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Silicon Tetrachloride Market– Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2017-2027.

02-10-2021 02:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

future market insights

future market insights

Future Market Insights (FMI) has published a new research titled “Silicon Tetrachloride & Derivatives Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The report states that the demand for silicon tetrachloride is likely to be driven by the growing demand for chemical intermediate manufacturing. As silicon tetrachloride is employed as an intermediate in the production of polysilicon, its demand in certain vertical industries is also increasing and is expected to remain on the same track in the coming years. The global silicon tetrachloride market is expected to witness a CAGR of 4.3% from 2017 to 2027. The market is expected to reach a valuation of over US$ 2,846 Mn by the end of the forecast period.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6392

Growing Demand for Optic Cable to Bode Well for Market Growth
High purity silicon tetrachloride is a major raw material used for the manufacturing of optic cable preform, which is used in the manufacturing of optic cables. In the recent past, supported by the growth of 4G, 5G, LTE, FFTx and the IoT, there has been a significant increase in the demand for optic cables across the globe. China, U.S. and Japan constitute around 80% of total optic cable preform manufacturing and in terms of consumption, China accounted for nearly 58% of total optic fibre preform in 2017. A constantly increasing demand for optic cables will boost the demand for optic cable preform, which will subsequently drive the silicon tetrachloride market over the forecast period.

However, the government of China has imposed rules and regulations on the manufacturing of silicon tetrachloride, which is produced as a by-product during the production process of polysilicon. The government of China has imposed a minimum recycle rate of 98.5% on silicon tetrachloride and the initial capital cost of silicon tetrachloride recycling facility is high and the operating cost is high as well, which in turn, is increasing the price as well as limiting the supply of silicon tetrachloride. This might adversely affect the growth of the silicon tetrachloride market over the forecast period.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6392

Adoption of Silicon Tetrachloride to be High in China Among all Regions
The growing use of silicon tetrachloride in China can be attributed to the lucrative growth of the solar industry in the region. One of the core raw materials used in the manufacturing of solar panels is silicon tetrachloride. The focus on solar energy in the region is expected to spur the demand for silicon tetrachloride in the coming years. Moreover, the snowballing effect of the semiconductor industry and the rising progress of the paints and coatings industry is anticipated to increase the adoption of silicon tetrachloride in the region in the years ahead. The increasing demand for chemical intermediate in the manufacturing industry is also expected to propel the demand for silicon tetrachloride in the region. However, the dependence of the region on cyclical end-use industries and the several restrictions imposed on silicon tetrachloride owing to harmful health impacts might slow down the growth of the market in the region.

View Report Preview at Silicon Tetrachloride Market Segmentation By Application - Chemical Intermediate, Silicone Rubber, Optic Fiber Preform, Others; By Grade - Electronics Grade, Technical Grade; By Derivatives - Polysilicon, Semiconductors, Photovoltaic Cells, Fumed Silica, Adhesive & Sealant, Food, Personal care, Paints & coatings, Others: https://www.futuremarketinsights.com/reports/silicon-tetrachloride-market
Evonik Industries to Emerge Undefeated
In 2016, Evonik Industries accounted for over 40% of the global market share and is expected to retain its dominance in the market over the course of the forecast period. The other companies operating in the market are Cabot Corp., Wacker Chemie AG, The Linde Group, DowDuPont Inc., Tokuyama Corporation, Air Liquide S.A., and OCI Company Ltd., among others.

Browse More: Chemicals & Materials Market Insights

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• Corrosion Protection Polymer Coating Market Segmentation Product Type – Epoxy, Polyurethane, Alkyd, Acrylic, Fluoropolymer, Vinyl Ester & Flake-filled Vinyl Ester; End Use – Marine, Oil and Gas, Power Generation, Construction, Automotive, Transportation, Chemicals, Mining & Metallurgy, Others; Form Type – Solvent-borne, Waterborne, Powder-based: https://www.futuremarketinsights.com/reports/corrosion-protection-polymer-coating-market
• Asphalt Shingles Market Segmentation Product Type - Heavy Laminates, Laminates, Strip; Composition - Fiberglass Asphalt Shingles, Organic Asphalt Shingles; End Market - New Construction, Re-roofing: https://www.futuremarketinsights.com/reports/asphalt-shingles-market

Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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