Silicon Metal Market Size, Share & Trends Analysis Report By Application (Aluminum, Silicones, Solar & Semiconductor), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 - 2027

Published: Nov, 2020 | Pages: 8950 | Publisher: Grand View Research
Industry: Interior Products | Report Format: Electronic (PDF)

Silicon Metal Market Growth & Trends

The global silicon metal market size is expected to reach USD 8.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2020 to 2027. The industry is expected to be driven by rising installations of photovoltaic cells, strong demand from aluminum producers, and increasing demand from semiconductor manufacturers.

About 44% of the total silicon metal output is used for the production of aluminum alloys. The addition of the product to the aluminum production process minimizes shrinkage and cracking and improves castability. The recent trend indicates aluminum being used as an alternative to steel and other metals to manufacture lighter weight automotive parts to attain fuel efficiency. This is a positive sign for the market.

Asia Pacific dominated the market in 2019 owing to strong domestic demand from China. China is a leader in terms of aluminum production and also has growth potential for silicone manufacturing. Therefore, the country also leads in terms of silicon metal production to cater to its large domestic demand and capitalize on undersupplied foreign markets.

In the chemical industry, the product is used for silicone manufacturing. Silicones, in turn, are used in a wide array of end-use industries, including construction, transportation, healthcare electronics, and textiles. The global silicone production is highly consolidated as it is dominated by five players – the top 5 producers account for approximately 85% of the output. As a result, the bargaining power of buyers in the silicones industry is high.

The production, as well as consumption of silicones, are mostly concentrated in North America and Europe, although there is a substantial growth potential from developing economies such as China. The increasing disposable income, growing construction output, and improving industrial products are likely to improve the demand and production of silicones, which, in turn, is expected to benefit the market growth.

The solar industry is another key application of the product, which is expanding at a rapid rate. The product is a critical raw material in the manufacturing of photovoltaics. This can be illustrated from the fact that the global photovoltaic installations doubled between 2015 and 2017. However, there was a drop in installations in 2018, following Chinese policy reforms. However, the future outlook looks lucrative as the rate of PV installations is rapidly increasing in developing economies.

Silicon Metal Market Report Highlights

• Asia Pacific dominated the market with a revenue share of 38.3% in 2019 owing to the presence of a large aluminum production base in the region

• The solar and semiconductor application segment is expected to expand at the fastest revenue-based CAGR of 5.2% from 2020 to 2027 owing to rapidly rising installations of photovoltaics and healthy demand from semiconductor manufacturers

• The aluminum application segment dominated the market with a revenue share of more than 40.0% in 2019 as silicon metal is an important alloying element used for the production of aluminum

• In December 2015, Ferroglobe Plc was formed as a result of a merger between Globe Specialty Metals, Inc. and Grupo FerroAtlántica

• Ferroglobe Plc is a global leader in the market with a share of roughly 14% in 2019"

 "Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR’s Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Outlook
                  2.2. Segmental Outlook
                  2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
                  3.1. Penetration & Growth Prospect Mapping
                  3.2. Industry Value Chain Analysis
                      3.2.1. Major Raw Material Trends Analysis
                  3.3. Regulatory Framework
                  3.4. Technology Framework
                  3.5. Silicon Metal Market: Market Dynamics
                      3.5.1. Market Driver Analysis
                      3.5.2. Market Restraint Analysis
                      3.5.3. Industry Challenges
                  3.6. Business Environmental Tools Analysis: Silicon Metal Market
                      3.6.1. Porter’s Five Forces Analysis
                           3.6.1.1. Bargaining Power of Suppliers
                           3.6.1.2. Bargaining Power of Buyers
                           3.6.1.3. Threat of Substitution
                           3.6.1.4. Threat of New Entrants
                           3.6.1.5. Competitive Rivalry
                      3.6.2. PESTEL Analysis
                           3.6.2.1. Political Landscape
                           3.6.2.2. Economic Landscape
                           3.6.2.3. Social Landscape
                           3.6.2.4. Technology Landscape
                           3.6.2.5. Environmental Landscape
                           3.6.2.6. Legal Landscape
                  3.7. Major Strategic Deals & Alliances
Chapter 4. Silicon Metal Market: Application Estimates & Trend Analysis
                  4.1. Silicon Metal Market: Application Movement Analysis, 2019 & 2027
                  4.2. Aluminum
                      4.2.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                  4.3. Silicones
                      4.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                  4.4. Solar & Semiconductor
                      4.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
Chapter 5. Silicon Metal Market: Regional Estimates & Trend Analysis
                  5.1. Regional Movement Analysis & Market Share, 2019 & 2027
                  5.2. Silicon Metal market: Regional movement analysis, 2019 & 2027
                  5.3. North America
                      5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                      5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.3.3. U.S.
                           5.3.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.3.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.3.4. Canada
                           5.3.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.3.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.3.5. Mexico
                           5.3.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.3.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                  5.4. Europe
                      5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                      5.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.4.3. Russia
                           5.4.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.4.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.4.4. Norway
                           5.4.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.4.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.4.5. Germany
                           5.4.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.4.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.4.6. France
                           5.4.6.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.4.6.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                  5.5. Asia Pacific
                      5.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                      5.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.5.3. China
                           5.5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.5.4. India
                           5.5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.5.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                  5.6. Central & South America
                      5.6.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                      5.6.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                      5.6.3. Brazil
                           5.6.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                           5.6.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
                  5.7. Middle East & Africa
                      5.7.1. Market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
                      5.7.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
                  6.1. Key Global Players, Their Initiatives, & Its Impact on the Market
                  6.2. Vendor Landscape
                  6.3. Company Market Position Analysis
                  6.4. Strategic Framework
Chapter 7. Company Profiles
                  7.1. Ferroglobe Plc
                      7.1.1. Company overview
                      7.1.2. Financial performance
                      7.1.3. Product benchmarking
                      7.1.4. Strategic initiatives
                  7.2. Dow DuPont
                      7.2.1. Company overview
                      7.2.2. Financial performance
                      7.2.3. Product benchmarking
                      7.2.4. Strategic initiatives
                  7.3. Elkem ASA
                      7.3.1. Company overview
                      7.3.2. Financial performance
                      7.3.3. Product benchmarking
                      7.3.4. Strategic initiatives
                  7.4. RIMA Group
                      7.4.1. Company overview
                      7.4.2. Financial performance
                      7.4.3. Product benchmarking
                      7.4.4. Strategic initiatives
                  7.5. Rusal
                      7.5.1. Company overview
                      7.5.2. Financial performance
                      7.5.3. Product benchmarking
                      7.5.4. Strategic initiatives
                  7.6. LIASA
                      7.6.1. Company overview
                      7.6.2. Financial performance
                      7.6.3. Product benchmarking
                      7.6.4. Strategic initiatives
                  7.7. Wacker Chemie AG
                      7.7.1. Company overview
                      7.7.2. Financial performance
                      7.7.3. Product benchmarking
                      7.7.4. Strategic initiatives
                  7.8. Silicon Metal Industries
                      7.8.1. Company overview
                      7.8.2. Financial performance
                      7.8.3. Product benchmarking
                      7.8.4. Strategic initiatives
                  7.9. Mississippi Silicon
                      7.9.1. Company overview
                      7.9.2. Financial performance
                      7.9.3. Product benchmarking
                      7.9.4. Strategic initiatives
                  7.10. Sil’tronix Silicon Technologies
                      7.10.1. Company overview
                      7.10.2. Financial performance
                      7.10.3. Product benchmarking
                      7.10.4. Strategic initiatives

"

"List of Tables

1. Silicon Metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
2. Silicon Metal market estimates and forecasts for aluminum, 2016 - 2027 (Kilotons) (USD Million)
3. Silicon Metal market estimates and forecasts for silicones, 2016 - 2027 (Kilotons) (USD Million)
4. Silicon Metal market estimates and forecasts for solar & semiconductor, 2016 - 2027 (Kilotons) (USD Million)
5. North America silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
6. North America silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
7. U.S. silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
8. U.S. silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
9. Canada silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
10. Canada silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
11. Mexico silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
12. Mexico silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
13. Europe silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
14. Europe silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
15. Germany silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
16. Germany silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
17. Russia silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
18. Russia silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
19. Norway silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
20. Norway silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
21. France silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
22. France silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
23. Asia Pacific silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
24. Asia Pacific silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
25. China silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
26. China silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
27. India silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
28. India silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
29. Central & South America silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
30. Central & South America silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
31. Brazil silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
32. Brazil silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)
33. Middle East & Africa silicon metal market estimates and forecasts, 2016 - 2027 (Kilotons) (USD Million)
34. Middle East & Africa silicon metal market estimates and forecasts, by application, 2016 - 2027 (Kilotons) (USD Million)"	"List of Figures

1. Silicon Metal market - Market segmentation & scope
2. Information procurement
3. Primary research pattern
4. Primary research process
5. Primary research approaches
6. Silicon Metal market - Market snapshot
7. Silicon Metal market - Penetration & growth prospect mapping
8. Silicon Metal market - Industry value chain analysis
9. Silicon Metal market - Market dynamics
10. Market driver impact analysis
11. Market restraint impact analysis
12. Silicon Metal market: Application movement analysis, 2019 & 2027
13. Silicon Metal market: Regional snapshot, 2019 & 2027
14. Silicon Metal market: Regional movement analysis, 2019 & 2027
15. Company market positioning
16. Strategy framework"