Rising Demand for Optical Fibre to Aid the Growth of the Global Market for Silicon Tetrachloride
The silicon tetrachloride industry is driven by the rising demand for optical fibre, which is a major application segment of silicon tetrachloride. There is an overall spurt in the demand for technological products like tablets, smartphones, and the emergence of other high-tech communication devices that incorporate the use of optic fibres in the manufacturing process; as a result, the silicon tetrachloride industry is rising. The fibre optics have varied applications, including but not limit to oil and gas, military, and aerospace.Region-wise, the market for silicon tetrachloride and the ultra-pure variant of the product is witnessing a rise in China, which is supporting the expansion of silicon tetrachloride within the Asia-Pacific region. The demand for consumer electronics, as well as data processing, is expected to accelerate over the forecast period.
Silicon Tetrachloride: Market Segmentation
Silicon tetrachloride is a colourless inorganic compound, which is volatile in nature and has a low boiling point. It is used as a surface modifying agent and as an intermediate in the synthesis of silicon-based products. The chemical can be obtained in the form of a by-product of polycrystalline silicon.On the basis of application, the market is divided into:
- Chemical Intermediate
- Semiconductors
- Photovoltaic Cells
- Optical Fibre
- Others
The regional markets for the product include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The market for silicon tetrachloride is driven by the growing demand for high purity silicon and silica for commercial purposes, as it is used in the manufacturing of silicon and silica. The market for silicon tetrachloride is driven by the rising demand for semiconductors and photovoltaic (PV) cells, which utilises high purity silicon. The chemical is corrosive to metals in the presence of moisture, and the pure variant is non-flammable. The chemical is used to synthesise various silicon-based chemicals and, also, in chemical analysis. Further, silicon tetrachloride is widely used in the production of semiconductors and optical fibre. The market for silicon tetrachloride is witnessing a high demand owing to budding industries of communications, electronics, and GPS devices manufacturing industries across the world.
Key Industry Players in the Global Silicon Tetrachloride Market
The report gives a detailed analysis of the following key players in the global silicon tetrachloride market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Evonik Industries AG
- Air Products and Chemicals, Inc
- Momentive Specialty Chemicals Inc.
- Shandong Xinlong Group
- Merck KGaA
- Others
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Companies Mentioned
The key companies featured in this Silicon Tetrachloride market report include:- Evonik Industries AG
- Air Products and Chemicals, Inc
- Momentive Specialty Chemicals Inc.
- Shandong Xinlong Group
- Merck KGaA