High Purity Silicon Metal Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Worldwide Market Reports added Latest Research Report titled "Silicon Metal" to its Large Report database.
Silicon metal is a brittle, blue-grey lustrous, and hard semi-conductive metal that is utilized to construct steel, microchips, and solar cells together with numerous other commodities. It is present naturally in the silicate minerals comprising feldspar, mica, and silica, which are main constituents of common rocks such as sandstone and quartz. Machinability, high thermal conductivity, and high corrosion resistivity are some of the properties of silicon metal that is extensively utilized to produce silicones, aluminum alloys, solar panels, and semiconductors. Higher purity silicon metal has also become an indispensable component for the solar energy and high-speed communication industries.
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Increasing requirement of high purity silicon metal for the manufacture of aluminum alloys that are utilized in the automotive, aerospace industries, and foundry is a major factor that is propelling growth of the high purity silicon metal market. The alertness regarding renewable resources as valuable substitutes to fossil fuels and adverse consequences of using fossils have led to the use of solar panels in satellites, electrical fences, watches, and calculators. As silicon-based photovoltaic modules and solar panels are generated by using high purity polysilicon, it is expected to fuel growth of the high purity silicon metal market over the forecast period.
Key Developments in High Purity Silicon Metal Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the high purity silicon metal market. On February 1, 2018, Ferroatlantica completed the acquisition of Glencore's European Manganese Plants in France and Norway, which helped in doubling its global manganese alloy capacity. In 2017, Elkem started a new foundry plant in Shizuishan city, Ningxia province.
On April 24, 2018, Wacker started its new production site for silicones in South Korea. Furthermore, Wacker Chemie AG acquired a Dutch site for manufacturing biopharmaceuticals, live microbial products, and vaccines.
Some of the key players operating in the high purity silicon metal market include GSM, Ferroatlantica, Elkem, Simcoa, Dow Corning, Wacker, Rima Group, RW silicium, UC RUSAL, G.S. Energy, Hoshine Silicon, Yunnan Yongchang, BlueStar Silicon Material, and Wynca among others.
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