Press release
Silicon Metal Market Expansion: Potential Areas for Strategic Entry
AMR
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/silicon-metal-market/purchase-options
Key Market Drivers and Challenges
The growth of the global silicon metal market is driven by:
- Increased Demand for Aluminum Silicon (Al-Si) Alloys: These alloys are crucial in various industrial applications.
- Versatility of Silicones: Silicon metal is essential in producing silicones, used extensively across different industries.
- Rising Use in Semiconductor Applications: Silicon is a fundamental component in semiconductor manufacturing.
However, the market faces challenges such as:
High Production Costs: These can hinder market expansion.
COVID-19 Impact: The pandemic disrupted production activities due to lockdowns and workforce shortages, particularly affecting the supply of quartz, a key raw material for silicon metal.
Opportunities for Growth
Innovations in existing technologies present significant growth opportunities for the silicon metal market in the coming years.
Market Segmentation
By Type
- Metallurgical Grade: Dominated the market with over half of the total share in 2019 and is expected to maintain its lead, growing at a CAGR of 5.9%.
- Chemical Grade: Also analyzed in the report for its market contribution.
By Application
- Aluminum Alloys: Held about 40% of the market share in 2019 and is projected to continue leading.
- Semiconductors: Expected to grow at the highest CAGR of 6.2% from 2020 to 2027.
Regional Insights
- Asia-Pacific: Contributed over 40% of the market share in 2019 and is anticipated to continue its dominance, with the fastest CAGR of 6.4%.
- Other regions analyzed include North America, Europe, and LAMEA.
Leading Market Players
- Anyang Wanhua Metal Material Co. Ltd.
- Elkem ASA
- Dow Inc.
- Henan ALOY New Material Co. Ltd.
- Ferroglobe PLC
- Liasa
- Hoshine Silicon Industry Co. Ltd.
- Shin-Etsu Chemical Co. Ltd.
- Mississippi Silicon LLC
- United Company RUSAL
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/silicon-metal-market-A09262
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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