Global Silicon Metal Market – Industry Trends and Forecast to 2030

Global Silicon Metal Market Global Silicon Metal, By Product Type (Metallurgy Grade, Chemical Grade), Application (Aluminum Alloys, Semiconductors, Solar Panels, Stainless Steel, Other Applications) – Industry Trends and Forecast to 2030.

Silicon Metal Market Analysis and Size     

According to OICA, output of automobiles increased by 3% from 2020 to 80,145,988 units in 2021. Making cars more fuel efficient and reducing greenhouse gas emissions are top priorities for automakers. The aluminium silicon alloy is the best choice for addressing these criteria because of its resistance to corrosion, low wear rates, and minimal thermal expansion. As a result, the demand for aluminium silicon alloys will rise along with the manufacturing of automobiles, which would further increase the demand and supply for the global silicon metals market.

Data Bridge Market Research analyses that the global silicon metal market was valued at USD 7.25 billion in 2022, and is expected to reach the value of USD 10.79 billion by 2030, at a CAGR of 5.10% during the forecast period of 2023 to 2030. “Metallurgy grade” dominates the product type segment of the global silicon metal market due to increasing attention of manufacturers towards sustainability and cost-efficiency. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Silicon Metal Market Scope and Segmentation

Market Definition

Silicon metal is basically a refined version of silica by thermally reducing quartz in a Submerged Arc Furnace (SAF) together with a reducing chemical. Metal silicon and industrial silicon are other names for it. Calcium, iron, and aluminum make up the majority of its chemical make-up. Metallic silicon can be classified into many classes, including 553, 441, 411, 421, 3303, and so on, depending on its Fe, Al, and Ca content.

Global Silicon Metal Market Dynamics

Drivers

• High Usage of Silicon Metal

The silicon metal serves as the foundation for many items; therefore, the industrial and consumer sectors depend heavily on it. The majority of silicon metal produced today goes toward making aluminum alloys, accounting for most of the total production. Both automotive and aeronautical products are made from aluminum alloys. The addition of silicon increases the alloy's strength, cast ability, and brittleness, enabling it to be used for a wider variety of high-performance components. The usage of aluminum-based materials as substitutes for heavier steel or iron parts in automotive applications has increased, which has resulted in a large increase in silicon demand in the transportation industry. As a result, the global silicon metal market is projected to have an accelerated growth over the forecast period.

• Presence of Large Aluminium Alloy Manufacturing base

The presence of a large aluminum alloy manufacturing base will further propel the silicon metal market growth rate. In addition, the expanding solar and semiconductor industry will also drive market value growth. Silicon metal is a great insulator in controlled conditions and offers the necessary conductive efficiency. The market is expanding due to a growing concentration of defense and aerospace elastomers business owners and other industry experts on enhancing the technologies made possible by incorporating silicon metal. The lightweight aircraft trend, which will further affect business emergence during the projection period, is what is driving the silicon metal industry's booming market. The expansion of the building and construction industry is also further projected to bolster the growth of the market.

Opportunity

• Developments and Increasing Strategies by Manufacturers

The developments by market players and significant investments in research and development activities that further enhance product applications extend profitable opportunities to market players from 2023 to 2030. In addition, 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 global silicon metal market.

Restraint/Challenge

• High Costs and Working Capital

The SAF's energy needs take up a sizable percentage of working capital. In addition, labor and transportation expenses drive up the cost of production. The energy-intensive purifying procedure needed to produce silicon metal makes it a very energy-intensive product. A feedstock such as coal, quartz, natural gas or oil, and electrodes are needed for the production of silicon metal. As a result, the silicon metal market's expansion is constrained by the silicon metal's high production costs.

This global silicon metal market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global silicon metal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2020, Elkem ASA has now finalised the previously announced acquisition of Polysil, a renowned Chinese silicone elastomer and resins material firm. In addition to silicone products for electronics and medical uses, Polysil is a world leader in silicones for baby care and food-grade applications. Polysil and Elkem's complementing product and market positions offer a strong platform for further specialisation and expansion in China and internationally

Global Silicon Metal Market Scope

The global silicon metal market is on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Metallurgy Grade
• Chemical Grade

Application

• Aluminum Alloys
• Semiconductors
• Solar Panels
• Stainless Steel
• Other Applications

Global Silicon Metal Market Regional Analysis/Insights

The global silicon metal market is analysed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the global silicon metal market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific dominates the global silicon metal market in terms of market share and revenue, due to the region's market growth and can be attributed to the region's growing demand for silicon from various industries.

North America is expected to experience profitable growth and become the fastest growing region in the global silicon metal market during the forecast period of 2023 to 2030, due to owing to increased investments in the region's production of mobile phones, laptop computers, and other electrical appliances.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Silicon Metal Market Share Analysis

The global silicon metal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global silicon metal market.

Some of the major players operating in the global silicon metal market are:

• Infineon Technologies AG (Germany)
• Cree, Inc. (U.S.)
• ROHM Co., Ltd. (Japan)
• Microsemi (U.S.)
• STMelectronics (Switzerland)
• Fuji Electric Co., Ltd.  (Japan)
• Semiconductor Components Industries, LLC (U.S.)
• General Electric (U.S.)
• Toshiba Corporation (Japan)
• Renesas Electronics Corporation (Japan)
• Microchip Technology Inc.,(U.S)
• Grindwell Norton Limited (India)
• Dow (U.S.)
• CUMI (India)
• Entegris (U.S.)