Trichlorosilane Market - By Production Process (Hydrochlorination, Direct Chlorination), By Application (Silane Coupling Agent, Polycrystalline Silicon) & Forecast, 2022-2028

Industry Overview

Trichlorosilane Market size exceeded USD 4.84 Billion in 2021 and is estimated to grow at a CAGR of around 10.8% between 2022 and 2028.  Growing consumer awareness regarding the importance of harnessing alternate, non-conventional sources of energy such as solar energy is expected to raise product demand for manufacturing polycrystalline silicon for solar industry.
 

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Trichlorosilane is an inorganic chemical compound which is produced by reacting silicon in powdered form with hydrogen chloride. Siemen’s process which is the most widely used process for manufacturing solar grade silicon results in formation of a mixture of chlorosilanes, majority of which comprises of trichlorosilane. Increasing use of Siemen’s process for manufacturing solar grade silicon is expected to raise the demand for trichlorosilane from solar applications and boost growth of the global trichlorosilane market over the forecast period.
 

Growing concerns regarding depletion of conventional sources of energy and growing consumer awareness regarding sustainability of the environment is likely to raise the demand for trichlorosilane for manufacturing polycrystalline silicon. Increasing demand for polycrystalline silicon from the solar industry should escalate product demand and promote the growth of the trichlorosilane market over the forecast period.
 

Remarkable attributes of silicon resin such as its high heat resistance, weatherability, and dielectric properties, among others is expected to raise its demand from different end-use industries including construction, transportation, paints & coatings, and electronics, among others. Widening application scope of silicon resin is expected raise the trichlorosilane market share over the forecast period.
 

Growing demand for silane coupling agents for surface treatment & modification in different applications such as electrical wire coverings, grinders, and tires, among others should raise the demand for trichlorosilane for manufacturing silane coupling agents during the forecast period. Ability of silane coupling agent to impart improved adhesion, water resistance & alkali resistance to the substrate is expected to escalate its demand from different applications such as construction, automotive & packaging, among others.
 

However, the volatile, flammable & corrosive nature of trichlorosilane is expected to hamper the growth of the market to some extent over the forecast period. The high-risk factor of occurrence of accidents involved in manufacturing trichlorosilane is expected to further restrict market growth during the forecast period. Moreover, high production cost & price of the final product owing to the volatile nature of the product & increased cost of handling should further decline global trichlorosilane market growth.
 

Low production cost of trichlorosilane, high production efficiency and increasing technological innovations in the hydrochlorination (HC) production process should favor the business demand

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Global trichlorosilane market from hydrochlorination (HC) production process was valued at over USD 3 Billion in 2021 and is expected to grow at a CAGR of 11.2% between 2022 and 2028 driven by the increasing efforts being undertaken by trichlorosilane manufacturers to develop highly efficient and cost-effective trichlorosilane production processes capable of yielding increased output, in turn opening doors for increased investment in trichlorosilane production.
 

For instance, GT Advanced Technologies is a company which has succeeded in developing an innovative trichlorosilane production technology which helps manufacturers in cutting down on the overall trichlorosilane production cost through the use of a single hydrochlorination fluid bed reactor (FBR) instead of multiple fluid bed reactors. High initial capital investment and high cost of maintenance of equipment are soe of the major entry barriers for the trichlorosilane manufacturers, which may restrict investment by manufacturers in this sector.
 

Moreover, this newly developed technology optimises on the use of auxiliary equipment, piping, structure, valves, and instruments for trichlorosilane production, which further helps in overall production cost reduction. High production efficiency ensured by hydrochlorination (HC) process is expected to further drive the attention of manufacturers towards use of this advanced technology, in turn fostering growth of the global trichlorosilane market over the forecast period.
 

Growing demand for silane coupling agents from different applications including surface treatment & modification, adhesives, paints & coatings, and resin modifications, among others should boost the product demand

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Global trichlorosilane market from silane coupling agent application is anticipated to surpass USD 6.28 Billion by 2028, growing at a CAGR of 10.7% over the forecast period. Remarkable attributes of silane coupling agents such as its heat resistance, water resistance, weatherability and improved durability of resins, among others is expected to raise its demand for surface treatment of different materials.
 

Moreover, increasing demand for silane coupling agents in different resin modification applications such as epoxy resin modification in electronic micro components, styrene butadiene rubber modification in tires and phenolic resin modification in grinders & moldings should boost market growth. Trichlorosilane is one of the major raw materials used in the production of silane coupling agents.
 

Rising demand for silane coupling agents from paints & inks and film coating applications should further raise the demand for trichlorosilane from manufacturing paints & coatings. Furthermore, the excellent properties of silane coupling agents such as its high adhesion, water resistance and alkali resistance, among others is likely to raise its demand from adhesive application, in turn propelling global trichlorosilane market growth over the forecast period.
 

Rising demand for solar energy generation owing to growing consumer awareness regarding the need to harness alternative sources of energy in North America should raise the product demand

North America trichlorosilane market is poised to surpass USD 2.31 billion by 2028, growing at a CAGR of 10.9% owing to the increasing efforts by solar manufacturers to increase the efficiency of solar photovoltaic cells in the region. the region. Growing consumer awareness about undesirable effects of increasing carbon dioxide emissions on the environment due to the use of conventional fossil fuels, such as coal, oil, and natural gas, for generating electricity is expected to increase consumer acceptance of solar systems.
 

Rising demand for solar equipment and arranging solar photovoltaic installations in smaller configurations on mini grids to provide electricity to residential areas on a large scale should raise the demand for trichlorosilane from solar applications over the forecast period. Trichlorosilane is used to manufacture polycrystalline silicon which finds demanding applications in the solar industry.
 

Furthermore, increasing efforts by the U.S. government in the form of favorable policies such as the Renewable Electricity Production Tax Credit (PTC), the Investment Tax Credit (ITC) and the Residential Energy Credit, among others to encourage the use of solar systems is expected to further propel market growth. Annual new installations of solar energy capacity in the U.S. increased from 10.60 gigawatts in 2017 to 19.20 gigawatts in 2020, which shows a considerable growth potential for the trichlorosilane market in the region over the forecast period.
 

Increasing adoption of different growth strategies such as mergers & acquisitions by key players to strengthen their position in the market

The global trichlorosilane industry is competitive with Evonik Industries, American Elements, SIAD Spa, Gelesa Inc. and Mitsubishi Polycrystalline Silicon America Corporation being some of the major players in the market. Players in the market are focusing on acquiring other market participants to further advance their technical know-how and manufacturing processes and strengthen their position in the global market.
 

For instance, in September 2020, Hemlock Semiconductor Operations announced the acquisition of the trichlorosilane business of DuPont. The strategic acquisition would enable the company to seek advantage of the technical, marketing and manufacturing capabilities of DuPont as well as the well-established client base of Dupont to improve sales and further enhance its position in the chlorosilane business. Besides, this acquisition would also enable the company to vertically integrate its operations, thus cutting down on costs associated with raw material procurement and logistics.
 

Global trichlorosilane market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2028 for the following segments:

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By Production Process

• Hydrochlorination
• Direct Chlorination

By Application

• Silane Coupling Agent
• Polycrystalline Silicon
• Others

The above information has been provided for the following regions:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
• Latin America
• Middle East & Africa