Silicon Metal Market with COVID-19 Impact Analysis, By Product Type (Metallurgy Grade, and Chemical Grade), Application (Aluminum, Silicones, and Solar & Semiconductor), and By Region Size, Share & Forecast from 2022-2028
REPORT HIGHLIGHT
Silicon Metal Market size was valued at USD 6,077.9 Million in 2021, growing at a CAGR of 5.3% from 2022 to 2028.
Silicon metal is a semi-conductive metal that is grey and glossy that is used for the manufacture of Steel, solar cells, and microchips. The eighth-most frequent element in the cosmos and the second-most plentiful element in the earth's crust, respectively, is silicon. Silicon Metal finds application in silicon compounds and silicon wafers for use in electronic semiconductors, and photovoltaic solar cells in the chemical industry. The creation of aluminium alloys is another significant use of silicon metal. Due to the rising need for electronic products in many nations, the market for silicon metals surged in 2021. The market for silicon metal is anticipated to be driven by the rising use of phones, tablets, laptops, and other electronic devices during the projected period.
Market Dynamics
The market is anticipated to be driven by the rising global aluminium output. Aluminium is produced using a sizeable amount of silicon metal manufacturing. With a considerable increase in demand for aluminium anticipated following the COVID-19 crisis starting in 2021, the global aluminium output is anticipated to recover from the COVID-19 pandemic steadily. This will probably aid market expansion. With demand for 1,092 kilotons of silicon metal in 2019, China topped the world market. In the upcoming years, the market is anticipated to be driven by China's increasing solar and semiconductor industries as well as the presence of a sizable base for the production of aluminium alloys. Owing to the growing vehicle industry and increased global auto manufacturing, an increase in the demand for aluminium-silicon alloys is anticipated to cause an increase in silicon metal consumption. The market's expansion could be hampered by China's lower-than-average silicon production. Throughout the forecast period, efforts to lower production costs by advancing current technologies are anticipated to offer the market substantial growth prospects.
Segmentation Analysis:
The Global Silicon Metal Market is segmented on the basis of Product Type, Application, and Region.
The market is divided into two categories based on product type: Chemical and Metallurgy Grade. Of which, metallurgy category dominated the industry and accounted for more than 65% of total revenue share. The expansion of the silicon metal market is anticipated to be mostly unaffected by silicon metal price increases over the forecast period, despite silicon metal playing a significant part in the worldwide manufacturing chain.
The market is divided into three categories based on application: Aluminum, Silicones, Solar & Semiconductor. Aluminium dominated the market and accounted for more than 49.6% of total revenue. In the manufacture of aluminium, the product serves as an alloying and strengthening agent. Due to its lightweight qualities and capacity to minimise pollution, automotive aluminium is projected to see an increase in demand as a result of the strict emission rules imposed on manufacturers worldwide.
Competitive Landscape:
The global Silicon Metal industry is characterized by both international and local producers, making it a fairly competitive sector in the world. Over the past ten years, there have been an increasing number of Silicon Metal Market businesses, and investment has increased in recent years. On May 22, Wacker Chemie, a German chemical producer introduced a feasibility study for a new plan to expand silicon metal production capacity at its plant in Norway. In addition, in December 2021, Elkem received funding of NOK 16 million by the Norwegian Research Council in order to establish a silicon manufacturing model that eliminates direct CO2 emissions.
Key features of the study:
- This proposed research study on Silicon Metal Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Silicon Metal Market market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Silicon Metal Market market
- Impact of COVID-19 on Silicon Metal Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Silicon Metal Market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Silicon Metal Market market, we have also included competitive landscape and key innovator analysis for the Silicon Metal Market market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Silicon Metal Market market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Silicon Metal Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SILICON METAL MARKET KEY PLAYERS
- 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
- Dow
GLOBAL SILICON METAL MARKET, BY PRODUCT TYPE
- Metallurgy Grade
- Chemical Grade
GLOBAL SILICON METAL MARKET, BY APPLICATION
- Aluminum
- Silicones
- Solar & Semiconductor
GLOBAL SILICON METAL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Silicon Metal Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Market Snippet by Product Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Country
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. Silicon Metal Key Market Trends
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. Silicon Metal Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Silicon Metal Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Silicon Metal Market Landscape
6.1. Market Share Analysis, 2021
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Silicon Metal Market – By Product Type
7.1. Overview
7.1.1. Segment Share Analysis, By Product Type, 2021 & 2028 (%)
7.1.2. Metallurgy Grade
7.1.3. Chemical Grade
8. Silicon Metal Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2021 & 2028 (%)
8.1.2. Aluminum
8.1.3. Silicones
8.1.4. Solar & Semiconductor
9. Silicon Metal Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
1.1.1.1. Canada Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
1.1.1.2. Canada Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
10. Key Vendor Analysis
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Ferroglobe PLC
10.2.2. Elkem
10.2.3. Liasa
10.2.4. Mississipi Silicon
10.2.5. RIMA Industrial
10.2.6. Rusal
10.2.7. Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
10.2.8. PCC SE
10.2.9. Hoshine Silicon Industry Co. Ltd
10.2.10. Anyang Huatuo Metallurgy
10.2.11. Minasligas
10.2.12. Wacker Chemie AG
10.2.13. Shin-Etsu Chemical Co. Ltd
10.2.14. Dow
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us