Covina, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Market overview:
Silicon tetrachloride a fuming liquid with colorless and pungent odor is an inorganic compound with the chemical formula SiCl4. They are used mainly in commercial production of semiconductors and also used as a primary material in mass production of silicic esters and silica gel a binder for ceramic materials.
Growing demand for smartphones, tablets, high-tech communication devices, and other consumer electronics have given positive impact on target market growth. Further, steady growth of poly-silicon, which is manufactured using silicon tetrachloride, and the expansion of various end-user industries across globe is expected to boost the demand for Silicon Tetrachloride market growth over the forecast period.
Analyst View:
Rising government initiatives towards promotion of clean and renewable energy has provided lucrative opportunities in market growth. Further, increasing applications of high purity silicon, which is manufactured using silicon tetrachloride, in photo voltaic cells and semiconductors are other factors expected to fuel growth of the Silicon Tetrachloride Market over the forecast period.
Segmentation:
- By Application-Chemical Industry, Semiconductors, Photovoltaic Cells, and Optic Fibers
- By Region-North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Key growth factors:
- Growing Semiconductor Industry: Silicon tetrachloride is a critical component in the production of high-purity silicon for semiconductors. As the global demand for electronic devices and semiconductors continued to rise, so did the demand for silicon tetrachloride.
- Solar Panel Manufacturing: The solar energy industry relies on high-purity silicon, and silicon tetrachloride is used in the production of photovoltaic cells and solar panels. With the increasing focus on renewable energy sources, the solar panel market's growth was driving demand for silicon tetrachloride.
- Chemical Industry: Silicon tetrachloride is used in various chemical processes, including the production of silicones, which are used in a wide range of industries, from automotive to construction. Growth in these industries contributed to increased demand.
- Asia-Pacific Market: The Asia-Pacific region, particularly China, has been a significant contributor to the growth of the silicon tetrachloride market. The region's dominance in electronics manufacturing and solar panel production drove demand.
- Environmental Regulations: Environmental regulations and sustainability concerns were pushing manufacturers to adopt cleaner and more efficient production methods for silicon tetrachloride, which could open up new market opportunities.
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Key players operating in the global 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.
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Key questions answered in this report:
- What is silicon tetrachloride (SiCl4)?
Silicon tetrachloride is a chemical compound composed of one silicon atom and four chlorine atoms. It is a colorless, fuming liquid with a pungent odor and is used in various industrial applications.
- What are the primary uses of silicon tetrachloride?
Silicon tetrachloride is primarily used in the production of high-purity silicon for the semiconductor industry, as well as in the manufacturing of photovoltaic cells for solar panels. It is also used in the production of silicones and various chemical processes.
- Why is silicon tetrachloride important in the semiconductor industry?
Silicon tetrachloride is a crucial precursor in the production of high-purity silicon, which is the primary material used in semiconductor manufacturing. It is used to create the ultra-pure silicon wafers required for electronic devices.
- How is silicon tetrachloride produced?
Silicon tetrachloride is typically produced by reacting silicon metal with chlorine gas at high temperatures. The reaction results in the formation of silicon tetrachloride and is an essential step in its manufacturing process.
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