Silicon Tetrachloride Market is segmented By Type (Less than 5N,6N-7N,8N-9N,Higher than 10N,,,), By Application Optical Fiber Preform,Semiconductor,LED,, ) Geography
The Silicon Tetrachloride Market is anticipated to grow at a CAGR of 4% reaching a market size value of USD xx million during the forecast period of 2021-2028.
The inorganic compound Silicon Tetrachloride is a volatile colorless liquid that vaporizes in the air used in the production of highly pure silicon as well as silica for commercial applications. This compound is further utilized as an element in manufacturing polysilicon which is a common raw material in the production of electronics and solar-powered devices. A hydrolyzed silicon tetrachloride results in fumed silica which is used in the manufacture of optical fibres.
The growth of this market is mainly attributed to factors such as high demand for electronic devices such as, smartphones and watches, tablets, devices that require advanced technology, and other consumer electronics that requires the use of fibre optics and silicon tetrachloride. Additionally, government support and initiatives to push forth renewable energy, growing numbers of pure silicon applications, manufacturing of silicon tetrachloride in photo voltaic cells and semiconductors, high demand for optical fibres, consumer electronics continues to grow, as well as the high demand for data processing markets.
With regard to restraint, the market also faces challenges that may hamper its growth. This is due to the high costs of manufacturing and installation of fibre optics as well as the increasing expenses in the solar industry. Accordingly, the growing demand for solar PV cells can actually boost the growth of the silicon tetrachloride market. Key players are given more opportunities in the market since innovations and improvements on research and development are on its way to further boost the market.
The Impact of COVID-19 on the Silicon Tetra Chloride Market
Majority of the industries will have to adapt to the changes that will be imposed upon them by their governments and adopt strategic ways to elevate their game in the market. Containing the widespread of the virus is a difficult challenge to all of the countries because many sectors will have to compromise and deal with the effects in the most advantageous way possible. A solid pull back on the growth of the Silicon Tetra Chloride market is the disruption of supply chain since manufacturing and distribution of key players or companies are being limited, if not, controlled by governments through imposing lock downs and halting travels across borders.
The real challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade has been put off in many countries. This in turn affected production, causing fewer volume of product sales. Silicon Tetra Chloride suppliers have also experienced repercussion because imports and exports in almost all countries have been restricted. The lock downs have caused a delay in the operations and facility shutdowns became a real challenge that these key players needed to face. Some raw materials needed for the production can only actually be acquired through importing and suppliers in turn, were having a hard time exporting these supplies due to border restrictions and hold up.
Key Findings in the Silicon Tetrachloride Market
In terms of products grade, the electronics grade segment is projected to have the highest revenue contribution in the market in 2020. This is majorly due to the increasing demand for consumer electronic products such as smartphones and watches, tablets, devices that require advanced technology, and other consumer electronics that requires the use of fibre optics and silicon tetrachloride.
In terms of product type, fume silica leads the market in terms of revenue during the forecast period; this is owing to the high demand for silicone rubber application in paint, ink, mechanical, and chemical polishing and all other industries that require for silicone rubber.
In terms of end user, the chemical intermediate segment leads the market because of factors such as, the growth of solar panel and consumer electronics, increasing industrial investments in the power sector to further the development of the market, and government initiatives in supporting such.
Regional Market Analysis
The silicon tetrachloride market is further segmented into regions such as, United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, UAE, Qatar, Saudi Arabia, Japan, and Africa among others.
Based on an extensive assessment, these major key players on the t Silicon Tetrachloride market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, ChemPur, Strem Chemicals, Sunfar Silicon, Vital Materials, Futong Junxiang New Materials, Altechna, Kanto Chemical, Phoenix Infrared, Praxair, Inc., ATS Optical Material, China Silicon Corporation Ltd, Dow Chemical, Hubei Jingxing, Anvia Chemicals, NST, RAIN Group, II-VI Incorporated, Tangshan Sunfar Silicon Industries, Reade International Corp, GRINM Goujing Advanced Materials, Advanced Synthesis Technologies, and Tokuyama Chemical.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Grade Analysis (Revenue, USD Million, 2021 - 2028)
• Electronics Grade
• Technical Grade
Product Type Analysis (Revenue, USD Million, 2021 - 2028)
• Photovoltaic Cells
• Fumed Silica
• Adhesive & Sealant
• Personal care
• Paints & coatings
• Others (Pharmaceuticals, Printing Inks, etc.)
End Users Analysis (Revenue, USD Million, 2021 - 2028)
• Chemical Intermediate
• Fumed Silica
• Silicone Rubber
• Optic Fiber Preform
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Silicon Tetrachloride Industry Research Report
• Europe Silicon Tetrachloride Industry Research Report
• Asia Pacific Silicon Tetrachloride Industry Research Report
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