Product Code: 5260
The chlorosilanes market for solar grade silicones is slated to showcase strong growth by 2028 on account of rising number of solar generation plants worldwide. Growing concerns associated with global warming are creating a massive demand for clean energy initiatives, fostering the overall industry expansion.
A drastic shift in focus of developed and developing economies, who have set ambitious decarbonization goals amidst severe climate change challenges and environmental concerns, is massively scaling up development and deployment of solar technologies. Increasing photovoltaic demand is expected to propel the need for associated raw materials and components as well.
Solar is the fastest-growing renewable source of new electricity generation in the United States. In 2021, the U.S. showcased a significant rise in new solar projects, which were in line with the country's ambitious electricity decarbonization goal for 2035.
Leading chemical companies across the globe are foraying into the clean energy market with sustainable solar-enabling materials. In 2021, Evonik made a similar initiative with the launch of a novel high-performance material called Siridion® for batteries. Growing penetration of lithium-ion batteries for their efficiency in solar systems is driving chemical companies like Evonik to develop more advanced materials.
Evonik's Silanes Business Line, R&D and innovation departments collaborated to design the industry leading material and the company is teaming up with the University of Duisburg-Essen funded by the German Federal Ministry of Economic Affairs and Energy until 2023 to enhance efficiency, performance, and strength of lithium-ion batteries.
The global chlorosilanes market for solar grade silicones is classified into product and region.
Based on product, the market is bifurcated into tetrachlorosilanes, trichlorosilanes, methylchlorosilanes, dimethylchlorosilanes, and others.
The others chlorosilanes product segment for solar grade silicones is expected to witness substantial growth and is estimated to secure more than $220 million by 2028 due to significant environmental degradation and the subsequent need to perform mitigative activities. Additionally, continuous deployment of favorable government incentives and tax rebates are encouraging rapid growth in installation of solar panels is driving market growth.
Moreover, an increasing demand for solar photovoltaic (PV) modules and systems across both commercial as well as residential applications is anticipated to fuel the dimethylchlorosilanes sub-segment. In 2021, the market from dimethylchlorosilanes valued at more than $35 million.
based on the regional landscape, the chlorosilanes market for solar grade silicones in Japan is expected to grow more than $350 million by the end of 2028 due to surge in over-ambitious clean energy goals and strategies. Japan is also poised to experience heavy growth in demand for chlorosilanes for solar grade silicone owing to large-scale solar projects and investments in the country.
Japan is one of the world's largest renewable energy landscapes displaying significant long-term potential. In July 2021, Japan's Ministry of Economy, Trade & Industry (METI) released a tentative 6Th Strategic Energy Plan entailing carbon neutrality goal for 2050 aiming to reduce greenhouse gas emissions by 2030 from the 2013 levels by 46%.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definition
- 1.2 Base estimates & calculations
- 1.2.1 Forecast calculations
- 1.3 Data Sources
- 1.3.1 Primary
- 1.3.2 Secondary
- 1.3.2.1 Paid Sources
- 1.3.2.2 Public Sources
Chapter 2 Executive Summary
- 2.1 Chlorosilane for solar grade silicone industry 360 degree synopsis, 2017 - 2028
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Regional trends
Chapter 3 Industry Insights
- 3.1 Industry segmentation
- 3.2 COVID-19 overview on world economy
- 3.3 Industry ecosystem analysis
- 3.3.1 Vendor matrix
- 3.3.2 Distribution channel analysis
- 3.3.2.1 Collaborations/Partnerships
- 3.3.2.2 Distributors
- 3.3.2.3 Technology providers
- 3.3.3 Impacts of the COVID-19 pandemic on the industry value chain
- 3.4 Technology landscape
- 3.4.1 Process of production of chlorosilanes
- 3.4.2 Method of solar grade silicon production
- 3.5 Raw material analysis
- 3.5.1 Silicon powder
- 3.5.2 Methyl chloride (CH3CI)
- 3.5.3 COVID-19 impact on raw material supply
- 3.6 Pricing analysis
- 3.6.1 Methylchlorosilanes for solar grade silicone prices, by region & country
- 3.6.2 Dimethylchlorosilanes for solar grade silicone prices, by region & country
- 3.6.3 Tetrachlorosilanes for solar grade silicone prices, by region & country
- 3.6.4 Trichlorosilanes for solar grade silicone prices, by region & country
- 3.6.5 Other chlorosilanes for solar grade silicone prices, by region & country
- 3.6.6 Cost structure analysis, 2021
- 3.6.7 Impact of COVID-19 on chlorosilane for solar grade silicone price
- 3.7 Regulatory Landscape
- 3.7.1 North America
- 3.7.1.1 Right to Know Hazardous Substance Fact Sheet: New Jersey Department of Health
- 3.7.1.2 DOT Hazard Classification System
- 3.7.2 Europe
- 3.7.2.1 Regulation (EC) No 1907/2006 - Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH)
- 3.8 Innovation & sustainability
- 3.9 Industry impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 High demand & production of solar panels
- 3.9.1.2 Supportive government policies & initiatives for the solar power generation sector
- 3.9.1.3 Increasing number of solar power generation plants across developed economies
- 3.9.1.4 Industry pitfalls and challenges
- 3.9.1.5 Fluctuation in product prices
- 3.10 Growth potential analysis, 2021
- 3.10.1 Emerging business model
- 3.10.1.1 Acquisitions/Partnerships
- 3.10.1.2 Capacity expansion
- 3.11 Porter's Analysis
- 3.11.1 Bargaining power of suppliers
- 3.11.2 Bargaining power of buyers
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.12 Competitive landscape, 2021
- 3.12.1 Company market share analysis, 2021
- 3.12.2 Strategy dashboard
- 3.13 PESTEL Analysis
Chapter 4 Chlorosilanes Market for Solar Grade Silicone, By Product
- 4.1 Key product trends
- 4.2 Methylchlorosilanes
- 4.2.1 Market estimates and forecast, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.2.2 Market estimates and forecast, by region, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.3 Dimethylchlorosilanes
- 4.3.1 Market estimates and forecast, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.3.2 Market estimates and forecast, by region, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.4 Tetrachlorosilanes
- 4.4.1 Market estimates and forecast, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.4.2 Market estimates and forecast, by region, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.5 Trichlorosilanes
- 4.5.1 Market estimates and forecast, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.5.2 Market estimates and forecast, by region, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.6 Others
- 4.6.1 Market estimates and forecast, 2017 - 2028, (Kilo Tons) (USD Million)
- 4.6.2 Market estimates and forecast, by region, 2017 - 2028, (Kilo Tons) (USD Million)
Chapter 5 Chlorosilanes Market for Solar Grade Silicone, By Region
- 5.1 Key regional trends
- 5.2 North America
- 5.2.1 North America chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.2 North America chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.3 U.S.
- 5.2.3.1 U.S. chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.3.2 U.S. chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.4 Canada
- 5.2.4.1 Canada chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.4.2 Canada chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.5 Mexico
- 5.2.5.1 Mexico chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.2.5.2 Mexico chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3 Europe
- 5.3.1 Europe chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.2 Europe chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.3 Germany
- 5.3.3.1 Germany chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.3.2 Germany chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.4 UK
- 5.3.4.1 UK chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.4.2 UK chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.5 France
- 5.3.5.1 France chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.5.2 France chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.6 Italy
- 5.3.6.1 Italy chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.6.2 Italy chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.7 Spain
- 5.3.7.1 Spain chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.7.2 Spain chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.8 Russia
- 5.3.8.1 Russia chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.3.8.2 Russia chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.4 Japan
- 5.4.1 Japan chlorosilanes market for solar grade silicone estimates and forecast, 2017 - 2028 (Kilo Tons) (USD Million)
- 5.4.2 Japan chlorosilanes market for solar grade silicone estimates and forecast, by product, 2017 - 2028 (Kilo Tons) (USD Million)
Chapter 6 Company Profiles
- 6.1 Evonik Industries AG
- 6.1.1 Business overview
- 6.1.2 Financial data
- 6.1.3 Product landscape
- 6.1.4 Go-To-Market-Strategy
- 6.1.5 SWOT analysis
- 6.2 American Elements
- 6.2.1 Business overview
- 6.2.2 Financial data
- 6.2.3 Product landscape
- 6.2.4 SWOT analysis
- 6.3 PCC Group
- 6.3.1 Business overview
- 6.3.2 Financial data
- 6.3.3 Product landscape
- 6.3.4 SWOT analysis
- 6.4 Hemlock Semiconductor (HSC) Operations
- 6.4.1 Business overview
- 6.4.2 Financial data
- 6.4.3 Product landscape
- 6.4.4 Go-To-Market-Strategy
- 6.4.5 SWOT analysis
- 6.5 Dow Chemical Company
- 6.5.1 Business overview
- 6.5.2 Financial data
- 6.5.3 Product landscape
- 6.5.4 SWOT analysis
- 6.6 SIAD
- 6.6.1 Business overview
- 6.6.2 Financial data
- 6.6.3 Product landscape
- 6.6.4 SWOT analysis
- 6.7 Mitsubishi Polycrystalline Silicon America Corporation
- 6.7.1 Business overview
- 6.7.2 Financial data
- 6.7.3 Product landscape
- 6.7.4 SWOT analysis
- 6.8 Tokuyama Corporation
- 6.8.1 Business overview
- 6.8.2 Financial data
- 6.8.3 Product landscape
- 6.8.4 SWOT analysis
- 6.9 Elkem ASA
- 6.9.1 Business overview
- 6.9.2 Financial data
- 6.9.3 Product landscape
- 6.9.4 Go-To-Market-Strategy
- 6.9.5 SWOT analysis
- 6.10 Chemcon Specialty Chemicals
- 6.10.1 Business overview
- 6.10.2 Financial data
- 6.10.3 Product landscape
- 6.10.4 SWOT analysis
- 6.11 OCI Company Ltd.
- 6.11.1 Business overview
- 6.11.2 Financial data
- 6.11.3 Product landscape
- 6.11.4 Go-To-Market-Strategy
- 6.11.5 SWOT analysis
- 6.12 Wacker Chemie AG
- 6.12.1 Business overview
- 6.12.2 Financial data
- 6.12.3 Product landscape
- 6.12.4 Go-To-Market-Strategy
- 6.12.5 SWOT analysis
- 6.13 Zhejiang Xinan Chemical Industrial Group Co., Ltd. (Wynca Group)
- 6.13.1 Business overview
- 6.13.2 Financial data
- 6.13.3 Product landscape
- 6.13.4 SWOT analysis