Global Ethyl Silicate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethyl Silicate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Formally named tetraethoxysilane (TEOS), ethyl silicate is the organic chemical compound with the formula Si(OC2H5)4. It can be used in Paint, Silicone Rubber, Synthesis of High-purity Silica, Vitrified Bond, Silica Gel Material and other fields.

Market Overview:

The latest research study on the global Ethyl Silicate market finds that the global Ethyl Silicate market reached a value of USD 467.82 million in 2022. It’s expected that the market will achieve USD 624.42 million by 2028, exhibiting a CAGR of 4.93% during the forecast period.

Ethyl Silicate, also known as orthoethyl silicate (TEOS), is a silicon source commonly used in the preparation of SiO2 aerogels, mainly used as electrical insulation materials, coatings, and optical glass treatment agents; it is also used in organic synthesis to manufacture chemical-resistant coatings, heat-resistant coatings, silicone solvents and precision casting adhesives; used as heat-resistant coatings, chemical-resistant coatings, organic synthesis intermediates, etc. In addition, electronic grade TEOS is widely used in chemical vapor deposition process to form silicon dioxide deposition film, so as to prevent pollutants and impurities from entering semiconductor components, and at the same time, it can produce conductive layer or insulating layer, produce anti-reflection film to improve light absorption rate, temporarily block etch etc. Wide application demand of Ethyl Silicate in the downstream market will drive the growth of the industry.

Functional silanes are used in a wide range of fields, mainly in high-tech industrial products. Due to the diversity of the world's economic development, the consumption of functional silanes has maintained a relatively rapid growth, which is positively related to the development level of the world economy. The driving force for the growth is mainly driven by the demand of emerging economies and the development of emerging industrial application fields. In the next five years, the demand for traditional consumption fields such as rubber processing, adhesives, coatings and plastic processing will still constitute the vast majority of functional silane consumption demand and maintain a steady growth. This will also drive the development of the Ethyl Silicate industry.

Region Overview:

In 2021, the share of the Ethyl Silicate market in China stood at 36.24%.

Company Overview:

The major players operating in the Ethyl Silicate market include Wacker, Evonik, YAJIE Chemical, Dow Corning, Shin-Etsu, etc. Among which, Wacker ranked top in terms of sales and revenue in 2022.

Wacker Chemie AG is an international chemical company for highly developed specialty chemicals.

Evonik Industries AG is a holding company, which engages in the manufacture of specialty chemical products.

Segmentation Overview:

Among different product types, Ethyl Silicate 40 segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Silicone Rubber segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ethyl Silicate market covered in Chapter 3:

Shin-Etsu
YAJIE Chemical
Evonik
COLCOAT
Nantong Chenggang Chemical
Chenguang New Materials
Momentive
Zhejiang Zhengbang Organosilicon
Zhejiang Xinan Chemical
Dow Corning
Zhangjiagang LongTai Chemical
Wacker
Zhangjiagang Xinya Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethyl Silicate market from 2018 to 2029 is primarily split into:

Ethyl Silicate 40
Ethyl Silicate 32
Ethyl Silicate 28

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethyl Silicate market from 2018 to 2029 covers:

Paint
Silicone Rubber
Synthesis of High-purity Silica
Vitrified Bond
Silica Gel Material
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)