SILICON METAL MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Silicon is considered as one of the most important elemental semiconductor and a critical raw material for the electronics industry. It finds applications in various electronic components such as integrated circuits, transistors, diodes, and microchips used in different electronic devices. The explosive growth in semiconductor manufacturing and increased per capita consumption of consumer electronics have augmented the demand for silicon in the past few decades. Moreover, miniaturization of circuits coupled with rising usage of silicon in 5G infrastructure, IoT devices, AI, and other emerging technologies are anticipated to bolster the market growth.  The ongoing renewable energy revolution and continuous cost declines have also uplifted the demand for silicon metal from the solar photovoltaic industry. Almost all solar PV modules use silicon wafers as the core material for converting sunlight into electricity.