Silicon Market Report - Latest Price Trends and Forecast

Market Description

Silicon metal is a grey and lustrous semi-conductive metal that is used in the manufacture of steel, solar cells, and microchips.

Majority of the silicon (nearly 80%) is refined as ferro-silicon for use in iron and steel making. Metallurgical silicon can be used in steel making as well as an alloying agent in aluminum casting. Aluminum- Silicon car parts are lighter in weight and possess excellent strength and durability.

It is estimated that one third of all the electronic devices contains silicon based semiconductor technology. The global silicon metal market is expected to grow at a rate of 5.2% till 2021.

Aluminum industry is one of the major silicon consuming sectors where silicon is used 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. The other major industries consuming silicon are the semiconductor and the solar energy industries. Silicon metal also finds its application in silicones, silanes and laboratory reagents.

Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.

Silicon Market

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Silicon Market

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