World Silicon Market Escalating by Rapid Growth of the Construction Industry And Advancement of Silicon Material 2019
The notable players operating in this industry include Shin-Etsu Chemical Co., Ltd., ICM Products Inc., Silteq Ltd., Specialty Silicone Products, Inc., Wacker Chemie GmbH, Evonik Industries AG, Kemira Oyj, Hutchinson, Allergan plc, Ashland Global Specialty Chemicals Inc.
Dublin, United States – February 19, 2019 /MarketersMedia/ —
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Silicon is a chemical element and is a brittle and hard crystalline solid that has a blue-grey metallic lustre. Silicon is considered the eight most common element in terms of mass and is widely distributed in sands, dusts, planets, and planetoids as various forms of silicates or silicon dioxide. The increasing importance of distribution and transmission devices and rising consumption of energy are the major factors resulting in a rise in demand for silicon over the years. With respect to this, key players are focusing on generating considerable opportunity in the electronics industry in the coming years. The recent years have recorded a rise in the demand for silicon as an alloying agent from the aluminum industry.
Silicon’s ability to increase fluidity and strength of aluminium materials is causing a rise in demand for silicon from the aluminium industry. Moreover, the low cost of silicon and the ease of extraction is a good option for casting the alloy from aluminium. Therefore, rising demand for stronger and lighter components across different industries and the ability of silicon aluminium alloys to offer these characteristics at an affordable price is expected to drive the overall market growth of silicon. There is a high visibility of substitutes such as polyolefin and fluoropolymers in the construction, which has reduced the penetration of silicon over the years. However rising demand of lightweight automobile parts due to the enhanced efficiency of fuel and lower emission is expected to trigger the demand for elastomers made up of silicon.
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Recent Developments in the Market:
Personal Care: In May, 2017 Dow Home & Personal Care introduced the Dowsil product name for its heritage Dow Corning silicone-based home and personal care products. The new name emphasizes the legacy silicon expertise spanning many markets, paired with Dow’s R&D capabilities and global reach.
Asia Pacific: In Aug, 2018 Chinese Company Wynka and Evonik Industries agreed for joint venture in order to produce fumed silica under the name AEROSIL The joint venture will supplement Evonik’s globalnetwork of AEROSIL production facilities and with this Wynca planned to expand the business on silicon besed products.
DowduPont : In Sep, 2018 DowduPont announced new investment plans its upstream and downstream silicones franchise. The investment aims to accelerate innovation and support the customer demands globally in the high growth markets such as electrical and industrial, home and personal care among others.
Key Questions Answered into the Report:
• What is the market value of the overall market and its segments?
• What are the key segments and sub-segments in the market?
• Which is the largest sub-segment in each segment in the scope of the study?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value at the regional and country level?
• Who are the key market players and their key competitors?
• Who are the key market players at different stages of the value chain?
• What are the strategies for growth adopted by the key players in the market?
• How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
• How financially strong are the key players in the market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
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Related Reports on Silicon Market:
Global Silicon Market Summary Report
Global Silicon Market Segmentation Report
Global Silicon Market Regional Report
Global Silicon Market Competitive Intelligence & Company Profiles Report
Global Silicon Market Statbook
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