The global trichlorosilane market size was US$ 4,631 million in 2021. The global trichlorosilane market size is forecast to reach US$ 11,068 million by 2030, growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period from 2022 to 2030.
Trichlorosilane (TCS) is colorless, volatile, and typically liquid. It has the chemical formula HSiCl3, which indicates that it is a silicon, hydrogen, and chlorine combination. Trichlorosilane is a byproduct created during the production of polycrystalline silicon. The electronics sector uses polycrystalline silicon as a raw material while creating its products. In order to produce pure polysilicon, trichlorosilane is created. Various chemical products are also made with it. In order to create silicone-based resins and polymers, trichlorosilane is employed as a monomer.
Factors Influencing Market Growth
Rising usage in the semiconductor industry and the increasing demand for trichlorosilane in polysilicon manufacture drive the global market.
The increasing interest in polycrystalline silicon from the power sector and the growing need for silane coupling agents for surface treatment and transformation boost the global market growth.
The increased-risk factor for the incidence of casualties in manufacturing may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to prevent the virus from spreading. Thus, this led to the closure of various end-users. In addition, the major use of trichlorosilane is in the manufacturing of semiconductors used in the electronics & electrical industry. Additionally, the decrease in demand for electronics & electrical products has reduced the demand for trichlorosilane.
Regional Analysis
North America had a substantial market share in 2021 and is forecast to have significant growth during the forecast period. As a result of the improved efforts by solar manufacturers to enhance the efficiency of solar cells photovoltaic panels. In addition, the increasing need for solar equipment and installing solar photovoltaic systems on mini-grids to distribute electricity to residential areas on a massive scale. Additionally, increasing consumer acceptance of solar systems, owing to the growing negative environmental effects of advancing greenhouse gas emissions generated by the use of conventional energy. Furthermore, the United States government extended efforts to facilitate the use of solar systems via supportive government initiatives such as the Renewable Electricity Production Tax Credit, the Residences Energy Credit, etc. Thus, these factors fuel the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global trichlorosilane market are:
American Elements
SIAD Spa
Evonik Industries
Wacker Chemie AG, Dow Incorporated
Wynca Group
Gelesa Incorporated
Linde AG
OCI Company Limited
SIAD S.p.A.
Mitsubishi Polycrystalline Silicon America Corporation
Tokuyama Chemicals (Zhejiang) Co., Limited
Other Prominent Players
Scope of the Report
The global trichlorosilane market segmentation focuses on Production Process, Application, and Region.
Segmentation based on Production Process
Hydrochlorination
Direct Chlorination
Segmentation based on Application
Silane Coupling Agent
Polycrystalline Silicon
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Trichlorosilane Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Trichlorosilane Market is projected to reach US$ 11,068 million by the end of 2030 from US$ 4,631 million in 2021, at a CAGR of 10.5%
Meta Keywords: trichlorosilane market Size, trichlorosilane market share, trichlorosilane market trend, trichlorosilane market Forecast, trichlorosilane market insight