Global Silicon Tetrachloride Market anticipated to be Valued at US$ 1862.5 Mn by the end of 2017

Future Market Insights delivers key insights on the global silicon tetrachloride market in its latest report titled ‘Silicon tetrachloride Market: Global Industry Analysis 2012-2016 and Opportunity Assessment, 2017-2027.’ The long-term outlook on the global silicon tetrachloride market remains positive with the market value expected to increase at a CAGR of 4.3% during the forecast period (2017-2027). Among application, the chemical intermediate segment is expected to expand at a significant CAGR in terms of value and volume over the forecast period. The global sales of silicon tetrachloride is estimated to be valued at US$ 1862.5 Mn by the end of 2017. China is estimated to account for a value share of 36.1% in the global silicon tetrachloride market by 2017 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on drivers and restraints likely to impact the market during this period.

Increasing consumption of silicon tetrachloride in the manufacturing of trichlorosilane, major raw material for polysilicon, helps to drive the market over the forecast period. With the significant rise in consumption of polysilicon in the solar PV panel manufacturing leads to subsequently increase in demand for trichlorosilane, thereby, helps to drive the silicon tetrachloride market. Moreover, increasing demand for silicon tetrachloride in the production of fumed silica helps to drive the market over the forecast period. Furthermore, increasing demand for the optic cable in Asia pacific region such as in Chian, India and ASEAN market that in turn, is expected to drive the market. Apart from this, government regulation over the disposal of silicon tetrachloride waste may hamper growth of market. Also, increase price owing to lack of supply may restrict the silicon tetrachloride market.

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Segmentation Analysis:

The silicon tetrachloride market is segmented on the basis of application segment includes Chemical Intermediate, Optic Fiber Preform, Silicon Rubber and Others. On the basis of application, the Chemical Intermediate segment is anticipated to dominate the market in terms of value over the forecast period.; The Chemical Intermediate segment is estimated to grow at a relatively high CAGR as compared to other types except laser guidance over the forecast period. It is expected to represent a total incremental opportunity of US$ 849.1 Mn between 2017 and 2027.; The silicon rubber segment is expected to degrade in terms of value and volume throughout the forecast period.

Regional Market Projections: China is expected to be the dominating region with a 36.1% market share in terms of revenue in the global silicon tetrachloride market by the end of 2017. Europe is expected to hold a dominant revenue share after china in the global silicon tetrachloride market through 2027. The India market is projected to hold a significant market share in terms of value in the global silicon tetrachloride market over the forecast period, exhibiting a CAGR of 5.1% over the forecast period.

Vendor Insights: The report highlights some of the top companies operating in the global conventional motorcycles and scooters market includes Evonik Industries, DowDupont Company, Air Products and Chemicals, Inc., The Linde Group, Inner Mongolia Dakang Industrial Co., Ltd., Tokuyama Corporation, Shandong Xinlong Group, Air Liquide, Cabot Corporation, Wacker Chemie AG, OCI Co Ltd., Mitsubishi material corporation, GCL Poly Energy Holding Limited and TBEA Co. Ltd.

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