Silicon Alloys Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Silicon Alloys Market By Type (Ferrosilicon, Deoxidizers, Inoculants and Others (including Nodulizers)), By Application (Carbon Steel & Other Alloy Steel, Stainless Steel, Electrical Steel, Cast Iron and Others) and Geography

 

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Report

Description

Silicon Alloys Market was valued at USD 6.4 billion in 2021 and expected to reach USD 9.2 billion by the end of 2028, recording a CAGR of 5.3% during the forecast period 2022-2028. 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 additive 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. 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.


Silicon Alloys Market

MARKET SUMMARY
-
5.3%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 5.3%
  • Largest Market–  Asia-Pacific
  • Fastest Growing Market– North America

Global Silicon Alloys Market

  • 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.
Market Key Players
  • 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
Growth

Silicon Alloys Market

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.


Asia-Pacific Got Significant Share

Silicon Alloys Market

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. 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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • 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
Silicon Alloys Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Silicon Alloys Market Introduction
    • Global Silicon Alloys Market – Taxonomy
    • Global Silicon Alloys Market –Definitions
      • Type
      • Application
  1. Global Silicon Alloys Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Silicon Alloys Market Dynamic Factors – Impact Analysis
    • Global Silicon Alloys Market – Competition Landscape
  2. Global Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Silicon Alloys Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Ferrosilicon
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Deoxidizers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Inoculants
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others (including Nodulizers)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Silicon Alloys Market, By Design, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Carbon Steel & Other Alloy Steel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Stainless Steel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrical Steel
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cast Iron
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Silicon Alloys Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Region, 2019 – 2025
  2. North America Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ferrosilicon
      • Deoxidizers
      • Inoculants
      • Others (including Nodulizers)
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carbon Steel & Other Alloy Steel
      • Stainless Steel
      • Electrical Steel
      • Cast Iron
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • North America Silicon Alloys Market Dynamics – Trends
  3. Europe Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ferrosilicon
      • Deoxidizers
      • Inoculants
      • Others (including Nodulizers)
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carbon Steel & Other Alloy Steel
      • Stainless Steel
      • Electrical Steel
      • Cast Iron
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Europe Silicon Alloys Market Dynamics – Trends
  4. Asia-Pacific Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ferrosilicon
      • Deoxidizers
      • Inoculants
      • Others (including Nodulizers)
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carbon Steel & Other Alloy Steel
      • Stainless Steel
      • Electrical Steel
      • Cast Iron
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Asia-Pacific Silicon Alloys Market Dynamics – Trends
  5. Latin America Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ferrosilicon
      • Deoxidizers
      • Inoculants
      • Others (including Nodulizers)
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carbon Steel & Other Alloy Steel
      • Stainless Steel
      • Electrical Steel
      • Cast Iron
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Latin America Silicon Alloys Market Dynamics – Trends
  6. Middle East and Africa Silicon Alloys Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ferrosilicon
      • Deoxidizers
      • Inoculants
      • Others (including Nodulizers)
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Carbon Steel & Other Alloy Steel
      • Stainless Steel
      • Electrical Steel
      • Cast Iron
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Silicon Alloys Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • MEA Silicon Alloys Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • ArcelorMittal
      • DMS Powders
      • Dragon Northwest Ferroalloy
      • Elkem
      • Ferroglobe
      • Georgian American Alloys
      • Jilin Ferroalloys
      • JSL Limited
      • Kuwait Unite d Chemalloys Manufacturing
      • Lalwani Ferro Alloys
      • OJSC Chelyabinsk Electrometallurgical Works
      • OM Holdings Ltd
      • Pioneer Carbide
      • Steelmin Limited
      • Tata Steel
  8. Research Methodology
  9. Key Assumptions and Acronyms

Report

Company Profile

  • 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

Description

Silicon Alloys Market was valued at USD 6.4 billion in 2021 and expected to reach USD 9.2 billion by the end of 2028, recording a CAGR of 5.3% during the forecast period 2022-2028. 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 additive 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. 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.

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