Request FREE sample PDF
Pharmacy benefit management market
Tetraethyl Orthosilicate Market REPORT OVERVIEW
The global tetraethyl orthosilicate market size was USD 247.3 million in 2023 and is projected to touch USD 311.38 million by 2032, exhibiting a CAGR of 2.6% during the forecast period.
Tetraethyl orthosilicate also goes by the name of tetraethoxysilane, abbreviated as TEOS, is an inorganic chemical compound in which four methoxy groups are fused with a silicon atom. It is used to crosslink in silicone polymers and as a precursor of silicon dioxide in the semiconductor industry. The chemical is liquid in nature and is a colorless liquid, which is less dense and insoluble in water. The liquid is very hazardous and toxic in nature with slight solubility in the water. It is used in the synthesis of sol-gel which is used in both creations of ceramic and glassy materials.
The main application of tetraethyl orthosilicate comes from the chemical industry. It is also used in the semiconductor industry for being used as a semiconductor silicon source for the thin film deposition of silicon dioxide films. It is also used in the construction industry, and in the sol-gel process and in the enhancement of the surface quality of the cement-based materials. TEOS is used in stone hardening, cement, and mortar manufacturing and also in cross-linking of silicone polymers.
COVID-19 Impact: Halt of Production Impeded Market Growth
The outbreak of COVID-19 is already being felt globally, and the global tetraethyl orthosilicate market is considerably influenced. In 2020, COVID-19 had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses witnessed disruptions. With many restrictions in the pandemic, the tetraethyl orthosilicate market was also negatively impacted. With the chemical industry being considerably impacted, manufacturers reduced their capital and operational costs. Manufacturing operations were reduced due to labor shortages and disruptions in supply chains for raw materials which led to a gap in supply and demand. These factors led to declining production of tetraethyl orthosilicate. The demand for the product comes from the construction industry, where it is used in paintings and coatings. The demand for paintings and coatings also experienced a downfall which affected the demand globally.
LATEST TRENDS
"Advanced Structures to Propel Market Demand"
The trend that can impact the global tetraethyl orthosilicate market is structural advances and sustainability. There have been tremendous advancements in the technologies that have led to the formation of advanced structures in advanced materials. Chemicals such as tetraethyl orthosilicate possess excellent qualities such as high-temperature resilience, strength, insolubility, and many more. They are being used in various industries.
In addition to new structural advances, global chemical companies are operating in ecosystems that are sustainable and economical, resulting in reduced energy consumption. The ever-increasing stringent environmental laws have encouraged companies to make use of strong chemicals wisely.
Tetraethyl Orthosilicate Market SEGMENTATION
- By Type
Based on the type; the market is divided into the direct method and STC method.
- By Application
According to application; the market is divided into Silicone Rubber, High-Purity Silica, Vitrified Bond, Silica Gel Material, Paint and Coating and Others
Paintings and coatings are the leading part of the application segment due to rising construction and automotive activities. After paints and coatings, silicone rubber has the most use due to its applications in the automotive industry.
DRIVING FACTORS
"Increasing Application in Various Industries to Drive Demand"
The global tetraethyl orthosilicate market growth is owed to a rise in the chemical industry globally. Throughout the years, there has been an increase in the footprints of the chemical industry which has also increased the demand for tetraethyl orthosilicate for synthesis purposes. Increasing urbanization has led to the growth of building and construction activities and automotive production, where TEOS is used in paints and coatings. It is also used in the semiconductor industry, where it is used as a precursor to silicon dioxide and as a crosslinking agent in silicone polymers. It is also used in production aerogel which is used in laser experiments, waste management, thermal insulation, and sensors.
"Increasing Uses of Silicone Rubber to Boost Demand"
Over the years, silicon rubber is being used in many industries such as construction, electronics, adhesives, and other industries. TEOS is used in making silicone rubber which is used for electronics and coatings in adhesives, molding rubbers, potting compounds, encapsulants, and sealants. Augmented consumption and various applications of rubber and polymer in various industries is increasing the demand for tetraethyl orthosilicate. Rising demand for high-quality silica and quartz
RESTRAINING FACTORS
"Toxic Nature to Hamper Market Growth"
Even though there are many factors that can propel the growth of the market. Restraining factors such as the high toxicity of the product can be hampering. Such advanced chemicals are highly dangerous due to their toxic nature that can cause respiratory problems, eye irritation, and skin irritation. The governments of various countries have various strict rules and regulations regarding such dangerous chemicals. TEOS is toxic and has many regulations imposed on that can cause disinclination towards TEOS and therefore reduce the demand.
Tetraethyl Orthosilicate Market REGIONAL INSIGHTS
"Asia Pacific to Dominate Market Owing to Growth from Various Industries"
The Asia Pacific holds the largest part in the global tetraethyl orthosilicate market share. The rise is due to growing urbanization and expanding population in countries like China and India, which has pushed the demand for the building and construction industry upwards. Growing chemical, automotive, and polymer and rubber industries have made this region.
Europe and North America are also expected to have considerable growth owing to predominant automotive and chemical industries and rising infrastructural and construction activities. Additionally, growing real estate is also expected to contribute to the growth of the market.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global tetraethyl orthosilicate market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
LIST OF TOP Tetraethyl Orthosilicate COMPANIES
- Evonik (Germany)
- Wacker (U.S.)
- Dow Corning (U.S.)
- Shin-Etsu (Japan)
- Momentive (U.S.)
- Nangtong Chengha Chemical (China)
- Jingzhou Jianghan Fine Chemical (China)
- Zhangjiagang Xinya Chemical (China)
- Longtai Chemical (China)
- Zhonggang Group (China)
- Yinbang New Material (China)
- Zibo Linzi Qiquan Industrial Trade (China)
- Jinan Guobang Chemical (China)
- Xinghuo Organic Silicone (China)
- Zhejiang Zhengbang Organosilicon (China)
- Hopeful-silane (China)
- Hubei Bluesky New Material (China)
- Chenguang New Materials (China)
INDUSTRY DEVELOPMENT
- February 2022: Shin-Etsu Chemical Co. Ltd. has announced that they will make investments for its silicone business. They will introduce and develop advanced technologies such as equipment for molding silicone rubber which is expected to improve productivity and save energy. This new plant will be an addition to their existing plants in Japan.
REPORT COVERAGE
This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 247.3 Million in 2023 |
Market Size Value By |
US$ 311.38 Million by 2032 |
Growth Rate |
CAGR of 2.6% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
-
What value is the tetraethyl orthosilicate market expected to touch by 2032?
The tetraethyl orthosilicate market is expected to reach USD 311.38 million by 2032.
-
What CAGR is the tetraethyl orthosilicate market expected to exhibit by 2032?
The tetraethyl orthosilicate market is expected to exhibit a CAGR of 2.6% by 2032.
-
Which are the driving factors of the tetraethyl orthosilicate market?
Drivers of this tetraethyl orthosilicate market are increasing demand in various industries and increasing applications of silicone rubber.
-
Which are the top companies operating in the tetraethyl orthosilicate market?
Top companies operating in the tetraethyl orthosilicate market are Evonik, Wacker, Dow Corning, Shin-Etsu, Momentive, Nangtong Chengua Chemical, Jingzhou Jianghan Fine Chemical, Zhangjiagang Xinya Chemical, Longtai Chemical, Zhonggung Group, Yinbang New Material, Zibo Linzi Qiquan Industrial Trade, Jinan Guobang Chemical, Xinghuo Organic