Global Silicon Metal Market Forecasts 2018-2023 - Key Players are Ferroglobe, The Quartz Corp, and Elkem - ResearchAndMarkets.com

DUBLIN--()--The "Global Silicon Metal Market - Segmented by Product Type, Application and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global silicon metal market is estimated to register a CAGR of 4.5% during the forecast period.

Over the recent years, there has been an increasing demand for silicon from the aluminum industry, as an alloying agent. The ability of silicon to increase the strength and fluidity of aluminum materials, when added as an alloy, is driving the demand for silicon metal from the aluminum industry.

With the increased usage of aluminum in structural engineering, aircraft manufacturing, and the automotive industry, there has been augmented demand for silicon metal to manufacture aluminum alloys that are lighter and resistant to corrosion. Silicon was found to increase an alloy's wear resistance, which has made aluminum-silicon alloy castings attractive substitutes for gray iron in automotive applications. Moreover, silicon with its low cost and ease of extraction has become a good option for casting alloy for aluminum. Hence, with the growing emphasis on lightweight and stronger components across various industries, the ability of aluminum-silicon alloys to provide these characteristics at affordable prices is expected to drive the demand for the silicon market over the forecast period.

China is the world's largest producer of silicon. In 2016, around 4.6 million metric ton of silicon was produced in China, which accounted for about two-thirds of the global production, of about 7.2 million metric ton. According to the silicon branch of China Nonferrous Metals Industry Association (CNIA), China wants to reposition its domestic silicon metal sector as a strategic source of raw material for the nation because of the persistent overseas anti-dumping policies imposed against the import of silicon from China.

The Chinese silicon metal sector has been high energy and resource consuming and polluting industry. Although some regional governments have preferential policies for their local silicon players to lift their competitiveness, owing to the expected limited room for a further fall in rigid costs, domestic silicon prices are likely to be stable in the future. However, an anticipated slowdown in demand for silicon from downstream Chinese aluminum alloy and organic silicon sectors, in the next few years, is likely to grow the Chinese silicon metal market moderately over the forecast period.

Notable Developments in the Market

  • November 2017: Ferroglobe acquired Glencore European manganese plants in France and Norway doubling its global manganese alloy capacity.

Major Players

  • Ferroglobe PLC
  • The Quartz Corporation
  • Elkem
  • Rusal
  • Others

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

  • Liasa
  • Elkem
  • Ferroglobe PLC
  • Mississipi Silicon
  • Globe Speciality Metals Inc.
  • RIMA Group
  • Sumco Corporation
  • Rusal
  • The Quartz Corporation
  • H.C. Starck
  • Wynca Group
  • Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
  • Silicon Metal Industries
  • Panadyne Inc.
  • Sil'tronix Silicon Technologies
  • Simcoa Operations Pty Ltd

9. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/p3t6qx/global_silicon?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Metals and Minerals

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Metals and Minerals