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Valued at US$ 6.7 Bn in 2022, the worldwide Silicon Metal market is expected to grow to US$ 8.8 Bn by 2030, a CAGR of 5.4%.
Silicon metal plays a significant role in both the industrial and consumer markets since it is the starting point for so many different products. The primary application of silicon metal today is in the manufacturing of aluminium alloys. Components for cars and aeroplanes both benefit from the properties of aluminium alloys. Silicon boosts the alloy's strength, castability, and brittleness, expanding the variety of high-performance parts that can be made from it. Aluminum-based parts have become increasingly popular as lightweight alternatives to heavier steel or iron parts in automotive applications, driving up demand for silicon in the transportation sector. Another factor contributing to the rise in demand for silicon metal is the expanding range of uses for silicones. Silicone, a substance with many uses including sealants, lubricants, gaskets & seals, culinary additives, and cosmetics, is made from silicon metal. Solar cells and semiconductor wafers begin with polysilicon, a byproduct of silicon metal.
Grey and shiny, silicon metal, also known as industrial silicon, dissolves in hydrofluoric acid and alkalis. Silicones, silanes, aluminium alloys, solar cells, and integrated circuits all benefit from its presence in industrial production. Silicon metal is typically produced by the extremely energy-intensive method of smelting in submerged electrical arc furnaces. However, the material's viability in a variety of production processes is enhanced through refinement into several product grades. It can take on either an amorphous brown form or a crystalline dark form; both are allotropic. These characteristics make it a prime raw material for developing signal-boosting transistors.
Market expansion has been fueled by rising demand from semiconductor applications. In some conditions, silicon metal conducts electricity, but in others it functions as an insulator. Its ability to deliver the required conductive efficiency at regulated standards makes it a useful semiconductor in printed circuit boards (PCBs), integrated circuits (ICs), transistors, and other electrical devices. However, you'll need around 6 tonnes of raw materials, including 2.8 tonnes of quartz, 1.5 tonnes of reductants, and 1.5 tonnes of wood, to make just 1 tonne of silicon metal. Energy consumption is another major factor in the whole price, at over 13,000 Kwh per tonne of silicon metal. This means that the high cost of production is the main threat to the market's expansion.
The increasing demand for silicon in the solar industry is one of the main forces propelling development in the silicon metal market. Approximately 95% of all commercially available modules are made from silicon, a common semiconductor material used extensively in solar cells. Silicon cells are long-lasting, inexpensive, and energy-efficient. Moreover, rising global demand for renewable energy is anticipated to spur market expansion. The silicon metal market is anticipated to expand as a result of rising demand from the automotive sector. Aluminum-silicon alloy are increasingly employed in vehicle production due to their corrosion resistance, low wear rates, and low thermal expansion. High demand for silicon metals is being driven by the automotive industry's emphasis on reducing vehicle weight to improve fuel economy.
The car industry is feeling the effects of the silicon metal shortage caused by its strong demand in the semiconductor industry. The semiconductor scarcity, for example, which was anticipated to improve by mid-2022, is now likely to get worse. Russia's invasion on Ukraine will increase worldwide pressure on the semiconductor sector, as both Russia and Ukraine are suppliers of components used in semiconductor manufacture. This will lead to manufacturing limitations, supply shortages, and price increases for semiconductors.
Report Coverage
Global Silicon Metal research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Silicon Metal report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Silicon Metal competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Silicon Metal market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Silicon Metal market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Silicon Metal market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ferroglobe PLC, Elkem, Liasa, Mississipi Silicon, RIMA Industrial, Rusal, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd, PCC SE, Hoshine Silicon Industry Co. Ltd, Anyang Huatuo Metallurgy, Minasligas, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, and Dow
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Silicon Metal market based on the below-mentioned segments:
Global Silicon Metal Market, By Product Type
Metallurgical
Chemical
Global Silicon Metal market, By Application
Aluminum Alloys
Silicone
Semiconductors
Others
Global Silicon Metal market, Regional Analysis
Silicon metal plays a significant role in both the industrial and consumer markets since it is the starting point for so many different products. The primary application of silicon metal today is in the manufacturing of aluminium alloys. Components for cars and aeroplanes both benefit from the properties of aluminium alloys. Silicon boosts the alloy's strength, castability, and brittleness, expanding the variety of high-performance parts that can be made from it. Aluminum-based parts have become increasingly popular as lightweight alternatives to heavier steel or iron parts in automotive applications, driving up demand for silicon in the transportation sector. Another factor contributing to the rise in demand for silicon metal is the expanding range of uses for silicones. Silicone, a substance with many uses including sealants, lubricants, gaskets & seals, culinary additives, and cosmetics, is made from silicon metal. Solar cells and semiconductor wafers begin with polysilicon, a byproduct of silicon metal.
Grey and shiny, silicon metal, also known as industrial silicon, dissolves in hydrofluoric acid and alkalis. Silicones, silanes, aluminium alloys, solar cells, and integrated circuits all benefit from its presence in industrial production. Silicon metal is typically produced by the extremely energy-intensive method of smelting in submerged electrical arc furnaces. However, the material's viability in a variety of production processes is enhanced through refinement into several product grades. It can take on either an amorphous brown form or a crystalline dark form; both are allotropic. These characteristics make it a prime raw material for developing signal-boosting transistors.
Market expansion has been fueled by rising demand from semiconductor applications. In some conditions, silicon metal conducts electricity, but in others it functions as an insulator. Its ability to deliver the required conductive efficiency at regulated standards makes it a useful semiconductor in printed circuit boards (PCBs), integrated circuits (ICs), transistors, and other electrical devices. However, you'll need around 6 tonnes of raw materials, including 2.8 tonnes of quartz, 1.5 tonnes of reductants, and 1.5 tonnes of wood, to make just 1 tonne of silicon metal. Energy consumption is another major factor in the whole price, at over 13,000 Kwh per tonne of silicon metal. This means that the high cost of production is the main threat to the market's expansion.
The increasing demand for silicon in the solar industry is one of the main forces propelling development in the silicon metal market. Approximately 95% of all commercially available modules are made from silicon, a common semiconductor material used extensively in solar cells. Silicon cells are long-lasting, inexpensive, and energy-efficient. Moreover, rising global demand for renewable energy is anticipated to spur market expansion. The silicon metal market is anticipated to expand as a result of rising demand from the automotive sector. Aluminum-silicon alloy are increasingly employed in vehicle production due to their corrosion resistance, low wear rates, and low thermal expansion. High demand for silicon metals is being driven by the automotive industry's emphasis on reducing vehicle weight to improve fuel economy.
The car industry is feeling the effects of the silicon metal shortage caused by its strong demand in the semiconductor industry. The semiconductor scarcity, for example, which was anticipated to improve by mid-2022, is now likely to get worse. Russia's invasion on Ukraine will increase worldwide pressure on the semiconductor sector, as both Russia and Ukraine are suppliers of components used in semiconductor manufacture. This will lead to manufacturing limitations, supply shortages, and price increases for semiconductors.
Report Coverage
Global Silicon Metal research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Silicon Metal report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Silicon Metal competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Silicon Metal market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ferroglobe PLC, Elkem, Liasa, Mississipi Silicon, RIMA Industrial, Rusal, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd, PCC SE, Hoshine Silicon Industry Co. Ltd, Anyang Huatuo Metallurgy, Minasligas, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, and Dow |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Silicon Metal Market from 2021 to 2030.
- Market Forecast for Silicon Metal Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Silicon Metal competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Silicon Metal
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Silicon Metal market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Silicon Metal market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ferroglobe PLC, Elkem, Liasa, Mississipi Silicon, RIMA Industrial, Rusal, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd, PCC SE, Hoshine Silicon Industry Co. Ltd, Anyang Huatuo Metallurgy, Minasligas, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, and Dow
Primary Target Market
- Market Players of Silicon Metal
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Silicon Metal market based on the below-mentioned segments:
Global Silicon Metal Market, By Product Type
Metallurgical
Chemical
Global Silicon Metal market, By Application
Aluminum Alloys
Silicone
Semiconductors
Others
Global Silicon Metal market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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