Acumen Research and Consulting recently released a report titled “Trichlorosilane Market Size, Share, Regional Analysis Report and Forecast, 2022-2030”
/EIN News/ — BEIJING, June 19, 2022 (GLOBE NEWSWIRE) — The Global Trichlorosilane market accounted for USD 4,631 million in 2021 and is projected to reach USD 11,068 million by 2030 with a considerable CAGR of 10.5% during the forecast period of 2022 to 2030.
Trichlorosilane is a crucial chemical compound that is produced by reacting powder-based silicon with hydrogen chloride. Processed trichlorosilane is the main source of ultrapure grade silicon in the electronics industry because it decomposes to produce silicon at high temperatures. It decomposes rapidly in water, forming silicone polymers and releasing hydrochloric acid. Due to its reactivity and wide availability, it is widely used in the synthesis of chemical compounds containing silicon. The Siemens process, the most widely used method for making solar-grade silicon, involves a mixture of chlorosilanes, the majority of which is trichlorosilane. The increasing use of Siemens method to produce solar-grade silicon is expected to increase the demand for trichlorosilane from photovoltaic collectors, driving the growth of the global trichlorosilane market throughout the forecast period.
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|Market size 2021||$4,631 million|
|Market Forecast 2030||$11,068 million|
|CAGR||10.5% from 2022 to 2030|
|Analysis period||2018 – 2030|
|Forecast data||2022 – 2030|
|Segments Covered||By production process, by application and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||American Elements, SIAD Spa, Evonik Industries, Wacker Chemie AG, Dow Inc., Wynca Group, Gelesa Inc., Linde AG, OCI Company Ltd., SIAD SpA, Mitsubishi Polycrystalline Silicon America Corporation, and Tokuyama Chemicals (Zhejiang) Co., Ltd. .|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Growth aspects of the global trichlorosilane market
During the forecast period, the continuous demand for silane coupling agents for surface modification and modification in various applications such as grinders, electrical wire coatings, and tires, among others, is expected to increase the application for trichlorosilane used in the production of silane coupling agents. The ability of silane coupling agent to improve water resistance, adhesion and alkaline resistance to the substrate is expected to increase its demand in a number of industries such as automotive, construction and packaging. The outstanding characteristics of silicone resin such as good corrosion resistance, high heat resistance and dielectric properties among others are expected to increase its demand in various end-use sectors such as transportation, construction , paints and varnishes and semiconductors, among others. The growing range of applications of the silicone polymer is expected to increase the trichlorosilane market revenue throughout the forecast period.
However, due to its flammable, volatile, and corrosive characteristics, the increased risk of accidents during the synthesis of trichlorosilane is expected to hamper the market growth during the projection period. Additionally, high manufacturing costs and finished product prices resulting from the volatile nature of the items may hamper the expansion of the global trichlorosilane market.
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Growing use of polysilicon applications is expected to drive the market
Global demand for polysilicon materials is expected to increase as the number of photovoltaic solar cell systems increases. Polycrystalline silicon has gained ground as its range of applications in semiconductors, solar panels, and electronics have expanded dramatically. The demand for solar-grade polysilicon materials is expected to increase in the coming years as alternative energy sources gain popularity. The polysilicon material used in electronic devices is expected to increase due to the growing demand from semiconductors and the electronics industry. In recent years, sustainability has become a mainstream trend, and it has rapidly exploded, dramatically changing the trajectory of many industry verticals. Solar installations are increasing rapidly around the world and are expected to skyrocket in the coming years due to rapid urbanization and increasing adoption of alternative energy sources in various regions.
Regional Overview of Trichlorosilane Market
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global trichlorosilane market. Asia-Pacific is expected to hold considerable market shares in the coming years owing to the significant expansion in the electronics industry. Electronic industries, along with the growing demand for consumer electronics, are growing rapidly in China and India. China was also the largest consumer and producer of trichlorosilane. The scenario is expected to be comparable over the forecast period due to the increase in the semiconductor industry in the region. Growing populations in the Asia-Pacific region, as well as developing countries with emerging markets, are expected to drive the trichlorosilane market. It is also expected to increase global sales of the product. Additionally, increasing government spending on solar power generation is expected to boost the demand for trichlorosilane in Europe and North America, as it is needed in the manufacture of semiconductors for solar PVC.
Segmentation of the trichlorosilane market
The global trichlorosilane market has been segmented by Acumen Research and Consulting on the basis of production process and application. Based on the production process, the market is divided into hydrochlorination and direct chlorination. Based on application, the market is categorized into Silane Coupling Agent, Polycrystalline Silicon, and others.
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The market players are focusing their efforts on acquiring other market players to improve their technological experience, know-how and production processes as well as increase their market share in the global market. Some key players covered globally in Trichlorosilane industry are Evonik Industries, American Elements, SIAD Spa, Gelesa Inc., Mitsubishi Polycrystalline Silicon America Corporation, Wacker Chemie AG, Dow Inc., Wynca Group, Linde AG, OCI Company Ltd., SIAD SpA and Tokuyama Chemicals (Zhejiang) Co., Ltd.
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Acumen Research and Consulting
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