Silicon Metal Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 164 SKU: IRTNTR43890

Silicon Metal Market Forecast 2023-2027

The silicon metal market size is forecast to increase by USD 2.03 billion, at a CAGR of 5.01% between 2022 and 2027 with the market. Market growth is influenced by several factors, including the rising demand for aluminum-silicon alloys driven by their versatile applications across various sectors. Additionally, there is an increased utilization of polycrystalline silicon, particularly in the electronics and solar energy industries, owing to its exceptional electrical properties. Furthermore, they find diverse applications across industries such as automotive, construction, and healthcare, contributing to market expansion. With their unique properties like flexibility, durability, and heat resistance, silicones are increasingly preferred for applications ranging from sealants and adhesives to medical implants and personal care products. These factors collectively underscore a promising outlook for the silicon market, with sustained growth anticipated as demand continues to rise across a spectrum of industries, driven by ongoing technological advancements and evolving consumer preferences.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

In the market, disruptions in supply chain disruptions have sparked interest in alternative production methods. Industries like recyclable pulp in the paper and pulp industry heavily rely on silicon metal. Its use in propylene oxide production via the HPPO process highlights its significance despite associated health hazards. Moreover, global hydrogen peroxide demand impacts silicon metal consumption. In the healthcare sector, silicon metal's antiseptic properties aid in treating skin cuts, dead skin, bruises, and infection, even extending to oral infections as a component in mouth rinse. However, caution is advised due to potential mouth irritation and adverse reactions in mucus membranes.

This market report extensively covers market segmentation by Type (metallurgy grade and chemical grade), Application (aluminum alloys, semiconductors, solar panels, stainless steel, and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

By Type

The market share growth by the metallurgy grade segment will be significant during the forecast period. The metallurgical grade is one of the types of silicon metal used in the market. Metallurgical-grade silicon metal is a high-purity silicon metal used in the production of aluminum alloys and other types of alloys. This type of silicon metal has a purity level of approximately 98-99% and is suitable for use in metallurgical applications. Demand for metallurgical silicon metal is primarily driven by increasing demand for aluminum alloys in the automotive and aerospace industries. The use of aluminum alloys in these industries offers several benefits such as improved fuel efficiency and reduced emissions.

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The metallurgy grade segment was valued at USD 3.18 billion in 2017. Metallurgical silicon metal is also used to make other alloys such as magnesium and titanium alloys used in various industries such as construction and aerospace. Besides its use in metallurgical applications, metallurgical silicon metal is also used in the production of silicone compounds used in various industries such as healthcare, personal care, and electronics. The high purity of metal silicon metal makes it suitable for use in applications where purity is of the utmost importance. Therefore, this segment is expected to grow in the market during the forecast period.  

By Application 

Based on the application, the aluminum alloys segment holds the largest market share. Aluminum-silicon alloys serve various industries, including casting, rapid solidification, and powder metallurgy. Silumin, renowned for its corrosion resistance, excels in humid conditions. Silicon's addition to aluminum reduces viscosity when molten, making it an economical casting option. Its exceptional castability produces stronger finished castings compared to more challenging alloys. In the automotive sector, lightweight aluminum alloys replace steel and cast iron to reduce fuel consumption and environmental impact. These versatile alloys are widely used in construction, marine, aviation, packaging, aerospace, and electrical industries due to their lightweight and corrosion-resistant properties.

By Region

APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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APAC is expected to be the fastest-growing regional market, mainly due to the high demand for aluminum alloys from the automotive industry. Moreover, the demand in the Asia-Pacific region will be driven by common factors such as optimistic economic growth, the ready availability of raw materials, cheap labor, and electricity costs. Additionally, the region is witnessing the emergence of government policies aimed at increasing domestic energy production through solar panels. The rapid growth of the construction sector in developing countries such as India and China drives the demand for silicon metal, further supporting the expansion of the market in the Asia-Pacific region. South Korea, China, and Japan are other major players due to their presence in the semiconductor manufacturing sector. 

Market Dynamics

In the market, recent disruptions in supply chains have prompted a closer look at alternative production methods, particularly in industries like the paper and pulp industry where silicon metal is essential for propylene oxide production using the HPPO process. While traditional applications in the electronic industry continue, new opportunities arise in water treatment, where they are used as a potent bleaching agent. Its diverse forms, from diluted solutions to concentrated forms, address various needs, although concerns persist regarding effluent color and odor. Additionally, its antiseptic properties find applications in the healthcare industry, aiding in wound healing and serving as a disinfectant products in public areas.

Market Definition

Silicon metal is a lustrous, grey-colored semi-conductive metal that is used in the production of steel, solar cells, and microchips. Metallurgical-grade silicon is used in steelmaking and as an alloying agent in aluminum casting. Aluminum-silicon car parts are lightweight and stronger than components that are cast from pure aluminum. Automotive parts such as engine blocks and tire rims are some of the most common aluminum-silicon cast parts. Almost half of the metallurgical silicon is used by the chemical industry to make fumed silica, silanes, and silicone.

Key Market Driver

The burgeoning demand for aluminum-silicon alloys is a key driver of growth in the market. These alloys are experiencing heightened demand, particularly from the automotive and transportation sectors. They are favored for their unique blend of characteristics, offering the ability to cast intricate shapes while maintaining a favorable strength-to-weight ratio. This grants them advantages over cast iron, including lower density and improved mechanical properties.

Moreover, aluminum-silicon alloys find primary use in casting, as well as in the production of sheet metal and welding/brazing wire. Notably, their castings exhibit superior mechanical properties compared to higher-strength, less-castable alloys, thanks to their role in enhancing fluidity, reducing shrinkage, and ensuring weldability. Pistons, featuring low thermal expansion coefficients and hard particles for wear resistance, are expected to fuel market growth in the forecast period.

Major Market Trend

The growth of the market is notably influenced by emerging market investment prospects. Increasing demand for silicon metal in emerging markets opens doors for investors in companies engaged in its manufacturing and distribution. Companies focusing on efficient and sustainable production methods, aligning with tightening environmental regulations, are particularly appealing to investors.

Additionally, technological advancements offer investment opportunities, with companies innovating in production processes, such as plasma technology, presenting attractive prospects. However, it's vital to acknowledge that, like all investments, market investments carry risks, necessitating thorough research and analysis. These expanding investment opportunities are expected to drive market growth in the forecast period.

Significant Market Challenge

The market faces growth challenges due to its high production costs. Raw materials like quartz and carbon, similar to those for ferrosilicon, require exceptional purity levels for silicon production. Impurities, particularly iron, are problematic once they enter the furnace, significantly impacting their production. High-quality quartz, with lower iron content than that used for ferrosilicon, is essential. Beyond chemical purity, various physical parameters also affect furnace performance and efficiency. Consequently, the supply of premium quartz becomes a strategic factor in their production.

Further, traditional charcoal use has downsides, including high labor costs and environmental concerns. Many countries, such as China, India, and Mexico, are shifting to low-ash mineral coal as labor costs rise. These factors together are expected to drive up production costs, posing a hindrance to its adoption in the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Wanhuametal- The company offers miniature circuit breaker such as S200 range System pro M compact.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe Plc, Henan Star Metallurgy Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Ligas de Aluminio S.A., Minasligas, Mississippi Silicon, Ningxia Darshan Silicon Industry Co. Ltd., PCC SE, RIMA INDUSTRIAL, RW silicium GmbH, Shin Etsu Chemical Co. Ltd., Simcoa Operations Pty Ltd., United Company RUSAL, Wacker Chemie AG, Westbrook Resources Ltd., Wynca Group, and Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Market Analyst Overview:

The market is witnessing substantial growth across various sectors due to its versatile applications. In the commercial buildings and public stoppages like airports and railway platforms, silicon-based sanitizers play a vital role in disinfection, utilizing compounds such as peroxyacetic acid, isopropyl alcohol, and chlorine dioxide recommended by the Center for Biocide Chemistries to combat viruses, bacteria, and other microorganisms. Additionally, in the wastewater treatment segment, they acts as an effective oxidizing agent, catalyzing the breakdown of pollutants and pathogens. Moreover, in the food processing sector, silicon-based bleaching agents enhance the whiteness and clarity of processed foods, while in the medical sector, it finds applications in disinfectant goods and hygiene products, ensuring high standards of cleanliness and safety.

Further, the market is witnessing robust growth driven by its diverse applications across various industries. In the water treatment industry, silicon in its catalyzed form aids in combating water-borne sickness by facilitating chemical oxidation to remove contaminants, meeting stringent guidelines for water quality. Additionally, in the food and beverage processing sector, silicon-based bleaching substances enhance the appearance of processed food and packaged edibles, ensuring biological degradability and maintaining chemical properties. Moreover, in the cosmetics and personal care industry, silicon is utilized in hair care formulations, skincare creams, and lotions, meeting the demands of oral hygiene products like mouthwash while contributing to volume growth and revenue growth in the market.

Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.01%

Market growth 2023-2027

USD 2.03 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.54

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 43%

Key countries

US, China, India, Japan, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe Plc, Henan Star Metallurgy Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Ligas de Aluminio S.A., Minasligas, Mississippi Silicon, Ningxia Darshan Silicon Industry Co. Ltd., PCC SE, RIMA INDUSTRIAL, RW silicium GmbH, Shin Etsu Chemical Co. Ltd., Simcoa Operations Pty Ltd., United Company RUSAL, Wacker Chemie AG, Westbrook Resources Ltd., Wynca Group, and Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global silicon metal market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global silicon metal market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Metallurgy grade - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Metallurgy grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Metallurgy grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Metallurgy grade - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Metallurgy grade - Year-over-year growth 2022-2027 (%)
    • 6.4 Chemical grade - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Chemical grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Chemical grade - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Chemical grade - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Chemical grade - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Aluminum alloys - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Aluminum alloys - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Aluminum alloys - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Aluminum alloys - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Aluminum alloys - Year-over-year growth 2022-2027 (%)
    • 7.4 Semiconductors - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Semiconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Semiconductors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Semiconductors - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Semiconductors - Year-over-year growth 2022-2027 (%)
    • 7.5 Solar panels - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Solar panels - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Solar panels - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Solar panels - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Solar panels - Year-over-year growth 2022-2027 (%)
    • 7.6 Stainless steel - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Stainless steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Stainless steel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Stainless steel - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Stainless steel - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 68: Market opportunity by Application ($ million)
      • Exhibit 69: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Russia - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.12 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Anyang Wanhua Metal Material Co. Ltd.
              • Exhibit 123: Anyang Wanhua Metal Material Co. Ltd. - Overview
              • Exhibit 124: Anyang Wanhua Metal Material Co. Ltd. - Product / Service
              • Exhibit 125: Anyang Wanhua Metal Material Co. Ltd. - Key offerings
            • 12.4 Dow Inc.
              • Exhibit 126: Dow Inc. - Overview
              • Exhibit 127: Dow Inc. - Business segments
              • Exhibit 128: Dow Inc. - Key news
              • Exhibit 129: Dow Inc. - Key offerings
              • Exhibit 130: Dow Inc. - Segment focus
            • 12.5 Elkem ASA
              • Exhibit 131: Elkem ASA - Overview
              • Exhibit 132: Elkem ASA - Business segments
              • Exhibit 133: Elkem ASA - Key offerings
              • Exhibit 134: Elkem ASA - Segment focus
            • 12.6 Ferroglobe Plc
              • Exhibit 135: Ferroglobe Plc - Overview
              • Exhibit 136: Ferroglobe Plc - Business segments
              • Exhibit 137: Ferroglobe Plc - Key offerings
              • Exhibit 138: Ferroglobe Plc - Segment focus
            • 12.7 Hoshine Silicon Industry Co. Ltd.
              • Exhibit 139: Hoshine Silicon Industry Co. Ltd. - Overview
              • Exhibit 140: Hoshine Silicon Industry Co. Ltd. - Product / Service
              • Exhibit 141: Hoshine Silicon Industry Co. Ltd. - Key offerings
            • 12.8 Ligas de Aluminio S.A.
              • Exhibit 142: Ligas de Aluminio S.A. - Overview
              • Exhibit 143: Ligas de Aluminio S.A. - Product / Service
              • Exhibit 144: Ligas de Aluminio S.A. - Key offerings
            • 12.9 Minasligas
              • Exhibit 145: Minasligas - Overview
              • Exhibit 146: Minasligas - Product / Service
              • Exhibit 147: Minasligas - Key offerings
            • 12.10 Mississippi Silicon
              • Exhibit 148: Mississippi Silicon - Overview
              • Exhibit 149: Mississippi Silicon - Product / Service
              • Exhibit 150: Mississippi Silicon - Key offerings
            • 12.11 RIMA INDUSTRIAL
              • Exhibit 151: RIMA INDUSTRIAL - Overview
              • Exhibit 152: RIMA INDUSTRIAL - Product / Service
              • Exhibit 153: RIMA INDUSTRIAL - Key offerings
            • 12.12 RW silicium GmbH
              • Exhibit 154: RW silicium GmbH - Overview
              • Exhibit 155: RW silicium GmbH - Product / Service
              • Exhibit 156: RW silicium GmbH - Key offerings
            • 12.13 Simcoa Operations Pty Ltd.
              • Exhibit 157: Simcoa Operations Pty Ltd. - Overview
              • Exhibit 158: Simcoa Operations Pty Ltd. - Product / Service
              • Exhibit 159: Simcoa Operations Pty Ltd. - Key offerings
            • 12.14 United Company RUSAL
              • Exhibit 160: United Company RUSAL - Overview
              • Exhibit 161: United Company RUSAL - Business segments
              • Exhibit 162: United Company RUSAL - Key offerings
              • Exhibit 163: United Company RUSAL - Segment focus
            • 12.15 Wacker Chemie AG
              • Exhibit 164: Wacker Chemie AG - Overview
              • Exhibit 165: Wacker Chemie AG - Business segments
              • Exhibit 166: Wacker Chemie AG - Key offerings
              • Exhibit 167: Wacker Chemie AG - Segment focus
            • 12.16 Westbrook Resources Ltd.
              • Exhibit 168: Westbrook Resources Ltd. - Overview
              • Exhibit 169: Westbrook Resources Ltd. - Product / Service
              • Exhibit 170: Westbrook Resources Ltd. - Key offerings
            • 12.17 Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd.
              • Exhibit 171: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Overview
              • Exhibit 172: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Product / Service
              • Exhibit 173: Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
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