Global Silicon Monoxide market will reach 180 million US$ by the end of 2025
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Published Date: 2018/11/5
Silicon monoxide, SiO, is an amorphous solid which does not have a characteristic X-ray diffraction pattern. SiO is brown in powder or pressed form and black in granular or lump form. It is stable at room temperature, but at temperatures of 400-800°C, X-ray readings show traces of the disproportionation products silicon and quartz. SiO is a highly desirable coating material due to its high deposition rate and ease of evaporation using low cost resistance-heated coating systems. SiO is also noted for its excellent environmental stability.
The market is majorly driven by the increasing demand from anode material of lithium ion batteries, Silicon (Si)-based materials have the highest capacity among the investigated anode materials and have been recognized as one of the most promising materials for lithium-ion batteries. Moreover, the market is growing due to the increasing industrialization and urbanization in developing economies.
The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
The global Silicon Monoxide market is valued at 79 million US$ in 2017 and will reach 180 million US$ by the end of 2025, growing at a CAGR of 11.0% during 2018-2025.
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