Los Angeles, January 14, 2020 - Tetraethyl orthosilicate is rising in popularity as it is the most prevalent alkoxide of silicon used in semiconductor industry. It is majorly used as a crosslinking agent for silicone polymers and as a precursor for silicon dioxide. QY Research has recently added a report titled “Global Tetraethyl Orthosilicate Sales Market Report 2019” predicting the growth and opportunities that lie in the global market. According to the global tetraethyl orthosilicate market was worth US$233.81 mn during 2018 and is expected to rise to US$278.55 mn by the end of 2025, registering a CAGR of 2.54% during the forecast period.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1419872/global-tetraethyl-orthosilicate-sales-market
Demand for Additive to Boost the Global Demand for Tetraethyl Orthosilicate
Tetraethyl orthosilicate is rising in demand as it acts as an excellent binder in silicone polymers. Additionally, it is also used in silicon dioxide as a precursor in semiconductors, in zeolites as a synthesis silica, and for coating carpets and other objects.
Tetraethyl orthosilicate is demanded by automotive manufacturing industry for production of gears, bearings, batteries, or safety accessories and by machine industry for manufacturing electric and spacecraft machines. It finds application in other industries such as rocket fuels that require tetraethyl orthosilicate as an additive to reduce heat flux in chamber by 50% and in wine corks as an adhesive component.
Rise in Construction Industry to Boost the Demand for Paint and Coatings Industry
The paint and coating segment is expected to rise in demand during the forecast period as construction industry is rising in demand with the rise of urbanization and population.
China and United States to Compete in the Global Market
China is expected to compete with United States in the global market as both these regions are reaching high levels of economic development due to favourable support and investments from government bodies and availability of cheap resources.
Key players in the global market are competing with other players by engaging in innovating and improving their product quality so that it can find more applications in other industries.
The key players operating in the global tetraethyl orthosilicate market are Evonik, Wacker, DowDuPont, Shin-Etsu, Momentive, Nangtong Chengua Chemical, Jingzhou Jianghan, Zhangjiagang Xinya Chemical, Longtai Chemical, and Zhonggung Group.
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