Metallurgical Grade Silicon Market: Overview and Dynamics
Metallurgical grade silicon is a purified form of silicon with a purity of around 98% or higher. Silicon is mostly found in the form of silica in the earth’s crust and this silica is then further reduced to metallurgical grade silicon. Metallurgical grade silicon is not highly pure due to the presence of impurities such as iron and aluminum. It has a wide application range in the semiconductor industry and is further purified for applications in the solar industry. Polysilicon, which is a key material in the manufacturing of solar cells, uses purified metallurgical grade silicon as a raw material. Polysilicon is also used in the manufacturing of various microelectronic devices. Electronic grade polysilicon is made from a purer form of metallurgical grade silicon than that used in the manufacture of solar-grade polysilicon. A more purified form of metallurgical grade silicon is also known as upgraded metallurgical grade silicon. Metallurgical grade silicon is also used in the manufacture of silicones and silanes, which find a wide range of applications in the personal care industry as well as the chemical industry.
As metallurgical grade silicon is used in the manufacture of solar cells, the growth of solar cell installations will help in boosting the sales of metallurgical grade silicon. The use of metallurgical grade silicon in the metal industry will also boost sales over the forecast period. Technological developments have also provided a platform for the growth of the electronics industry, which in turn will aid the growth of the metallurgical grade silicon market. Silicones and silanes have a wide range of applications in various industries and thus, the use of metallurgical grade silicon in the manufacture of silicones and silanes will boost the growth of the metallurgical grade silicon market. The ongoing trade war between China and the U.S. will negatively affect the sales of metallurgical grade silicon and thus, retard the market growth of metallurgical grade silicon.
COVID-19 Impact Insights
Covid-19 expressively impacted on the metallurgical grade silicon market. COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe. Almost all industries are faced with a huge amount of loss. This in result has disrupted almost every market and metallurgical grade silicon market has also been affected largely. The growth rate of Electronics and Metal Industry has been slowing down. Because the metallurgical grade silicon manufacturing plants are shut down. The technological growth is also affected. The global growth in the lockdown period has been decreased as compared to the demand last year. Manufacturers are now strategizing in a way such that they have to sale their existing products Moreover, consistently progressing workplace safety processes would help the Metallurgical grade silicon market recover strongly by final trimester of 2020.
Segmentation Analysis of Metallurgical Grade Silicon Market
The global metallurgical grade silicon market is bifurcated into three major segments: Grade type, application type and region.
On the basis of grade type, metallurgical grade silicon market has been segmented as follows:
- 98 - 99%
- Above 99%
On the basis of application type, Metallurgical grade silicon market has been segmented as follows:
- Aluminum casting
- Chemical Industry
- Solar Cells
On the basis of geographic regions, Metallurgical grade silicon market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Metallurgical Grade Silicon Market: Regional Outlook
China has registered appreciable growth in electronics and metal industries in recent years, and the growth of these industries is expected to support the growth of the metallurgical grade silicon market in the country. The end-use products of metallurgical grade silicon include polysilicon and polysilicon production has witnessed strong growth in North America in recent years. The electronics industry in North America is also witnessing moderate growth, which is surging the sales of metallurgical grade silicon in the region. The Middle East and Africa region, due to its extreme climatic conditions, has a good scope for the growth of solar cell installations, which is expected to bolster the growth of the metallurgical grade silicon market in the region. Japan has a well-established electronics industry and the steady growth of this end-use industry will support the sales of metallurgical grade silicon in the region. The APAC region has also registered appreciable growth in the metal industry in recent years and is expected to drive the market growth of metallurgical grade silicon. Europe holds a good share in the electronics industry, which is expected to boost the sales of metallurgical grade silicon. Latin America is expected to provide a platform for the growth of metallurgical grade silicon sales, due to its moderately growing electronic industry
Metallurgical Grade Silicon Market: Key Players
Being a moderately consolidated Metallurgical grade silicon market, players have a dominant presence across regions through efficient distribution networks. Accrue Group Holdings, Amalgamate Canada LP, Elkem ASA, Ferroglobe, HPQ Silicon, PyroGenesis Canada Inc., Silicor Materials, Weden Metal Co., Limited and other key players are amongst the prominent players in Metallurgical grade silicon market accounting for over 65% of the market revenues.
Though, regional groups including Asia and Africa backing the local manufacturers are presenting challenges to global players offering their products at higher price points which in turn is significantly disturbing the overall metallurgical grade silicon market revenues.
The research report presents a comprehensive assessment of the Metallurgical grade silicon market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Metallurgical grade silicon market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
The Metallurgical Grade Silicon Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Metallurgical Grade Silicon Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Metallurgical grade silicon report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Metallurgical grade silicon report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Metallurgical grade silicon report also maps the qualitative impact of various market factors on market segments and geographies.
The Metallurgical Grade Silicon Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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