Global Silicon Metal Market was valued at USD 530.88 Mn in 2019 and is expected to reach at USD 827.17 Mn by 2027 at a CAGR of 5.7 over forecast period 2020-2027.
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.
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 2019 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 2019 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.
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 Silicon Metal Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Silicon Metal Market make the report investor’s guide.
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Scope of Global Silicon Metal Market
Global Silicon Metal Market Segmentation by Product Type
• Metallurgy Grade
• Chemical Grade
Global Silicon Metal Market Segmentation by Application
• Aluminum Alloys
• Silicones and Silanes
• Solar Panels
Global Silicon Metal Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global Silicon Metal Market Major Players
• Zhejiang Kaihua Yuantong Silicon
• Pengcheng Guangfu
• H.C. Starck
• S+A Blackwell
• Zhongcheng Silicon
• RW silicium
• Micron Metals
• Minhang Silicon
• Dadi Zelin Silicon
• Zhong Yu Jin Ming Silicon
• CNPC Powder
• Yinfeng Silicon Products
• Mingrui Siliocon
• Yafei Alloy
• Sanhui Naihuo
• Anyang Yuda Silicon
• Jiuzhou Silicon
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