Chlorosilane Market Outlook
The global chlorosilane market size was valued at USD 6.58 Billion in 2022 and is projected to reach USD 42.40 Billion by 2031, expanding at a CAGR of 23% during the forecast period, 2023-2031. The market growth is characterized by the growing consumer interest in sustainable renewable energy and the subsequent need for future-proof and sustainable energy solutions such as wind and solar.
The adoption of renewable energy sources is imperative for businesses and public entities to achieve sustainability goals. Industries are moving toward net zero transition by decarbonization of the power generation processes.
The renewable energy industry is driven by rising consumer demand, innovation, and cost-efficiency. Wind and solar energy present promising opportunities by providing clean, reliable, and safe power generation processes with minimal or zero power emissions.
Silicone is an elastomer-type material with enhanced environmental stability, durability, and flexibility. Silicones are used in many consumer products such as solar panels and paints. Chlorosilane is a chemical compound obtained by reacting methyl chloride gas and silicon powder through direct synthesis.
These chemical compounds are the building blocks of various silicone substances that are used in silicone adhesives, sealants, lubricants, electrical insulation, medicine, and thermal insulation purposes. Silicones are developed by the hydrolysis and polycondensation of chlorosilane. Large-scale reactors are used to produce a crude mixture of this compound for commercial purposes.
Basic silicone products such as resins, oils, and gums are obtained through polycondensation and hydrolysis of chlorosilane. When the straight-chain compounds obtained through the process are fluid in consistency they are considered as oils.
When the viscosity of straight-chain compounds reaches the point of solidification, they are considered gums. The mixture of methyl trichlorosilane and dimethyl dichlorosilane undergoes hydrolysis to produce resins. The pure form of chlorosilane is obtained through the distillation of a crude mixture of chlorosilanes.
The market report finds that the COVID-19 pandemic affected the market adversely due to supply chain disruptions caused by the lockdown measures and logistical challenges created by the pandemic-induced complexities. The economic slowdown caused by the pandemic has affected investments in the market.
Chlorosilane Market Dynamics
Major Drivers
Rising usage of chlorosilanes in the semiconductors and chemical industry is expected to drive the market. Digital transformation of industries has boosted the digital devices market significantly. Microchips made up of semiconductors and other components are an integral part of modern digital devices such as personal computers, gaming consoles, and smartphones.
Chlorosilane is used in the manufacturing of silicon wafers required in the semiconductor manufacturing processes. Silicon wafers are used as a base material in the electronic circuit boards in the manufacturing of semiconductors.
Existing Restraints
Chlorosilane reacts with moist air, water, and steam to produce toxic, heat, and, corrosive hydrogen chloride fumes. The volatile and flammable nature of this chemical compound is a concern for transporters and manufacturers.
The adverse effects of the compound on human health and the environment restrict its applications. The waste management issues of these compounds are complex. The flammable and toxic nature of chlorosilanes is likely to hinder the market.
Emerging Opportunities
Increasing adoption of solar energy to achieve sustainability objectives in the corporate and manufacturing sectors is expected to create immense growth opportunities in the market. Public and private organizations are adopting renewable transition practices to achieve sustainability objectives by using solar energy.
Organizations and manufacturers are increasingly adopting renewable energy sources to manage environmental footprint and avail the incentives provided by the government. Chlorosilane is used in the manufacturing of silicon wafers. Silicon wafers are used in the manufacturing of photovoltaic cells to be used in solar panels to convert sunlight into electrical energy.
Scope of Chlorosilane Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Chlorosilane Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Trichlorosilane, Tetrachlorosilane, and Dichlorosilane), and Application (Organic Silicon and Polysilicon)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Dow; Wacker Chemie AG; Hemlock Semiconductor Operations LLC; OCI COMPANY Ltd.; Momentive; REC Silicon ASA; Tokuyama Corporation; Evonik Industries AG; The Sanmar Group; GCL-SI; Wynca Group; and TBEA Co., Ltd.
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Chlorosilane Market Segment Insights
Type Segment Analysis
Based on type, the chlorosilane market is divided into trichlorosilane, tetrachlorosilane, and dichlorosilane. The tetrachlorosilane segment is expected to expand at a significant growth rate during the projection period, owing to the rising demand for tetrachlorosilane in the production of solar-grade silicones.
It is widely used in the production of ultrapure tetrachlorosilane and in different electronics applications such as semiconductors, optical fibers, and photovoltaic cells. Tetrachlorosilane is highly compatible with chemicals such as benzene, toluene, ether, light petroleum, and hydrochloric acid.
Application Segment Analysis
Based on application, the chlorosilane market is bifurcated into organic silicon and polysilicon. The polysilicon segment is expected to register a robust growth rate during the forecast period, due to the use of polysilicon in the production of the conducting gate materials in semiconductors such as metal–oxide–semiconductor field-effect transistors (MOSFET). Polysilicon is used in the production of large-scale photovoltaic devices for solar energy production purposes.
Chlorosilane Market Regional Analysis
In terms of region, the global chlorosilane market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market in the coming years, owing to the rising demand for clean energy resources by public and private organizations.
The growing awareness about clean energy adoption for achieving sustainability goals and tax credits provided by the government is encouraging consumers to adopt solar and wind energy for industrial purposes.
Segments
Type
- Trichlorosilane
- Tetrachlorosilane
- Dichlorosilane
Application
- Organic Silicon
- Polysilicon
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Dow
- Wacker Chemie AG
- Hemlock Semiconductor Operations LLC
- OCI COMPANY Ltd.
- Momentive
- REC Silicon ASA
- Tokuyama Corporation
- Evonik Industries AG
- The Sanmar Group
- GCL-SI
- Wynca Group
- TBEA Co., Ltd.
Competitive Landscape
Key players competing in the global chlorosilane market are Dow; Wacker Chemie AG; Hemlock Semiconductor Operations LLC; OCI COMPANY Ltd.; Momentive; REC Silicon ASA; Tokuyama Corporation; Evonik Industries AG; The Sanmar Group; GCL-SI; Wynca Group; and TBEA Co., Ltd.
Some of these companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In March 2023, Dow announced an additional product offering named the DOWSIL PV product line with silicone-based adhesives solution and sealants with high durability and performance. The new product range provides silicone sealant products using trichlorosilane and tetrachlorosilane to manufacture photovoltaic (PV) module assembly materials.