Silicon Metal Market Analysis
According to the analysis of Hainan West Asia Import and Export Group, the global silicon metal market is expected to reach more than 2,900 tons by the end of this year, and the compound annual growth rate is expected to exceed 5% during this period.
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The Covid-19 pandemic is a major challenge to the silicon metal market, directly impacting manufacturers' supply chains across the globe and shutting down production facilities to minimize the risk of virus spread.
1. Rising demand for aluminum-silicon alloys owing to rising demand for electric vehicles and rising vehicle production globally is expected to drive the consumption of silicon metal.
2. Furthermore, the growing popularity of smartphones, laptops, tablets, and other electronic products is expected to drive the silicon metal market.
3. However, lower silicon production in China may hamper the growth of the market.Measures to reduce production costs by improving existing technologies are expected to create potential growth opportunities for the market throughout the forecast period.
Asia Pacific holds the highest market share and is expected to dominate the market during the forecast period.
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- Export - Metals
- silicon manganese
- Inoculant
- Silicon Carbide
- Recarburizer
- Ferro Silicon
- Silicon Metal
- Ferro Manganese
- High Carbon Silicon
- Nodulizer
- Cored Wire
- Silicon briquette
- Silicon powder /Micro Silicon-Powder
- Silicon slag/Low carbon silicon
- Ferro chrome
- Calcium Silicon
- Electrolytic Manganese Flakes
- Ferro Silicon Aluminum
- Silicon aluminum barium calcium
- Silicon calcium manganese
- Silicon barium calcium
