Silicon Metal Market size to grow by USD 2,034.25 million from 2022 to 2027, Increase in demand for aluminum-silicon alloys to boost the market growth - Technavio

NEW YORK, June 1, 2023 /PRNewswire/ -- The global silicon metal market size is estimated to increase by USD 2,034.25 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.01% during the forecast period. An increase in demand for aluminum-silicon alloys notably drives the silicon metal market growth. These alloys witness a significant increase in demand from the automotive and transportation industries. They are popular because they offer a unique combination of desirable properties, such as the casting of complex shapes combined with a good strength-to-weight ratio, which gives these materials advantages over cast iron, lower density, and better mechanical properties. Aluminum silicon alloys are used in the production of sheet metal and wire for welding and brazing, and some of the piston alloys are extruded for forging materials. Hence, such factors drive market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and forecast (2023-2027) before buying the full report -Request a sample report

Silicon metal market – Vendor Analysis
Vendor Landscape - The global silicon metal market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer silicon metal in the market are Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe Plc, Henan Star Metallurgy Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Ligas de Aluminio S.A., Minasligas, Mississippi Silicon, Ningxia Darshan Silicon Industry Co. Ltd., PCC SE, RIMA INDUSTRIAL, RW silicium GmbH, Shin Etsu Chemical Co. Ltd., Simcoa Operations Pty Ltd., United Company RUSAL, Wacker Chemie AG, Westbrook Resources Ltd., Wynca Group, and Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. and others.

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Dow Inc. - The company offers silicon metal solutions to industries such as automotive, building and construction, personal care, electronics, and lighting. 
• Elkem ASA - The company offers silicon metal solutions. 
• Ferroglobe Plc - The company offers chemical and metallurgical grade silicon metal products. 
• For details on the vendor and their offerings – Request a sample report

Silicon Metal Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (metallurgy grade and chemical grade), application (aluminum alloys, semiconductors, solar panels, stainless steel, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth by the metallurgy grade segment will be significant for overall market growth during the forecast period. Metallurgical silicon metal is used to make other alloys including magnesium and titanium alloys. These alloys are used in various industries such as construction and aerospace. Other than its use in metallurgical applications, metallurgical silicon metal is also used in the production of silicone compounds used in various industries such as healthcare, personal care, and electronics. Furthermore, the high purity of metal silicon metal makes it suitable for use in applications where purity is of the utmost importance. Hence, such factors drive segment growth during the forecast period.

Geography Overview
By geography, the global silicon metal market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global silicon metal market.

• APAC is estimated to account for 43% of the global market growth during the forecast period. The demand for silicon metal in the Asia-Pacific region can be attributed to factors such as optimistic economic growth, the ready availability of raw materials, cheap labor, and electricity costs. Moreover, the region witnesses the emergence of government policies aimed at increasing domestic energy production through solar panels. Furthermore, countries such as India and China increasingly witness rapid growth in the construction sector. This drives the demand for silicon metal, further supporting the expansion of the silicon metal market in the Asia-Pacific region. 

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Silicon Metal Market – Market Dynamics

Key Trends - 

• Investment opportunities in the emerging market are an emerging trend in the silicon metal market growth. 
• Companies developing and implementing innovative production processes such as plasma technology can offer attractive investment prospects.
• But it is important to note that, like all investments, investing in the silicon metals market involves risk and investors should perform thorough research and analysis before making any investment decision. This, in turn, increases the demand for the silicon metal market during the forecast period.
• Hence, trends such as companies focusing on efficient and sustainable production methods, and technological advances drive the market demand during the forecast period.

Major challenges - 

• The high production cost of silicon metal challenges the silicon metal market growth during the forecast period.
• Quartz and carbon are some of the basic raw materials used to make silicon metal. These are similar to those used to make ferrosilicon. But a high level of purity is required to meet silicon manufacturing requirements and certain impurities, such as iron, are difficult to remove once they enter the furnace, which significantly affects the production of silicon metal.
•  Quartz is considered to be of good quality if the iron content in it is significantly lower than the quartz used for ferrosilicon.
• Along with the importance of chemical purity, other physical parameters have a significant impact on furnace function and efficiency. Resultantly, the supply of high-quality quartz has been a strategic factor in silicon production.
• Hence, such challenges impede market growth of silicon metal during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Silicon Metal Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the silicon metal market between 2023 and 2027
• Precise estimation of the size of the silicon metal market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the silicon metal market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of silicon metal market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global silicon metal market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global silicon metal market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Metallurgy grade - Market size and forecast 2022-2027
• Exhibit 34: Chart on Metallurgy grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Metallurgy grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Metallurgy grade - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Metallurgy grade - Year-over-year growth 2022-2027 (%)

• 6.4 Chemical grade - Market size and forecast 2022-2027
• Exhibit 38: Chart on Chemical grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Chemical grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Chemical grade - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Chemical grade - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Aluminum alloys - Market size and forecast 2022-2027
• Exhibit 48: Chart on Aluminum alloys - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Aluminum alloys - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Aluminum alloys - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Aluminum alloys - Year-over-year growth 2022-2027 (%)

• 7.4 Semiconductors - Market size and forecast 2022-2027
• Exhibit 52: Chart on Semiconductors - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Semiconductors - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Semiconductors - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Semiconductors - Year-over-year growth 2022-2027 (%)

• 7.5 Solar panels - Market size and forecast 2022-2027
• Exhibit 56: Chart on Solar panels - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Solar panels - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Solar panels - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Solar panels - Year-over-year growth 2022-2027 (%)

• 7.6 Stainless steel - Market size and forecast 2022-2027
• Exhibit 60: Chart on Stainless steel - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Stainless steel - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Stainless steel - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Stainless steel - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 68: Market opportunity by Application ($ million)
• Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027
• Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Russia - Market size and forecast 2022-2027
• Exhibit 107: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.12 US - Market size and forecast 2022-2027
• Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Anyang Wanhua Metal Material Co. Ltd.
• Exhibit 123: Anyang Wanhua Metal Material Co. Ltd. - Overview
• Exhibit 124: Anyang Wanhua Metal Material Co. Ltd. - Product / Service
• Exhibit 125: Anyang Wanhua Metal Material Co. Ltd. - Key offerings

• 12.4 Dow Inc. 
• Exhibit 126: Dow Inc. - Overview
• Exhibit 127: Dow Inc. - Business segments
• Exhibit 128: Dow Inc. - Key news
• Exhibit 129: Dow Inc. - Key offerings
• Exhibit 130: Dow Inc. - Segment focus

• 12.5 Elkem ASA 
• Exhibit 131: Elkem ASA - Overview
• Exhibit 132: Elkem ASA - Business segments
• Exhibit 133: Elkem ASA - Key offerings
• Exhibit 134: Elkem ASA - Segment focus

• 12.6 Ferroglobe Plc 
• Exhibit 135: Ferroglobe Plc - Overview
• Exhibit 136: Ferroglobe Plc - Business segments
• Exhibit 137: Ferroglobe Plc - Key offerings
• Exhibit 138: Ferroglobe Plc - Segment focus

• 12.7 Hoshine Silicon Industry Co. Ltd. 
• Exhibit 139: Hoshine Silicon Industry Co. Ltd. - Overview
• Exhibit 140: Hoshine Silicon Industry Co. Ltd. - Product / Service
• Exhibit 141: Hoshine Silicon Industry Co. Ltd. - Key offerings

• 12.8 Ligas de Aluminio S.A. 
• Exhibit 142: Ligas de Aluminio S.A. - Overview
• Exhibit 143: Ligas de Aluminio S.A. - Product / Service
• Exhibit 144: Ligas de Aluminio S.A. - Key offerings

• 12.9 Minasligas 
• Exhibit 145: Minasligas - Overview
• Exhibit 146: Minasligas - Product / Service
• Exhibit 147: Minasligas - Key offerings

• 12.10 Mississippi Silicon 
• Exhibit 148: Mississippi Silicon - Overview
• Exhibit 149: Mississippi Silicon - Product / Service
• Exhibit 150: Mississippi Silicon - Key offerings

• 12.11 RIMA INDUSTRIAL 
• Exhibit 151: RIMA INDUSTRIAL - Overview
• Exhibit 152: RIMA INDUSTRIAL - Product / Service
• Exhibit 153: RIMA INDUSTRIAL - Key offerings

• 12.12 RW silicium GmbH 
• Exhibit 154: RW silicium GmbH - Overview
• Exhibit 155: RW silicium GmbH - Product / Service
• Exhibit 156: RW silicium GmbH - Key offerings

• 12.13 Simcoa Operations Pty Ltd. 
• Exhibit 157: Simcoa Operations Pty Ltd. - Overview
• Exhibit 158: Simcoa Operations Pty Ltd. - Product / Service
• Exhibit 159: Simcoa Operations Pty Ltd. - Key offerings

• 12.14 United Company RUSAL 
• Exhibit 160: United Company RUSAL - Overview
• Exhibit 161: United Company RUSAL - Business segments
• Exhibit 162: United Company RUSAL - Key offerings
• Exhibit 163: United Company RUSAL - Segment focus

• 12.15 Wacker Chemie AG 
• Exhibit 164: Wacker Chemie AG - Overview
• Exhibit 165: Wacker Chemie AG - Business segments
• Exhibit 166: Wacker Chemie AG - Key offerings
• Exhibit 167: Wacker Chemie AG - Segment focus

• 12.16 Westbrook Resources Ltd. 
• Exhibit 168: Westbrook Resources Ltd. - Overview
• Exhibit 169: Westbrook Resources Ltd. - Product / Service
• Exhibit 170: Westbrook Resources Ltd. - Key offerings

• 12.17 Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd.
• Exhibit 171: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Overview
• Exhibit 172: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Product / Service
• Exhibit 173: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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