The global silicon metal market is anticipated to reach market size of around US$ 10,000 Mn by 2027 and is anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
Silicon is the 8th largest element in earth's crust in terms of density, and the second largest element in the earth's crust. Naturally, it is embedded in feldspar, mica and silica, which are the principal components of common minerals, such as sandstone and quartz. Silicon Metal, along with many other commodities, is a fragile, blue-gray lustrous and hard semiconductor material metal used to create concrete, microchip and solar cells. Silicon metal is commonly used to manufacture silicon, aluminum alloys, solar panels and semiconductor with its features such as machinability, high thermal conductivity and strong corrosion rating. The constant mounting demand for silicone metal for manufacturing aluminum used in the automotive, aerospace and foundry industry is a key driver of growth in the silicone metal sector.
Market Insights
Aluminum alloys based on Silicon are increasingly used in vehicle applications as fuel consumption needs to be decreased by weight alloyed to form silumin together in silicone and aluminum. The silicon alloys are graded into various groups, based on the quality of the silicone. With respect to volume, the Silicon content ranges between 3% and 50% in silicon metal alloys. Using silicon metal to aluminum provides desirable characteristics including high thermal conductivity, high castability, high resistance to corrosion and machinability. Aluminum alloys based on silicone are increasingly used in the automotive industry to replace heavy cast iron and steel. Growing silicon content of aluminum silicon alloy increases wear resistance during moderate wear. Silicium-based aluminum alloys have enough strength to preserve structural strength, durability and resistance to dents and crashes. Bending, folding and deep drawing operations are improved. In addition, during the forecast period, growth of the automotive industry would boost the silicone metal market. A big consumer of silicon-based aluminum alloys is the automotive industry. This in turn raises demand in the automobile industry for silicon metal and aluminum. Increased demand for vehicles and the growing automotive market will also potentially increase the silicon metal sector in the immediate future.
The cost of silicon metal output depends on main factors such as power costs, raw materials, labour and movement. In order to achieve a long-term supply of reliable electricity, the silicon metal processing industry needs the ignition of electric arcs required for the quartz reduction of silicon metal. The high temperature and high power demand exacerbate the energy of the manufacturing process, which greatly raises production costs in general. The raw materials for the manufacture of silicon metal are charcoal, quartzite and wood chips and therefore silicon metal producers choose physiographic regions with important quartz and charcoal deposits. The silicone metal demand is therefore expected to be hampered by high manufacturing costs and market uncertainty.
One of the key factors that influence the growth of the silicone metal market in the region is the huge opportunities for investment in the Asia-Pacific region. In the rural areas of this country, good economic growth and undeveloped infrastructure and policymakers' support for more renewable energy are the key reasons for the introduction of renewable energy. In addition, the considerable decline in solar power rates is drawing green energy options from governments and companies. Increased installation of solar power panels would push the silicon metal demand on the world market.
Some of the prominent players in the silicon metal market include Elkem ASA, RUSAL, Ferroglobe, The Dow Chemical Company, RIMA Group, Simcoa Operations Pty Ltd, Wacker Chemie AG, RW Silicium GmbH, Wynca Group, MINASLIGAS, and others.
The global silicon metal market is segmented as below:
Market Segmentation
Silicon Metal Market By Product Type
Metallurgy Grade
Chemical Grade
Silicon Metal Market By Application
Aluminum Alloys
Semiconductors
Solar Panels
Stainless Steel
Other Applications
Silicon Metal Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Silicon Metal
1.1. Definition and Scope
1.1.1. Definition of Silicon Metal
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Silicon Metal Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Silicon Metal Market By Product Type
1.2.3. Silicon Metal Market By Application
1.2.4. Silicon Metal Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Silicon Metal Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Silicon Metal Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Silicon Metal Major Manufacturers in 2019
CHAPTER 5. Silicon Metal Market By Product Type
5.1. Introduction
5.2. Silicon Metal Revenue By Product Type
5.2.1. Silicon Metal Revenue (US$ Mn) and Forecast, By Product Type, 2016-2027
5.2.2. Metallurgy Grade
5.2.2.1. Metallurgy Grade Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Chemical Grade
5.2.3.1. Chemical Grade Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Silicon Metal Market Revenue By Application
6.1. Introduction
6.2. Silicon Metal Revenue (US$ Mn) By Application
6.2.1. Silicon Metal Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Aluminum Alloys
6.2.2.1. Aluminum Alloys Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Semiconductors
6.2.3.1. Semiconductors Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Solar Panels
6.2.4.1. Solar Panels Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Stainless Steel
6.2.5.1. Stainless Steel Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Others Application
6.2.6.1. Others Application Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Silicon Metal Market By Country
7.1. North America Silicon Metal Overview
7.2. U.S.
7.2.1. U.S. Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
7.2.2. U.S. Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.3. Canada
7.3.1. Canada Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
7.3.2. Canada Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Silicon Metal Market By Country
8.1. Europe Silicon Metal Overview
8.2. U.K.
8.2.1. U.K. Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.2.2. U.K. Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Germany
8.3.1. Germany Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.3.2. Germany Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. France
8.4.1. France Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.4.2. France Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.5. Spain
8.5.1. Spain Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.5.2. Spain Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.6.2. Rest of Europe Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Silicon Metal Market By Country
9.1. Asia Pacific Silicon Metal Market Overview
9.2. China
9.2.1. China Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.2.2. China Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.3. Japan
9.3.1. Japan Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.3.2. Japan Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.4. India
9.4.1. India Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.4.2. India Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.5. Australia
9.5.1. Australia Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.5.2. Australia Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.6.2. South Korea Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.7.2. Rest of Asia-Pacific Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Silicon Metal Market By Country
10.1. Latin America Silicon Metal Market Overview
10.2. Brazil
10.2.1. Brazil Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.2.2. Brazil Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.3.2. Mexico Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
CHAPTER 11. Middle East & Africa Silicon Metal Market By Country
11.1. Middle East & Africa Silicon Metal Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.2.2. Saudi Arabia Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. UAE
11.3.1. UAE Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.3.2. UAE Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Silicon Metal Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.4.2. Rest of Middle East & Africa Silicon Metal Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. PLAYER ANALYSIS OF SILICON METAL MARKET
12.1. Silicon Metal Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Silicon Metal Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Elkem ASA
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Elkem ASA 2019 Silicon Metal Business Regional Distribution
13.1.4. Product/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. RUSAL
13.3. Ferroglobe
13.4. The Dow Chemical Company
13.5. RIMA Group
13.6. Simcoa Operations Pty Ltd
13.7. Wacker Chemie AG
13.8. RW Silicium GmbH
13.9. Wynca Group
13.10. MINASLIGAS
13.11. Others
