Global Silicon Metal Market Grows at 5.4% CAGR, Fueled by Solar and Automotive Industries

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Oct 04, 2023, 11:15 ET

DUBLIN, Oct. 4, 2023 /PRNewswire/ -- The "Global Silicon Metal Market Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.

The report provides a comprehensive analysis of the potential of Silicon Metal Market in the world. The report covers an overview and genesis of the industry, market size in terms of volume (in kilo tons).

The report has market segmentation which include segments by product type, by application, by geography; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to publisher estimates, the Market Size of Global Silicon Metalhas shown increasing trend from 2017 to 2022. However, the outbreak of coronavirus had a marginal impact on the global market for silicon metal. Major economies' unexpected operations halt negatively influenced economic growth and changed consumer purchasing habits. Market Size of Global Silicon Metal is expected to show increasing trend from 2022 to 2027 at CAGR of 5.4%. This is owing to demand from solar and automotive industry along with some government initiatives.

Various developments by key players of the market and significant investments in research and development activities that further enhance product applications extend profitable opportunities to market players from 2022 to 2029.

Additionally, the increasing attention of manufacturers towards sustainability and cost-efficiency will encourage inventors to find more creative and economical ways to produce silicon, which will further expand the future growth of the silicon metal market.

Key Trends by Market Segment:

By Product Type: Metallurgy grade is the highest contributor in silicon metal market from 2017 to 2022 by product type due to its usage in manufacturing steel, solar cells, and microchips.

By Application: Aluminum alloy is the major area where silicon metal is utilized. Over recent years, there has been an increasing demand for silicon from the aluminum industry to improve the strength of aluminum.

Competitive Landscape:
Future Outlook:

The market is expected to grow at a CAGR of 5.4% from 2022 to 2028. Various developments by key players of the market and significant investments in research and development activities that further enhance product applications extend profitable opportunities to market players from 2022 to 2029. Additionally, the increasing attention of manufacturers towards sustainability and cost-efficiency will encourage inventors to find more creative and economical ways to produce silicon, which will further expand the future growth of the silicon metal market.

Key Topics Covered:

1. Executive Summary
1.1 Executive Summary: Global Silicon Metal Market

2. Global Silicon Metal Market Size and Segmentation, 2017-2022
2.1 Taxonomy of Global Silicon Metal Market
2.2 Industry Value Chain Analysis
2.3 Ecosystem of Global Silicon Metal Market
2.4 Government Regulations/Initiatives for Global Silicon Metal Market
2.5 Growth Drivers of Global Silicon Metal Market
2.6 Issues and Challenges of Global Silicon Metal Market
2.7 Impact of COVID-19 on Global Silicon Metal Market
2.8 Market Sizing of Global Silicon Metal Market, 2017-2022
2.9 Global Segmentation by Product Type, 2017 to 2022
2.10 Global Segmentation by Application, 2017 to 2022
2.11 Global Silicon Metal Market Segmentation by Region, 2022
2.12 Regional Market Growth Drivers
2.13 Regional Segmentation Split by Product, 2017 and 2022
2.14 Regional Segmentation Split by Application, 2017 and 2022

3. Regional Analysis of Asia Pacific Silicon Metal Market
3.1 Asia Pacific Silicon Metal Market Overview
3.2 Market Sizing of Asia Pacific Silicon Metal Market, 2017-2028
3.3 Asia Pacific Silicon Metal Market Regional Spilt, 2017-2028

4. Regional Analysis of Europe Silicon Metal Market
4.1 Europe Silicon Metal Market Overview
4.2 Market Sizing of Europe Silicon Metal Market, 2017-2028
4.3 Europe Silicon Metal Market Regional Spilt, 2017-2028

5. Regional Analysis of North America Silicon Metal Market
5.1 North America Silicon Metal Market Overview
5.2 Market Sizing of North America Silicon Metal Market, 2017-2028
5.3 North America Silicon Metal Market Regional Spilt, 2017-2028

6. Regional Analysis of MEA Silicon Metal Market
6.1 MEA Silicon Metal Market Overview
6.2 Market Sizing of MEA Silicon Metal Market, 2017-2028
6.3 MEA Silicon Metal Market Regional Spilt, 2017-2028

7. Regional Analysis of South America Silicon Metal Market
7.1 South America Silicon Metal Market Overview
7.2 Market Sizing of South America Silicon Metal Market, 2017-2028
7.3 South America Silicon Metal Market Regional Spilt, 2017-2028

8. Competition Analysis of Global Silicon Metal Market
8.1 Gartner Magic Quadrant
8.2 Porter's Five Forces Analysis of Global Silicon Metal Market
8.3 Trends and Developments of Global Silicon Metal Market

9. Company Profiles of Major Players in Global Silicon Metal Market
9.1 Company Profile of RusAL
9.2 Company Profile of Dow
9.3 Company Profile of Elkem ASA
9.4 Company Profile of Shin-Etsu Chemical Co., Ltd.
9.5 Company Profile of LIASA
9.6 Company Profile of Rima Industrial
9.7 Company Profile of Anyang Wanhua Metal Material Co. Ltd.
9.8 Company Profile of Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
9.9 Company Profile of Hoshine Silicon Industry Co., Ltd
9.10 Company Profile of Ferroglobe

10. Future Outlook and Projections of Silicon Metal Market
10.1 Market Sizing of Global Silicon Metal Market, 2022-2028
10.2 Segmentation by Product Type, 2022 to 2028
10.3 Segmentation by Application, 2022 to 2028
10.4 Silicon Metal Market by Region, 2028
10.5 Regional Market Growth Drivers
10.6 Regional Segmentation Split by Product, 2022 and 2028
10.7 Regional Segmentation Split by Application, 2022 and 2028

11. Analyst Recommendations
11.1 Reducing the Cost of Production
11.2 Opportunity in Electric Vehicle
11.3 Partnerships of Silicon Metal Market
11.4 Leading Player Strategy in Silicon Metal Market

12. Research Methodology
12.1 Market Definitions
12.2 Abbreviations Used
12.3 Market Sizing Approach
12.4 Consolidated Research Approach
12.5 Sample Size Inclusion
12.6 Research Limitations and Future

13. Conclusion

14. Disclaimer

15. Contact the Publisher

A selection of companies mentioned in this report includes

Dow
Cree
Ferro globe
Rusal
Elkem
Wacker
Hoshine
EGA
Liasa
Minasligas
Infineon
Toshiba
Wanhua Metal

For more information about this report visit https://www.researchandmarkets.com/r/co7kga

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