Silicon Tetrachloride Market, By Application (Chemical Industry, Semiconductors, Photovoltaic Cells, and Optic Fibers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI112119 | Publish Date: March 2024 | No. of Pages: 180

Global Silicon Tetrachloride Market By Overview

Introduction:

Silicon Tetrachloride Market was valued at US$ 2.5 billion in 2024 and is projected to grow at a CAGR of 4.4% to reach US$ 3.7 billion by 2034.

Silicon tetrachloride is a fuming, corrosive substance which is colorless and has a pungent smell. It interacts strongly with water, generating hydrochloric acid, and is extremely destructive in nature. It is used to produce optical fibre and fumed silica, which can be utilized to alter the viscosity of paint and coating, printing, adhesive, and other materials. Additionally, it is also utilized in yielding high purity silicon. Several functions are known for silicon tetrachloride, including as a chemical intermediary in the fractional distillation process that yields polysilicon, the production of coated adhesives from Grignard reagents, and its use as a raw material for semi-conductors, solar photovoltaic cells, and consumer electronics such as laptops and mobile phones.

The growing need for silicon-based materials in the consumer goods, automotive, fibre optics, construction, and electronics sectors is driving the silicon tetrachloride industry. The requirement for high-purity polysilicon in the semiconductor manufacturing process is driven by a growing need for cellphones, laptops, and a variety of electronic gadgets around the world. Fumed silica is also in great demand throughout the globe due to the growing need for high-performance coatings, adhesives, and rubber products.

As high-performance electronics and solar cells are experiencing increase in demand, it calls for silicon tetrachloride with very low pollutants. However, health problems including sour throats and burning sensations are brought on by the pollutants produced during the fabrication of solar cells, which utilize this substance in large amounts. Due to its extreme corrosiveness and reactivity, silicon tetrachloride requires specific handling and safety precautions, which increases the production and transportation expenses. These elements may reduce the need for silicon tetrachloride in the solar business, which would be detrimental to the industry's expansion.

Silicon Tetrachloride Market - Introduction

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Silicon Tetrachloride Market By Dynamics

Silicon Tetrachloride Market Key Drivers:

  • Rising Adoption of Solar Energy

The requirement of polysilicon, which is a significant silicon tetrachloride usage, is being driven by the global trend towards renewable energy sources, especially solar energy. People's increasing need for electricity and power has led to a considerable rise in the use of solar cells. It is anticipated that these developments will lead to a rise in the overall demand for silicon tetrachloride and polysilicon market.

  • Expansion in the Semiconductor Sector

The semiconductor and electronics sectors are among the biggest users of polysilicon, which is utilized in integrated circuits, solar cells, and in electronic gadgets. Polysilicon, which is an essential component in the production of semiconductors, is primarily made from silicon tetrachloride. Additionally, high-purity silicon is in large demand due to the growing need for electronic products such as computers, cellphones, and data centers around the world.

Silicon Tetrachloride Market Restrains:

  • Environmental challenges

Stringent management of silicon tetrachloride is required due to the potential environmental dangers involved with the manufacturing of silicon tetrachloride and its consequent waste management. The usage of silicon tetrachloride is subject to safety standards and environmental restrictions that can increase compliance costs for businesses and make it more difficult to get permits and authorizations for manufacturing facilities. These factors may reduce output, raise running expenses, and deter growth of the focused market.

  • The Availability of Alternatives

The availability of less dangerous and affordable materials in certain niches may create competition and restrict the growth of the silicon tetrachloride market in those particular industries. Alternative solutions, such as hybrid photovoltaic cells called perovskite cells, have been introduced to replace silicon in solar energy systems. Perovskite solar panels are inexpensive, lightweight, and environmentally friendly. Therefore, there would be less use of silicon tetrachloride in the solar sector due to the growing trend towards employing green alternatives that are more efficient than silicon-based photovoltaic cells. This could be detrimental to the expansion of the silicon tetrachloride business in the solar energy industry.

Silicon Tetrachloride Market Opportunities:

The industries that use silicon tetrachloride for final applications are expanding significantly over the forecast period. This is a result of silicon tetrachloride's growing use in the solar and semiconductor sectors. The need for ultra-pure silicon tetrachloride rises with the size and complexity of semiconductors. To achieve these strict purity criteria, one might develop potentially lucrative opportunities by developing production capabilities and quality control systems. In addition, due to the world's increasing need for electricity and power, photovoltaic cell usage has increased significantly. This is expected to boost polysilicon and present silicon tetrachloride usage with considerable growth potential.

Global Silicon Tetrachloride Market By Segmentation

Silicon Tetrachloride Market is segmented based on application, and region.

Application Insights

  • Chemical Industry: For many silicon-based compounds, including silicones, silanes, and fumed silica, silicon tetrachloride is an essential building block. Because of the rising need for silicones, specialty chemicals, and industrial materials, the silicon tetrachloride market is predicted to rise steadily in the chemical industry segment.
  • Semiconductors: Semiconductors segment holds the majority share for the concerned sector. A substance with high electrical stability and insulating properties, like silicon, is the main component of semiconductors.  The majority of consumer electronics, including computers, cellphones, digital cameras, LED lights, washing machines, and digital cameras, use these electronic components as integrated circuit chips or discrete devices. Semiconductors will have greater demand due to the electronic industry's rapid expansion and the rising demand for consumer electronics like cellphones.
  • Photovoltaic Cells: Photovoltaic cells, which in solar panels convert sunlight into electricity, are made in a significant amount from silicon tetrachloride. It is used as a precursor to make polysilicon, which is the main component needed to make solar cells that generate electricity from the sun.
  • Optic Fibers: In order to produce the substances needed to make optical fibres for high-speed telecommunications, silicon tetrachloride is an essential component. This substance acts as a dopant to alter the glass fibres' refractive index.

Regional Insights:

Silicon Tetrachloride Market - Regional Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Silicon Tetrachloride Market Regional Insights

  • North America market is estimated to witness fastest revenue share due to increasing developments in the chemical and electronic industries. It is an established market with widely recognized laws along with infrastructural development for solar and semiconductor industry in place.
  • Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing expansion of electronic and automotive sectors in the region. The need for silicon-based materials is increased by the infrastructure and construction activities that are brought about by rapid economic growth and urbanization.
  • Europe market is observing substantial demand from the electronics and automotive sectors for high-quality silicon-based goods. Additionally, tight environmental laws promote sustainable production methods in the region.
  • Latin America market is an expanding region for silicon tetrachloride due to its growing expenditures on infrastructure, rising urbanization, and economic expansion. The growth would be propelled further by an increase in government programs to promote the use of renewable energy sources and the development of infrastructure. 
  • Middle East & Africa market is in its developmental stages and the demand for silicon-based products is driven by the expansion of the automotive and construction industries. The focused market would be propelled forward, if a great amount of an emphasis is given on growing investments in renewable energy sources and in expanding economies.

Report Scope:

Attribute

Details

Market Size 2024

US$ 2.5 billion

Projected Market Size 2034

US$ 3.7 billion

CAGR Growth Rate

4.4%

Base year for estimation

2023

Forecast period              

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Application - Chemical Industry, Semiconductors, Photovoltaic Cells, and Optic Fibers

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Silicon Tetrachloride Market report based on application and region:

Silicon Tetrachloride Market, By Application:

  • Chemical Industry
  • Semiconductors
  • Photovoltaic Cells
  • Optic Fibers

Silicon Tetrachloride Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Silicon Tetrachloride Market By Key Players

The key players operating the Silicon Tetrachloride Market includes, Hemlock Semiconductor Operation L.L.C, Momentive Performance Materials Inc., Tokuyama Corporation, Evonik Industries AG, Shandong Xinlong Group Co. Ltd., Shanghai Xiangjun, Dow Corning S.A, Hubei Jingxing Science & Technology Inc Co Ltd, Air Products and Chemicals, Inc., GRINM Electro-Optic Materials Co., Ltd.

Global Silicon Tetrachloride Market By Key Issues Addressed

Recent Development:

  • In June 2023, Wacker Chemie AG made an announcement about increasing the amount of semiconductor-grade polysilicon it could produce in Burghausen. As a result, by early 2025, a new production line is expected to be installed at the company's Burghausen location. The site's current capacity will be increased by well over 50% due to the new facility. The critical stage in manufacturing process that ensures the material surface cleanliness needed for semiconductor applications is the etching process of polysilicon chips.
  • In September 2021, Dow Chemical Company stated that it will increase the capacity of its silicon tetrachloride production at its Freeport, Texas facility to meet the growing demand from the electronics sector.  
  • In July 2020, Evonik Industries AG announced the expansion and completion of silicon tetrachloride production facility in Antwerp, Belgium in 2020, meaning it will have twice the capacity.

Global Silicon Tetrachloride Market By Company Profile

  • Hemlock Semiconductor Operation L.L.C*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Momentive Performance Materials Inc.
  • Tokuyama Corporation
  • Evonik Industries AG
  • Shandong Xinlong Group Co. Ltd.
  • Shanghai Xiangjun
  • Dow Corning S.A
  • Hubei Jingxing Science & Technology Inc Co Ltd
  • Air Products and Chemicals, Inc.
  • GRINM Electro-Optic Materials Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Global Silicon Tetrachloride Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Silicon Tetrachloride Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chemical Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Semiconductors
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Photovoltaic Cells
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Optic Fibers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Silicon Tetrachloride Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Drug Class, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Drug Class, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Drug Class, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Drug Class, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Drug Class, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Hemlock Semiconductor Operation L.L.C
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Momentive Performance Materials Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tokuyama Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Evonik Industries AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Shandong Xinlong Group Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Shanghai Xiangjun
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dow Corning S.A
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hubei Jingxing Science & Technology Inc Co Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Air Products and Chemicals, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GRINM Electro-Optic Materials Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Silicon Tetrachloride Market is segmented into By Application and Region.

Factors driving the Silicon Tetrachloride Market include its extensive use in the production of silicon, semiconductors, and various chemical applications, fueled by the electronics and chemical industries.

Recruitment Marketing in the Silicon Tetrachloride Market faces restraints such as the need for highly specialized skills in chemical engineering and a limited pool of candidates with expertise in the niche field of silicon tetrachloride production and applications.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Key players operating in the silicon tetrachloride market are Hemlock Semiconductor Operation L.L.C, Momentive Performance Materials Inc., Tokuyama Corporation, Evonik Industries AG, Shandong Xinlong Group Co. Ltd., Shanghai Xiangjun, Dow Corning S.A, Hubei Jingxing Science & Technology Inc Co Ltd, Air Products and Chemicals, Inc., GRINM Electro-Optic Materials Co., Ltd.