Rise in Awareness for Eco-Friendly Industrial Processes Expected to Drive World Sodium Hexametaphosphate (SHMP) Market: Ken Research

Buy Now

Sodium Hexametaphosphate or SHMP is a translucent and solid material. It is a hexamer of composition (NaPO3)6. It is a water-soluble polyphosphate glass which consists of a distribution of polyphosphate chain lengths. Its high grade of solubility sets it apart from other sodium phosphates. It is usually used as an input in the manufacturing of many industrial & consumer products. It is also used in chemical industries as a floatation agent, high-temperature adhesive, dispersing agent, and in the production of titanium dioxide. It is distinguished by four characteristics: grade, P2O5 content, chain length designation, and particle size. The grade is classified as technical grade and food grade. As a food-grade chemical, it is used in the food &beverage industry as a sequestrate or preservative adjunct in beverage, dairy, and other miscellaneous food items.

According to study, “World Sodium Hexametaphosphate (SHMP) Market Research Report 2024(Covering USA, Europe, China, Japan, SEA, and India)” the key companies operating in the world Sodium Hexametaphosphate (SHMP) market are Aditya Birla Chemicals, Prayon, TKI Hrastnik d.d., Mexichem, Weifang Huabo Chemical Co. Ltd., Recochem Inc., Tianrun Chemical, Xingfa, Chengxing Group, Innophos Holdings Inc., Israel Chemicals Limited (ICL), Huaxing Chemical, Xuzhou Tianjia Food Chemical Co., Ltd., Guizhou Sino-Phos Chemical Co. Ltd., Hens, Weiku, KDM, Sichuan Blue Sword Chemical (Group) Co., Ltd., Sundia, Mianyang Aostar Phosphorus Chemical Industry, Kraft Chemical Company Inc., Hubei Xingfa Chemical Group, Nandian Chemical, Jinshi, Chongqing Chuandong Chemical (Group) Co. Ltd., Norwest Chemical, Jinguang, Tianyuan. Key manufacturers are investing to enhance production SHMP in order to meet growing demand from consumers.

Based on product type, the SHMP market is segmented into technical grade and food grade. Food grade is preferred as a texturizer or buffering agent in the manufacturing of milk-based beverages, processed meat, cheese, and many other food & beverage products. Based on the form type, the market is segmented into glassy, granular or flaky and powdered. Based on the application market is segmented into detergents & cleaners, water treatment formulations, titanium dioxide production, water softening, food additive (sequestration, nourishing, quality improvement, preservation, texturization, leavening, thickening, emulsification, etc.) and others. In addition, based on end-use industries, the market is segmented into the paper industry, chemical industry, food & beverage industry, petroleum industry, and others.

The SHMP market is driven by a rise in demand from end-use industries, followed by an increase in awareness for eco-friendly industrial processes and a rise in water treatment plants. However, stringent trade regulations, harmful side effects, and higher consumption cause pancreatic cancer & kidney problems that may impact the market. Moreover, food-grade SHMP must meet the supplies of the Food Chemicals Codex (FCC), which states the quantity of possible toxic contaminants, good manufacturing practices, and pH the range for sodium hexametaphosphate.

Based on geography, China's country holds a major share, followed by Europe in the SHMP market owing to the high presence of manufacturers in the country. China is the largest producer while USA country is the net importer of SHMP. USA country is expected to witness lucrative growth due to the rise in government antidumping taxes on Chinese and European exporters over the forecast period. The global market is projected to grow at a CAGR of approximately 2.8% over the next five years, will reach the US $640 million in 2024, from the US $540 million in 2019.

To Know More, Click On The Link Below:-

World Sodium Hexametaphosphate (SHMP) Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Rise in Oil & Gas Exploration Activities Expected to Drive World Silicon Nitride Balls Market over the Forecast Period: Ken Research

Buy Now

Silicon nitride is a composition of silicon and nitrogen chemical elements. It is thermodynamically stable and used in an extensive range of applications. Silicon nitride balls are made from silicon nitride powder by a series of processes, also known as silicon nitride ceramic balls. These balls are gray or black in color and are mainly used in bearings. These balls are appropriate for applications where factors for instance high loads, high speeds, and extreme temperatures are required. These are lighter than steel, non-porous, non-magnetic, and non-corrosive. These balls are non-porous, thus, they are capable of rotating faster than steel balls and are approximately frictionless. Silicon nitride balls are used for high running speed and for high temperature applications in machine tool spindles, motor racing, high speed air turbine bearing, dental drills, aerospace, and in biotechnology industry. Additionally, silicon nitride (Si3N4) ceramic has become a standard ceramic ball material for hybrid ball bearings, which is very hard, over 2000 Knop, and very wear resistant. Moreover, weight of these balls in only 40% of steel at 3.2 grams per cm, and it has excellent facture strength even at elevated temperature.

According to study, “World Silicon Nitride Balls Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world silicon nitride balls market are Toshiba Corp., ITI, CoorsTek, Ortech Advanced Ceramics, Salem Specialty Ball, Inc., Winsted Precision Ball, Redhill-balls, Spheric Trafalgar, Thomson Industries Inc., Hoover Precision Products Inc., Sinoma, Jiangsu jinSheng, Boca Bearing, Shanghai Million Unite, TN Americas Holdings, Inc., Zhongbo Ceramics, SRIM, ShenZhen JiuZhou Grinding, HeFei Moke New Material, Meishibang Fine Ceramic, HSCCER, Enduro, Tsubaki Nakashima, Timken, Kyocera, ZYS Bearing, SKF. Key companies are concentrating on silicon nitride balls research & development (R&D), along with acquisitions, mergers, and innovations in products, in order to support their market share.

Based on product type, silicon nitride balls market is segmented into Hot Isostatic Pressing (HIP) and Gas Pressure Sintering (GPS). Based on raw material, market is segmented into sintering aids (aluminum oxide and yttrium oxide) and silicon nitride fine powder. Based on size, market is segmented into <0.5 inch, 0.5-1.0 inch, 1.0-1.5 inch and >1.5 inch. Based on application, market is segmented into silicon nitride ball valve, silicon nitride bearing and others. Silicon nitride bearing operates at high temperature and minimum lubrication. In addition, based on end-use, market is segmented into aerospace, machine tools, automotive, energy, and others. In aerospace, these balls are used to reduce & maintain the weight.

The silicon nitride balls market is driven by increase in oil & gas exploration activities, followed by rise in technological advancements. However, high cost of product may impact the market. Moreover, rise in applications across various end-use industries is a key opportunity for market.

Based on geography, China country holds major share in silicon nitride balls market owing to growth in end-user industries in the country. The USA country is expected to witness higher growth rate due to rise in automotive industries and increase in disposable income of customers over the forecast period. The global market is projected to grow at a CAGR of approximately 5.7% over the next five years, will reach US $260 million in 2024, from US $200 million in 2019.

To know more, click on the link below:-

Global Silicon Nitride Balls Market Research Report 

Related Reports:-

Silicon Nitride Balls Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Landscape of the Middle East Healthcare Market Outlook: Ken Research

Buy Now

The Middle East Healthcare Market is one of the firmest increasing markets in the globe with the handsome growth rate during the reviewed period. The people around the Qatar are fronting numerous healthcare problems owing to the sedentary lifestyle and fast food consumption habits, namely diabetes, obesity and several other cardiovascular diseases, which are desiring for the technologically advanced healthcare infrastructure. The Middle East has been exponentially enlarging its national healthcare system to attain the requirement of its people and support the commercial diversification. The region has been advancing its infrastructure involving diagnostic labs, hospitals, and clinics in addition to the advancement of the local clinicians, specialized doctors and diabetes. Furthermore, all these aspects, fast increasing and ageing populace in the region further add to the benefits for the Middle East healthcare market.

In Qatar, the medical devices market is an import device market in context to medical devices. The imports of the medical devices registered for a lion share of effective percentage from the total revenue market in the recent past years. The market is witnessed to increase at a rapid pace of effective percentage by value from the recent past years to present due to the enlarging healthcare infrastructure in the region, both the private and government healthcare segment are investing heavily to deliver the region satisfactory healthcare infrastructure solutions to the residents and expats. The Diagnostic imaging items were witnessed to attain the foremost share of the market in the recent past, however Scintigraphic apparatus and Magnetic resonance imaging apparatus recounted the maximum growth in the recent past.

The Qatar having one of the maximum GDP per capita, the healthcare professionals and population of the region around the nation prefer the branded medical devices from Roche, Abbott, Biomeriux, Becton Dickinson, delivering all of them important position in the market. In addition, the Pharmaceuticals market in the Middle East is extremely dependent upon the imports of pharmaceutical products. The increasing commonness of the chronic diseases among the fast increasing populace of Middle East was the foremost factor responsible for the growth of the pharmaceutical products market in the Middle at a speedy pace. Whereas, the Qatar Pharma is the foremost domestic player which is producing drugs for the Qatar pharmaceuticals market.

Although, in the Middle East the hospital market has positively witnessed speedy increase in the number of inpatients and outpatients. The effective involvement from the pharmacy store augmented to a great magnitude due to the augmented sales of the medical devices and cosmetic products from the hospital grounded pharmacies, creating the high revenue.

Not only has this, the growing self-care assertiveness among people attached with the increasing pervasiveness of the chronic diseases was the foremost factor which has led to growth of autonomous diagnostic laboratories. Radiology tests created the comparatively subordinate share of the market majorly owing to the existence of limited number of radiology services involving X-ray and ultrasound and sophisticated prescription of pathology tests over radiology tests. Therefore, in the near years, it is anticipated that the market of Middle East healthcare market will increase more positively over the recent decades.

For more information, click on the link below:

Middle East Healthcare Market

Contact Us:    

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249

Brazil Road Freight Market Outlook to 2023 – Ken Research

Buy Now

The report titled “Brazil Road Freight Market Outlook To 2023 – By International and Domestic Freight, Domestic Flow Corridors, International Flow Corridors, End Users, Integrated and Contract Logistics” provides a comprehensive analysis of Road Freight market in Brazil. The report covers the overall size and future outlook of Brazil Road Freight in terms of value, segmentation on the basis of International and Domestic Flow Corridors, End Users, Integrated and Contract Logistics. It also covers the competitive landscape and company profiles, future predictions and analyst recommendations highlighting the major opportunities and challenges.

Brazil Logistics Industry Overview and Size by Revenue and Fleets

Road Freight is growing mainly due to the growing agricultural exports to South American countries and increasing automotive sector. The healthcare and pharmaceutical industry along with the e commerce and express delivery market are increasing the demand for door to door logistics in Brazil. Poor road infrastructure, low margins, increasing road accidents and theft are the major factors limiting growth in the market. The market is strictly regulated by RNTRC with electronic freight payments and toll vouchers paid by the companies to the truckers. More vehicles are registered under the company’s name in comparison to freelancers and cooperative ones.

Brazil Freight Forwarding Industry Segmentation

By Domestic and International Freight

Domestic freight dominated the market due to the poor railway connectivity that is concentrated in south eastern region of Brazil which makes road the only means to transport the goods. Sau Paulo, Rio de Janeiro, Minas Gerais, Amazonas, Brasilia are some of the hubs that have contributed to domestic road freight in the country. Trade agreements such as MERCOSUR and free trade agreements with other countries are contributing to International freight in the market.

By Domestic Flow Corridors

Sau Paulo- Rio De Janeiro is the most important domestic route connecting the country’s rich industrial and commercial hubs with large population. It is an important transit route for cargo intended for the states of Minas Gerais and Espírito Santo, and for the northeastern and southern regions. 

By International Flow Corridors

MERCOSUR is a trade agreement amongst the South American nations that are contributing to the increasing trade with other nations such as Argentina, Bolivia, Uruguay, Paraguay and Others. Bridges at Fray Bentos and Paysandú in Uruguay, Friendship Bridge in Paraguay and many more are easing out the trade by road.

By End Users

Brazil’s Agricultural Miracle has credited industrial agribusiness and boosted agricultural exports such as soybean, coffee and exotic fruits from Amazonas such as Umbu and Cupua. 89,368 retail stores, boosting e commerce websites such as Americanas, Casas Bahia, increasing mobile internet users are increasing retail market in the country. Automotive sector and pharmaceutical sector is thriving but lacks legislation. Others include plastic products, rubber materials, chemicals and oil and iron metals that are generally transported by sea and are carried by road till the seaports.

By Contract and Integrated Logistics

Contract logistics dominates the market as it results in economies of scale and economies of scope, saving on capital investments, and reducing financial risks. The trucking companies generally outsource the work to the self employed truckers and local players in the market.

Competitive Scenario

The industry is quite fragmented with more than 152,165 carrier companies registered under RNTRC. The industry is dominated by local domestic players such as JSL S.A, Ritmo logistics, Braspress Logistics and International players include DHL Global forwarding, Kuehne +Nagel and CEVA logistics. The Industry has self-employed truck drivers that are either contacted by the companies directly or connect with companies based on their ratings on aggregator type platforms such as Truckpad and CargoX for better fares. The Industry is at a growth stage in terms of parameters such as technology, efficiency and service portfolio but the logistics cost is very high in the market.

Future Outlook and Projections

Brazil Road Freight market is projected to grow during the forecast period 2019-2023F due to concessioning the highway development projects to private companies. The key growth drivers for the market include improvement in automotive sector and healthcare industry and rising online purchases which has augmented the E-commerce market. The International road freight is expected to increase due to the free trade agreements with Chile, Inclusion of Bolivia in MERCOSUR and highway developments to connect nearby countries by road. Minimum freight law established by the government is expected to regulate the market in future.

Key Segments Covered

Brazil Road Freight Market

Revenue By Type of Freight

International Freight

Domestic Freight

Revenue By Domestic Flow Corridors

Sau Paulo-Port Alegre- Sau Paulo

 Sau Paulo-Rio de Janeiro- Sau Paulo

Santos- Brasilia- Santos

Others

Revenue By International Flow Corridors

Argentina

Chile

Colombia

Paraguay

Uruguay

Bolivia

Others

Revenue By Contract and Integrated

Contract Logistics

Integrated Logistics

Revenue By End User (Industry size covered)

Food and Beverages

Consumer Retail

Automotive

Healthcare

Others (Chemical products, fertilizers, Rubber and plastic products etc)

Companies Covered

DHL

CEVA Logistics

Kuehne+Nagel

JSL S.A.

Ritmo Logistics

Braspress Logistics

Expresso Nepomuceno

Key Target Audience

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Private Equity Investors and Venture Capitalists

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023F

Key Topics Covered in the Report:-

Logistics Infrastructure in Brazil

Brazil Road Freight Market Overview

Brazil Road Freight Market Size

Brazil Road Freight Market Segmentation

Competitive Scenario in Brazil Road Freight Market

Company Profiles of Major Players in Brazil Road Logistic Market

Case Study on Manbang Group, Truckpad and CargoX

Brazil Road Freight Market Future Outlook and Projections

Brazil Road Freight Future Market Size

Brazil Road Freight Market Future Segmentation

Analyst Recommendations

For more information, refer to below link:

Brazil Road Freight Market

Related Reports

Kenya Freight Forwarding Market Outlook To 2023 - By Sea, Land, Air, Rail And Pipeline Freight; International And Domestic Freight, Integrated And Contract Logistics Freight Forwarding

Uganda Freight Forwarding Market Outlook To 2023 - By Road, Rail And Air Freight; International And Domestic Freight, Integrated And Contract Freight And By End Users (Food And Beverages And Consumer Retail, Automotive, Healthcare And Others)

South Africa Logistics Market Outlook To 2023 - By Sea, Land, Air Freight Forwarding; International And Domestic Freight, Integrated And Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics And E-Commerce Logistics

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com
+91-9015378249

Profitable Landscape Of The Asia Pacific Remittance Market Outlook: Ken Research

Asia Pacific Remittance market has been investigated to be concentrated for the banks whereas the moderately scrappy for the non-banking institutions in the recent past years. The market has been located to be at advanced stage. In the Asia Pacific region, the market consists of banks, money transfer operators, postal connections, mobile wallets as foremost entities wherein it is main stream registered by Banks and MTOs. The protuberant business policies and strategies accepted by the foremost players to position themselves in the market involve forming a widespread network and improved reach, new services established and service advanced and better pricing and handy/transparent functions obtainable. The market has been effectively fostered by the augmented migration, better legislative surroundings in the form of relaxed policies, augmented consciousness towards the digitalized remittance services and advancements in the digital payments connection and Fintech space.

In the coming years, the corporates would be enlarging with the help of acquisitions, tie-ups, augmented digital modes of money transfer such as mobile benefits and M-wallets, depressed price of sending money and speedy transfer speed. The proportion of the inbound remittance in the total remittance decreased accounting an effective CAGR while outbound the penetration augments at an effective percentage during the recent time in the terms of remittance value. In the terms of volume of transactions, outbound transaction augment manifold in terms of CAGR accounted by the inbound transactions during the forecast duration.

The market has presented a secure growth in the terms of transaction value supported by an augment in both inbound and outbound international remittances. The entire transaction value enlarged presenting an effective CAGR. This was effectively fostered by an increase in the international outbound remittances, which is led by an effective growth in the employment prospects in the respective region across the Asia Pacific region. In addition the development in the Fintech startups and government rolling out mobile payments benefits underwritten to this advancement.

Although, by the channel, choice of a remittance channel based on the convenient of access for the payer and payee, cost included variety of products and services suggested, amount of remittance and several other aspects. The Prime remittance channels in the several regions of Asia Pacific economy are the Banks and Non-banks, where non-banks can be further sectored into MTOs, M-wallet, informal channels and Post Offices. Non-banks is majorly registered by MTOs. The Post Offices have amalgamated with the Western Union, and as a result, all the transactions of the post offices are commenced by the Western Union in the region. Across in the several regions of Asia Pacific, the banks have mainstream of the market share in the international remittance market by the entire capacity of the transaction in the recent past. However, the non-banks control slightly higher markets share in the terms of volume of transactions in the international outbound remittance market.

The remittance market growth will be suggested by the advancement in the Fintech and digital payments, with the more utilization of the mobile wallets and mobile benefits. The growing mobile phone dissemination, growth in the possession of smart-phones rate and augmented access and utilization of internet services would foster the growth. Therefore, in the near years, it is predicted that the remittance market will increase more positively over the coming years.

For more information on the research report, refer to below link:-

Asia Pacific Remittance Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Rise in Demand from Health Care Industry Expected to Drive World Triclosan Market over the Forecast Period: Ken Research

Buy Now

Global Triclosan Market: - Triclosan is an antibacterial & antifungal agent with a slightly aromatic odor. Its chemical formula is C12H7Cl3O2; it is white to off-white crystalline solid, which is easily solvable in dilute alkali solutions or sparingly soluble in water. Its functional group includes both phenols and ethers. It is an ingredient added to the customer products to reduce & prevent bacterial contamination. It is widely used in various products for instance detergents, soaps, body washes, toothpaste (prevent gingivitis), and cosmetics to prevent the growth of bacteria. It is also used in food storage containers, furniture, kitchen utensils, as a bactericide.

The key benefits are effective against bacteria as well as some protozoa and fungi, preservative, antiseptic, disinfectant in healthcare. Apart from benefits, few of the side-effects are an abnormal endocrine system or thyroid hormone signaling and weakening of the immune system, etc.

According to the study, “World Triclosan Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world triclosan market are BASF SE, Dev Impex, Kumar Organic Products Ltd., Suraj Impex, Salicylates and Chemical Pvt. Ltd., Jiangsu Huanxin High-tech Materials Co., Ltd., Equalchem, Vivimed Labs, Sino Lion, Jiangsu Yike Chemical Co., Ltd., R.A. Dyestuff (India) Pvt. Limited, Hunan Lijie, Shandong Aoyou, Xiangyun Group, Spectrum Chemical Manufacturing Corp., Xian MEHECO, Cayman Chemical, Yichang Yongnuo. Key manufacturers are focusing on shifting their production base in developing regions owing to the comparatively easy availability of labor, land and governmental subsidies.

Based on the grade type, the triclosan market is segmented into technical grade and commercial grade. Based on purity, the market is segmented into 98% purity, 99% purity, and >99% purity. In addition, based on end-use industries, the market is segmented into personal care products, healthcare, cosmetics, and others. Personal care products and cosmetics segments include medicinal soaps, face creams, disinfectant liquid soaps, shampoos, antibiotic perfumed soaps, washing powder, and dinnerware detergents.

The triclosan market is driven by rapid growth in the health care industry, followed by a rise in demand for paints & coatings from the construction industry, an increase in disposable income and a change in lifestyle. In addition, it is used as surface biocide in food contact materials and as a disinfectant in feed & food production. Thus, due to the widespread usage and consumption of triclosan is projected to rise over the near future. However, side effects associated with triclosan, rise in concern towards the environment, growth in the development of alternative products and an increase in government regulation may impact the market.

Based on geography, China country holds major share in the triclosan market owing to the rise in demand from end-use industries and growth in the population in the country. EU and the USA are expected to witness lucrative growth due to high demand from the health care industry over the forecast period. It is anticipated that the future of the market will be bright on account of the presence of a limited number of global as well as regional players during the forecast period. The worldwide market is projected to grow at a CAGR of approximately -12.4% over the next five years, will reach the US $38 million in 2024, from the US $84 million in 2019.

Global Triclosan Market: Product Segment Analysis

Industrial Grade

Pharmaceutical Grade

Global Triclosan Market: Application Segment Analysis

Cosmetics

Other Personal Care Products

Paints

Disinfection and medical

Other

Global Triclosan Market: Regional Segment Analysis

USA

Europe

Japan

China

India

Southeast Asia

The Players mentioned in our report

BASF

Kumar Organic

Dev Impex

Salicylates and Chemical

Suraj Impex

Equalchem

Sino Lion

Jiangsu Huanxin

Hunan Lijie

Vivimed Labs

Shandong Aoyou

Xian MEHECO

Xiangyun Group

Yichang Yongnuo

To Know More, Click On The Link Below:-

Global Triclosan Market Analysis

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

Increase in Production of Semiconductors Expected to Drive World Silicon Metal Market over the Forecast Period: Ken Research

Buy Now

Silicon metal is a grey metallically glossy semi-conductive metal which is used in the manufacturing of steel, solar panels, aluminum alloys, and microchips. It is also known as semi-metallic or metalloid. It is generally produced by smelting quartz & coke in a submerged in an energy-intensive, electric arc furnace. It acts as a raw material for a huge number of industrial & consumer products for instance sealants, lubricants, coatings, adhesives, and polishes & cosmetics. It is necessary in the production of aluminum & chemical products. It is also an essential material in electronics or solar industries. Its electrical properties are modified through a process called doping, which make it an ideal material for constructing transistors that amplify electrical signals. It possesses a restrained energy band gap of 1.12eV at 0 K, which makes it a stable element. The key properties are machinability, high melting point, high corrosion resistivity and high thermal conductivity.

According to study, “World Silicon Metal Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world silicon metal market are GSM, Simcoa Operations Pty Ltd., Silicon Metal Industries, Ferroatlantica, Wacker Chemie AG, Dow Corning, RW silicium GmbH, Rima Group, G.S. Energy, The Quartz Corporation, UC RUSAL, Hoshine Silicon, MINASLIGAS, Elkem, Yunnan Yongchang, Sanxin, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd., Liaoning Shuangyi, BlueStar Silicon Material, DaTong Jinneng, Wynca Group, Globe Speciality Metals Inc., Pengcheng Guangfu, Neoplant, H.C. Starck, S+A Blackwell, Zhongcheng Silicon, Mississipi Silicon, Liasa, Panadyne Inc., Micron Metals, Minhang Silicon, Dadi Zelin Silicon, Zhong Yu Jin Ming Silicon, ABSCO, CNPC Powder, Mingrui Siliocon, Yinfeng Silicon Products, Yafei Alloy, Sanhui Naihuo, VestaSi, Anyang Yuda Silicon, Jiuzhou Silicon, BAIDAO.

Based on grade type, silicon metal market is segmented into chemical grade silicon metal and metallurgy grade silicon metal. Metallurgical grade silicon metal segment is pure silicon metal comprising almost ninety-nine percent purity. Based on product type, market is segmented into content 98%-99%, content 99%-99.5% and content > 99.5%. Based on sales channel, market is segmented into direct sales channel and distribution sales channel. In addition, based on application, market is segmented into aluminum alloys, solar panels (satellites, watches, electrical fences, and calculators), electronic semiconductors (printed circuit boards, integrated circuits and transistors), silicones/silanes, stainless steel, laboratory reagents and other applications.

The silicon metal market is driven by rise in demand from solar industry, followed by increase in demand for aluminum-silicon alloys, rise in production of semiconductors, growth of automotive sector and rise in demand for portable electronics, automobiles, and solar panels. However, high cost of production may impact the market. Moreover, rise in demand for solar panel is a key opportunity for market.

Based on geography, China and India countries hold major share in silicon metal market owing to rise in demand for automobiles, large investment opportunities and increase in population in the countries. USA and Europe regions are expected to witness higher growth rate due to rise in automotive industries and increase in disposable income of consumers over the forecast period. The worldwide market is projected to grow at a CAGR of approximately 4.2% over the next five years, will reach US $8330 million in 2024, from US $6520 million in 2019.

To know more, click on the link below:-

Global Silicon Metal Market Research Report

Related Reports:-

Global Silicon Metal Powder Market Report 2019, Competitive Landscape, Trends and Opportunities

High Purity Silicon Metal Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249