Img preview " Development of a new Bio-Composite from renewable resources with improved thermal and fire resistance for manufacturing a truck internal part with high quality surface finishing "

TECHNOLOGICAL WATCH SERVICE
NEWS

Global Silicon Metal Market - Investment Opportunities in APAC to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--The global silicon metal market is expected to grow at a CAGR of over 5% during the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global silicon metal market by application, which includes aluminum alloys, silicones and silanes, solar panels, and semiconductors. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Market driver: increase in the demand for aluminum-silicon alloys

Aluminum-silicon alloys have witnessed a significant increase in the demand from the automotive and transport industries. These alloys are popular because of their ability to exhibit a unique combination of desirable characteristics, such as casting into complex shapes in combination with a favorable strength-to-weight ratio.

According to Ajay Adikhari, a lead analyst at Technavio for bio-chemicals and bio-materials research, “Aluminum-silicon alloys are primarily used as castings. In addition, they are used for making sheets and wires for welding and brazing. Silicon is the key alloying element as it imparts high fluidity and low shrinkage, resulting in good casting ability and weldability properties. The low thermal expansion coefficient is used in pistons, while and the high hardness of the silicon particles is incorporated for wear resistance.”

Looking for more information on this market' Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: investment opportunities in APAC

Investors are encouraged by the growth prospects in the solar power industry in APAC. The region is expected to benefit from the rapidly declining price of solar panels. The strong economic growth and undeveloped infrastructure in the remote areas of APAC, along with abundant sunshine is leading to the growth of the renewable energy sector. The significant drop in the cost of solar energy technologies attracts businesses and governments to invest in renewable energy, which augurs well for the growth of the silicon metal market.

Market challenge: criticality regarding the selection of carbon electrodes

Carbon electrodes play a key role in submerged arc furnaces during the production processes of silicon metal. The process consists of the continuous reduction of quartz into silicon by a reducing mixture, a part of which comprises carbon in the form of mineral carbon, charcoal, petroleum coke, and wood-chips. The choice and proportions of these materials might vary, depending on the availability and cost.

Is your business on track for a successful future' Learn how Technavio can help

Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.

Key vendors in the market:

  • Ferroglobe
  • MINASLIGAS
  • Wacker Chemie
  • Zhejiang kaihua Yuantong Silicon Industry

The key players in the global silicon metal market compete based on technology, trait leadership, price, quality, and cost. The market consists of numerous global and regional players. The key players have a vast geographical presence with numerous production facilities. There are a few regional vendors with a considerable amount of market share. The growth of the silicon metal market can be attributed majorly to the increase in the demand for aluminum-silicon alloys, diverse applications of silicones, and increased use of polycrystalline silicon.

Get a sample copy of the global silicon metal market report free of cost

Access Technavio’s continuously growing bio-chemicals and bio-materials research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

» More Information

« Go to Technological Watch










This project has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n° [605658].

AIMPLAS Instituto Tecnológico del Plástico
C/ Gustave Eiffel, 4 (Valčncia Parc Tecnolňgic) 46980 - PATERNA (Valencia) - SPAIN
(+34) 96 136 60 40
naturtruck@aimplas.es