The global silicon metal market is highly consolidated and is led by
a handful of multinational companies. Transparency Market Research
finds that this has compelled players to focus on product
differentiation as well as supply chain integration in order to
survive this challenging vendor landscape. “An increasing number of
manufacturers today have silicon metal manufacturing assets, quart
mining units, and even produce downstream products so as to establish
a strong foothold in the silicon metal market,” a lead analyst at
TMR states.
Dow Corning Corporation, for instance, has been successfully
performing mergers and acquisitions in the silicon metal market to
establish an integrated and low-cost-intensive supply chain.
Get
PDF Brochure for more Professional and Technical insights :
Over the years, the company has acquired the silicon manufacturing
assets of different companies and this has enabled it to not only
provide efficiency and stability to its business operations but also
integrate these operations.
Another excellent example would be Wynca Group, whose strong
technical support network and research and development activities
through the Organic Research Institute has helped the company develop
newer applications of silicon in the downstream segment.
Players
Hope to Overcome High Cost of Production with Support from Government
The global solar industry has been witnessing immense emphasis in
recent years owing to the rising focus on the development of viable
renewable energy sources. Supported by numerous government
regulations and initiatives, this has resulted in the soaring demand
for and implementation of solar panels across various industries.
This, in turn, has driven the demand for silicon metal. Solar panels
form one of the most important applications of silicon metal and a
boost in the solar energy industry translates to a boost in the
silicon metal market as well. The growing application of aluminum
alloys in transportation is also projected to continue driving the
demand for silicon metals.
On the other hand, the high cost of production is a key challenge for
most players in the market. “The cost of production of silicon
metal is dependent on important variables such as the cost of raw
materials, labor, power, and transportation,” the TMR analyst
explains. “A spike in any of these variables results in the
increase in the silicon metal cost of production.” In addition to
this, market volatility is anticipated to hamper the growth of the
silicon metal market in the coming years.
Browse
Market Research Report with ToC & Analysis :
Modest
Growth in Store by Value and Volume
The volume demand for silicon metal, as per TMR, is poised to surge
at a 4.3% CAGR from 2016 to 2024. On the basis of revenue, however,
the market is anticipated to register a slightly faster pace during
the forecast period, at a 5.2% CAGR. The value of the silicon metal
market is projected to rise from US$2.2 bn in 2015 to US$3.4 bn by
2024. Asia Pacific is the largest market for silicon metal and is
forecast to account for a share of over 45% by 2024.
This review is based on the findings of a TMR report titled “Silicon
Metal Market: Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016-2024.”
Silicon
Metal Market – Application Analysis
- Aluminum Alloys
- Silicones/Silanes
- Semiconductors
- Solar Panels
- Others (Including Stainless Steel, Laboratory Reagents, etc.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment