A recent study by Fact.MR on the global metallurgical grade silicon market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of metallurgical grade silicon.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing metallurgical grade silicon, along with their product portfolios, key strategies, and SWOT analysis, enhances the reliability of this comprehensive research study.
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Why is the Use of Metallurgical Grade Silicon Increasing Steadily?
“Rising Application of Metallurgical Grade Silicon across End-use Sectors”
Application of E-metallurgical grade silicon in the manufacturing and chemical industries is rising. For instance, it is used in semiconductors and sunlight-based industries. The assembly of sunlight-based cells requires refined metallurgical evaluation silicon in the form of crude material and it is also used to assemble different microelectronic gadgets.
Furthermore, electronic grade silicon is produced using a cleaner type of metallurgical silicon, which is then utilized to produce sunlight-based evaluation polysilicon. Thus, these wide scopes of use and application of metallurgical grade silicon will support market growth over the coming years.
“Advantages of Upgradation to Metallurgical Grade to fuel Market Growth”
Upgraded metallurgical grade silicon presents several advantages such as high performance, lower costs, and higher efficiency. Also, the cost-effective way and reduced manufacturing costs of the production process are aiding market players. Several options to upgrade metallurgical grade silicon exist, such as the use of methods like solidification, melting, melting & crystallization, etc.
Furthermore, high-purity metallurgical grade silicon is used in the photovoltaic industry rather than in chemical cleaning processes. The high purity of silicon is converted into electronic applications to meet the demand for crystalline silicon in solar cells.
What is the Outlook of the U.S. Metallurgical Grade Silicon Market?
The United States metallurgical grade silicon market holds 86.7% share in the North American market and is projected to expand at a CAGR of 3.8% during the assessment period of 2022-2032.
The hardware business and the electronics industry in the country are witnessing moderate growth and development, fueling metallurgical grade silicon demand in the United States.
Furthermore, extreme climatic conditions are providing good growth opportunities for solar cell installations. This is expected to bolster the sales of metallurgical grade silicon in the United States.
Which Application of MG Si Will Bring in Higher Revenue Streams?
The metallurgical grade silicon market, under application, is segmented into aluminium casting, steel production, foundry applications, and others (semicon and solar applications).
Amongst them, steel production holds 33.7% share in the global MG Si market. Factor supporting segment growth is the high use of metallurgical grade silicon for steel production, and thus, the segment is projected to rise at the rate of 2.8% over the decade.
In addition, the aluminium casting segment holds 29.4% share in the overall market and is expected to register 2% CAGR on the back of usage of metallurgical grade silicon for aluminium casting to develop aluminium alloy products.
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Competitive Landscape
Prominent metallurgical grade silicon manufacturers are Baidao Silicon Industry Co., Ltd., Elkem ASA, HPQ Silicon Resources Inc., Ferroglobe, Silicor Materials, Mississippi Silicon, Canadian Metals, American Elements, Jiuzhou Silicon Industry Co., Ltd., Ardevur, Amalgamet Canada LP, PyroGenesis Canada Inc., Accrue Group Holdings, and Weden Metal Co., Limited.
Manufacturers of metallurgical grade silicon are looking to expand their manufacturing facilities on the back of rising demand from end-use sectors. Along with this, they are looking for ways to reduce manufacturing costs to improve their market stance over the coming years.
Ferroglobe 2021 announced plans to restart its silicon metal facility in the United States. The plan is to restart its subsidiary Globe Metallurgical Inc. and also acquire and upgrade equipment to start the production of silicon metal.
HPQ Silicon Resources Inc. announced in 2021 an agreement with PyroGenesis Canada Inc., a plant development program of fumed silica materials having a low-cost manufacturing process. This new process is a leap forward in the green manufacturing of fumed silica.
Fact.MR has provided detailed information about the price points of key metallurgical grade silicon producers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Metallurgical Grade Silicon Industry Research
By Purity Level :
- 98-99%
- >99%
By Grade :
- 441
- 553
- 1101
- 2202
- 3303
- Others
By Form :
- Powder
- Granules
- Blocks/Sheets
By Application :
- Aluminium Casting
- Steel Production
- Foundry Applications
- Others (Semicon and Solar Applications)
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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