0
2021
Silicon Metal Market

Silicon Metal Market

by Product Type (Metallurgical and Chemical) and Application (Aluminum Alloys, Silicone, Semiconductors, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A09262
Pages: 235
Jan 2021 | 7774 Views
Author(s) : Pratik M, Ashwin P , Eswara P
Tables: 145
Charts: 58
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Silicon Metal Market

Request Now !

The global silicon metal market size was valued at $6.3 billion in 2019, and is projected to reach $8.9 billion by 2027, growing at a CAGR of 5.5% from 2020 to 2027.

Silicon metal is purified form of silica that is produced by the thermal reduction of quartz in Submerged Arc Furnace (SAF), along with a reducing agent. It is also known as metal silicon or industrial silicon. Its chemical composition mainly consists of iron, aluminum, and calcium. According to the content of Fe, Al, and Ca in metallic silicon, it can be divided into different grades such as 553, 441, 411, 421, 3303, and so on.

Infographics_Global Silicon Metal Market, 2020-2027

Silicon metal is the base material for so many products; hence, it has an important role in industrial and consumer sectors. Presently, the use of silicon metal for producing aluminum alloys holds the largest share in the total silicon metal production. Aluminum alloys are used in producing automotive components and aerospace products. Silicon improves the strength, castability, and brittleness of the alloy; thereby, enhancing the alloy’s use for an increasing range of high-performance parts. The demand for silicon in the transport sector has grown significantly as a result of increase in use of aluminum-based parts as replacements for heavier steel or iron parts in automotive applications. Further, increasing versatility of silicones, a key application of silicon metal, also drives the demand for silicon metal. Silicon metal is used as the base material for silicone that has a diversified range of applications such as sealants, lubricants, gaskets & seals, food additives, and cosmetics. Polysilicon, a product of silicon metal, is the base material for solar cells and semiconductor wafers.

Presently, the high cost of production of silicon metal acts as a limiting factor in the silicon metal market growth. A huge portion of working capital is consumed by the energy requirements of the SAF. In addition, the cost of production is high due to the labor costs and transportation. Producing silicon metal is extremely energy intensive due to the necessary purification process. Production of silicon metal requires feedstock such as coal, quartz, natural gas/oil, and electrodes. Hence, the entry of new players in the silicon metal value chain is low. 

However, silicon metal plays an important role in the global manufacturing chain and increasing prices of silicon metal are expected to have little effect over the silicon metal market growth during the forecast period. Rise in use of silicon metal in solar panel production as well as the use of silicon in the production of Silicon-lithium-ion batteries as an anode has the potential to offer fresh opportunities for the growth of the silicon metal market during the forecast period. 

The global silicon market is segmented on the basis of product type and application. Based on product type, the market is divided into metallurgical and chemical. The applications of silicon metal include aluminum alloys, silicone, semiconductors, and others.

Some of the major players profiled in the report include Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe PLC, Henan ALOY New Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Liasa, Mississippi Silicon LLC, Shin-Etsu Chemical Co. Ltd., and United Company RUSAL. 

Global Silicon Metal Market, By Region

Asia-Pacific accounted for the highest market share in 2019 in the global silicon metal market. In Asia-Pacific, China is the leader in the smelting industry and uses silicon metal in its steel & aluminum alloy production. Further, the presence of well-established automotive and semiconductor industry in India, Japan, and China is one of the underlying factors responsible for the highest market share.

Silicon Metal Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is projected as the most lucrative market.

Get more information on this report : Request Sample Pages

Global Silicon Metal Market, By Product type

On the basis of the product type, the global silicon metal market is divided into metallurgical and chemical grade silicon metal. The metallurgical grade of silicon metal is majorly used in the automotive and construction industries.

Silicon Metal Market
By Product Type

Your browser does not support the canvas element.

Metallurgical Grade is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Silicon Metal Market, By Application

On the basis of application, the aluminum alloy segment held the largest silicon metal market share in 2019. Silicon metal is added to aluminum to alter the structural characteristics of aluminum. Alloy made from silicon and aluminum is called as Silumin and is used in the automotive industry to produce light-weight vehicle components, which were traditionally made from steel or cast iron.

Silicon Metal Market
By Application

Your browser does not support the canvas element.

Semiconductors application is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

COVID-19 Scenario Analysis:

  • The global silicon metal market was moderately impacted by the outbreak of COVID-19 across the globe. 
  • The abrupt shutdown of operations in major economies severely impacted economic growth, thus, changing consumer spending patterns. 
  • The COVID-19 led to shortage of workforce in the mining industry, which led to a deficit of supply of quartz – the primary raw material for silicon metal production.
  • On the demand side, as a containment measure, the global manufacturing sector that included the automotive and infrastructure market had to be shut down for longer period which lowered the demand for metals and alloys. 
  • Similar to the manufacturing sector, the global construction activities faced delays in execution due to non-availability of workforce and resources. Large number of construction projects are on hold or delayed for 6 months. Such changes negatively impacted the demand for aluminum alloy-based structural supports. 
  • China, the epicenter of the pandemic had to shut down its electronic OEMs and contract manufacturing, and focus on essential products. In Asia-Pacific, China is the largest producer and consumer of silicon metal. Hence, the disruption caused by COVID-19 plummeted the silicon metal production. 
  • The COVID-19 pandemic disrupted the electronics industry and the entire supply chain, creating shortage of raw material supply. 
  • Silicone, a major application area of silicon metal, also faced similar demand & supply issues due to the pandemic. 

Key Benefits For Stakeholders

  • The global silicon metal market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides an in-depth analysis of the global silicon metal market forecast for the period.
  • The report outlines the current silicon metal market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • The key drivers, restraints, and technical foam market opportunity and their detailed impact analysis is elucidated in the study.

Silicon Metal Market Report Highlights

Aspects Details
By Product Type
  • Metallurgical
  • Chemical
By Application
  • Aluminum Alloys
  • Silicone
  • Semiconductors
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe PLC, Hoshine Silicon Industry Co. Ltd., Henan ALOY New Material Co. Ltd., Liasa, Mississippi Silicon LLC, Shin-Etsu Chemical Co. Ltd., United Company RUSAL
 

Loading Table Of Content...


 
 

According to the opinions of various CXOs of leading companies, the silicon metal market is anticipated to grow at an exponential rate during the forecast period. Silicon metal is a critical material in the silicone and steel & aluminum industry as well as other industries such as electronics, solar, battery materials, and refractory materials. Currently, there are no substitutes for silicon metal in various applications, which makes it important in the manufacturing sector. Silicone-based products are increasing its application versatility, which is conducive for the growth of the overall silicon metal market. Silicone-based products have penetrated into various markets due to its availability in numerous formats with increased durability and electrical resistance. 

The global silicon metal market is segmented on the basis of product type and applications.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Factors such as growing demand for aluminum alloys, silicon wafers, solar panels, and silicone products from various end-use industries such as automotive and electronics are major factors boosting the silicon metal market growth

A. The Global Silicon Metal Market is forecasted to reach $8.9 billion by 2027

A. Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe PLC, Henan ALOY New Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Liasa, Mississippi Silicon LLC, Shin-Etsu Chemical Co. Ltd., and United Company RUSAL are the major players in the silicon metal industry

A. The aluminum alloy industry and the semiconductor industry are the two major end use industries projected to increase the demand for silicon metal market

A. On the basis of application, the aluminum alloy segment held the largest market share

A. Growing demand for aluminum silicon (Al-Si) alloys from industries such as automotive, construction, aerospace, and marine is the major driver of silicon metal market

A. The use of silicon metal market in the production of silicon solar cells, stainless steel, refractory materials, and battery materials are expected to drive the adoption of silicon metal during the forecast period.

A. The COVID-19 pandemic has reduced automotive sales and delayed construction activities, thus, reducing the demand for silicon based aluminum alloys

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Silicon Metal Market

Start reading instantly.
This Report and over 19,266+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2022 - Jan 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers