Silicon Metal Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
LONDON, Aug. 25, 2016 /PRNewswire/ — Silicon metal is derived from quartz (silicon dioxide). It is purified elemental silicon alloyed with significant quantities of other elements such as aluminum and calcium. Key applications of silicon metal include aluminum alloys, silicones/silanes, semiconductors, solar panels, and others (laboratory reagents, etc.). Growth in the building & construction industry in Asia Pacific is projected to boost the consumption of silicones. This, in turn, is anticipated to drive the demand for silicon metal during the forecast period. High production cost of silicon metal in certain regions is estimated to hamper the global silicon metal market during the forecast period. However, rising demand for solar panels and in turn silicon metal in North America, Europe, and emerging economies of Asia Pacific is projected to offer immense opportunities for manufacturers during the forecast period.