Silicon and Ferro Silicon Consumption Projected to Reach 5063 Thousand Tons by 2012 According to New Report by Global Industr



- As a crucial ingredient in the production of cast aluminum alloys used in the auto industry, demand for silicon is likely to arise from use in aluminum intensive vehicles that employ aluminum as the primary material for body structure and other components and parts. Silicon also represents the principal raw material in the development and fabrication of photovoltaic devices, solar collectors and modules. Ferrosilicon market is driven mainly by dynamics in iron and steel industries. China ranks as the largest global producer of silicon and ferro silicon. Russia, Norway, the United States, Brazil, Ukraine, France, and South Africa are the other major producers.

European market for silicon and ferro silicon is estimated at 1732 thousand tons, as stated by Global Industry Analysts, Inc. Europe and North America account for over 55 percent of the global silicon and ferrosilicon market (http://www.strategyr.com/Silicon_and_Ferro_Silicon_Market_Report.asp). Demand for silicon in metallurgy (http://www.strategyr.com/Silicon_and_Ferro_Silicon_Market_Report.asp) applications worldwide is estimated at 573 thousand tons. Consumption of silicon in semiconductor industry in the US is expected to grow at a compounded annual rate of 6.3% over the period 2001-2010. Worldwide consumption of ferrosilicon in steel (http://www.strategyr.com/Silicon_and_Ferro_Silicon_Market_Report.asp) industry is projected to reach 1521 thousand tons by 2010.

Market participants include Chartered Semiconductor Manufacturing, China National Bluestar, CC Metals and Alloys, Elkem AS, Evonik Degussa GmbH, Ferroatlanica Group, Fesil ASA, Globe Metallurgical, Hemlock Semiconductor Corporation, Invensil, Komatsu Electronic Metals, Luoyang Institute of Refractories Research, MEMC Electronic Materials, Mitsubishi Materials Corporation, Mitsubishi Polycrystalline Silicon America, OSAKA Titanium Technologies, Renewable Energy Corporation, REC Solar Grade Silicon, RIMA Industrial, Simcala Inc, Simcoa, Shin-Etsu Handotai, Sinosteel Zunyi Ferroalloy, Sumco Corporation, Sumco Techxiv Corporation, Tokuyama Corporation and Wacker Chemie

"Silicon and Ferro Silicon: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, drivers, product profile, end-user perspective, players, competitive landscape, technological developments, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East for the period 1991-2015. Volume analytics are provided independently for the two product segments including Silicon and Ferrosilicon. End-use markets for silicon include Metallurgy, Chemicals and Semiconductors while ferrosilicon applications include Ferrous Foundry and Steel Industry.

For more details about this research report, please visit http://www.strategyr.com/Silicon_and_Ferro_Silicon_Market_Report.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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Silicon and Ferro Silicon Consumption Projected to Reach 5063 Thousand Tons by 2012 According to New Report by Global Industr