Emerging Companies in Silicon Metal Market: Ken Research

1. Global Silicon Metal Market Expected to Reach Market Size of US$ 8 billion by 2028: Ken Research Silicon metal is a lustrous and grey semi-conductive metal and is widely used to manufacture solar cells, microchips, steel, and others. It acts as a base material for different products and hence has an important role in the consumer and industrial sector. The silicon metal manufacturing process is highly energy intensive and it can be manufactured by smelting immersed electric arc furnaces. According to Ken Research Analysis, the Global Silicon Metal Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 8 billion by 2028, owing to increasing demand for silicon metal in various industries such as automobiles, solar, battery materials, refractory materials, and others. Global Silicon Metal Market Revenue Historic Growth and Forecast (US$ Bn), 2017–2028 ~US$ 8 Bn by 2028F ~US$ 6 Bn in 2022E ~US$ 5 Bn in 2017 Source: Ken Research Analysis Growing demand for silicon in the automotive industry along with increasing penetration of electric vehicles globally are anticipated to propel the growth of the global silicon metal market during the forecast period. The increased use of silicon or aluminum-silicon alloys in the production of automobiles due to their properties such as corrosion resistance, low thermal expansion, low wear rates, and others is likely to propel the growth of the global silicon metal market. The global silicon metal market faces challenges due to the shortage of metals like silicon. The supply shortage of silicon metals due to their high usage in the production of semiconductor materials along with the high prices of semiconductors is also expected to restrict the growth of the market. The COVID-19 pandemic negatively impacted the silicon metal market due to disruption in the supply chain, shortage of workers for the mining industry, shortage of raw materials, and others. In addition, the abrupt shutdown of operations has impacted economic growth, and thus, changed the pattern of consumer spending patterns. Key Trends by Market Segment:

2. By Product Type: The metallurgy grade segment held the largest share of the global silicon metal market by product type in 2021, owing to the growing demand for high-purity metals for the production of steel and cast iron. The expansion of the solar and semiconductor industry along with the increase in innovative technologies to lower cost production and surging demand for renewable sources of energy globally is expected to fuel the demand for the segment in the global silicon metal market. Global Silicon Metal Market Revenue Share by Product Type (in %), 2021 Metallurgy Grade Chemical Grade Source: Ken Research Analysis By Application: The aluminum alloys segment accounted for the largest share of the global silicon metal market in 2021, attributed to the growing demand for silicon metals for the production of automotive aluminum alloy. The increase in government initiatives and favorable policies for the electric vehicle and rising demand for aluminum alloy to produce lightweight vehicles, is anticipated to aid to the growth of the segment in the global silicon metal market. Request For Sample Report report.php?Frmdetails=NTk2MTQw By Geography: Asia-Pacific region accounted for the largest share of the global silicon metal market in 2021, due to the presence of a large production base of silicon and aluminum. Growing consumption of silicon metal in the automotive industry coupled with the increasing number of initiatives taken by the governmental body to accelerate the solar industry, is expected to augment the growth of the region in the silicon metal market. @ https://www.kenresearch.com/sample-

3. Major Regions within Global Silicon Metal Market, 2021 Largest Market North America Europe Asia Pacific LAMEA Source: Ken Research Analysis Competitive Landscape The silicon metal market is highly competitive with ~300 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in silicon metal. Regional players comprise ~55% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Ferroglobe, Dow, Elkem ASA, RIMA INDUSTRIAL, RusAL, LIASA, Hoshine Silicon Industry Co., Ltd., Zhejiang kaihua yuantong silicon industry co. LTD, Anyang Wanhua Metal Material Co. Ltd., and Shin-Etsu Chemical Co., Ltd., among others. The leading global silicon metal companies such as Ferroglobe, Dow, and Elkem ASA are highly focused on expanding their business and production capacity of silicon metal to meet the demand of end-users.

4. Competitive Landscape of Global Silicon Metal Market - Estimated Share of Total Competitors by Type and Porter’s 5 Forces Analysis of Industry Estimated Share of Total Competitors by Type, 2021 Porter’s 5 Forces Analysis of Industry Bargaining Power Of Suppliers: LOW 10% Internal Competitive Rivalry: HIGH Bargaining Power Of Buyers: HIGH 55% 35% Country-Niche Players Regional Players Threat Of New Entrants: HIGH Threat Of Substitutes: LOW Global Players Source: Industry Publications, Ken Research Analysis Key Topics Covered in the Report Snapshot of the Global Silicon Metal Market Industry Value Chain and Ecosystem Analysis of the Silicon Metal Market Market size and Segmentation of the Global Silicon Metal Market Historic Growth of the Overall Global Silicon Metal Market and Segments Competition Scenario of the Silicon Metal Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Silicon Metal Industry Overview, Product Offerings, and Strategic Developments of Key Competitors COVID-19 Impact on the Overall Global Silicon Metal Market Future Market Forecast and Growth Rates of the Global Silicon Metal Market and by Segments Market Size of Application/End-User Segments with historical CAGR and Future Forecasts Analysis of the Silicon Metal Market in Major Regions Major Production / Consumption Hubs in the Major Regions Major Production/Supply and Consumption/Demand Hubs in Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Silicon Metal Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Region Request For Sample Report report.php?Frmdetails=NTk2MTQw Major Companies Mentioned in the Report Ferroglobe Dow Elkem ASA RIMA INDUSTRIAL RusAL @ https://www.kenresearch.com/sample-

5. LIASA Hoshine Silicon Industry Co., Ltd. Zhejiang kaihua yuantong silicon industry co. LTD Anyang Wanhua Metal Material Co. Ltd. Shin-Etsu Chemical Co., Ltd. Notable Emerging Companies Mentioned in the Report Wackey Chemie AG Mississippi Silicon LLC PCC BakkiSilicon hf Minasligas Henan ALOY New Material Co. Ltd. Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Silicon Metal Manufacturers Emerging and Startup Companies in Silicon Metal Different Types of Silicon Metal Research Labs Government Ministries and Departments of Minerals Government Departments of Electronics Ministries and Departments of Paint & Coatings Importers and Distributors of Silicon Metal Chemical and Metals Market Research & Consulting Firms Semiconductor Research and Development Associations Investment Banking & Financial Institutes PE and VC Firms focused on Chemicals and Metals Industries Research & Development Institutes for Silicon Metal Sector Silicon Metal Providers Silicon Metal Suppliers Investors in Silicon Metal Start-ups Environmental Regulatory Bodies Silicon Metal Distributors Potential Entrants into Silicon Industry Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022E-2028F For more insights on the market intelligence, refer to the link below:- Global Silicon Metal Market