Global Silicon Metal Market Outlook to 2028
Driven by rising demand for aluminum-silicon alloys, expansion of construction & automobile industry with favorable government policies.
July 2023
89
About the Report
About the Report
The report provides a comprehensive analysis of the potential of Silicon Metal Market in the world. The report covers an overview and genesis of the industry, market size in terms of volume (in kilo tons).
The report has market segmentation which include segments by product type, by application, by geography; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Market Size of Global Silicon Metalhas shown increasing trend from 2017 to 2022. However, the outbreak of coronavirus had a marginal impact on the global market for silicon metal. Major economies' unexpected operations halt negatively influenced economic growth and changed consumer purchasing habits. Market Size of Global Silicon Metal is expected to show increasing trend from 2022 to 2027 at CAGR of 5.4%. This is owing to demand from solar and automotive industry along with some government initiatives.
- Various developments by key players of the market and significant investments in research and development activities that further enhance product applications extend profitable opportunities to market players from 2022 to 2029.
- Additionally, the increasing attention of manufacturers towards sustainability and cost-efficiency will encourage inventors to find more creative and economical ways to produce silicon, which will further expand the future growth of the silicon metal market.
Key Trends by Market Segment:
By Product Type: Metallurgy grade is the highest contributor in silicon metal market from 2017 to 2022 by product type due to its usage in manufacturing steel, solar cells, and microchips.
By Application: Aluminum alloy is the major area where silicon metal is utilized. Over recent years, there has been an increasing demand for silicon from the aluminum industry to improve the strength of aluminum.
Competitive Landscape:
Future Outlook:
The market is expected to grow at a CAGR of 5.4% from 2022 to 2028. Various developments by key players of the market and significant investments in research and development activities that further enhance product applications extend profitable opportunities to market players from 2022 to 2029. Additionally, the increasing attention of manufacturers towards sustainability and cost-efficiency will encourage inventors to find more creative and economical ways to produce silicon, which will further expand the future growth of the silicon metal market.
Scope Of The Report
Scope of the Report
|
Global Silicon Metal Market Segmentation |
|
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
|
By Geography |
· Asia-Pacific · Europe · North America · Middle East & Africa · South America |
|
Asia Pacific Silicon Metal Market Segmentation |
|
|
By Region |
· China · India · Japan · South Korea · Rest of Asia Pacific |
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
|
Europe Silicon Metal Market Segmentation |
|
|
By Region |
· Germany · UK · France · Italy · Rest of Europe |
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
|
North America Silicon Metal Market Segmentation |
|
|
By Region |
· US · Canada · Mexico |
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
|
Middle East & Africa Silicon Metal Market Segmentation |
|
|
By Region |
· Saudi Arabia · South Africa · Rest of Middle East & Africa |
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
|
South America Silicon Metal Market Segmentation |
|
|
By Region |
· Brazil · Argentina · Rest of South America |
|
By Product Type |
· Metallurgy Grade · Chemical Grade |
|
By Application |
· Aluminum Alloys · Silicones · Solar Panels · Semiconductors · Others |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Silicon Metal Manufacturers
- Emerging and Startup Companies in Silicon Metal
- Different Types of Silicon Metal Research Labs
- Government Ministries and Departments of Minerals
- Government Departments of Electronics
- Ministries and Departments of Paint & Coatings
- Importers and Distributors of Silicon Metal
- Chemical and Metals Market Research & Consulting Firms
- Semiconductor Research and Development Associations
- Investment Banking & Financial Institutes
- PE and VC Firms focused on Chemicals and Metals Industries
- Research & Development Institutes for Silicon Metal Sector
- Silicon Metal Providers
- Silicon Metal Suppliers
- Investors in Silicon Metal Start-ups
- Environmental Regulatory Bodies
- Silicon Metal Distributors
- Potential Entrants into Silicon Industry
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2028
Companies
Major Players Mentioned in the Report:
- Dow
- Cree
- Ferro globe
- Rusal
- Elkem
- Wacker
- Hoshine
- EGA
- Liasa
- Minasligas
- Infineon
- Toshiba
- Wanhua Metal
Table of Contents
Table of Contents
1. Executive Summary
1.1 Executive Summary: Global Silicon Metal Market
2. Global Silicon Metal Market Size and Segmentation, 2017-2022
2.1 Taxonomy of Global Silicon Metal Market
2.2 Industry Value Chain Analysis
2.3 Ecosystem of Global Silicon Metal Market
2.4 Government Regulations/Initiatives for Global Silicon Metal Market
2.5 Growth Drivers of Global Silicon Metal Market
2.6 Issues and Challenges of Global Silicon Metal Market
2.7 Impact of COVID-19 on Global Silicon Metal Market
2.8 Market Sizing of Global Silicon Metal Market, 2017-2022
2.9 Global Segmentation by Product Type, 2017 to 2022
2.10 Global Segmentation by Application, 2017 to 2022
2.11 Global Silicon Metal Market Segmentation by Region, 2022
2.12 Regional Market Growth Drivers
2.13 Regional Segmentation Split by Product, 2017 and 2022
2.14 Regional Segmentation Split by Application, 2017 and 2022
3. Regional Analysis of Asia Pacific Silicon Metal Market
3.1 Asia Pacific Silicon Metal Market Overview
3.2 Market Sizing of Asia Pacific Silicon Metal Market, 2017-2028
3.3 Asia Pacific Silicon Metal Market Regional Spilt, 2017-2028
4. Regional Analysis of Europe Silicon Metal Market
4.1 Europe Silicon Metal Market Overview
4.2 Market Sizing of Europe Silicon Metal Market, 2017-2028
4.3 Europe Silicon Metal Market Regional Spilt, 2017-2028
5. Regional Analysis of North America Silicon Metal Market
5.1 North America Silicon Metal Market Overview
5.2 Market Sizing of North America Silicon Metal Market, 2017-2028
5.3 North America Silicon Metal Market Regional Spilt, 2017-2028
6. Regional Analysis of MEA Silicon Metal Market
6.1 MEA Silicon Metal Market Overview
6.2 Market Sizing of MEA Silicon Metal Market, 2017-2028
6.3 MEA Silicon Metal Market Regional Spilt, 2017-2028
7. Regional Analysis of South America Silicon Metal Market
7.1 South America Silicon Metal Market Overview
7.2 Market Sizing of South America Silicon Metal Market, 2017-2028
7.3 South America Silicon Metal Market Regional Spilt, 2017-2028
8. Competition Analysis of Global Silicon Metal Market
8.1 Gartner Magic Quadrant
8.2 Porter’s Five Forces Analysis of Global Silicon Metal Market
8.3 Trends and Developments of Global Silicon Metal Market
9. Company Profiles of Major Players in Global Silicon Metal Market
9.1 Company Profile of RusAL
9.2 Company Profile of Dow
9.3 Company Profile of Elkem ASA
9.4 Company Profile of Shin-Etsu Chemical Co., Ltd.
9.5 Company Profile of LIASA
9.6 Company Profile of Rima Industrial
9.7 Company Profile of Anyang Wanhua Metal Material Co. Ltd.
9.8 Company Profile of Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
9.9 Company Profile of Hoshine Silicon Industry Co., Ltd
9.10 Company Profile of Ferroglobe
10. Future Outlook and Projections of Silicon Metal Market
10.1 Market Sizing of Global Silicon Metal Market, 2022-2028
10.2 Segmentation by Product Type, 2022 to 2028
10.3 Segmentation by Application, 2022 to 2028
10.4 Silicon Metal Market by Region, 2028
10.5 Regional Market Growth Drivers
10.6 Regional Segmentation Split by Product, 2022 and 2028
10.7 Regional Segmentation Split by Application, 2022 and 2028
11. Analyst Recommendations
11.1 Reducing the Cost of Production
11.2 Opportunity in Electric Vehicle
11.3 Partnerships of Silicon Metal Market
11.4 Leading Player Strategy in Silicon Metal Market
12. Research Methodology
12.1 Market Definitions
12.2 Abbreviations Used
12.3 Market Sizing Approach
12.4 Consolidated Research Approach
12.5 Sample Size Inclusion
12.6 Research Limitations and Future Conclusion
Disclaimer
Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics on silicon metal over the years, penetration of marketplaces and metal providers ratio to compute revenue generated for silicon metal. We will also review metal volume in kilo tons statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple silicon metal providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from silicon metal providers.
Frequently Asked Questions
Frequently Asked Questions
How big is the global silicon metal market?
The global silicon metal market size was valued at USD 12.4 billion in 2021.
What is the Future of the Global Silicon Metal Market?
The Global Silicon Metal Market is expected to witness a CAGR of ~5.4% from 2022- 2028.
What are the Key Factors Driving the Global Silicon Metal Market?
The increasing demand for silicon metal in the automotive and semiconductor industry along with increased demand for electronics goods in different countries and supportive initiatives by the government to boost the demand for electric vehicles are the Key Factors Driving the Global Silicon Metal Market.
Which is the Largest Segment within the Global Silicon Metal Market?
Metallurgy grade held the Largest Product Type Segment within the Global Silicon Metal Market in 2021.
Who are the Key Players in the Global Silicon Metal Market?
Ferroglobe, Dow, Elkem ASA, RIMA INDUSTRIAL, and RusAL are the Key Players in the Global Silicon Metal Market.
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.