Sun shines on the Silicon MarketBy Roskill Information Services, PRNE
Wednesday, June 15, 2011
LONDON, June 16, 2011 -
Silicon and Ferrosilicon: Global industry markets and
outlook (13th edition)
The major recent development in the silicon industry is the
tripling of demand for solar grade polysilicon, with the
expectation that the quantity used in solar photovoltaic (PV)
modules will start to rival that in the high volume silicon markets
within a few years. Furthermore, high value solar grade
silicon allows much higher profit margins than the bulk
Silicon recovering from the impact of
the global recession
After contracting sharply in 2009, global demand for both
silicon and ferrosilicon recovered in 2010 to about 1.8Mt and 7.4Mt
(gross wt) respectively. In 2010, China was the largest
consumer of silicon products, due primarily to growing demand for
steel and aluminium products.
World production of silicon metal increased from about 1.1Mt in
2001 to 1.76Mt in 2010, mainly because of increasing Chinese
output. Silicon metal was produced in fifteen countries in
2010, and Chinese production accounted for about 46% of the world
Mainly because of over capacity in China, some of which is used
seasonally, world silicon production capacity is about two third
World production of ferrosilicon in 31 countries totalled about
7.1Mt in 2010, recovering from 6.1Mt in 2009.
Aluminium and steel still largest
end-uses for silicon and ferrosilicon
The main markets for silicon metal in 2010 were as an alloying
element with aluminium (45%), in silicone and silane chemicals
(35%) and PV (12%). The market for ferrosilicon is largely in
steel (85%) and cast iron (15%), with very small amounts used in
non-ferrous alloys, dense media and other applications.
Although most aluminium products and components contain some
silicon, the bulk is added to cast aluminium used in automobile
engine components. Cast aluminium alloys contain up to 23%Si,
and typically 7%Si, and account for over 80% of silicon metal
consumption in aluminium alloys.
Most silicon consumed by steel makers is in the form of 50%Si
and 75%Si grade ferrosilicon, with 75%Si grade prevailing.
The term ’silicon steels’ generally refers to those carbon
steels containing above 0.4%Si.
Silicon market outlook bright due to
In 2010, solar photovoltaics were generating electricity in more
than 100 countries, and are the fastest growing power-generation
technology in the world. Grid connected solar capacity was
about 30GW at the beginning of 2011, still a tiny fraction of the
5TW (terawatt) of total global power-generating capacity.
Between 2004 and 2010, grid-connected solar capacity
increased at an annual average rate of 60%. Off-grid solar
installations account for about an additional 4GW.
Driven by advances in technology and scale, the cost of solar
power installations has declined steadily, and financial
incentives, such as preferential feed-in tariffs for
solar-generated electricity and government subsidies for new
installations, have supported solar installations in many
As costs of both producing solar grade silicon and generating
solar energy fall, demand for silicon will rise. As the solar
energy market expands and matures, growth rates of 50% to 60%py
will become less common, but in the period up to 2015, an average
growth rate in demand for silicon of 20%py is likely, resulting in
a market of about 535kt.
Although demand for silicon in solar energy will increase
sharply, we expect the largest end-uses for silicon metal and
ferrosilicon to remain in aluminium and steel, respectively.
Growth in demand for silicon as an alloying element in aluminium
will continue to depend largely on the use of cast aluminium
components by the world’s automobile industries. Increased
global demand for all forms of silicon-bearing aluminium alloy in
the medium term will largely depend on the expansion of Asian
economies, as automobile production, electrification and
construction grow. As a result of this expected demand,
silicon consumption in aluminium alloys is expected to grow by
around 5% per year over the next five years.
Demand for ferrosilicon in steel will be driven by rising steel
production in emerging markets, particularly in the BRIC countries,
with total world crude steel production forecast to grow by an
annual average rate of 5-6% through to 2015.
Although falling sharply in 2009, silicon prices have reacted
strongly over the latter half of 2010 and early 2011, getting back
to the record levels seen in early 2008 In the longer
term, assisted by anti-dumping duties in both the USA and Europe
and high power costs in China, there appears to be no reason why
silicon prices should not remain above US$3,000/t, possibly moving
towards US$4,000/t from 2013 onwards.
Silicon and Ferrosilicon: Global industry markets and
outlook, 13th edition is available at £3300 / US$5400 / €4600
from Roskill Information Services Ltd, 54 Russell, London SW19 1QL,
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Note to editors
The report contains 270 pages, 86 tables, 123 figures. It
provides a detailed review of the industry, with subsections on the
activities of the leading producing companies. It also analyses
consumption, trade and prices.
For further information or a review copy of this report, please
contact Khayyam Jahangir ( href="mailto:firstname.lastname@example.org">email@example.com). To
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Silicon and Ferrosilicon: Global Industry Markets and Outlook, 13th edition Table of Contents 2011 1 Summary 1.1 Production 1.2 Consumption 1.3 Prices 1.4 Market outlook 2 Occurrence, history and properties of silicon and ferrosilicon 2.1 Occurrence and resources of silicon 2.2 Properties of silicon 3 Production processes, production costs and grades of silicon and ferrosilicon 3.1 Silicon production processes 3.2 Ferrosilicon production processes 3.3 Silicon and ferrosilicon production costs 3.4 Grades of silicon and ferrosilicon 3.4.1 Silicon grades 3.4.2 Ferrosilicon grades 4 World supply of silicon and ferrosilicon 4.1 Silicon production 4.1.1 Silicon producing companies and capacities 4.1.2 Changes in silicon capacity 4.2 Ferrosilicon production 4.2.1 Ferrosilicon capacities and producing companies 4.3 New projects 5 Notes on silicon and ferrosilicon producing countries 5.1 Argentina 5.1.1 Electrometalúrgica Andina SAIC 5.1.2 Globe Metales SA 5.1.3 Industrias Siderurgicas Grassi 5.2 Australia 5.2.1 Simcoa Operations Pty Ltd. 5.2.2 Lithgow silicon project 5.3 Bhutan 5.3.1 Bhutan Ferro Alloys Ltd 5.3.2 SD Eastern Bhutan Ferro Silicon Pvt Ltd 5.4 Bosnia-Herzegovina 5.4.1 BSI d.o.o. 5.4.2 Ferrosil d.o.o. 5.5 Brazil 5.5.1 Silicon and ferrosilicon producing companies in Brazil 22.214.171.124 Cia Brasileira Carbureto de Cálcio 126.96.36.199 Dow Corning Metais do Pará Ltda 188.8.131.52 Cia de Ferro Ligas da Bahia (Ferbasa) 184.108.40.206 Cia Ferroligas Minas Gerais (Minasligas) 220.127.116.11 Italmagnésio Nordeste SA 18.104.22.168 Ligas de Alumínio SA (Liasa) 22.214.171.124 Ligas do Brasil SA 126.96.36.199 Nova Era Silicon SA 188.8.131.52 Rima Industrial SA 184.108.40.206 Rio Doce Manganês SA 220.127.116.11 Other companies 5.6 Bulgaria 5.7 Canada 5.7.1 Quebec Silicon Limited Partnership 5.7.2 Bécancour Silicon Inc 5.7.3 Elkem Metals Canada Inc. 5.7.4 Gossan Resources Ltd 5.8 Chile 5.9 China 5.9.1 Silicon producers in China 18.104.22.168 Dalian Kangning Silicon Development 22.214.171.124 Zhejiang Kaihua Yuantong Silicon 126.96.36.199 Yunnan Yongchang Silicon 188.8.131.52 Simag Industrial Corp 184.108.40.206 Jaco Metal Ltd 220.127.116.11 Ganzi Ferroatlántica Silicon Industry 18.104.22.168 Mangshi Sinice Silicon Industry/Ferroatlántica 22.214.171.124 Ruixin Mining 126.96.36.199 Other companies 5.9.2 Ferrosilicon producers in China 188.8.131.52 Dragon Northwest Ferroalloy 184.108.40.206 Erdos Electrical Power & Metallurgical 220.127.116.11 Inner Mongolia Baotou Daqingshan Smelting 18.104.22.168 Qinghai Wutong 22.214.171.124 Other companies 5.1 Egypt 5.10.1 Egyptian Ferroalloy Co 5.10.2 Egyptian Chemical Industries - Kima 5.11 France 5.11.1 FerroPem 5.12 Germany 5.12.1 RW Silicium GmbH 5.12.2 Other companies 5.13 Hungary 5.14 Iceland 5.14.1 Elkem Iceland 5.14.2 Timminco 5.14.3 Iceland Silicon Corporation (Globe) 5.15 India 5.15.1 Ferrosilicon producing companies in India 126.96.36.199 Indian Metals & Ferro Alloys Ltd (IMFA) 188.8.131.52 Sandur Manganese & Iron Ores Ltd 184.108.40.206 Silcal Metallurgic Ltd 220.127.116.11 Snam Alloys Pvt Ltd 18.104.22.168 VBC Ferro Alloys Ltd 22.214.171.124 Other producers 5.16 Iran 5.16.1 Iran Ferroalloy Industries Co 5.16.2 Iran Ferrosilice Co 5.17 Italy 5.18 Japan 5.19 Kazakhstan 5.19.1 Eurasian Natural Resources Corporation 5.19.2 Silicium Kazakhstan LLP 5.2 South Korea 5.21 Laos 5.22 Macedonia 5.22.1 Metal Invest EFT 5.23 Netherlands 5.24 New Zealand 5.25 Norway 5.25.1 Silicon and ferrosilicon producing companies 126.96.36.199 Elkem ASA 188.8.131.52 Fesil ASA 184.108.40.206 Wacker Chemie Ag 220.127.116.11 Finnfjord Smelteverk ASA 5.26 Poland 5.26.1 Huta Laziska SA 5.27 Romania 5.28 Russia 5.28.1 Silicon and ferrosilicon producing companies 18.104.22.168 Bratsk Ferroalloy (Mechel) 22.214.171.124 Chelyabinsk Electric Steelworks 126.96.36.199 JSC Kuznetskie Ferroalloys 188.8.131.52 Novolipetsk Steel 184.108.40.206 Rusal 220.127.116.11 Serovsky Ferroalloy Plant 18.104.22.168 Yurga Ferroalloys 5.29 Saudi Arabia 5.3 Slovakia 5.31 Slovenia 5.32 South Africa 5.32.1 Silicon and ferrosilicon producing companies in South Africa 22.214.171.124 Kumba Ferroalloys 126.96.36.199 Rand Carbide 188.8.131.52 Silicon Smelters (Pty) Ltd 184.108.40.206 Silicon Technology (Pty) Ltd (Siltech) 220.127.116.11 Siyanda-Inkwali Resources 5.33 Spain 5.33.1 Ferroatlántica SL 5.34 Sweden 5.35 Taiwan 5.36 Turkey 5.37 Ukraine 5.37.1 Silicon and ferrosilicon producing companies in Ukraine 18.104.22.168 Stakhanov Ferroalloy Works 22.214.171.124 Zaporozhye Ferroalloy Works 5.38 UK 5.39 USA 5.39.1 Silicon and ferrosilicon producing companies in the USA 126.96.36.199 CC Metals & Alloys Inc (CCMA) 188.8.131.52 Dow Corning Corp 184.108.40.206 Globe Specialty Metals 220.127.116.11 Northwest Silicon 18.104.22.168 Other producers of silicon and ferrosilicon 5.4 Uruguay 5.41 Venezuela 5.41.1 Ferro Atlantica of Venezuela (Ferroven) 6 Consumption of ferrosilicon and silicon metal 6.1 Consumption of silicon 6.2 Consumption of ferrosilicon 6.3 Consumption of silicon metal and ferrosilicon by use 7 Uses of silicon metal 7.1 Use of silicon metal in aluminium alloys 7.1.1 Markets for silicon-bearing aluminium alloys 7.1.2 Use of silicon-bearing aluminium alloys in transport 22.214.171.124 Motor vehicles 126.96.36.199 Railways 188.8.131.52 Aerospace 184.108.40.206 Marine 7.1.3 Use of silicon-bearing aluminium alloys in machinery and equipment 7.1.4 Use of silicon-bearing aluminium alloys in building and construction 7.1.5 Use of silicon-bearing aluminium alloys in consumer durables 7.1.6 Use of silicon-bearing aluminium alloys in electricity 220.127.116.11 Electricity transmission 18.104.22.168 Telecommunications 22.214.171.124 Other 7.1.7 Use of silicon-bearing aluminium alloys in containers and packaging 7.1.8 Uses of silicon-bearing aluminium alloys in other applications 126.96.36.199 Metallurgy 188.8.131.52 Other applications 7.2 Use of silicon in silicones and silanes 7.2.1 Silanes 7.2.2 Silicones 7.2.3 The markets for silicones 7.2.4 Producers of silicone products and intermediates 184.108.40.206 Dow Corning 220.127.116.11 Momentive Performance Materials 18.104.22.168 Wacker-Chimie GmbH 22.214.171.124 Shin Etsu 126.96.36.199 Bluestar Silicones 188.8.131.52 Evonik Industries 184.108.40.206 Chinese producers 7.3 Use of silicon metal in the production of polycrystalline silicon 7.3.1 Hemlock Semiconductor Group 7.3.2 Wacker Polysilicon 7.3.3 Tokuyama Corp 7.3.4 Renewable Energy Corporation 7.3.5 MEMC Electronic Materials 7.3.6 OCI 7.3.7 Chinese polysilicon companies 220.127.116.11 GCL-Poly Energy 18.104.22.168 LDK Solar 22.214.171.124 Other companies 7.3.8 Other producers 7.4 Use of silicon metal in photovoltaic (solar) cells 7.4.1 Solar wafers 7.4.2 Solar cells and modules 7.5 Use of silicon metal in semiconductors 7.5.1 Production of silicon semiconductor wafers 7.5.2 Markets for silicon semiconductor wafers 126.96.36.199 Silicon integrated circuits - chips 7.6 Other uses of silicon 7.6.1 Iron and steel 7.6.2 Superalloys 7.6.3 Nickel and iron-based alloys 7.6.4 Silicon nitride 7.6.5 Sialons 7.6.6 Silicon nanoparticles 7.6.7 Porous silicon 7.7 Microsilica and silicon carbide (carborundum) 7.7.1 Microsilica 7.7.2 Silicon carbide 8 Uses of ferrosilicon 8.1 Use of ferrosilicon in steel 8.1.1 Comparison of ferrosilicon and crude steel production 8.1.2 Crude steel production 188.8.131.52 Carbon steels 184.108.40.206 Production and consumption of carbon steels 8.1.3 Alloy engineering steels 220.127.116.11 Electrical steels 18.104.22.168 Full alloy steels 22.214.171.124 HSLA steels 8.1.4 Tool and high speed steels 126.96.36.199 Hot-work tool/die and valve steels 188.8.131.52 Cold-work tool steels 184.108.40.206 Carbon tool steels 8.1.5 Stainless steels 220.127.116.11 Production of stainless steel 18.104.22.168 Metallurgy of stainless steels 22.214.171.124 Markets for stainless steel 126.96.36.199 Process industries 188.8.131.52 Building and construction 184.108.40.206 Transport 220.127.116.11 Other 8.2 Use of ferrosilicon in cast iron 8.2.1 Production of cast irons 8.2.2 Metallurgy and applications of cast irons 18.104.22.168 Ductile cast iron 22.214.171.124 Acicular and austenitic grey cast iron 126.96.36.199 White, malleable and pearlitic cast irons 8.3 Other uses for ferrosilicon 9 Analysis of international trade data for silicon and ferrosilicon 9.1 International trade in standard grade silicon metal 9.1.1 Exports 9.1.2 Imports 9.2 International trade in high purity silicon 9.2.1 Exports 9.2.2 Imports 9.3 International trade in >55%Si ferrosilicon 9.3.1 Exports 9.3.2 Imports 9.4 International trade in <55%Si ferrosilicon 9.4.1 Exports 9.4.2 Imports 10 Outlook for silicon metal and ferrosilicon demand and future capacity 10.1 Outlook for silicon 10.1.1 Outlook for silicon in aluminium alloys 10.1.1.1 Transport 10.1.1.2 Machinery and equipment 10.1.1.3 Consumer durables 10.1.1.4 Construction 10.1.1.5 Electrical 10.1.2 Outlook for silicone-based chemicals 10.1.3 Outlook for silicon demand in solar cells 10.1.4 Outlook for silicon demand in semiconductors 10.2 Outlook for ferrosilicon 10.2.1 Outlook for use of ferrosilicon in steel 10.2.2 Outlook for ferrosilicon use in cast irons 10.3 Future silicon metal and ferrosilicon capacity 11 Prices and marketing of silicon and ferrosilicon 11.1 Silicon metal prices 11.1.1 Historic price trends of silicon metal 188.8.131.52 Price trends 1995 to 2003 184.108.40.206 Price trends 2004 to 2011 11.2 Ferrosilicon prices 11.2.1 Historic price trends for ferrosilicon 220.127.116.11 Ferrosilicon price trends 1995 to 2003 18.104.22.168 Ferrosilicon price trends from 2004 to 2011 11.3 Outlook for prices of silicon metal and ferrosilicon
Tags: June 16, London, Roskill Information Services, United Kingdom