Silicon Metal is a semi-metallic or metalloid that possesses many of the properties of metals. It is the second most abundant element in the Earth's crust, after oxygen, and can be found in various forms of silicon dioxide or silicates, as well as in volcanic exhalations in its pure form. Smelting silicon metal in submerged electric arc furnaces is a time-consuming and energy-intensive operation.
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The material's further processing into different product grades allows it to be used in a variety of industrial operations. The atomic number 14 element is found in silicate minerals such as silica, feldspar, and mica, which are common rock components such as quartz and sandstone. Silicon is a semi-metal (or metalloid) that has properties of both metals and non-metals. Silicon metal is made from silica found in quartz by reducing it in high-temperature submerged arc electrical furnaces with charcoal and planted forest wood chips as reductants.
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Uses of Silicon Metal:
Silicon is primarily utilised in the production of silanes and silicones, as well as as a "hardener" or alloying element in the production of aluminium alloys, microprocessors, and solar cells. Silicon is also employed in the manufacturing of photonic devices and industrial refractories as a secondary smelting ingredient.
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Many businesses rely on high-purity silicon metal. It's utilised in the chemical industry to make silicon compounds and silicon wafers, which are utilised in photovoltaic solar cells and electronic semiconductors. Aluminum makers employ it to improve the material's already valuable characteristics.
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Market Outlook:
The global silicon metal market was worth USD 6.05 billion in 2019 and is predicted to increase at a CAGR of 4.6 percent between 2020 and 2027. The market is likely to be fueled by rising aluminium output around the world. Various reasons are currently driving the global silicon metal market, including a rise in demand for aluminium alloys in the automotive industry, an increasing silicone application spectrum, demand from energy storage industries, and consistent demand from the worldwide chemical sector.
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Growing use of silicon metal in solar panel manufacture and a focus on lowering silicon metal production costs will help the global silicon market grow in the future. Silicon metal is already a critical component of the metal smelting industry; however, demand for the material has risen in recent years, owing primarily to the electronics and solar industries. In 2019, Asia Pacific dominated the Silicon metal market, with a revenue share of 38.3 percent.
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The presence of a big aluminium and silicone production base in China is responsible for this high proportion. In addition, China is the world's largest manufacturer of silicon metal. China's market is oversupplied, and as a result, the country exports a significant amount of its product. Partially consolidated is the silicon metal market. The market is divided into two categories based on product type: metallurgy grade and chemical grade, with metallurgy grade dominating the market. Aluminum alloys, semiconductors, solar panels, stainless steel, and other applications are the segments of the market.
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Major Key Players:
1. Gravita India Ltd.
2. Kothari Metals Ltd.
3. Oswal Minerals Ltd.
4. Singhania Minerals Pvt. Ltd.
5. Welcome Impex Pvt. Ltd.
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