Global Silicon Metal Market

Article about Global Silicon Metal Market

Published by

Aug 27, 2021

Global Silicon Metal Market was valued at USD 530.88 Mn in 2020 and is expected to reach at USD 827.17 Mn by 2027 at a CAGR of 5.7 over forecast period 2021-2027.

Global Silicon Metal Market Regional Insights

Global Silicon Metal Market Snapshot

 

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Silicon Metal Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Silicon Metal Market Dynamics

Silicon (Si) is a light silicate chemical element with metallic and non-metallic properties. Silicate is formed when silicon combines with oxygen and other elements. Silicates comprises of more than 25% of the Earth’s crust. Silicon metal as quartz or quartzite is used to produce silicon ferroalloys for the various industries like iron, steel, aluminium and chemical industries. Silicon metal is used as a feedstock by the aluminium, chemical, electronics and metallurgical industries. Various factors such as growing solar PV market, growing semiconductor and electronics industry, the massive investment in integrated silicone plants in China and India in recent years, increasing efforts to integrate upstream production facilities into silicon metal production are driving the global metal silicon market over forecast period. Prices of the silicon metal are affected by changes in demand, supply, and consumption requirements by the aluminium, semiconductor, chemical, ferrous foundry, and steel industries.

However, factors such as high capital expenditures, antidumping policies related to silicon metal, stringent regulations pertaining to silicon dispose are restraining the market growth over the forecast period.
Global Silicon Metal Market Segment Analysis

Global Silicon Metal Market is segmented by product type, by application and by Region. By product type, metallurgy grade product held the highest market share in 2020 and is expected to keep its dominance over the forecast period. Metallurgy grade silicon is used as a deoxidizing and alloying agent to produce iron and steel products. Metallurgical grade silicon are consumed in cast and wrought products. It also used as a basic raw material in the manufacture of chemical products and intermediates, such as silicones and Silanes. By application, semiconductors held the highest market share in 2020 and is expected to keep its dominance over the forecast period owing to the growing use of silicon metal as a semiconductor in various electronics devices. Many electronic companies are modifying properties of silicon metal by using doping technology to make them suitable for electrical components. Semiconductor industry is followed by solar panels application segment.
Global Silicon Metal Market Regional Analysis

Global Silicon Metal Market Regional Insights

By geography, APAC dominated the global market with 39.98% of market share in 2020 and is expected to keep its dominance over the forecast period. China led the APAC silicon metal market in 2020 with production of 5.3 Mt, the highest combined production for China since 2010. China’s silicon metal exports increased in 2020 by 14%. The leading countries of destination for silicon metal from China were Japan (23%) and the Republic of Korea (18%). Various governments in APAC such as China, India, Japan, and Thailand are implementing new programs and policies for improving the efficiency and environmental performance of their country’s electrometallurgical industries. Production of silicon metal is among the materials to which this program applied, under which older and smaller manufacturers are incentivised. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over the forecast period. The rapid increase in the number of solar PV installations and the rising demand for smart electronic devices across the United States and Canada are driving the market growth in this region. Europe is expected to grow at a moderate CAGR over the forecast period. Environmental restrictions on Silicon production facilities led to shutdowns and reduced production in the European countries.
Global Silicon Metal Market Key Developments

Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players and mew entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations. Simcoa is a major market player in the global silicon metal market. Simcoa operates the world’s only fully integrated silicon plant, which is situated in Australia. They started operations in December 1989 after many years’ research and studies. They manufacture high-quality silicon metal which is suitable for the chemical and primary aluminium industries. Simcoa has long-term access and control over the supply of the main raw materials required for high-quality silicon production.

The objective of the report is to present a comprehensive analysis of the Global Silicon Metal Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Silicon Metal Market dynamics, structure by analyzing the market segments and project global market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.

FOR MORE INFO VISIT US;

https://www.maximizemarketresearch.com/market-report/global-silicon-metal-market/67820/

 


Market Scope

Global Silicon Metal Market, by Product Type

• Metallurgy Grade
• Chemical Grade
Global Silicon Metal Market, by Application

• Aluminum Alloys
• Semiconductors
• Silicones and Silanes
• Solar Panels
Global Silicon Metal Market, by Region

• North America
• APAC
• Europe
• MEA& Africa
• South Africa
Global Silicon Metal Market Major Players

• Zhejiang Kaihua Yuantong Silicon
• Elkem
• Pengcheng Guangfu
• H.C. Starck
• Simcoa
• Neoplant
• S+A Blackwell
• Zhongcheng Silicon
• RW silicium
• Micron Metals
• Minhang Silicon
• Dadi Zelin Silicon
• ABSCO
• Zhong Yu Jin Ming Silicon
• CNPC Powder
• Yinfeng Silicon Products
• Mingrui Siliocon
• Yafei Alloy
• VestaSi
• Sanhui Naihuo
• Anyang Yuda Silicon
• BAIDAO
• Jiuzhou Silicon

 

For More Information Visit @: Maximize Market Research Company
 This Report Is Submitted By : Maximize Market Research Company  
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
    
About Maximize Market Research: 
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
 
  
  
  

 


Articles authored by  sandip jagtap

Published: Aug 31, 2021

Published: Aug 31, 2021

Published: Aug 31, 2021

Published: Aug 31, 2021

Published: Aug 27, 2021

Published: Aug 27, 2021

Published: Aug 27, 2021

Published: Aug 27, 2021

Published: Aug 25, 2021

Published: Aug 25, 2021

Published: Aug 25, 2021

Published: Aug 21, 2021