Silicon metal size Global Market Report 2024

Silicon metal, a metallically glossy metalloid, is a semi-conductive material utilized in its pure form. Its applications span diverse industries, including steel manufacturing, solar cell production, and microchip fabrication, owing to its unique properties.

The production categorizations for silicon metal comprise metallurgical grade and chemical grade. Metallurgical silicon, also recognized as silicon metal, is obtained as a by-product through a purification process involving heat and a reducing agent. This metallurgical-grade silicon finds its use in various sectors such as aluminum alloys, semiconductor manufacturing, solar panel technology, stainless steel production, and others.

The silicone metal size market research report is one of a series of new reports from The Business Research Company that provides silicone metal size market statistics, including silicone metal size industry global market size, regional shares, competitors with a silicone metal size market share, detailed silicone metal size market segments, market trends and opportunities, and any further data you may need to thrive in the silicone metal size industry. This silicone metal size market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The silicon metal size market size has grown rapidly in recent years. It will grow from $21.21 billion in 2023 to $24.8 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The historic growth can be attributed to factors including increased demand within the electronics industry, industrialization trends, utilization within the energy sector, global economic conditions, and government policies and regulations.

The silicon metal size market size is expected to see rapidly grown in the next few years. It will grow to $43.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The anticipated growth in the forecast period is linked to several factors such as the expansion of renewable energy, urbanization and infrastructure development, initiatives promoting environmental sustainability, geopolitical factors, and the evolution of consumer electronics. Key trends in this period encompass advancements in energy storage, integration within the automotive sector, technological innovations related to silicon production, global industrialization and urbanization, and an emphasis on high-purity silicon.

The surge in demand for electric vehicles is anticipated to be a driving force behind the growth of the silicon metal market. Silicon metal plays a crucial role in ensuring the efficiency, durability, and thermal characteristics required for these vehicles, enabling enhanced battery-specific volume and energy density. As per the International Energy Agency's records from May 2022, the sales of electric cars, including hybrids, hit a record of 6.6 million units in 2021, nearly doubling from previous figures. This upsurge in demand for electric vehicles directly contributes to the expanding silicon metal market.

The increasing adoption of renewable energy sources is poised to bolster the silicon metal market. This market sees significant demand due to its vital role in renewable energy systems like solar panels, where it functions as a pivotal component in photovoltaic cells for harnessing solar energy. Reports from the International Energy Agency in December 2021 highlighted predictions of renewables constituting around 95% of the global power capacity augmentation by 2026. Solar photovoltaics are projected to lead this expansion, accentuating the growing need for silicon metal.

Technological advancements form a prominent trend in the silicon metal market. Companies within this sector are embracing new technologies to maintain their market positions. For example, Dow, a US-based chemical manufacturer, introduced the SILASTIC SA 994X Liquid Silicone Rubber series in January 2023. This specialized rubber is designed for various automotive applications, offering properties such as self-adhesion, self-lubrication, and durable performance under heat and humidity conditions.

Key players in the silicon metal market are adopting strategic Memorandums of Understanding (MOUs) to establish comprehensive solar supply chains. An illustration is the partnership between Ferroglobe PLC and Rec Silicon in June 2022. Through this MOU, they aim to create a holistic solar supply chain, leveraging Ferroglobe's technical expertise and Rec Silicon's high-purity silicon materials. These collaborations are instrumental in shaping a robust and complete solar supply chain.

In February 2023, indie Semiconductor, a US-based innovator in Autotech solutions, acquired Silicon Radar GmbH for an undisclosed sum. This strategic acquisition aims to accelerate product roadmap development, supplementing previous acquisitions of radar divisions from Analog Devices and ON Semi. It seeks to reinforce technological leadership specifically in automotive radar applications, broaden market presence, offer more cost-effective solutions, reduce time to market, and capitalize on the growing global market for radar semiconductors. Silicon Radar GmbH, based in Germany, specializes in designing and delivering silicon chips for electronic and electrical appliances.

Major companies operating in the silicon metal size market report are Ferroglobe PLC, DuPont de Nemours Inc., Elkem ASA, Wacker Chemie AG, Hoshine Silicon Industry, Shin-Etsu Chemical Co. Ltd., Anyang Wanhua Metal Material Co. Ltd., United Co RUSAL International PJSC, Library and Information Association of South Africa, Mississippi Silicon LLC, Henan Aloy New Material Co. Ltd., Rima Group, Zhejiang Kaihua Huantong Silicon Industry, Infineon Technologies AG, ST Microelectronics NV, Fuji Electric Co. Ltd., PCC SE, Simcoa Operations Pty. Ltd., China National BlueStar (Group) Co. Ltd., RW Silicium GmbH, Minasligas SA, Globe Specialty Metals Inc., FerroPem SASU, Silicon Metal Industries, The Quartz Corp., Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd., Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation .

Asia-Pacific was the largest region in the silicone metal size market in 2023 and is expected to be the fastest-growing region in the silicon metal size market report during the forecast period. The regions covered in the silicon metal size market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the silicon metal size market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silicon metal size market consists of sales of silicone computer chips, silicon solar cells, ceramics, and transistors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Silicon metal size Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on silicon metal size market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for silicon metal size? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The silicon metal size market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Production: Metallurgy Grade; Chemical Grade
• 2) By Application: Aluminum Alloys; Semi-Conductors; Solar Panels; Stainless Steel; Other Applications
• Companies Mentioned: Ferroglobe plc; DuPont de Nemours Inc.; Elkem ASA; Wacker Chemie AG; Hoshine Silicon Industry
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.