Silicon Metal Market, By Application (Aluminium Alloys, Silanes, Solar Panels, Semiconductors, Others); By End-Use Industry (Automotive, Aerospace & Defense, Electrical & Electronics, Chemical & Petrochemical, Others); By Geography (North America, Asia Pacific, Europe, Middle-East & Africa And South America) -Forecast to 2022
- Report Code: CH 2131
- Publish Date: Upcoming
Silicon Metal is known as a semi-metallic or metalloid, having several of the characteristics of metals. Silicon is the second most abundant element in the Earth's crust after oxygen, naturally occurring in various forms of silicon dioxide or silicates and very rarely in its pure form in volcanic exhalations. Silicon metal is a grey and lustrous semi-conductive metal that is used to manufacture steel, solar cells and microchips. Silicon Metals are used mainly in the production of aluminium alloys for foundry, for the automotive and aircraft industries and others. In the chemical industry, silicon metal is employed for the production of silanes, resin, silicones and lubricants. Silicon metal is also used in the production of super high purity silicon by metallurgical or chemical process, which is further used to manufacture parts for the segment of advanced electronics, as computers, space communications, defence systems, photo-voltaic panels, and so on. Silicon metal is added to aluminium alloys to make them strong and light. As a result silicon metals are increasingly used in the automotive industry to replace heavier cast iron components. This allows weight reductions, a reduction in fuel consumption, increased efficiencies and subsequent benefits to the environment by reducing the greenhouse gas emissions and conserving fossil fuels.
The silicon metal market is expected to grow in Asia Pacific and middle-East & Africa due to growing industrialization in these regions. The growing concern for more fuel efficient automobiles and reduction of greenhouse gas emissions, will help silicon metal market to grow in the automotive industry. The growing electronics industry around the world is also a growth prospect for the silicon metal market.
This market research study provides a detailed qualitative and quantitative analysis of the silicon metal market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the silicon metal market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market
Competitive scenarios of the top players in the silicon metal market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as Ferroglobe PLC, Globe Specialty Metals, LIASA, Micron Metals, Inc., Elkem AS, FerroAtlantica S.L, Simcoa Operations Pty Ltd, Dow Corning Corporation, and others are operating in this market.
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