Silicon Metal Market to be Worth US$3.4 Billion by 2024: TMR

Silicon metal is derived from quartz, globally it market is highly consolidated and is led by a handful of multinational companies. Transparency Market Research in its report revealed that this has compelled players to focus on product differentiation as well as supply chain integration in order to survive this challenging vendor landscape.

The report states that rising demand for solar panels and in turn silicon metal in North America, Europe, and emerging economies of Asia Pacific will offer immense opportunities for manufacturers during the forecast period. “An increasing number of manufacturers today have silicon metal manufacturing assets, quart mining units, and even produce downstream products so as to establish a strong foothold in the silicon metal market,” said an analyst at TMR.

Key applications of silicon metal include aluminum alloys, silicones/silanes, semiconductors, solar panels, and others (laboratory reagents, etc.)

Dow Corning Corporation, for instance, has been successfully performing mergers and acquisitions in the silicon metal market to establish an integrated and low-cost-intensive supply chain. Over the years, the company has acquired the silicon manufacturing assets of different companies and this has enabled it to not only provide efficiency and stability to its business operations but also integrate these operations.

Giving another instance of Wynca Group, TMR said strong technical support network and research and development activities through the Organic Research Institute has helped the company develop newer applications of silicon in the downstream segment.

The report analyzes and forecasts the market for silicon metal at the global and regional level. TMR notes that market forecast is based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The report includes drivers and restraints of the global silicon metal market and covers impact of these drivers and restraints on demand for silicon metal during the forecast period. Additionally, detailed value chain analysis, which provides a comprehensive view of the global silicon metal market and Porter’s Five Forces model for the silicon metal market has also been included to help understand the competitive landscape in the market.

The study highlights opportunities in the silicon metal market at the global and regional level. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

It provides a decisive view of the global silicon metal market by segmenting it in terms of application such as aluminum alloys, silicones/silanes, semiconductors, solar panels, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for silicon metal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for applications of silicon metal in all the regions.

The report provides the estimated market size of silicon metal for 2016 and forecast for the next eight years. The global market size of silicon metal has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key applications of silicon metal. Market size and forecast for products and applications have been provided in terms of global and regional markets.

In order to compile the research report, TMR conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, GUNTHER Portfolio, REN21, Forbes, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

The report comprises profiles of major companies operating in the global silicon metal market. Key players profiled in the report include China National Bluestar (Group) Co, Ltd., Dow Corning Corporation, MINASLIGAS, RW silicium GmbH, Simcoa Operations Pty Ltd, Wacker Chemie AG, Ferroglobe PLC, and Yunnan Yongchang Silicon Industry Co., Ltd. The companies have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.