The global silicon tetrachloride market size is projected to be worth around US$ 3.32 billion by 2030 from US$ 2.08 billion in 2020, with a CAGR of 4.9% during the estimate period 2022 to 2028.

The colourless inorganic fuming liquid silicon tetrachloride is used to generate high purity silicon. It can be made with a variety of processes and substances, including chlorine, metal silicon, and coke. It can also be created as a byproduct of polysilicon production from metallurgical grade silicon. 3-4 tonnes of silicon tetrachloride are produced for every tonne of polysilicon. The waste silicon tetrachloride created by polysilicon manufacturers is further processed and reused. However, processing waste silicon tetrachloride needed an expensive piece of apparatus, which saved energy and raw material costs.

Silicon tetrachloride is mostly used in solar energy. Both industries are seeing rapid growth, which is expected to benefit the worldwide silicon tetrachloride market. Due to its toxicity, photovoltaic cell producers are switching to alternate manufacturing procedures, such as thin film-based solar cells, which is expected to reduce demand for silicon tetrachloride.

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Factors Affecting Growth:

High demand for smartphones and other hand-held multimedia devices, growing demand for fibre optics, development of advanced communication equipment, increasing applications of fiberoptics in aerospace and oil and gas industries, high growth in the consumer electronics sector, growing semiconductor market, increasing market for solar PV, and the launch of 5G services are all factors driving the Silicon tetrachloride market.

Furthermore, growing demand for fibre optics in Asia Pacific is propelling the silicon tetrachloride market forward. Integration of cutting-edge manufacturing technology, as well as increased government investment, are projected to boost this industry.

When making polysilicon for solar cells, silicon tetrachloride is the most common source of pure silicon. When compared to silicon made from raw silica, extracting silicon from silicon tetrachloride requires far less energy and costs. Furthermore, silicon tetrachloride is a byproduct of the production of polysilicon from metallurgical-grade silicon. 3-4 tonnes of silicon tetrachloride are produced for every tonne of polysilicon. To save money, energy, and time, polysilicon manufacturers prefer silicon tetrachloride over raw silica. Furthermore, some governments have enacted legislation to prevent the unintentional disposal of dangerous silicon tetrachloride. In China, for example, 98.5 percent of silicon tetrachloride produced as a byproduct must be recycled, forcing firms to use silicon tetrachloride as a raw material for polysilicon manufacturing. Rising use of silicon tetrachloride for polysilicon manufacture is the key driver of the silicon tetrachloride market.

Highlights of the Report:

• In 2020, the electronics grade led the entire market in the grade group. Silicon tetrachloride has a wide range of uses in semiconductors and PV (photovoltaic) cells. As a result, electronics grade silicone tetrachloride has the largest market share.
• Due to increased demand for polysilicon in electronics and the solar photovoltaic industry, the polysilicon segment accounted for more than 67 percent of sales in the derivatives segment in 2020. Polysilicon has recently become a popular feedstock for the production of solar cells.
• In the application segment, the chemical intermediate generated the most revenue. Silicon tetrachloride is employed as a catalyst in the production of silicon-based products. The optical fibre preform segment is predicted to increase at the fastest rate over the forecast period.
• A large portion of the global silicon tetrachloride market was accounted for by Evonik Industries AG, Dow Corning (Dow), and Linde Plc.

Analysis by Region:

Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa are all included in the report. With a market share of more than 46% in 2020, the Asia Pacific region will lead the global industry. Due to increased demand for fibre optics and significant smartphone usage, China and India had the biggest slice in Asia Pacific. Furthermore, the debut of 5G connectivity and the availability of a huge labour population aided Asia Pacific's strong market share. Due to increased investment by prominent corporations in cutting-edge technologies, the Asia Pacific region is expected to develop at the highest CAGR of roughly 5.3 percent throughout the forecast period.

Key Market Players and Strategies:

The key companies functioning in the worldwide silicon tetrachloride market are Momentive Performance Materials, Heraeus Holding, Linde Plc, Evonik Industries AG, Dow Corning (Dow), Air Products and Chemicals Inc., Tokuyama Chemicals (Zhejiang) CO. Ltd., OCI Co. Ltd., Shandong Xinlong Group Co. Ltd., Hubei Jingxing Service and Technology Co. Ltd., Air Liquide S.A., and American Elements among others.

Manufacturers operating in the worldwide silicon tetrachloride market are pursuing crucial strategies such as increased R&D spending, mergers and acquisitions, and partnerships. Furthermore, prominent firms are substantially spending in research and development for new applications of silicon tetrachloride.

Major Market Segments Covered:

By Type :

• Technical Grade
• Electronics Grade

By Application :

• Silicone Rubber
• Optic Fiber Preform
• Chemical Intermediate
• Others

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