- Increasing demand for trichlorosilane in the semiconductor and electronics industry is a key factor driving growth.
- Trichlorosilane may react explosively, which may hinder market growth.
- The market in the Asia Pacific is expected to register the highest growth rate regionally.
Trichlorosilane is an inorganic compound made up of hydrogen, silicon, and chlorine. It is volatile and colorless liquid. In the semiconductor industry purified trichlorosilane is used in the production of ultrapure silicon, which is used for making computer chips and solar panels.
The global trichlorosilane market is estimated to value at over $4.2 billion in 2019 and is expected to register a CAGR of 6.4%. The first five-year cumulative revenue (2019–2023) is projected to be more than $24 billion, which is expected to increase rather relatively over the latter part of the five-year forecast period.
Global Trichlorosilane Market: Market Dynamics
Increasing demand for trichlorosilane in the semiconductor and electronics industry for manufacturing silicon is a key factor driving growth of the global trichlorosilane market. In addition, growing adoption of solar panels, owing to the increasing use of solar energy for power generation for residential and commercial applications is another factor fueling growth of the target market.
However, with some of the oxidizing agents, trichlorosilane may react explosively is a factor that could affect growth of the target market. Nevertheless, increasing inclination towards usage of clean energy especially solar energy among end users is a factor supporting growth of the target market.
Global Trichlorosilane Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global trichlorosilane market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global trichlorosilane market is expected to register a CAGR of 6.4% during the forecast period.
Global Trichlorosilane Market: Segmental Snapshot
The market report has been segmented on the basis of deployment type, application, and region. The deployment type segment includes the direct chlorination process and hydrochlorination. The application segment includes polysilicon, chemical intermediate, and others. The region includes North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.
- By Type: The hydrochlorination process segment is expected to register the CAGR of over 5.9% over the next 10 years
- By Application: The polysilicon segment is expected to register the highest CAGR of over 6.3% in the near future
- By Region: The market in the Asia Pacific is expected to register the highest CAGR of over 6.4% in the global trichlorosilane market
Global Trichlorosilane Market: Competitive Analysis
The research report on the global trichlorosilane market includes profiles of some of the major companies such as GCL-Poly Energy Holdings Limited, Wacker Chemie AG, Hemlock Semiconductor Group (DowDuPont Inc.), OCI or OCI Company Ltd., REC Silicon ASA, SunEdison, Inc., Tongwei Group Co., Ltd. (Yongxiang Co., Ltd), Evonik Industries AG, Tokuyama Corporation, Daqo New Energy Corp., KCC Corporation, Osung Advanced Materials Co., Ltd. (Hankook Silicon Co., Ltd.), Tangshan Sunfar Silicon Industries Co., Ltd., Hanwha Chemical Corporation, China Silicon Corporation, Ltd. (SINOSICO), Zhejiang Xinan Chemical Industrial Group Co., Ltd., Asian Silicon (Qinghai) Co., Ltd., CSG Holding Co., Ltd., Thermo Fisher Scientific Inc., Merck KGaA, and SiTec GmbH (Centrotherm International AG).