Silicon Tetrafluoride Pricing Report

Silicon Tetrafluoride Prices December 2023

The price of silicon tetrafluoride in USA for Q4 2023 reached 2051 USD/MT.

The price trend for silicon tetrafluoride in Germany touched 1970 USD/MT in December 2023.

Silicon Tetrafluoride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Silicon Tetrafluoride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of silicon tetrafluoride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of silicon tetrafluoride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing silicon tetrafluoride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Silicon Tetrafluoride Market Analysis

The global silicon tetrafluoride market size reached US$ 2.4864 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.36 Billion, at a projected CAGR of 3.40% during 2023-2032.

• There is a rise in demand for electronics and digital devices across the globe which is one of the major drivers of the market expansion. This growth directly impacts the demand for high-purity silicon tetrafluoride which is an important material for etching and cleaning processes. According to a report published by the Semiconductor Industry Association (SIA) the semiconductor industry has shown consistent growth over the last two decades. The annual sales grew from $139 billion in 2001 to $573.5 billion in 2022 with an increase of 313%. At the same time, the unit sales of semiconductors surged by 290% showcasing the increased demand for semiconductors in the U.S. This gradual increase in semiconductor demand is also driving the market for this product.
• The indispensable role of this product in chemical manufacturing as a reagent in the synthesis of specialty chemicals and many other advanced materials is contributing to the market growth. For instance, in the production of fluorine-doped glass used in optical fibers, silicon tetrafluoride is used for achieving the desired optical properties. India manufactures 100 million fiber every year which can relay the entire existing submarine fiber optic roughly 100 times over every year. The country has exported a total of 16,000,000 FKM optical fiber annually to more than 100 countries in the last three years.
• The industrial growth in emerging economies, like the Asia-Pacific, is also a major driver of this market. Countries like China, India, and South Korea are experiencing rapid industrialization and urbanization, which has been leading to an increased demand for electronics, renewable energy, and advanced materials. For instance, China aims to build more than 200 utility-scale energy bases to help raise its renewables capacity to about 3.9 terawatts by 2030, more than three times its 2022 total. Also, a record of US$18.8 billion in foreign investments was poured into South Korea last year, up 3.4% from 2022. Of that amount, US$3 billion went to the electronics industry, the largest among the sub-sectors. These expansion of manufacturing capabilities and the establishment of new production facilities in these regions are driving the demand for silicon tetrafluoride.
• Renewable energy sources have been gaining immense popularity in the past few years, which has significantly hiked investments and technological advancements in the solar industry. Silicon tetrafluoride plays an important role in the production of photovoltaic (PV) cells which are important components that convert solar energy into electricity. According to a report published by the International Energy Agency (IEA), power generation from solar PV increased by a record 270 TWh in 2022 with a gradual increase of 26% as compared to 2021. In 2023, solar PV alone accounted for three-quarters of renewable capacity additions. As the efficiency and capacity of solar panels improve the demand for high-quality photovoltaic sales rises, thus the market for this product also increase.

Silicon Tetrafluoride News

The report covers the latest developments, updates, and trends impacting the global silicon tetrafluoride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in silicon tetrafluoride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the silicon tetrafluoride price trend.

Latest developments in the silicon tetrafluoride industry:

• In May 2024, KCC Corporation acquired a 100% stake in Momentive Performance Materials, a US-based silicones company, for approximately 3.1 billion dollars. This deal is expected to make KCC the world’s second-largest silicone maker, with sales from silicone projected to surge from the current 200 billion won to more than 2 trillion won. The company offers advanced silicone solutions that play an essential role in driving performance across a multitude of industries, including agriculture, automotive, aerospace, electronics, personal care, consumer products, building and construction, and more.

Product Description

Silicon tetrafluoride (SiF₄) refers to a colorless and corrosive gas that is composed of one silicon atom and four fluorine atoms. It is produced by reacting silicon or silicon dioxide with hydrofluoric acid. It can exist as a gas or dissolved in water, forming hydrofluorosilicic acid. With a boiling point of -95.2°C and a melting point of -90.3°C, it is highly reactive, especially with water. It finds applications in glass etching, pure silicon production, semiconductor manufacturing, surface treatment, fluoride sourcing, optical fiber production, chemical vapor deposition, silicon wafer cleaning, silicofluoride salt production, and catalysis in organic reactions.

It offers high purity, efficiency, versatility, cost-effectiveness, easy availability, high reactivity, stability, and industrial utility. Moreover, it is lauded for its precision in semiconductor manufacturing, compatibility with various processes, reliable production methods, versatile applications, and corrosion resistance with proper handling.

Regional Coverage

The report provides a detailed analysis of the silicon tetrafluoride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the silicon tetrafluoride price trend. 

Global Silicon Tetrafluoride Price

The report offers a holistic view of the global silicon tetrafluoride pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Silicon Tetrafluoride Price

European silicon tetrafluoride prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed silicon tetrafluoride price information for a comprehensive list of countries.

North America Silicon Tetrafluoride Price

The analysis of silicon tetrafluoride prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on silicon tetrafluorideprices within the United States and Canada can also be provided.

Middle East and Africa Silicon Tetrafluoride Price

The report explores the silicon tetrafluoride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on silicon tetrafluoride prices for countries can also be provided.

Asia Pacific Silicon Tetrafluoride Price

The silicon tetrafluoride pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed silicon tetrafluoride prices for a comprehensive list of countries within the region.

Latin America Silicon Tetrafluoride Price

The analysis of silicon tetrafluoride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of silicon tetrafluoride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting silicon tetrafluoride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the silicon tetrafluoride industry.