The aluminum alloys segment held around two-fifths of the global silicon metal market in 2019, and is expected to maintain its lead position by 2027. However, the semiconductors segment is estimated to manifest the largest CAGR of 6.2% from 2020 to 2027.
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The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Asia-Pacific contributed to the highest market share in 2019, accounting for more than two-fifths of the total market share, and is expected to maintain its dominance in terms of revenue by 2027. In addition, this region is expected to witness the fastest CAGR of 6.4% from 2020 to 2027. The report also discusses regions including North America, Europe, and LAMEA.
This makes it important to understand the practical implications of the Silicon metal market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
The metallurgical grade segment accounted for more than half of the total market share in 2019, and is projected to maintain its leadership status during the forecast period. Moreover, this segment is expected to register the highest CAGR of 5.9% from 2020 to 2027. The research also analyzes the chemical grade segment.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe PLC, Henan ALOY New Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Liasa, Mississippi Silicon LLC, Shin-Etsu Chemical Co. Ltd., and United Company RUSAL. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
According to the report published by Allied Market Research, the global silicon metal market garnered $6.3 billion in 2019, and is projected to generate $8.9 billion by 2027, witnessing a CAGR of 5.5% from 2020 to 2027.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the Silicon metal market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
Rise in demand for aluminum silicon (Al-Si) alloys, versatility of silicones, and increase in usage in semiconductor applications drive the growth of the global silicon metal market. However, high production cost hinders the market growth. On the other hand, innovations in the existing technologies present new opportunities in the coming years.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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