According to the research report titled ‘Trichlorosilane Market Size By Production Process (Hydrochlorination, Direct Chlorination), By Application (Silane Coupling Agent, Polycrystalline Silicon), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, the global trichlorosilane market is expected to surpass USD 10 billion by the year 2025.
 

For the record, trichlorosilane is a vital raw material required to manufacture polysilicon. It is also an intermediate ingredient to produce silane coupling agent.
 

Emerging solar industry is leading to surging need for solar grade polysilicon for developing solar PV products which in turn is driving the trichlorosilane (TCS) market growth. The market is expected to further expand due to rising adoption of sustainable sources of energy to address environmental concerns.
 

Inhaling trichlorosilane is injurious to health and is highly corrosive for direct contact. Breathing masks, eye protection glasses, and gloves are required in order to handle TCS products. Moreover, the product is combustible and explosively reactive in nature and is sensitive to hydrolysis which may hinder the growth of trichlorosilane market.
 

Based on application spectrum, TCS market from polycrystalline silicon segment will register considerable growth over the forecast period. Trichlorosilane is extensively used in semiconductor and electronics industry in manufacturing of high-quality polycrystalline silicon that is used to make semiconductor chips. Thus, surging demand for electronics, along with growing electronics & semiconductor industries is stimulating the trichlorosilane market outlook.
 

Considering geographical landscape, Asia-Pacific trichlorosilane market is expected to grow substantially in the upcoming years, owing to growing semiconductor sector, especially in Japan, South Korea, Thailand, Singapore, and China.
 

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On the other hand, favorable federal reforms such as solar tax exemption and solar investment tax credit in North America is leading to rising adoption of solar power in the region. Thus, increasing number of solar PV installations in Canada and U.S. is contributing to the popularity of TCS products across North America.
 

Elaborating on competitive landscape, the prominent companies operating in trichlorosilane market are Mitsubishi Materials, OCI, Evonik, Wacker Chemie AG, SunSi Energies, Tokuyama Chemicals (Zhejiang) Co. Ltd., Hemlock Semiconductor, SIAD, Linde AG, Wynca Group, Qianjiang Tianxiang Chemical Co. Ltd., and Dow Corning Corp. among others. Notably, Siemens polysilicon TCS technology is extensively used for manufacturing solar cells which are based on crystalline silicon.