Silicon Tetrachloride Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 29301 Report Format: PDF + Excel

Silicon Tetrachloride Market Overview

Silicon Tetrachloride market size is estimated to reach US$3.1 billion by 2027 after growing at a CAGR of 4.5% from 2022-2027. Silicon tetrachloride is a colorless volatile liquid that is used to produce high purity silicon and is used to make optical fibre and fumed silica which is used as viscosity adjustment in paint & coating, printing, adhesive, etc. Silicon tetrachloride has various applications like as chemical intermediate used in fractional distillation for making polysilicon, making coating adhesives from Grignard reagents, as raw material for semi-conductors, solar photovoltaic, and consumer electronics like mobiles, laptops, etc. The drivers for the silicon tetrachloride market are growing demand for consumer electronics, an increase in the number of solar projects, growing paints & coating industry. However, the pollution made from the production of the photovoltaic cells causes health issues like burning sensation, sour throat. Owing to this, other types of cells such as perovskite cells are being used as a replacement for silicon-based photovoltaic solar cells which can hamper the demand for silicon tetrachloride in the solar sector, thereby harming the growth of the silicon tetrachloride industry.

COVID-19 Impact

The restrictions and regulations like lockdown, social distancing, and quarantining imposed by governments of countries to prevent the spreading of COVID-19, harmed end-users of silicon tetrachloride. Shortage of labor, restriction on movement of people, and supply of material decreased the productivity of various sectors like electronic, chemical, etc., and also it reduced sales of certain equipment like semiconductors. For instance, as per the 2020 report of the Central Statistics Office of India, the factory output in the computer and electronics industry contracted 41.7% in Mar 2020 compared to the same month in 2019. The July 2020 report of the U.S Energy Information Administration stated, that 53 solar photovoltaic projects totaling 1.3GW of capacity were delayed as a result of the pandemic. Also, as per the 2020 report of the Semiconductor Industry Association, the first quarter sale of semi-conductor in the U.S decreased by 3.6% compared to an increase of 6.9% for the same period in 2019. Such a decrease in productivity and sales of major end-users of silicon tetrachloride negatively impacted the growth of the silicon tetrachloride industry.

Report Coverage

The report: “Silicon Tetrachloride Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Silicon Tetrachloride industry.

By Grade Type – Electronic Grade, Technical Grade, Others.
By Application – Chemical Intermediate, Semiconductors, Optic Fibres, Photovoltaic Cell, Others.
By End-user – Electronic (Mobile, Tablets, Laptop), Automotive, Ceramics, Chemical, Power (Renewable, Non-renewable), Others.
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa).

Key Takeaways

  • Asia-Pacific dominates the silicon tetrachloride market as the region consist of major end-users of the silicon tetrachloride like electronic, automobile, ceramics, etc. in countries like China, India, Indonesia 
  • High purity silicon tetrachloride is a major raw material used for the manufacturing of optic cables whose demand is steadily increasing due to the growing development of 4G, LTE, FTX, and other Internet-of-Things. 
  • Silicon tetrachloride is the major source of pure silicon while manufacturing polysilicon which is used as wafers in large amounts for photovoltaic cells and  semiconductors

Figure: Asia-Pacific Silicon Tetrachloride Market Revenue, 2021-2027 (US$ Billion)

Silicon Tetrachloride Market Revenue

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Silicon Tetrachloride Market Segment – By Grade

Electronic grade held the largest share in the silicon tetrachloride market in 2021, with a share of over 30%. The high purity and low volatile nature of electronic-grade silicon tetrachloride make it suitable for the production of silicon rubber which is used in applications like automotive wiring insulation. The high electrical stability and resistance properties make electronic-grade silicon tetrachloride to be used as major raw material in semiconductor manufacturing. Rapid development in the production of automobiles and semi-conductor will have a positive impact on the demand for electric grade silicon tetrachloride. For instance, as per European Automobile Manufacturing Association, the production for e-vehicles increased up to 11% in 2020 from 3% in 2019 in the EU. The December 2021 report of the Semiconductor Industry Association stated that worldwide sales of semiconductors were $48.8 billion in October 2021, an increase of 24.0% from October 2020. Such an increase in production and sales of automobiles and semiconductors will lead to more usage of electronic-grade silicon tetrachloride, thereby having positively impacting the growth of the silicon tetrachloride industry.

Silicon Tetrachloride Market Segment – By Application

Semiconductor held the largest share in the silicon tetrachloride market in 2021, with a share of over 42%. Semiconductors are primarily made of a compound such as silicon that is rich in electrical stability and acts as an insulator.  These electronic devices are used as discrete devices or integrated circuit chips in most consumer electronics such as computers, smartphones, digital cameras, LED, washing machines, digital cameras, etc. The rapid development in the electronic industry and growing demand for consumer electronics such as smartphones will lead to an increase in the demand for semiconductors. For instance, as per the 2021 report of the National Bureau of Statistics of China, the manufacturing of electrical equipment such as computers, laptops, mobiles, etc. and other electrical equipment increased by 13.5%. Hence, with such an increase in the production of electrical equipment the demand for semiconductors to be sued in them will also increase, thereby increasing the usage of silicon tetrachloride in semiconductor manufacturing.

Silicon Tetrachloride Market Segment – By End User

Electronic held the largest share in the silicon tetrachloride market in 2021, with a share of over 36%. Electronic equipment has high usage in various fields such as communication, medical diagnosis, information technology, entertainment, etc. Silicon tetrachloride due to its high electrical and resistance properties is used to make integrated circuit chips and semiconductors used in electronic devices. The growing technological advancements and rapid urbanization have led to an increase in the consumption of electronic devices which has increased the growth rate of the electronic industry. For instance, as per the 2021 report of the Ministry of Industry and Information Technology, China’s electronic equipment manufacturing showed an expansion of 18% compared to last year. Also, as per the 2021 report of International Data Corporation on smartphones, the shipments of smartphones reached 1.38 billion units in 2021 showing an increase of 7.7% over 2020.  An increase in output of the electronic industry will lead to an increase in demand for semiconductors and IC chips which will lead to an increase in usage of silicon tetrachloride for their manufacturing.

Silicon Tetrachloride Market Segment – By Geography

Asia-Pacific held the largest share in the silicon tetrachloride market in 2021, with a share of over 45%. The region consists of countries like China, India, Indonesia, etc. that have maximum smartphone users and established electronic and automobile sectors which are major users of silicon tetrachloride. The growing development in the electronic, automobile sector has increased their productivity, which will have a positive impact on demand for silicon tetrachloride as it is used for automotive wiring in automobiles and semiconductors for electronic devices. For instance, as per the International Energy Agency, electric car registration increased by 41% in 2020 globally, with China being the largest e-vehicle producer. Also, as per the Ministry of New and Renewable Energy, India increased its solar power capacity eleven times in the past five years from 2.6GW in 2014 to 30GW in 2019. Such an increase in production output of these sectors will create more usage of silicon tetrachloride which increase the growth of the silicon tetrachloride industry in the Asia-Pacific region.

Silicon Tetrachloride Market Drivers

Increase in the number of solar projects

Silicon tetrachloride is used in the production of polysilicon which is majorly used in solar applications as photovoltaic cells as it provides good energy efficiency, has high corrosion resistance, long-term durability, and optimal thermal expansion properties. The significant increase in solar energy projects will increase the usage of photovoltaic cells in solar panels. For instance, as per Nuclear Energy Administration China installed 25.56 GW of new solar capacity in the first nine months of 2021, showing a 36.68% increase from 18.7 GW in 2020. Also, as per Solar Energy Industry Association, US In Q3 2021, the US solar market installed 5.4 GW of solar capacity, a 33% increase over the third quarter of 2020 and the largest Q3 on record. Hence such an increase in solar capacity will increase the demand for photovoltaic cells, which will increase the usage of silicon tetrachloride for manufacturing photovoltaic cells to be used in solar panels.

Growing demand for consumer electronics

High disposable incomes, technological advancements, and rapid changes in lifestyles of people have led to an increase in demand for more advanced and efficient electronic items, like smartphones, laptops, digital cameras, television (LCD, LED), etc. Hence as silicon tetrachloride is used in such consumer electronics as semiconductor and integrated circuit chips, so increase in demand for these items will have a positive impact on its demand. For instance, as per India Brand Equity Foundation, television sales in the country increased 7.04% in 2021 compared to 2019. Also, as per the China Academy of Information and Communication, the smartphone shipment of the country in 2021 was 349 million units showing an increase of 15.9% compared to 296 million units shipped in 2020. Such an increase in demand and consumption of electronic devices will increase the demand for silicon tetrachloride-based semiconductors, thereby having a positive impact on the growth of the silicon tetrachloride industry.

Silicon Tetrachloride Market Challenge

Availability of Substitutes

The production of the photovoltaic cell creates toxic smoke which causes environmental problems as well as human health problems like burning sensation and sour throat. Hence to minimize the toxic effect of silicon-based photovoltaic cell, other options such as perovskite cells which is a hybrid form of a photovoltaic cell has been started to be used in solar panels as a replacement for silicon. The solar panels made from perovskite cells are light-weighted, cost-effective, and are sustainable. Hence, the growing shift towards using sustainable substitutes which are more effective than silicon-based photovoltaic cells will lead to less usage of silicon tetrachloride in the solar sector, which can harm the growth of the silicon tetrachloride industry in the solar sector.

Silicon Tetrachloride Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. Silicon Tetrachloride Market top 10 companies include:

  1. Evonik Industries
  2. Tokuyama Chemicals Co. Ltd
  3. Shandong Xinlong Group Co Ltd
  4. Air Products and Chemicals, Inc
  5. Momentive Specialty Chemicals Inc.
  6. Merck KGaA
  7. Dow Corning
  8. Hemlock Semiconductor Corporation
  9. Alfa Aesar
  10. Reade International Corp

Recent Developments

  • In 2021, Evonik industries entered into a joint venture with Chinese company Wynca for producing fumed silica in Jiangsu province. The plant is Evonik's first fumed silica production site in China and will produce the product under the brand name AEROSIL 
  • In 2021, Merck KGaA opened a new production plant in Germany for making silica-based pigments. Hence such establishment will enable the company to provide silica substrate for automotive coating and color cosmetics

Relevant Reports

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Report Code – CMR 49253

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1. Silicon Tetrachloride Market- Market Overview
    1.1 Definitions and Scope
2. Silicon Tetrachloride Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Silicon Tetrachloride Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Silicon Tetrachloride Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Silicon Tetrachloride Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Silicon Tetrachloride Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Silicon Tetrachloride Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Silicon Tetrachloride Market – By Grade Type (Market Size -$Million/Billion)
    8.1 Electronic Grade
    8.2 Technical Grade
    8.3 Others
9. Silicon Tetrachloride Market – By Application (Market Size -$Million/Billion)
    9.1 Chemical intermediate
    9.2 Semiconductors
    9.3 Optic Fiber
    9.4 Photovoltaic Cell
    9.5 Others
10. Silicon Tetrachloride Market - By End User (Market Size -$Million/Billion)
    10.1 Electronic Industry
        10.1.1 Mobile
        10.1.2 Tablets
        10.1.3 Laptop
    10.2 Automotive
    10.3 Ceramics
    10.4 Chemical Industry
    10.5 Power Industry
        10.5.1 Renewable
        10.5.2 Non renewable
    10.6 Others
11. Silicon Tetrachloride Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Silicon Tetrachloride Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Silicon Tetrachloride Market – Industry/Competition Segment Analysis Premium 
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Silicon Tetrachloride Market – Key Company List by Country Premium Premium 
15. Silicon Tetrachloride Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES

1.Global Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
2.Global Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
2.1 By Derivative, Market 2019-2024 ($M) - Global Industry Research
3.Global Competition Landscape Market 2019-2024 ($M)
3.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Global Industry Research
4.Global Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 (Volume/Units)
5.Global Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 (Volume/Units)
5.1 By Derivative, Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Competition Landscape Market 2019-2024 (Volume/Units)
6.1 Major Manufacturing hubs and key export destinations Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
8.North America Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
8.1 By Derivative, Market 2019-2024 ($M) - Regional Industry Research
9.North America Competition Landscape Market 2019-2024 ($M)
9.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Regional Industry Research
10.South America Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
11.South America Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
11.1 By Derivative, Market 2019-2024 ($M) - Regional Industry Research
12.South America Competition Landscape Market 2019-2024 ($M)
12.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Regional Industry Research
13.Europe Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
14.Europe Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
14.1 By Derivative, Market 2019-2024 ($M) - Regional Industry Research
15.Europe Competition Landscape Market 2019-2024 ($M)
15.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Regional Industry Research
16.APAC Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
17.APAC Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
17.1 By Derivative, Market 2019-2024 ($M) - Regional Industry Research
18.APAC Competition Landscape Market 2019-2024 ($M)
18.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Regional Industry Research
19.MENA Silicon Tetrachloride Market Analysis and Forecast , By Grade Market 2019-2024 ($M)
20.MENA Silicon Tetrachloride Market Analysis and Forecast By Derivative Market 2019-2024 ($M)
20.1 By Derivative, Market 2019-2024 ($M) - Regional Industry Research
21.MENA Competition Landscape Market 2019-2024 ($M)
21.1 Major Manufacturing hubs and key export destinations Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
2.Canada Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
3.Mexico Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
4.Brazil Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
5.Argentina Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
6.Peru Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
7.Colombia Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
8.Chile Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
9.Rest of South America Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
10.UK Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
11.Germany Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
12.France Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
13.Italy Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
14.Spain Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
15.Rest of Europe Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
16.China Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
17.India Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
18.Japan Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
19.South Korea Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
20.South Africa Silicon Tetrachloride Market Revenue, 2019-2024 ($M)
21.North America Silicon Tetrachloride By Application
22.South America Silicon Tetrachloride By Application
23.Europe Silicon Tetrachloride By Application
24.APAC Silicon Tetrachloride By Application
25.MENA Silicon Tetrachloride By Application