Global Silicon Metal Market by Application (Solar & Semiconductor, Aluminum, Silicones) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global silicon metal market was valued at USD 6.05 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 4.6%) between 2020 and 2027. The increasing production of aluminum worldwide is expected to drive the market. Aluminum production is dependent on a large portion of the world's silicon metal output. Global aluminum production is expected to rebound from the COVID-19 pandemic. A significant increase in aluminum demand from the construction and building industry will be seen after 2021. This will likely benefit market growth. China was the dominant market for silicon metals, with a demand of 1,092 kilogramons in 2019. Market growth is expected to be driven by China's expanding semiconductor and solar industry.
The main use of silicon metal is in the production and processing of aluminum alloys for automobiles. China's automotive industry will experience a sharp decline in 2020 due to sluggish demand, disruptions to supply chains and COVID-19. However, favorable policies regarding hybrid vehicles which contain a higher percentage of aluminum alloys per weight are expected to encourage industry growth in the near term.
The Chinese government's strong efforts to boost the growth of the solar sector are expected to increase demand for silicon metal in the future. China's government has developed a comprehensive plan for developing an "ecological civilization", where solar energy will play an important part in reducing pollution and fossil fuel use.
Application Insights
Aluminum was the dominant market player and represented more than 40% of the total revenue in 2019. It is used in the manufacture of aluminum as an alloying agent and strengthener. Because of its light weight and ability to reduce emissions, the stringent pollution standards for automakers around the world will likely drive demand for aluminum. The segment will be driven by this pressure over the next few years.
A significant portion of total silicon metal production goes to the production and sale of silicones. Silicones can be described as man-made polymers that are used in a variety of industries such as healthcare, building and construction, automotive, transportation and automotive. This segment is expected to grow because of the rising demand for silicones, particularly in developing countries.
From 2020 to 2027, the segment of solar and semiconductor applications is expected to experience the fastest revenue-based CAGR at 5.2%. Silicon metal is used to produce polycrystalline silicon. This is an essential raw material that is needed for both the production and maintenance of photovoltaic cells in the solar industry as well as semiconductors for electronics.
Regional Insights
Asia Pacific was the dominant market, accounting for 38.3% of total revenue in 2019. This is due to China's large silicon and aluminum production base. China is also the world's largest producer of silicon metal. China exports a significant portion of its production because China's market is so oversupplied. However, exports have been declining in recent years due to strong domestic demand.
Unlike other regions where aluminum production is the largest end-use sector for the product, Europe's silicon metal market is dominated by the silicone industry. Europe is the main producer of silicones. This means that there is significant demand from European silicone producers.
North America is projected to grow at 3.6% in terms of revenue between 2020 and 2027. The pandemic has also severely affected the aluminum industry. The long-term driver of the market will be electric vehicles' increasing penetration.
The industry is expected to grow in the Middle East and Africa due to the increasing adoption of solar energy. In March 2018, the announcement of a new Saudi Arabian solar photovoltaic plant was made. It is the largest in the world and has an installed capacity that equals the entire 2015 world. It is expected that the project will be completed by 2030. These initiatives are expected to be fruitful for market growth in the future.
Market Share Insights & Key Companies
China's market is fragmented, but the rest of the world is well-consolidated and dominated only by a handful of large players. Elkem ASA, Dow DuPont and Ferroglobe Plc are some of the leading players in this market. Ferroglobe is the global leader in silicon metal production capacity. The company's annual capacity was 341 kilotons.
For increased sales, the market players are expected to target solar industry. Because polysilicon is the most popular form of solar energy, it is likely that this will be the global energy choice. It is easy to install and grid-parity. Suppliers face significant challenges due to fluctuating silicon prices as well as reduced margins due to oversupply. The silicon metal market is dominated by the following players:
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Ferroglobe Plc
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Dow DuPont
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Elkem ASA
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RIMA Group
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Rusal
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LIASA
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Wacker Chemie AG
Up Market Research published a new report titled “Silicon Metal Market research report which is segmented by Application (Solar & Semiconductor, Aluminum, Silicones), By Players/Companies Dow DuPont, Elkem ASA, RIMA Group, Rusal, Wacker Chemie AG, Ferroglobe Plc, LIASA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Silicon Metal Market Research Report |
| By Application | Solar & Semiconductor, Aluminum, Silicones |
| By Companies | Dow DuPont, Elkem ASA, RIMA Group, Rusal, Wacker Chemie AG, Ferroglobe Plc, LIASA |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 245 |
| Number of Tables & Figures | 172 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Silicon Metal Market Report Segments:
The market is segmented by Application (Solar & Semiconductor, Aluminum, Silicones).
Silicon Metal Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Silicon Metal Market
Overview of the regional outlook of the Silicon Metal Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Silicon Metal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Silicon Metal Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Solar & Semiconductor
2. Aluminum
3. Silicones
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silicon Metal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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Reasons to Purchase the Silicon Metal Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicon Metal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicon Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicon Metal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicon Metal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicon Metal Market Size & Forecast, 2018-2028
4.5.1 Silicon Metal Market Size and Y-o-Y Growth
4.5.2 Silicon Metal Market Absolute $ Opportunity
Chapter 5 Global Silicon Metal Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Silicon Metal Market Size Forecast by Application
5.2.1 Solar & Semiconductor
5.2.2 Aluminum
5.2.3 Silicones
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Silicon Metal Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Silicon Metal Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Silicon Metal Analysis and Forecast
8.1 Introduction
8.2 North America Silicon Metal Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Silicon Metal Market Size Forecast by Application
8.6.1 Solar & Semiconductor
8.6.2 Aluminum
8.6.3 Silicones
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Silicon Metal Analysis and Forecast
9.1 Introduction
9.2 Europe Silicon Metal Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Silicon Metal Market Size Forecast by Application
9.6.1 Solar & Semiconductor
9.6.2 Aluminum
9.6.3 Silicones
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Silicon Metal Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Silicon Metal Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Silicon Metal Market Size Forecast by Application
10.6.1 Solar & Semiconductor
10.6.2 Aluminum
10.6.3 Silicones
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Silicon Metal Analysis and Forecast
11.1 Introduction
11.2 Latin America Silicon Metal Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Silicon Metal Market Size Forecast by Application
11.6.1 Solar & Semiconductor
11.6.2 Aluminum
11.6.3 Silicones
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Silicon Metal Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Silicon Metal Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Silicon Metal Market Size Forecast by Application
12.6.1 Solar & Semiconductor
12.6.2 Aluminum
12.6.3 Silicones
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Silicon Metal Market: Competitive Dashboard
13.2 Global Silicon Metal Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Dow DuPont
13.3.2 Elkem ASA
13.3.3 RIMA Group
13.3.4 Rusal
13.3.5 Wacker Chemie AG
13.3.6 Ferroglobe Plc
13.3.7 LIASA
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicon Metal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicon Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicon Metal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicon Metal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicon Metal Market Size & Forecast, 2018-2028
4.5.1 Silicon Metal Market Size and Y-o-Y Growth
4.5.2 Silicon Metal Market Absolute $ Opportunity
Chapter 5 Global Silicon Metal Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Silicon Metal Market Size Forecast by Application
5.2.1 Solar & Semiconductor
5.2.2 Aluminum
5.2.3 Silicones
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Silicon Metal Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Silicon Metal Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Silicon Metal Analysis and Forecast
8.1 Introduction
8.2 North America Silicon Metal Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Silicon Metal Market Size Forecast by Application
8.6.1 Solar & Semiconductor
8.6.2 Aluminum
8.6.3 Silicones
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Silicon Metal Analysis and Forecast
9.1 Introduction
9.2 Europe Silicon Metal Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Silicon Metal Market Size Forecast by Application
9.6.1 Solar & Semiconductor
9.6.2 Aluminum
9.6.3 Silicones
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Silicon Metal Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Silicon Metal Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Silicon Metal Market Size Forecast by Application
10.6.1 Solar & Semiconductor
10.6.2 Aluminum
10.6.3 Silicones
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Silicon Metal Analysis and Forecast
11.1 Introduction
11.2 Latin America Silicon Metal Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Silicon Metal Market Size Forecast by Application
11.6.1 Solar & Semiconductor
11.6.2 Aluminum
11.6.3 Silicones
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Silicon Metal Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Silicon Metal Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Silicon Metal Market Size Forecast by Application
12.6.1 Solar & Semiconductor
12.6.2 Aluminum
12.6.3 Silicones
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Silicon Metal Market: Competitive Dashboard
13.2 Global Silicon Metal Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Dow DuPont
13.3.2 Elkem ASA
13.3.3 RIMA Group
13.3.4 Rusal
13.3.5 Wacker Chemie AG
13.3.6 Ferroglobe Plc
13.3.7 LIASA
Segments Covered in the Report
The global Silicon Metal market has been segmented based on
By Application
The global Silicon Metal market has been segmented based on
By Application
- Solar & Semiconductor
- Aluminum
- Silicones
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Dow DuPont
- Elkem ASA
- RIMA Group
- Rusal
- Wacker Chemie AG
- Ferroglobe Plc
- LIASA
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