Silicon Monoxide Market - By Type (Gaseous, Solid [Powder, Granules]), Grade (High Purity, Technical Grade), Application (Coating, Electronic, Energy storage, Automotive, Aerospace) & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSilicon Monoxide Market - By Type (Gaseous, Solid [Powder, Granules]), Grade (High Purity, Technical Grade), Application (Coating, Electronic, Energy storage, Automotive, Aerospace) & Forecast, 2024 – 2032
Silicon Monoxide Market Size
Silicon Monoxide Market was valued at around USD 136.2 million in 2023 and is anticipated to register a CAGR of over 9.9% between 2024 and 2032.
To get key market trends
Silicon monoxide is a chemical compound consisting of silicon and oxygen atoms in a 11 ratio. It is primarily used as a precursor in the production of silicon dioxide (SiO2), commonly known as silica. Silicon monoxide finds application in various industries, including electronics, ceramics, and solar energy. With increasing demand for electronic devices, solar panels, and advanced ceramics, the market is expected to witness steady growth in the coming years, driven by technological advancements and expanding industrial applications.
The silicon monoxide industry exhibits a robust growth trend fueled by its increasing utilization across various industries, propelled by its high energy density and stability. With burgeoning demand from sectors like consumer electronics, electric vehicles, and energy storage systems, the market demonstrates significant potential for expansion, particularly in the Asia-Pacific region, where continuous industrial developments offer ample opportunities for further growth and innovation.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Silicon Monoxide Market Size in 2023 | USD 136.2 Million |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 9.9% |
| 2024 – 2032 Value Projection | USD 318.3 Million |
| Historical Data for | 2021 – 2023 |
| No. of Pages | 305 |
| Tables, Charts & Figures | 235 |
| Segments covered | Type, Grade, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
The silicon monoxide market faces significant challenges due to high production costs and supply chain disruptions. High production costs stem from the intricate processes involved in manufacturing silicon monoxide, which require precise control over reaction conditions and materials. These costs can limit the scalability of production, impacting market competitiveness and pricing.
Additionally, supply chain disruptions, whether due to raw material shortages, transportation issues, or geopolitical factors, can hinder the consistent availability of silicon monoxide, leading to fluctuations in supply and potentially delaying product delivery to consumers. Addressing these challenges necessitates strategic investments in process optimization, diversification of supply sources, and resilient supply chain management practices to ensure the sustained growth and stability of the market.
Silicon Monoxide Market Trends
The silicon monoxide industry is witnessing several key trends that are shaping its trajectory and driving its growth. Firstly, there is a growing emphasis on sustainability and environmental consciousness, leading to increased interest in silicon monoxide as a potential alternative to traditional battery materials due to its potential to improve energy density and efficiency while reducing reliance on scarce resources. This trend aligns with the global push towards greener technologies and the electrification of transportation.
Secondly, advancements in research and development are driving innovation in silicon monoxide production methods, aiming to overcome challenges such as high production costs and supply chain disruptions. Emerging techniques, such as novel synthesis processes and improved material engineering, hold promise for enhancing the scalability and cost-effectiveness of silicon monoxide manufacturing, thus expanding its commercial viability.
Furthermore, the market is experiencing significant demand growth from burgeoning industries, particularly electric vehicles and renewable energy storage systems. As these sectors continue to expand rapidly, driven by government incentives and increasing consumer awareness of climate change, the need for high-performance battery materials like silicon monoxide is expected to surge. Overall, the industry is poised for substantial growth as it evolves to meet the demands of a changing energy landscape, driven by technological innovation, environmental considerations, and the accelerating transition towards sustainable energy solutions.
Silicon Monoxide Market Analysis
Learn more about the key segments shaping this market
Based on type, the market is divided into gaseous silicon monoxide, solid silicon monoxide. Solid silicon monoxide held the dominant market value of USD 116.2 million in 2023 and expected to reach around USD 273.4 million by 2032. In the type segment of the silicon monoxide industry, solid silicon monoxide dominates as the primary form of the compound utilized across various applications.
Solid silicon monoxide offers exceptional stability and conductivity, making it a preferred choice for battery technologies, semiconductor manufacturing, and ceramic production. Its solid-state nature ensures uniform performance and durability, essential qualities for applications demanding reliable and long-lasting materials. Moreover, solid silicon monoxide's versatility allows for customization to meet specific industry requirements, further solidifying its dominancy in the type segment of the market.
Learn more about the key segments shaping this market
Based on grade, the market is categorized into high purity, technical grade. The high purity segment held the dominant market share of 65.32 in 2023 and expected to reach around 65.90% revenue share by 2032.
In the silicon monoxide market, high purity grade holds dominance within the grade segment due to its critical importance in ensuring optimal performance and reliability across various applications. High purity silicon monoxide is essential for advanced electronics, and semiconductor manufacturing, where even trace impurities can significantly impact performance and reliability. Industries requiring precise control over material properties prioritize high purity grades to minimize contamination and ensure consistent product quality. As demand grows for cutting-edge technologies requiring stringent material specifications, the dominance of high purity grade within the market is expected to persist and potentially strengthen further.
In the world of silicon monoxide, the market is as diverse as the materials it touches. From the glossy finishes on our cars to the tiny chips inside our phones, silicon monoxide has its hands in many different pies. The biggest slice of the pie, though, goes to coatings. In 2023, coatings raked in a whopping $41.6 million, and that number is only expected to grow to $98.7 million by 2032. Why? Because coatings are like the superheroes of the industrial world. They protect stuff from rust, heat, and scratches, making them essential for everything from electronics to cars to planes. Silicon monoxide gets its star power from its superpowers. It's corrosion-resistant, heat-resistant, and tough as nails. So, when you want something to stay looking its best and performing at its peak, you call in silicon monoxide. It's not just about protection, though. Silicon monoxide coatings can also improve performance. They're used in electronics to make chips faster and more efficient. In the aerospace industry, they help planes fly smoother and last longer. So, whether it's keeping your car shiny or powering your phone, silicon monoxide is working hard behind the scenes, making the world a more coated place.
Looking for region specific data?
In the world of Silicon Monoxide, Asia Pacific has been the king of the castle since 2023. Last year, they made a whopping 48.4 million dollars. And get thisby 2032, they're expected to rake in around 116.2 million dollars! Why is Asia Pacific so good at this Silicon Monoxide thing? Well, it's all thanks to their amazing manufacturing skills. Countries like China, Japan, and South Korea are like Silicon Monoxide factories. Plus, their countries are getting more and more modern, so people are buying all sorts of cool gadgets and energy storage systems that use Silicon Monoxide in their batteries. And the best part? Governments there are like, "Go, Silicon Monoxide, go!" They're supporting it big time.
Within the Asia-Pacific region, China notably dominates the silicon monoxide industry. China's dominance stems from its robust manufacturing infrastructure, significant investments in research and development, and the presence of numerous battery and electronics manufacturers. Additionally, China's large consumer base and government support for electric vehicles and renewable energy contribute to the country's leading position in the adoption and production of Silicon Monoxide for lithium-ion batteries. However, other countries such as Japan and South Korea also play significant roles in the Asia-Pacific market, leveraging their advanced technology capabilities and established industries.
Silicon Monoxide Market Share
The competitive landscape of the silicon monoxide industry is characterized by a mix of established players and emerging companies vying for market share and technological leadership. Established manufacturers such as Merck, Thermo Fisher Scientific Inc. dominate the market with their extensive experience, robust R&D capabilities, and established customer base. These companies typically have a significant market presence, offering a diverse range of Silicon Monoxide products tailored to meet various industry requirements. They often leverage economies of scale and vertical integration to maintain competitive pricing and ensure reliable supply chains.
However, the market also witnesses the emergence of innovative startups and niche players, particularly in regions like the Asia-Pacific, where rapid industrialization and technological advancements foster entrepreneurial ventures. These companies often focus on specialized applications, novel production techniques, or niche markets, aiming to carve out a distinct market position and capitalize on growing demand for silicon monoxide.
Moreover, partnerships, collaborations, and strategic alliances are prevalent strategies among both established and emerging players to enhance their market presence, access new technologies, and expand their geographical reach. As the market continues to evolve, competition intensifies, driving innovation, technological advancements, and the development of more cost-effective production methods to meet the diverse needs of industries such as consumer electronics, electric vehicles, and energy storage systems.
Silicon Monoxide Market Companies
Major players operating in the market include
- ACS Material
- American elements
- Fujifilm Wako Pure Chemical Corporation
- Jayu Optical Material Co.,Ltd
- Lorad Chemical Corporation
- Materion
- Merck
- Nanochemazone
- Nanoshel LLC
- OSAKA titanium technologies Co Ltd
- Shenzhen rearth technology Co Ltd
- Thermo Fisher Scientific Inc.
Silicon Monoxide Industry News
- April 2024- Shin-Etsu Chemical Co., Ltd stated that it will develop a new plant in Isesaki City, Gunma Prefecture, Japan, to expand its semiconductor lithography materials business. The new factory will be Shin-Etsu's fourth production base in this business.
- In October 2023, Ionblox debuted its extremely fast-charging lithium-silicon cells for EVs, achieving 60% charge in 5 minutes and extending range by 30-50%. The cells-maintained performance over 1,000 cycles with minimal degradation.
The silicon monoxide market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
Market, By Type
- Gaseous Silicon Monoxide
- Solid Silicon Monoxide
- Powder
- Granules
Market, By Grade
- High purity
- Technical grade
Market, By Application
- Coating
- Electronic
- Energy storage
- Automotive
- Aerospace
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Data mining sources
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.1.4 Supply disruption
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Rising demand in semiconductor industry
3.2.1.2 Expanding applications in energy storage
3.2.1.3 Emerging applications in optics and photonics
3.2.2 Market challenges
3.2.2.1 High production costs
3.2.2.2 Supply chain disruption
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.4 Sustainable manufacturing
3.4.1.1 Green practices
3.4.1.2 Decarbonization
3.4.2 Sustainability in raw materials
3.5 Pricing trends (USD/Ton), 2021 to 2032
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 Middle East & Africa
3.6 Regulations & market impact
3.7 Porter’s analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.3.1 Company market share analysis by region
4.3.1.1 North America
4.3.1.2 Europe
4.3.1.3 Asia Pacific
4.3.1.4 Latin America
4.3.1.5 Middle East Africa
4.4 Competitive positioning matrix
4.5 Strategic dashboard
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million) (Kilo Tons)
5.1 Key trends
5.2 Gaseous silicon monoxide
5.3 Solid silicon monoxide
5.3.1 Powder
5.3.2 Granules
Chapter 6 Market Size and Forecast, By Grade, 2021-2032 (USD Million) (Kilo Tons)
6.1 Key trends
6.2 High purity
6.3 Technical grade
Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million) (Kilo Tons)
7.1 Key trends
7.2 Coating
7.3 Electronic
7.4 Energy storage
7.5 Automotive
7.6 Aerospace
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million) (Kilo Tons)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.4.6 Indonesia
8.4.7 Malaysia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 MEA
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 South Africa
8.6.4 Rest of MEA
Chapter 9 Company Profiles
9.1 ACS Material
9.2 American elements
9.3 FUJIFILM Wako Pure Chemical Corporation
9.4 Jayu Optical Material Co.,Ltd
9.5 Lorad Chemical Corporation
9.6 Materion
9.7 Merck
9.8 Nanochemazone
9.9 Nanoshel LLC
9.10 OSAKA titanium technologies Co Ltd
9.11 Shenzhen rearth technology Co Ltd
9.12 Thermo Fisher Scientific Inc.
- ACS Material
- American elements
- Fujifilm Wako Pure Chemical Corporation
- Jayu Optical Material Co.,Ltd
- Lorad Chemical Corporation
- Materion
- Merck
- Nanochemazone
- Nanoshel LLC
- OSAKA titanium technologies Co Ltd
- Shenzhen rearth technology Co Ltd
- Thermo Fisher Scientific Inc.
Related Reports
- Flat Glass Market - By Product (Basic Float, Laminated, Insulating, Tempered), By Application (Automotive [OEM, Aftermar...
- Electrical Steel Market - By Product (Grain Oriented, Non-Grain-Oriented), By Application (Large Power Transformers, Dis...
- Lithium Cobalt Oxide Market - By Grade (Industrial, Battery), Application (Consumer electronic, Electric vehicle, Medica...
- Conductive Polymers Market – By Conduction Mechanism (Composites Inherently Conductive Polymers, Conducting Polymer), ...
- Dimethyl Terephthalate Market - By Form (Solid, Liquid), Grade (Technical, Reagent, Pure, Synthesis), Application, End u...
- Dimethyl Terephthalate Market - By Form (Solid, Liquid), Grade (Technical, Reagent, Pure, Synthesis), Application, End u...
Table of Content
Will be Available in the sample /Final Report. Please ask our sales Team.
List Tables Figures
Will be Available in the sample /Final Report. Please ask our sales Team.
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy