Trichlorosilane Market Size worth over $10bn by 2025
Published Date: October 17, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Trichlorosilane Market size is expected to surpass USD 10 billion by 2025; according to a new research report by Global Market Insights, Inc.
The trichlorosilane market may witness significant gains from 2019 to 2025 with rising demand from polysilicon production using Siemens process in which trichlorosilane is used as a major feedstock. It is primarily utilized in manufacturing of silane coupling agents, silicone resins, intermediary material in the production of epitaxial wafers, polycrystalline silicone and organic chemical compounds.
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Solar industry growth to support trichlorosilane demand
Polycrystalline silicon (PCS) is a key component of solar PV panel manufacturing and significant volume of trichlorosilane is consumed in production of PCS. These PCS are produced using Siemens process in which silicon rods are exposed to trichlorosilane to manufacture ultra-high purity polysilicon for solar PV application.
Growth of solar industry is increasing the demand for photovoltaic products manufactured using polysilicon, which will augment the trichlorosilane market. Solar industry has witnessed around 109 GW of new capacity installations in 2018, which has resulted into installed capacity of 512 GW across the globe. Rise in solar PV installation worldwide is projected to spur the demand for polysilicon.
Increasing government incentives and rebates, substantially lowered the system costs for the solar installations which act as a major factor in the global expansion of PV installations. A number of solar energy incentive schemes including Feed-in Tariffs (FIT), quota-based tradable green certificates (TGC), investment subsidies and tax cuts is the major factor shaping solar industry dynamics.
Browse key industry insights spread across 130 pages with 116 market data tables and 21 figures & charts from the report, “Trichlorosilane Market Size By Production Process (Hydrochlorination, Direct Chlorination), By Application (Silane Coupling Agent, Polycrystalline Silicon), Industry Analysis Report, Regional Analysis, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Semiconductor sector growth to drive industry demand
Rapid growth of semiconductor component manufacturing to meet increasing requirement from electronics industry is driving the demand for electronic grade polycrystalline silicon. Trichlorosilane is widely used for the deposition of epitactic silicon layers on silicon wafers during semiconductor production.
Growing demand for consumer electronics devices will require an increasing number of complex and smaller semiconductors. As a result, semiconductor manufacturing facilities are challenged to meet complex technology nodes which will further boost the demand for ultra-high purity polysilicon. Large scale production of electronic grade silicon consumes high volume of trichlorosilane for ease of purification to reach desired degree of purity.
Increasing solar PV installations in North America to drive trichlorosilane demand
The U.S. and Canada are focusing towards clean & renewable energy sources with increasing government incentives, rebates and tax benefits offered by federal and state governments. Solar energy is associated with benefits such as one kilogram of hyper-pure polysilicon saving over 7,000 kilograms of CO2 emissions during the lifetime of solar cells while offering shorter energy payback times and continuous cost decline.
The U.S. is the world’s second largest solar power market and installed 10.6 GW of new PV systems in 2018. New installed capacity in the country is expected to increase by 14% to 12 GW in 2019. In addition, the country is expected to witness 113% growth in its cumulative installed capacity from 62.1 GW in 2018 to 132.4 GW by 2023. Growth of solar PV installations across the U.S. is projected to spur PCS demand thereby driving the trichlorosilane market size.
Increasing investment in semiconductor manufacturing facilities in China is accelerating trichlorosilane industry
China’s trichlorosilane manufacturing facilities are concentrated in East, North, and Middle of South regions accounting for over 93% in the national output. Purified trichlorosilane owing to its wide availability and reactivity, is frequently used in the production of polycrystalline silicon, silicone oil, silicone compounds and chemical vapor deposition processes.
China is the largest manufacturing hub for semiconductor component manufacturing industries in Asia and across the globe. Increasing investment by polycrystalline silicon manufacturers in expansion of their production facilities in China have positive impact on the trichlorosilane market growth.
Some of the major market players including Wacker Chemie, Linde, Evonik are focused on mergers & acquisitions to expand their production capacities to meet rising demand for the trichlorosilane. The companies are increasingly investing in developing and optimizing production processes to achieve desired quantity and purity of the trichlorosilane.