The global silicon monoxide market size accounted for USD 141 million in 2024 and is predicted to reach around USD 379.24 million by 2034, expanding at a CAGR of 10.4% from 2024 to 2034.
Silicon monoxide is an integral part of the chemical and material industry. Silicon monoxide is a chemical compound with formula SiO. It appears as a black or brown solid, depending on its production method. It is a tough, granular material which is highly transparent and electrically conductive with properties similar to ceramics such as heat resistance and strength. SiO has various applications such as in optoelectronic devices, battery technologies and protective layer on top of first surface metal mirror coatings.
The rising interest of using silicon monoxide as a potential alternative over traditional battery materials due to its improved energy density and efficiency and likely benefits to the environment for providing greener technologies is driving the market growth. Additionally, the innovations in R&D of SiO production methods with aim of overcoming high production costs and supply chain disruptions is expanding the importance of SiO in the market.
The significant growth in demand from electric vehicles industries and renewable energy storage systems with support from government and the need for high- performance battery materials like silicon monoxide is one of the key factors expected to create opportunities for the key market players in the upcoming years.
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| Stats ID: | 7205 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7205 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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