Global Silicon Alloys Market
Global Silicon Alloys Market Report Description:
Global silicon alloys market report gives comprehensive outlook on silicon alloys across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global silicon alloys market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region. This report studies global silicon alloys market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global silicon alloys market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global silicon alloys market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global silicon alloys market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global silicon alloys products.
Global Silicon Alloys Market:
The global market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors influencing the market growth include rapid industrialization and infrastructure development across various regions, rising sales of automobiles, increasing demand for aluminum-silicon alloys, expansion of the automotive industry and increase in purchasing power coupled with growing disposable income of the consumers. However, factors such as high cost of production and dependence on power & reductants are hampering the market growth.
Increase in Production of Automobiles and Rise in Automotive Sales is Fueling the Market Growth
Automobile production has increased significantly after the liberalization of the economy. A rise in the sales of automobiles, especially in emerging countries such as China and India, due to an increase in purchasing power and disposable income is expected to drive the silicon alloys market. Expansion of the automotive industry is likely to result in a rise in demand for silicon alloys for manufacturing steel and cast iron. This is anticipated to propel the market in the near future. Therefore, increase in production of automobiles and rise in automotive sales is fueling the market growth.
Dependence on Power and Reductants Hampers the Market Growth
In the total production cost of ferrosilicon or silicon alloys electricity has the major contribution. The production of silicon alloys is an energy-intensive process. Any upsurge in electricity prices can harmfully affect the production cost of silicon alloys which is the major restraint for the market. Moreover, emerging countries like India and China have power cuts and power shortages which is the key problem for the production of silicon alloy in these countries.
Asia Pacific Accounts for Larger Market Revenue Share in Global Silicon Alloys Market
Asia Pacific accounted for larger revenue share in global silicon alloys market with considerable CAGR as the region is an industrial and automotive hub. Rising demand for portable electronics, automobiles and solar panels in the region are other factors responsible for the market growth. Also, China is the world’s largest producer and consumer of silicon alloy which makes it a major contributor for the market growth in this region.
Competition Assessment
Key player’s profiles in the global silicon alloys market include:
- ArcelorMittal
- DMS Powders
- Dragon Northwest Ferroalloy
- Elkem
- Ferroglobe
- Georgian American Alloys
- Jilin Ferroalloys
- JSL Limited
- Kuwait United Chemalloys Manufacturing
- Lalwani Ferro Alloys
- OJSC Chelyabinsk Electrometallurgical Works
- OM Holdings Ltd
- Pioneer Carbide
- Steelmin Limited
- Tata Steel
Global silicon alloys market is surging owing to frequent acquisitions and launchings by the market players.
Key Findings of the Report:
- Global silicon alloys market expanding at significant CAGR over 2019 to 2025 owing to increase in production of automobiles and rise in automotive sales
- Based on type, ferrosilicon segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global silicon alloys market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Type
- Ferrosilicon
- Deoxidizers
- Inoculants
- Others (including Nodulizers)
By Application
- Carbon Steel & Other Alloy Steel
- Stainless Steel
- Electrical Steel
- Cast Iron
- Others
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
