Chlorosilane Market for Solar Grade Silicone - By Product (Methylchlorosilanes, Dimethylchlorosilanes, Tetrachlorosilanes, Trichlorosilanes) & Forecast, 2022-2028

Chlorosilane Market Size

Chlorosilane Market size for Solar Grade Silicone exceeded USD 5.35 billion in 2021 and is estimated to grow at over 23% CAGR between 2022 and 2028. Increasing number of solar generation plants across the globe owing to increasing global warming due to conventional energy sources is propelling market growth.
 

Growing consumer awareness regarding the undesirable effects of use of different conventional sources of energy such as coal and natural gas including increased greenhouse gas emissions. This has increases global warming and resulted in an increased consumer preference toward renewable sources of energy such as solar energy.
 

Further, increasing carbon dioxide emissions from the use of different fuels in the recent past year are expected to increase the demand and production of solar panels and solar modules over the coming years. Moreover, various disadvantages, such as increased electricity bills, power outages, and low financing costs associated with consumption of electricity generated using conventional sources of energy, will draw consumer attention toward the use of solar energy in the residential sector and supports the expansion of chlorosilane market for solar grade silicone.
 

In addition, clean energy targets in the corporate & industrial sectors coupled with the increasing efforts by manufacturers to achieve an improved level of sustainability in their manufacturing operations should encourage the use of highly efficient solar systems, in turn, increasing the demand for chlorosilanes for solar grade silicon applications in the region during the forecast period.
 

The market demand has been boosted by the growing demand for solar energy. Solar energy industry growth is being driven by increased environmental degradation and government incentives and tax refunds to install solar panels. These, solar energy systems' reduced water footprint has also increased their demand in the power generation sector. As a result of an increase in rooftop and architectural installations, the demand for solar cells has increased dramatically which has optimistic effect on the market statistics. The demand for parabolic troughs and solar power towers in the generation of electricity is expected to rise.
 

Chlorosilane Market Analysis

Chlorosilane market for solar grade silicone from tetrachlorosilanes product segment is likely to surpass USD 630 Million by 2028. Demand for tetrachlorosilanes to produce solar grade silicone is expected to surge over the forecast period owing to its excellent compatibility with different chemicals including toluene, benzene, light petroleum, ether, and hydrochloric acid, among others. Moreover, it is non-explosive and does not undergo oxidation, which is expected to provide an added advantage to this product over other types of chlorosilanes.
 

Use of tetrachlorosilane to produce ultrapure tetrachlorosilane, which possesses a very high level of purity up to 99.9% makes it an ideal choice for use in different electronic applications including optical fibres, semiconductors, silicon anodes, and in photovoltaics to produce solar panels. The rising demand for solar photovoltaic modules & systems owing to the growing consumer awareness regarding the importance of harnessing energy derived from renewable sources, such as solar energy, should raise the demand for tetrachlorosilanes and foster chlorosilane market for solar grade silicone over the forecast period.
 

Chlorosilane market for solar grade silicone from dimethylchlorosilanes segment exceeded USD 580 million in 2021 and is anticipated to register a CAGR of 26.5% through 2028. Dimethylchlorosilanes are expected to show significant growth due to virtue of increasing preference among manufacturers of solar grade silicone owing to the increasing use of Direct Synthesis reaction to produce solar grade silicone.
 

Direct Synthesis reaction involves the reaction between silicon power and methyl chloride gas. This reaction results in the formation of a mixture of several liquid silicone which are then separated by distillation. Among the mixture of the different liquid silicone produced, dimethylchlorosilanes are produced on a large scale.
 

Increasing use of solar energy in different residential and commercial grid projects is likely to raise the demand for dimethylchlorosilanes to produce solar grade silicon during the forecast period. Companies are increasingly focusing on installing large scale network grids for capturing solar energy and converting it into electricity for supplying power to many residential areas.
 

North America chlorosilane market size for solar silicone grade is set to exceed USD 5.80 billion by 2028. Increasing solar photovoltaic installations across the region coupled with extensive research & development being undertaken by solar system manufacturers to bring about technological advancements in the existing design and energy generating capacity of solar photovoltaic cells is expected to further open up new growth opportunities for the regional market expansion over the forecast period.
 

Increasing support by the U.S. government in the form of tax credits, loans and grants to encourage the use of solar systems should further support the industry landscape. The Renewable Electricity Production Tax Credit (PTC), the Investment Tax Credit (ITC), the Residential Energy Credit, and the Modified Accelerated Cost-Recovery System (MACRS) are some of the tax benefitting policies implemented by the U.S. government to promote the use of solar systems, in turn boosting the demand for chlorosilanes for solar grade silicone application in the region.
 

Chlorosilane Market Share

Global chlorosilane market for solar grade silicone is fragmented, and key players include

• Wacker Chemie AG
• The Dow Chemical Company
• Dow Inc.
• Evonik
• Chemcon Specialty Chemicals
• Zhejiang Xinan Chemical Industrial Group Co., Ltd. (Wynca Group)

Key manufacturers operating in the market has keenly engaged in acquisition, collaboration and other activities owing to extensive product adoption in many end-use and rapid growth of solar industry.
 

In addition, manufacturers are engaged in several activities to strengthen their position in the market.  For instance, In September 2020, Hemlock Semiconductor Operations announced the acquisition of the trichlorosilane business of DuPont. This strategic acquisition was aimed to strengthen the company’s position in the semiconductor market, control supply, and substantially reduce costs.
 

Chlorosilane market for solar grade silicone market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2017 to 2028 for the following segments:

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By Product

• Methylchlorosilanes
• Dimethylchlorosilanes
• Tetrachlorosilanes
• Trichlorosilanes
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Japan