation.

• OSAKA Titanium Technologies
• Materion
• EMD Performance Materials (Merck)
• Shin-Etsu Chemical
• BTR
• Shanshan Group
• Jayu Optical Material
• Rearth Technology
• Taizhou Dongfang Coating Material