The global metallurgical grade silicon market is valued at US$ 6.7 billion in 2022 and is expected to progress at a CAGR of 4.1% to reach US$ 10.1 billion by the end of 2032. Consumption of metallurgical grade silicon accounted for over 40% share of the global silicon metal market at the end of 2021.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Metallurgical Grade Silicon Market both at worldwide and provincial levels.
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Metallurgical Grade Silicon (MG-Si) is a crucial raw material primarily used in the production of silicones, aluminum alloys, and photovoltaic solar cells. It is derived from quartz, one of the Earth’s most abundant minerals, through a high-temperature reduction process, typically in an electric arc furnace. As of my last knowledge update in September, I can provide an overview of the Metallurgical Grade Silicon market, along with insights into current industry news. Please note that market conditions and trends may have evolved since then.
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.
Key Applications of Metallurgical Grade Silicon:
- Silicones: MG-Si is a fundamental component in the production of silicones, which are versatile polymers used in a wide range of applications, including sealants, adhesives, lubricants, and medical implants.
- Aluminum Alloys: MG-Si is employed as an alloying agent to enhance the properties of aluminum, making it stronger and more heat-resistant. These alloys are used in the aerospace, automotive, and construction industries.
- Solar Photovoltaics: The solar industry relies on MG-Si as a feedstock for the production of solar cells and photovoltaic modules. It is a critical component in the photovoltaic (PV) value chain, contributing to the growth of renewable energy.
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
Market Drivers:
Several factors drive the demand for Metallurgical Grade Silicon:
- Solar Energy Growth: The rapid expansion of the solar energy industry, driven by climate change concerns and renewable energy targets, significantly boosts the demand for MG-Si for solar panel production.
- Urbanization and Infrastructure: Increasing urbanization and infrastructure development lead to greater demand for aluminum alloys in construction and transportation, thereby fueling the need for MG-Si.
- Industrialization: Growing industrialization in emerging economies results in increased use of silicones in various industrial applications, contributing to MG-Si demand.
- Technological Advancements: Ongoing research and development efforts aim to improve the efficiency of MG-Si production processes, reduce energy consumption, and enhance the quality of the material.
- Sustainability Initiatives: Sustainability concerns drive the use of MG-Si in the production of renewable energy technologies, aligning with global efforts to reduce carbon emissions.
Market Players :-
- Baidao Silicon Powder Co., Ltd
- Ferroglobe
- Elkem ASA
- HPQ Silicon Resources Inc.
- Silicor Materials
- Mississippi Silicon
- Canadian Metals
- American Elements
- Jiuzhou Silicon Industry Co., Ltd
- Ardevur
- Amalgamet Canada LP
- PyroGenesis Canada Inc.
- Accrue Group Holdings
- Weden Metal Co., Limited
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Future Outlook:
The Metallurgical Grade Silicon market is expected to see continued growth, driven by the expansion of solar energy and the demand for sustainable materials in various industries. Key trends for the future include:
- Solar Energy Dominance: The solar industry’s rapid growth is expected to remain a primary driver of MG-Si demand, with an increasing focus on high-efficiency solar cells and sustainable materials.
- Recycling Solutions: Research into more efficient and cost-effective recycling methods for MG-Si materials from end-of-life products will help meet future demand while reducing environmental impact.
- Sustainability: Companies in the MG-Si sector will continue to prioritize sustainability, aiming to reduce their carbon footprint and environmental impact.
- Technological Advancements: Ongoing research will lead to improved MG-Si production methods, increasing efficiency and reducing energy consumption.
- Diversification: Manufacturers may diversify their product portfolios to include a wider range of silicon-based materials, expanding their presence in industries beyond solar and aluminum alloys.
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Metallurgical Grade Silicon plays a crucial role in the production of silicones, aluminum alloys, and solar panels, contributing to multiple industries, including renewable energy and construction. As the world transitions toward more sustainable practices and technologies, MG-Si will continue to be a vital component in the global push for cleaner energy and advanced materials. However, please be aware that industry trends and developments may have evolved since my last update in September 2021
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