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The worldwide tetraethyl orthosilicate industry is expected to grow remarkably in the next several years, driven by expanding use-cases in the chemicals sector. The semiconductor sector is also anticipated to present lucrative opportunities for suppliers, considering the wide application of the product in thin film deposition of silicon dioxide films.
Tetraethyl orthosilicate, which is abbreviated as TEOS and also known as tetraethoxysilane, is an inorganic chemical compound. Its major application is in the chemicals industry, where it is utilized for the synthesis of sol-gel, a key raw material for ceramic and glass. Due to wide use of ceramic and glass in construction, the construction sector is expected to generate robust demand for TEOS in the forthcoming years.
According to a research study by Business Research Insights, the global market for tetraethyl orthosilicate is projected to rise at a CAGR of 35.87% during 2022-2027. In 2020, the market value stood at USD 5.26 billion.
Business Research Insights Presents the Top 10 Prominent Players in the Tetraethyl Orthosilicate Industry
1. Evonik Industries AG (Germany)
Evonik Industries AG is a German specialty chemicals firm headquartered in Essen, North Rhine-Westphalia. It is one of the world’s largest specialty chemicals company and the second-largest in Germany. Evonik employs more than 37,000 people and has presence in over 100 countries.
2. Wacker Chemie AG (U.S.)
Headquartered in Munich, Germany, Wacker Chemie AG is a leading producer of polymers, silicone rubbers, chemical materials, polymer powder, polysilicon, and wafers for the semiconductor sector. The company was founded in 1914 and operates across the Americas, Europe, and Asia with more than 25 production units.
3. Dow Silicones Corporation (U.S.)
Dow Silicones Corporation is a Midland, Michigan-headquartered multinational corporation. Formerly known as Dow Corning Corporation, the company was established as a joint venture between Corning Inc. and the Dow Chemical Company. Dow Silicones Corporation employs more than 12,000 employees worldwide.
4. Shin-Etsu Chemical Co. Ltd. (Japan)
Japan-based Shin-Etsu Chemical Co. Ltd. is one of the world’s leading producers of specialty bulk chemicals and high-performance silicone materials. It is one of the largest chemicals manufacturing company in Japan and has presence across 14 countries.
In February 2022, Shin-Etsu announced new investments to boost its silicone business.
5. Momentive Performance Materials (U.S.)
Headquartered in Waterford, New York, Momentive Performance Materials specializes in designing high-performance polymers and materials for various end-use industries. The company has been supplying cutting-edge materials to some of the world’s largest companies for more than 75 years.
In August 2019, the company introduced a new range of silicone technologies at K 2019, the global trade fair for rubber and plastics industries.
Major Challenges Posed by COVID-19 Pandemic
The COVID-19 pandemic considerably impacted the global tetraethyl orthosilicate industry between 2020 and 2021. Restrictions imposed by respective governments, including lockdowns and travel bans, led to major disruptions in the chemicals sector. Widespread delays were witnessed, owing to supply chain and logistics uncertainty. Many chemicals manufacturing plants were seen suspending production operations temporarily, owing to lack of raw materials and shortage of workforce.
With key end-use industries experiencing unprecedented disruption, the demand for tetraethyl orthosilicate dropped considerably. For instance, slowdown in construction activity led to a weakened demand for paints and coatings, a key application area for TEOS. However, despite these impacts, the global market is slated to recover strongly in the forthcoming years, following the ease of COVID-19 restrictions and growing investments by leading market players.
Major Upcoming Trends in the Industry
The market for tetraethyl orthosilicate will be positively influenced by some major upcoming trends that could prove to be transformational for industry players globally. One such trend is structural advances and sustainability. Rapid advancements have been made in material science over the past few years, which resulted in the development of advanced structures in advanced materials.
High-performance materials, such as tetraethoxysilane, are being utilized across various industries due to their exceptional temperature resistance, robust strength, high insolubility, and other benefits. Market players are focusing on making TEOS synthesis sustainable and economical by minimizing energy consumption. Strict environmental norms are encouraging companies that will certainly lead to increased R&D innovation in the coming years, thereby promising growth opportunities for the tetraethyl orthosilicate industry.