“Electronic-grade silane gas market size stood at US$ 0.57 billion in 2023 and is likely to grow at a decent CAGR of 5.7% in the long run to reach US$ 1.1 billion in 2030.”
Market Dynamics
Introduction
Electronic-grade silane gas is mainly used in the manufacture of semiconductors, solar cells, display panels, and other fields. It is a key raw material for processes such as epitaxial deposition, silicon oxide film deposition, and silicon nitride film deposition.
With the continuous expansion of silane application areas, silane has gradually expanded to emerging fields such as new energy batteries. Currently, electronic-grade silane gas applications are mainly in the coating process.
Recent Market JVs and Acquisitions:
The electronic-grade silane gas market has undergone a few mergers and acquisitions in recent years as enterprises strive to augment their market presence and leverage synergies to refine their product offerings and optimize their fiscal outcomes. Some M&A and JVs are:
- In July 2023, Group14 Technologies, a global leader in advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), Europe's most technologically advanced silane producer.
- SK Materials Co., an industrial gas manufacturing affiliate of South Korea's SK Inc., and Japanese chemicals company Showa Denko K.K. have agreed to jointly pursue business opportunities in the USA’s semiconductor materials market.
Market Drivers
Semiconductors' extensively growing demand, booming by consumer electronics due to advances in automotive systems, and exponential growth of the IoT ecosystem act as a critical driving force behind the electronic grade SiH4 (Silane Gas) market. SiH4 is an irreplaceable component in the fabrication of silicon wafers, which are a foundation in semiconductor manufacturing. Apart from these, gases like monochlorosilane, dichlorosilane, and disilane also find their applications in the atomic layer deposition of display panels, solar panels, and battery anode material. All these applications collectively drive the growth of the electronic-grade silane gas market.
Challenges
The electronic-grade silane gas market is also facing some restraint in its growth due to several factors, such as stringent regulation and even prohibition in the production of silane gas in some countries. Due to the sophisticated production method, the operational cost of production is significantly high. The capital investment associated with this industry is very high; hence, new players find it challenging to enter this market. Stringent environmental regulations and the availability of cheap alternatives further hinder the growth of the electronic-grade silane gas market.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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By Product Type
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Silane Gas (SiH4), Monochlorosilane(MCS), Dichlorosilane(DCS), and Disilane.
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Silane gas is estimated to have the largest market share and is expected to maintain its dominance.
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By Application Type
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Photovoltaics, Semiconductors, Display Panels, and Others.
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Photovoltaic application is likely to be the most significant demand generator of silane gas.
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By Region
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North America, Europe, Asia-Pacific, and The Rest of the World.
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Asia-Pacific is heavily dominating the electronic-grade silane gas market.
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By Product Type
“Silane gas is most widely used among the mentioned products due to its crucial role in layer deposition in semiconductor, display panels, and battery anode materials.”
- Decomposition readily occurs for SiH4 at relatively low temperatures in chemical vapor deposition processes, thus leading to high-quality silicon films with a homogeneous thickness and fewer defect features than chlorosilanes.
- Unlike dichlorosilane and monochlorosilane, this silane gas does not have halogen atoms. So, it does not corrode the equipment, which results in reduced maintenance costs and increased operational life.
- This makes SiH4 more viable for manufacturers due to wide availability and supply chains, enabling greater logistical ease and lower costs.
By Application Type
“Photovoltaic layer deposition has remained the most widely used application of electronic-grade silane gas and is expected to remain the leading application in the forecasted period.”
- Solar panels used for electricity generation require a layer of silicon nitride to be deposited on their surface to prevent light energy from being reflected, enhancing energy conversion efficiency. Silane gas is a crucial material for this layer deposition.
- It is estimated that solar power generation will reach 876 GW by 2028, compared to 447 GW now. This enormous growth is likely to generate the demand for electronic-grade silane gas for photovoltaic applications.
By Region
“Asia-Pacific region heavily dominates this market with China bearing the flag, as the supply chain is mainly based in China with Chinese players leading at every node.”
- Electronic-grade silane gas has significant applications in solar panels, flat panel displays, and semiconductor manufacturing, all dominated by the Asia-Pacific region.
- China leads solar panel production, whereas South Korea, Taiwan, Japan, and China excel in display panel production, causing Asia-Pacific to dominate the electronic-grade silane gas market.
Key Players
It would be fair to say that the market is fairly consolidated, with a few players contributing significantly to it. The leading players in the industry contend with several critical factors, including pricing strategies, service portfolios, regional presence, and other governing parameters. The following are the key players in the electronic-grade silane gas market. These big players often engage in mergers and acquisition activities as a key strategy to enhance their portfolios and regional presence.
Here is the list of the Top Players (Based on Dominance)
- REC Silicon
- SK Materials Inc.
- Air Liquide
- Linde Gas
- Taiyo Nippon Sanso Holdings
- Tokuyama Corp.
- Air Products
- Wacker Chemie AG
- Group14 (Schmid Silane)
- Showa Denko
- OCI Company Ltd.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The electronic-grade silane gas market is segmented into the following categories:
Electronic-Grade Silane Gas Market by Product Type
- Silane Gas (SiH4) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Monochlorosilane (MCS) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dichlorosilane (DCS) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Disilane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electronic-Grade Silane Gas Market, by Applications Type
- Photovoltaic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Semiconductors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Display Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electronic-Grade Silane Gas Market by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, the Middle East & Africa, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s electronic-grade silane gas market realities and future market possibilities for the forecast period.
- The report segments and analyses 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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- Detailed profiling of additional market players (up to three players)
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- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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