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Chlorosilane Market Share

Report ID: GMI5260
Published Date: Apr 2022
Report Format: PDF

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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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The chlorosilane industry size for solar-grade silicone was valued at more than USD 5.35 billion in 2021 and will witness a 23% CAGR over 2022-2028 with the surging number of solar generation plants.

The chlorosilane market size for solar-grade silicone from the tetrachlorosilanes product segment is pegged to record a value of over USD 630 million by 2028 with excellent compatibility with different chemicals including toluene, benzene, light petroleum, and ether.

North America chlorosilane industry share for solar silicone grade is likely to cross USD 5.80 billion by 2028 due to the rising number of solar photovoltaic installations and extensive R&D activities in the region.

Wacker Chemie AG, The Dow Chemical Company, Dow Inc., Evonik, Chemcon Specialty Chemicals, and Zhejiang Xinan Chemical Industrial Group Co., Ltd. (Wynca Group) are some of the key chlorosilane industry players for solar grade silicone.