GlobalSilicon Tetrachloride Market: Overview
The demandfor silicon tetrachloride has risen due to the multiple purposes it serves inmultiple industries. The rising use of fumed silica and trichlorosilane are thetwo important elements for the increased demand of chemical intermediates as itcomprises the basic raw materials for the making of these two items. Players inthe global silicon tetrachloride market are exploring options to widen theapplication base of silicon tetrachloride to enhance its potential in themarket.
Silicontetrachloride refers to a colorless inorganic compound that comes with lowboiling point and is volatile in nature. The chemical finds abundant use in theproduction of silica and high purity silicon, which are extensively utilizedfor various commercial applications. Photo voltaic cells and semiconductorsmake use of high purity silicon abundantly. Scope of use in such a wide varietyof applications is anticipated to foster growth of the globalsilicon tetrachloride market over the timeframe of analysis, from 2020to 2030.
Grade,application, and region are the three important parameters based on which theglobal silicon tetrachloride market has been classified.
GlobalSilicon Tetrachloride Market: Notable Developments
One of therelevant and important developments of the market that gives a quick view ofthe dynamics pertaining to global silicon tetrachloride market is mentioned asbelow:
· In August 2020, Leading German manufacturer of specialtychemicals, Evonik Industries AG, acquired Porocel Group with the objective ofaccelerating its growth in the chemical industry. With the acquisition, EvonikIndustries is expecting to expand its product portfolio and channelize itsfocus on high-margin specialty chemicals.
Some ofthe prominent organizations in the global silicon tetrachloride market comprisethe below-mentioned:
· GRINM Electro-Optic Materials Co., Ltd
· Evonik Industries AG
· Dow Silicones Corporation
· GCL-Poly
· China Silicon Corporation
· Tianjin Maotong Fine Chemical Technology Co., Ltd.
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GlobalSilicon Tetrachloride Market: Key Trends
The globalsilicon tetrachloride market is characterized by the presence of the followingrestraints, drivers, and opportunities.
Unprecedented Rise in the Demand for Optic Fiber is Expected toShoot Up Demand
Silicontetrachloride, in the presence of moisture, is corrosive toward metals and pureform of silicon tetrachloride is not flammable. It is utilized in the synthesisof several silicon-based chemicals and also finds utilization in chemicalanalysis. Another important use of the chemical lies in the making ofsemiconductors and optical fibers. Across the globe, the demand forsemiconductors has shown phenomenal growth, thanks to its plentiful use in themaking of electronic products. Rapid growth in the production of GPS,communications, and electronics devices worldwide is likely to play animportant role in fostering growth of the global silicon tetrachloride marketover the timeframe of analysis, from 2020 to 2030.
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In themaking of optic cable perform, high purity silicon tetrachloride is a veryimportant raw material. In the last few years, the demand for LTE, 4G, 5Gconnectivity has seen a spiraling rise in demand, which generates demand forfiber optic. As such, phenomenal rise in the demand for optic fiber is expectedto fuel growth of the global silicon tetrachloride market in the years to come.Apart from the telecommunications industry, fiber optic is also used in otherindustries like aerospace, military, and oil and gas.
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