Press release
Silicon Metal Market Projected To Be Worth US$3.4 bn by 2024
Silicon metal is derived from quartz (silicon dioxide). It is purified elemental silicon alloyed with significant quantities of other elements such as aluminum and calcium. Key applications of silicon metal include aluminum alloys, silicones/silanes, semiconductors, solar panels, and others (laboratory reagents, etc.). Growth in the building & construction industry in Asia Pacific is projected to boost the consumption of silicones. This, in turn, is anticipated to drive the demand for silicon metal during the forecast period. High production cost of silicon metal in certain regions is estimated to hamper the global silicon metal market during the forecast period. However, rising demand for solar panels and in turn silicon metal in North America, Europe, and emerging economies of Asia Pacific is projected to offer immense opportunities for manufacturers during the forecast period.
This report analyzes and forecasts the market for silicon metal at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global silicon metal market. It also covers impact of these drivers and restraints on demand for silicon metal during the forecast period. The report also highlights opportunities in the silicon metal market at the global and regional level.
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The report includes detailed value chain analysis, which provides a comprehensive view of the global silicon metal market. Porter’s Five Forces model for the silicon metal market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global silicon metal market by segmenting it in terms of application such as aluminum alloys, silicones/silanes, semiconductors, solar panels, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for silicon metal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for applications of silicon metal in all the regions.
The report provides the estimated market size of silicon metal for 2016 and forecast for the next eight years. The global market size of silicon metal has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key applications of silicon metal. Market size and forecast for products and applications have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key player’s product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
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Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, GUNTHER Portfolio, REN21, Forbes, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. This help validate and strengthen secondary research findings. This also helps develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the global silicon metal market. Key players profiled in the report include China National Bluestar (Group) Co, Ltd., Dow Corning Corporation, MINASLIGAS, RW silicium GmbH, Simcoa Operations Pty Ltd, Wacker Chemie AG, Ferroglobe PLC, and Yunnan Yongchang Silicon Industry Co., Ltd. The companies have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report segments the global silicon metal market as follows:
Silicon Metal Market – Application Analysis
Aluminum Alloys
Silicones/Silanes
Semiconductors
Solar Panels
Others (Including Stainless Steel, Laboratory Reagents, etc.)
Silicon Metal Market – Regional Analysis
North America
U.S.
Rest of North America
Europe
France
U.K.
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA
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Table of Contents
1. Preface
1.1. Report Description
1.2. Report Scope
1.3. Assumptions
1.4. Market Segmentation
1.5. Research Methodology
2. Executive Summary
2.1. Global Silicon Metal Market, 2015–2024 (Kilo Tons) (US$ Mn)
2.2. Global Silicon Metal Market: Snapshot
3. Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Dynamics
3.4. Market Drivers
3.4.1. Driver 1 – Growth in demand for solar panels is likely to boost Silicon metal market
3.4.2. Driver 2 – Increasing application of aluminum alloys in transportation segment is expected to boost Silicon metal market
3.5. Restraints
3.5.1. Restraint – High dependency on power costs, transportation, availability of raw material and production costs
3.6. Opportunity – Innovation in production process of solar grade silicon will reduce costs, increase penetration of solar modules
3.7. Porter’s Five Forces Analysis
3.8. Global Silicon Metal Market Attractiveness, by Application, 2015
3.9. Global Silicon Metal Market Attractiveness, by Country, 2015
3.10. Global Silicon Metal Market Share, by Company, 2015
4. Manufacturing process and Price Trend Analysis
4.1. Manufacturing process
4.2. Silicon Metal Price Trend Analysis
5. Silicon Metal Market: Application Analysis
5.1. Silicon Metal Market: Application Overview
5.2. Global Silicon Metal Market for Aluminum Alloys (Kilo Tons) (US$ Mn), 2015–2024
5.3. Global Silicon Metal Market for Silicones/ Silanes (Kilo Tons) (US$ Mn), 2015–2024
5.4. Global Silicon Metal Market for Semiconductors (Kilo Tons) (US$ Mn), 2015–2024
5.5. Global Silicon Metal Market for Solar Panels (Kilo Tons) (US$ Mn), 2015–2024
5.6. Global Silicon Metal Market for Others (Kilo Tons) (US$ Mn), 2015–2024
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