Silicon Tetrachloride Market Size, Share & COVID-19 Impact Analysis, By Grade (Technical Grade and Electronic Grade), By Application (Fumed Silica, Poly Silicon, Optical Fiber, Chemical Intermediate, and Others) and Regional Forecast, 2024-2032

The silicon tetrachloride market size is primarily driven by its increasing consumption as a chemical intermediate. It is used in the synthesis of silicones and other silicon-based compounds. These silicon-based compounds find applications in industries such as chemicals, rubber, coatings, and plastics. In addition, in the rubber industry, it is used as a catalyst for producing high-quality rubber. It helps cross-linking polymer chains, improving rubber products' strength, elasticity, and heat resistance.

Apart from chemical intermediate, the silicon tetrachloride market growth is also tied to the demand for semiconductor devices such as integrated circuits and microchips. Silicon tetrachloride is a key ingredient in high-purity silicon production that is further used in the semiconductor industry. Thus, the growing demand for semiconductors is set to fuel the growth of the market.

• As per the Semiconductor Industry Association, the global semiconductor market reached USD 574 billion in 2022. U.S.-based semiconductor companies accounted for nearly half of the global sales.

Silicon tetrachloride is employed in the manufacturing of optical fibers. It is utilized to create a layer of silicon dioxide around the fiber's core, which helps to guide the light signals through the fiber with minimal loss. In addition, it is utilized as a catalyst in the alkylation process within the petroleum industry, aiding in producing high-octane gasoline. Furthermore, government initiatives are shaping the associated end-use industries, increasing the demand for silicon tetrachloride.

• The CHIPS Act 2022, passed by the United States government, includes USD 52 billion for chip manufacturing. It offers tax benefits and incentives for semiconductor manufacturing companies.


• The Indian government launched a fiscal policy for semiconductor fabs to support eligible applicants for setting up semiconductor wafer fabrication facilities in the country.

The major silicon tetrachloride consumers by region are China, Taiwan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and South Africa and GCC in the Middle East & Africa.

• By value, on average, Taiwan’s total semiconductor production is USD 147 billion/year.


• China’s total semiconductor export in 2021 was USD 6.02 billion.

Key Insights

The report will cover the following key insights:

• Key Market Trends

• The Regulatory Scenario of Market


• Key Developments in Market


• Latest Technological Advancement


• Impact of COVID-19 on Market

Segmentation:

Analysis by Grade

By grade, the technical grade segment holds a significant share of the global silicon tetrachloride market, however the electronic grade is poised to gain a few points in its market share by the end of 2030.

• Technical grade silicon tetrachloride is an intermediate to produce metallurgical grade silicon, silica, styrene-butadiene rubber, and other silicon-based products. It is a starting material to create various silicon products, including sealants, adhesives, lubricants, and rubber compounds. These silicon-based materials find applications in the construction, automotive, and medical industries.


• It is largely utilized in producing polycrystalline silicon, a primary material for manufacturing solar cells and photovoltaic modules. In addition, these compounds have various applications in various industries, such as semiconductors, personal care products, and specialty chemicals.

Analysis by Application

By application, the fumed silica segment holds a considerable share of the global silicon tetrachloride market.

• Fumed silica is widely used as a reinforcing filler in adhesives and sealants. Fumed silica is used as a thickening and thixotropic agent in adhesives and sealants, enhancing the products' viscosity, stability, and overall performance. It also prevents sagging and improves bonding strength.


• Also, fumed silica is used as a thickening and anti-settling agent in paints and coatings. It helps to control the flow properties, prevent the settling of pigments, and improve the stability. In addition, fumed silica serves as a rheology modifier, preventing the settling of pigments and improving the suspension of solid particles. It also enhances the anti-sag and anti-settling properties, leading to improved quality and longevity of the coating.

Regional Insights

Asia Pacific accounts for the significant global silicon tetrachloride market share due to increasing demand for semiconductors and electronic equipment in China, Taiwan, and India. Taiwan contributes heavily to the market, producing the highest number of semiconductor devices annually.

Global Semiconductor Sales by Region in the Year 2022

• Asia Pacific – 61%


• Americas - 22%


• Europe - 9%


• Japan - 8%

Key Players Covered

The report will include the profiles of key players, such as Evonik Industries, Tokuyama Chemicals Co. Ltd., Shandong Xinlong Group Co Ltd., Air Products and Chemicals, Inc., Merck KGaA, Hemlock Semiconductor Corporation, and Alfa Aesar.

Key Industry Developments:

• June 2023 - Wacker Chemie AG announced expanding its semiconductor-grade polysilicon production capacity in Burghausen.

• June 2021 - Dow Chemical Company announced the construction of a new silicon resin plant in China. This production expansion will meet the high demand from various applications such as antifoams, home & personal care, pressure-sensitive adhesives, and moldable optics.