Trichlorosilane Market Analysis | 2023-2028

Market Insights

The Trichlorosilane Market is expected to grow from USD 5.05 billion in 2022 to USD 9.11 billion by 2028 at a CAGR of 10.26% during the forecast period.

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What is trichlorosilane?

Trichlorosilane, or TCS, is a colorless, volatile inorganic compound. It is majorly used as a starting material for organosilicon compounds, such as octadecyl (OTS), perfluorooctyl (PFOTCS), and perfluorooctyl (FDTS) trichlorosilane, which are further used for coating processes in nanotechnology and surface science.

Market Dynamics

The thriving semiconductor and electronics industries around the world are driving the recovery and growth of the trichlorosilane market. The growing demand for trichlorosilane in polysilicon manufacturing is driven by the growth of solar energy and the semiconductor industry. Additionally, massive investments are being made globally in the semiconductor and solar PV manufacturing industries.

Covid-19 Impact

The trichlorosilane market experienced negative growth following the outbreak of the pandemic. Supply chain disruptions, cash flow constraints, and the temporary shutdown of production facilities were among the challenges that the industry stakeholders faced. All of these factors reduced the demand for trichlorosilane in end-use industries. However, as the COVID concerns faded away in 2021, the market began to recover.

Segments Analysis

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories-

By Production Process Type

• Hydrochlorination 
• Direct Chlorination 

By Application Type

• Silane Coupling Agent 
• Polycrystalline Silicon 
• Others 

By Region

• North America 
• Europe 
• Asia-Pacific 
• Rest of the World 

By Production Process Type

The market is segmented into hydrochlorination and direct chlorination. Hydrochlorination is likely to remain the dominant production process type in the foreseen future. Producing trichlorosilane through the hydrochlorination process saves almost 70% of the energy as compared to the direct chlorination process as the hydrochlorination process integrates two chemical process steps in one reactor. In addition, metallurgical grade silicon with higher product yield is used in the hydrochlorination-based polysilicon process, which saves money and makes the process more energy efficient.

By Application Type

The market is segmented as silane coupling agents, polycrystalline silicon, and others. Among these application types, silane coupling agents are likely to be the biggest demand generator for the trichlorosilane market during the forecast period. As silane coupling agents carry the ability to impart improved adhesion, water resistance, and alkali resistance to the substrate, their demand in surface treatment & modification applications is rising.

Regional Analysis

North America is estimated to be the largest region in the trichlorosilane market in the coming years. Trichlorosilane is used in the production of photovoltaic modules for solar cells, and solar manufacturers in the region are working to improve the efficiency of photovoltaic panels made of solar cells. Also, the growing demand for solar equipment, paired with the installation of solar photovoltaic systems on mini-grids to distribute electricity to residential areas, is expected to drive regional market growth during the forecast period.

Key Players

Most companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. The following are some of the key players in the trichlorosilane market:

• Wacker Chemie AG
• Dow Corning Corporation
• Qianjiang Tianxiang Chemical Co. Ltd.
• Wynca Group
• Evonik Industries AG
• Linde plc
• OCI Company Ltd.
• SIAD Group
• Hemlock Semiconductor Corporation
• Tokuyama Chemicals (Zhejiang) Co., Ltd.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s trichlorosilane market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.