Silicon and Ferrosilicon - Global Strategic Business Report

Silicon and Ferrosilicon - Global Strategic Business Report

Global Industry Analysts, Date of Publication: May 21, 2018, 342 Pages
US$4,950.00
GIA-MCP2138
This report analyzes the worldwide markets for Silicon and Ferrosilicon in Metric Tons by the following End-Use Applications: Silicon - Metallurgy, Chemicals, Semiconductors, and Others; Ferrosilicon - Ferrous Foundry, Steel Industry, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 44 companies including many key and niche players such as -

AMG Advanced Metallurgical Group N.V.
China National BlueStar (Group) Co., Ltd.
DowDuPont, Inc.
Evonik Industries AG
Ferroglobe PLC
Mitsubishi Materials Corporation

Silicon and Ferrosilicon - Global Strategic Business Report
TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Silicon                                                          I-3
       Ferrosilicon                                                     I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Silicon and Ferrosilicon: Essential Materials for Various End-
       Use Industries                                                   II-1
      Silicon Market: Metallurgy and Chemicals Industries Drive Growth  II-2
       End-Uses Market Dynamics of Silicon                              II-3
       Asia-Pacific Spearheads Growth in Silicon Market                 II-4
      Ferrosilicon Market - Positive Outlook in Store                   II-5
       Deoxidizer in Steel Production and Inoculant in Casting
        Industry - Major Applications of FeSi                           II-5
       Steel Production Leads the FeSi Market                           II-6
       Asia-Pacific Spearheads Growth in FeSi Consumption               II-7
      Silicon and Ferrosilicon Production                               II-7
       Table 1: Leading Silicon Producing Countries in the World:
       Production Volume in Thousand Metric Tons for the Years 2016
       and 2017 (includes corresponding Graph/Chart)                    II-8

       Table 2: Global Ferrosilicon Production by Country/ Region
       (2016) - Percentage Breakdown of Production Volume for
       Brazil, China, Europe, India, Malaysia, Russia, US and Others
       (includes corresponding Graph/Chart)                             II-9
      Competitive Landscape                                             II-9
       Table 3: Leading Players in the Global Silicon Metal Market
       (2016): Percentage Breakdown of Production Capacity for
       Chinese Producers, Dow Corning, Elkem, Ferroglobe, Rima,
       Simcoa, UC Rusal, Wacker and Others (includes corresponding
       Graph/Chart)                                                     II-10

       Table 4: Leading Producers of Ferrosilicon & Other Silicon
       Alloys Worldwide (2016): Breakdown of Production Capacity in
       Thousand Tons for CHEMK, Elkem, Ferroglobe and Privat Group
       (includes corresponding Graph/Chart)                             II-10

       Table 5: Leading Players in the Global Silicon Wafers Market
       (2017): Percentage Breakdown of Sales for GlobalWafers,
       Shin-Etsu, Siltronic, Sumco and Others (includes
       corresponding Graph/Chart)                                       II-10

  2. MARKET TRENDS, ISSUES & DRIVERS                                    II-11
      Demand for Crude, Finished and Recycled Steel: Strong Growth
       Driver for Ferrosilicon                                          II-11
       Global Steel Production and Demand Trends Sets the Tone for
        FeSi Market                                                     II-11
        Table 6: Global Crude Steel Production in Million Tonnes by
        Region for 2016 and 2017 (includes corresponding
        Graph/Chart)                                                    II-13

        Table 7: World Crude Steel Production Volume in Million
        Tonnes for Years 2010 through 2017 (includes corresponding
        Graph/Chart)                                                    II-14

        Table 8: Top 10 Countries Producing Crude Steel Worldwide -
        Ranked by Production Volume in Million Tonnes for the Years
        2016 and 2017 (includes corresponding Graph/Chart)              II-15

        Table 9: Global Steel Market by Region - Breakdown of Demand
        in Million Tonnes for the Years 2016-2018 (includes
        corresponding Graph/Chart)                                      II-16

        Table 10: Global Steel Consumption by End-Use Segment
        (2017): Percentage Breakdown of Volume Consumption for
        Automotive, Construction, Mechanical Engineering, Metal
        Products, Oil & Gas Exploration and Others (includes
        corresponding Graph/Chart)                                      II-16

        Table 11: World Apparent Steel Use Per Capita in Kg Crude
        Steel by Region/Country for 2016 (includes corresponding
        Graph/Chart)                                                    II-17

        Table 12: World Apparent Steel Use per Capita in kg Finished
        Steel Products by Region/Country for 2016 (includes
        corresponding Graph/Chart)                                      II-18
       Rising Demand for Recycled Steel Boosts Sales                    II-18
      Increasing Proliferation of Semiconductors in Electronics and
       Communication Devices Spurs Demand for Silicon                   II-19
       Table 13: Global Semiconductor Market Revenues in $ Billion
       for the Years 2015 through 2018 (includes corresponding
       Graph/Chart)                                                     II-20

       Table 14: Global Semiconductor Market by Region (2017):
       Percentage Breakdown of Revenues for Americas, Asia-Pacific,
       Europe, Japan (includes corresponding Graph/Chart)               II-21

       Table 15: Global Semiconductor Market by Product Segment
       (2017): Percentage Breakdown of Revenues for Discrete
       Semiconductors, Integrated Circuits, Optoelectronics and
       Sensors (includes corresponding Graph/Chart)                     II-21

       Table 16: Global Semiconductor Market by End-Use Sector
       (2017): Percentage Breakdown of Revenues for Automotive,
       Communications, Computers, Consumer and Industrial &
       Government (includes corresponding Graph/Chart)                  II-21

       Table 17: Global Semiconductor Silicon Wafer Market:
       Percentage Breakdown of Value Sales by Application for 2017
       (includes corresponding Graph/Chart)                             II-22
       Global Silicon Wafers Market on the Growth Trajectory            II-22
        Table 18: Global Silicon Wafer Shipments in Millions of
        Square Inches for Semiconductor Applications for the Years
        2015 through 2018 (includes corresponding Graph/Chart)          II-23
       Increasing Popularity of Silicon-On-Insulator Devices Promote
        Silicon Demand                                                  II-23
      Positive Growth Trends in the Solar PV Industry Strengthens
       Market Prospects                                                 II-23
       Table 19: Top 10 Countries Ranked by Installed Solar PV
       Capacity in GW for the Year 2016 (includes corresponding
       Graph/Chart)                                                     II-24
       Mono c-SI PV Module Technology to Capture Increasing Market
        Share                                                           II-25
        Table 20: Global Solar PV Market by Module Technology
        (2017): Percentage Breakdown of Shipments for Mono Si
        Modules, Multi Si Modules and Others (includes corresponding
        Graph/Chart)                                                    II-25
       Rising PV Installations: A Major Factor Responsible for
        Soaring Polysilicon Prices                                      II-25
        Table 21: Global Annual Installations of PV in GWp for the
        Years 2014 through 2017 (includes corresponding Graph/Chart)    II-26

        Table 22: Global Polysilicon Market (2017): Percentage
        Breakdown of Production Volume by Country (includes
        corresponding Graph/Chart)                                      II-26
      Fumed Silica Market - Expanding Applications Augur Well for
       Market Growth                                                    II-26
       Table 23: Global Fumed Silica Market by Application (2017):
       Percentage Breakdown of Value Sales for Adhesive & Silants,
       Battery Gel, Cosmetics, Paints & Coating, Pharmaceutical,
       Silicon Rubber, Unsaturated Polyester Resin (UPR) and Others
       (includes corresponding Graph/Chart)                             II-28
      Steady Demand from End-use Industries Propels Growth in
       Silicon Carbide Market                                           II-28
       Table 24: Global Silicon Carbide Market for Semiconductor
       Applications: Percentage Breakdown of Value Sales by End-Use
       for 2017 (includes corresponding Graph/Chart)                    II-29

       Table 25: Top Countries Producing Silicon Carbide Worldwide:
       Percentage Breakdown of Production Volume by Country for 2017
       (includes corresponding Graph/Chart)                             II-30
      Increase in Construction Activity Bodes Well for the Market       II-30
       Table 26: Global Construction Output by Country (2016):
       Breakdown of Construction Output (US$ Billion) and Percentage
       Change by 2022 (includes corresponding Graph/Chart)              II-32

       Table 27: Growth in the Global Construction Market by Sector:
       2018-2022 (includes corresponding Graph/Chart)                   II-33
      Stable Automobile Production Trends Present Positive Prospects
       for Si and FeSi Market                                           II-33
       Table 28: Global Automobile Production in Million Units for
       the Years 2016, 2018 & 2020 (includes corresponding
       Graph/Chart)                                                     II-34
      Positive Global Economy Buoys General Market Optimism             II-34
       Table 29: World Real GDP Growth Rates in % by Country/Region
       for the Period 2016-2019 (includes corresponding Graph/Chart)    II-37

       Table 30: Global Manufacturing Purchasing Managers' Index
       (PMI) Points for the Years 2012 through 2017 (includes
       corresponding Graph/Chart)                                       II-38

  3. KEY ISSUES AND THREATS CONFRONTING THE MARKET                      II-39
      Silicon and Ferrosilicon Prices: Highly Sensitive to Soaring
       Energy Costs                                                     II-39
      Amorphous Silicon Thin-Film Market Shrinking!                     II-39
      Smaller Companies Face High Entry Barriers to Establish New
       Polysilicon Production Capacities                                II-39
      Thin Film PV: A Threat to Crystalline Silicon Technology          II-40
       Table 31: Comparison of Solar Cell Efficiencies for
       Crystalline Silicon and Thin Films with respect to
       Temperature (includes corresponding Graph/Chart)                 II-40
       Table 32: Efficiency Drop of Crystalline Silicon Technology
        with respect to Different Conditions                            II-41
      Growing Popularity of Silicon-Free Defoamers Casts a Dampener     II-41

  4. PRODUCT OVERVIEW                                                   II-42
      Silicon                                                           II-42
       Definition                                                       II-42
       Physical Properties                                              II-42
       Production Process                                               II-42
        Production of High Purity Float Zone (HPFZ) Silicon             II-42
       Chemical Variants                                                II-43
        Silicon Carbide                                                 II-43
         Applications of SiC                                            II-43
        Fumed and Activated Silica                                      II-43
       Silicon Substitutes                                              II-44
       Medicinal Properties                                             II-44
      Ferrosilicon                                                      II-44
       Ferrosilicon Substitutes                                         II-44

  5. RECENT INDUSTRY ACTIVITY                                           II-45
      Nexeo Solutions and Cabot Ink Distribution Agreement              II-45
      Evonik to Invest to Expand Fumed Silica Capacity in Antwerp       II-45
      American Alloy Acquisition to Acquire CC Metals & Alloys          II-45
      Cabot and Hengyecheng Silicone Commence Construction of New
       Fumed Silica Plant in China                                      II-45
      Cabot to Build New Facility for Fumed Silica in Kentucky          II-45
      Elkem Acquires Two Manufacturing Plants in China                  II-45
      Mitsubishi Materials Develops Technology for Manufacturing
       Columnar Crystal Silicon                                         II-45
      Eusider Inks Exclusive Distribution Agreement with Iran
       Ferroalloys Industries Company                                   II-46
      Wacker Chemie Establishes New Plant for HDK® Pyrogenic Silica
       in Tennessee                                                     II-46
      Wacker Chemie Expands Production Capacity of HDK® Pyrogenic
       Silica                                                           II-46
      Elkem Acquires Fesil                                              II-46
      Azerbaijan to Commence Production of FeSi and FeSiMn              II-46

  6. FOCUS ON SELECT GLOBAL PLAYERS                                     II-47
      AMG Advanced Metallurgical Group N.V. (The Netherlands)           II-47
      China National BlueStar (Group) Co., Ltd. (China)                 II-47
       Elkem AS (Norway)                                                II-47
       The Lanzhou BlueStar Silicon Materials Co., Ltd. (China)         II-48
      DowDuPont, Inc. (USA)                                             II-48
       Hemlock Semiconductor Corporation (USA)                          II-48
      Evonik Industries AG (Germany)                                    II-49
      Ferroglobe PLC (UK)                                               II-49
      Mitsubishi Materials Corporation (Japan)                          II-49
       Mitsubishi Polysilicon America Corporation (USA)                 II-50
      OSAKA Titanium Technologies Co., Ltd. (Japan)                     II-50
      REC Silicon ASA (Norway)                                          II-50
      Simcoa (Silicon Metal Company of Australia) Operations Pty
       Ltd. (Australia)                                                 II-50
      Shin-Etsu Chemical Co., Ltd. (Japan)                              II-51
      Sumco Corporation (Japan)                                         II-51
      The Rima Group (Brazil)                                           II-51
      Tokuyama Corporation (Japan)                                      II-51
      Wacker Chemie AG (Germany)                                        II-52

  7. GLOBAL MARKET PERSPECTIVE                                          II-53
      Global Silicon and Ferrosilicon Market: Analytics by
       Geographic Region                                                II-53
       Table 33: World Recent Past, Current and Future Analysis for
       Silicon and Ferrosilicon by Geographic Region - US, Canada,
       Japan, Europe, Asia-Pacific (excluding Japan), Middle East &
       Africa and Latin America Markets Independently Analyzed with
       Annual Consumption Figures in Metric Tons for Years 2016
       through 2024 (includes corresponding Graph/Chart)                II-53

       Table 34: World Historic Review for Silicon and Ferrosilicon
       by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-54

       Table 35: World 14-Year Perspective for Silicon and
       Ferrosilicon by Geographic Region - Percentage Breakdown of
       Volume Consumption for US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets for Years 2011, 2018 & 2024 (includes
       corresponding Graph/Chart)                                       II-55
      Global Silicon Market: Analytics by Geographic Region             II-56
       Table 36: World Recent Past, Current and Future Analysis for
       Silicon by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2016 through
       2024 (includes corresponding Graph/Chart)                        II-56

       Table 37: World Historic Review for Silicon by Geographic
       Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
       Japan), Middle East & Africa and Latin America Markets
       Independently Analyzed with Annual Consumption Figures in
       Metric Tons for Years 2011 through 2015 (includes
       corresponding Graph/Chart)                                       II-57

       Table 38: World 14-Year Perspective for Silicon by Geographic
       Region - Percentage Breakdown of Volume Consumption for US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets for Years 2011, 2018 & 
       2024 (includes corresponding Graph/Chart)                        II-58
      Global Silicon Market: Analytics by End-Use Segment               II-59
       Table 39: World Recent Past, Current and Future Analysis for
       Silicon in Metallurgy Industry by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-59

       Table 40: World Historic Review for Silicon in Metallurgy
       Industry by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-60

       Table 41: World 14-Year Perspective for Silicon in Metallurgy
       Industry by Geographic Region - Percentage Breakdown of
       Volume Consumption for US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets for Years 2011, 2018 & 2024 (includes
       corresponding Graph/Chart)                                       II-61

       Table 42: World Recent Past, Current and Future Analysis for
       Silicon in Chemical Industry by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-62

       Table 43: World Historic Review for Silicon in Chemical
       Industry by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-63

       Table 44: World 14-Year Perspective for Silicon in Chemical
       Industry by Geographic Region - Percentage Breakdown of
       Volume Consumption for US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets for Years 2011, 2018 & 2024 (includes
       corresponding Graph/Chart)                                       II-64

       Table 45: World Recent Past, Current and Future Analysis for
       Silicon in Semiconductor Industry by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-65

       Table 46: World Historic Review for Silicon in Semiconductor
       Industry by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-66

       Table 47: World 14-Year Perspective for Silicon in
       Semiconductor Industry by Geographic Region - Percentage
       Breakdown of Volume Consumption for US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets for Years 2011, 2018 & 2024
       (includes corresponding Graph/Chart)                             II-67

       Table 48: World Recent Past, Current And Future Analysis for
       Silicon in Other End-Use Industries by Geographic Region -
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-68

       Table 49: World Historic Review for Silicon in Other End-Use
       Industries by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-69

       Table 50: World 14-Year Perspective for Silicon in Other
       End-Use Industries by Geographic Region - Percentage
       Breakdown of Volume Consumption for US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets for Years 2011, 2018 & 2024
       (includes corresponding Graph/Chart)                             II-70
      Global Ferrosilicon Market: Analytics by Geographic Region        II-71
       Table 51: World Recent Past, Current and Future Analysis for
       Ferrosilicon by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2016 through
       2024 (includes corresponding Graph/Chart)                        II-71

       Table 52: World Historic Review for Ferrosilicon by
       Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets Independently Analyzed with Annual Consumption
       Figures in Metric Tons for Years 2011 through 2015 (includes
       corresponding Graph/Chart)                                       II-72

       Table 53: World 14-Year Perspective for Ferrosilicon by
       Geographic Region - Percentage Breakdown of Volume
       Consumption for US, Canada, Japan, Europe, Asia-Pacific
       (excluding Japan), Middle East & Africa and Latin America
       Markets for Years 2011, 2018 & 2024 (includes corresponding
       Graph/Chart)                                                     II-73
      Global Ferrosilicon Market: Analytics by End-Use Segment          II-74
       Table 54: World Recent Past, Current and Future Analysis for
       Ferrosilicon in Ferrous Foundry Industry by Geographic Region - 
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-74

       Table 55: World Historic Review for Ferrosilicon in Ferrous
       Foundry Industry by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-75

       Table 56: World 14-Year Perspective for Ferrosilicon in
       Ferrous Foundry Industry by Geographic Region - Percentage
       Breakdown of Volume Consumption for US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets for Years 2011, 2018 & 2024
       (includes corresponding Graph/Chart)                             II-76

       Table 57: World Recent Past, Current and Future Analysis for
       Ferrosilicon in Steel Industry by Geographic Region - US,
       Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
       East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-77

       Table 58: World Historic Review for Ferrosilicon in Steel
       Industry by Geographic Region - US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-78

       Table 59: World 14-Year Perspective for Ferrosilicon in Steel
       Industry by Geographic Region - Percentage Breakdown of
       Volume Consumption for US, Canada, Japan, Europe,
       Asia-Pacific (excluding Japan), Middle East & Africa and
       Latin America Markets for Years 2011, 2018 & 2024 (includes
       corresponding Graph/Chart)                                       II-79

       Table 60: World Recent Past, Current and Future Analysis for
       Ferrosilicon in Other End-Use Industries by Geographic Region - 
       US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
       Middle East & Africa and Latin America Markets Independently
       Analyzed with Annual Consumption Figures in Metric Tons for
       Years 2016 through 2024 (includes corresponding Graph/Chart)     II-80

       Table 61: World Historic Review for Ferrosilicon in Other
       End-Use Industries by Geographic Region - US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets Independently Analyzed with Annual
       Consumption Figures in Metric Tons for Years 2011 through
       2015 (includes corresponding Graph/Chart)                        II-81

       Table 62: World 14-Year Perspective for Ferrosilicon in Other
       End-Use Industries by Geographic Region - Percentage
       Breakdown of Volume Consumption for US, Canada, Japan,
       Europe, Asia-Pacific (excluding Japan), Middle East & Africa
       and Latin America Markets for Years 2011, 2018 & 2024
       (includes corresponding Graph/Chart)                             II-82


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Conventional and Emerging Applications Fuel Market Growth       III-1
         Production Scenario                                            III-1
          Table 63: Ferrosilicon and Silicon Production in Thousand
          Metric Tons in the US for the Years 2013 through 2017
          (includes corresponding Graph/Chart)                          III-2

          Table 64: Average Price (in Cents per Pound) of
          Ferrosilicon Grades and Silicon in the US for the Years
          2013 through 2017 (includes corresponding Graph/Chart)        III-2
        Construction Market Dynamics Provide Positive Outlook for
         the Silicon and FeSi Market                                    III-3
         Table 65: Construction Spending in the US (2015-2017):
         Breakdown of Annual Construction Value in US$ Million by
         Type of Construction (includes corresponding Graph/Chart)      III-4

         Table 66: Residential Construction in the US (2007-2017):
         Number of Housing Starts by Type - Single-Family Units and
         Multi-Family Units (in ‘000) (includes corresponding
         Graph/Chart)                                                   III-5
        Auto Sales and Production Trends Shape Dynamics of Silicon
         and Ferrosilicon Market                                        III-5
         Automotive Aluminum - A Key User of Silicon                    III-6
          Table 67: Aluminum Content in Pounds Per Light Vehicle in
          North America for the Years 1990, 1995, 2000, 2005, 2010,
          2015, 2020 & 2025 (includes corresponding Graph/Chart)        III-7

          Table 68: Aluminum as % of Total Vehicle Curb Weight of
          Light Vehicles in North America for the Years 2012, 2016
          and 2020 (includes corresponding Graph/Chart)                 III-7
        Competition                                                     III-7
         Table 69: Leading Players in the North American Silicon
         Market (2016): Percentage Breakdown of Production Capacity
         for Dow Corning, Ferroglobe and Mississippi Silicon
         (includes corresponding Graph/Chart)                           III-8

         Table 70: Leading Players in the North American
         Ferrosilicon Market (2016): Percentage Breakdown of
         Production Capacity for CC Metals and Alloys, Elkem and
         Ferroglobe (includes corresponding Graph/Chart)                III-8
        Trade Statistics                                                III-8
         Table 71: Silicon Imports in the US (2013-2016): Percentage
         Breakdown of Import Volume by Country (includes
         corresponding Graph/Chart)                                     III-8

         Table 72: Ferrosilicon Imports in the US (2013-2016):
         Percentage Breakdown of Import Volume by Country (includes
         corresponding Graph/Chart)                                     III-9

         Table 73: US Exports of Silicon (Not Less Than 99.99% Pure)
         (2017): Percentage Breakdown of Export Value by Destination
         Country (includes corresponding Graph/Chart)                   III-9

         Table 74: US Imports of Silicon (Not Less Than 99.99% Pure)
         (2017): Percentage Breakdown of Import Value by Origin
         Country (includes corresponding Graph/Chart)                   III-10

         Table 75: US Exports of Ferrosilicon (More Than 55% Of
         Silicon) (2017): Percentage Breakdown of Export Value by
         Destination Country (includes corresponding Graph/Chart)       III-10

         Table 76: US Imports of Ferrosilicon (More than 55% of
         Silicon) (2017): Percentage Breakdown of Import Value by
         Origin Country (includes corresponding Graph/Chart)            III-11

         Table 77: US Exports of Ferrosilicon (55% or Less of
         Silicon) (2017): Percentage Breakdown of Export Value by
         Destination Country (includes corresponding Graph/Chart)       III-11

         Table 78: US Imports Of Ferrosilicon (55% Or Less Of
         Silicon) (2017): Percentage Breakdown of Import Value by
         Origin Country (includes corresponding Graph/Chart)            III-12
        Strategic Corporate Developments                                III-12
        Select Players                                                  III-13
      B.Market Analytics                                                III-14
        Table 79: US Recent Past, Current and Future Analysis for
        Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-14

        Table 80: US Historic Review for Silicon by End-Use Industry - 
        Metallurgy, Chemical, Semiconductor and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-15

        Table 81: US 14-Year Perspective for Silicon by End-Use
        Industry - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemical, Semiconductor and Others Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-16

        Table 82: US Recent Past, Current and Future Analysis for
        Ferrosilicon by End-Use Industry - Ferrous Foundry, Steel
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-17

        Table 83: US Historic Review for Ferrosilicon by End-Use
        Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-18

        Table 84: US 14-Year Perspective for Ferrosilicon by End-Use
        Industry - Percentage Breakdown of Volume Consumption for
        Ferrous Foundry, Steel and Others Markets for Years 2011,
        2018 & 2024 (includes corresponding Graph/Chart)                III-19

  2. CANADA                                                             III-20
      A.Market Analysis                                                 III-20
        Market Overview                                                 III-20
         Table 85: Silicon Production in Thousand Metric tons in
         Canada for the Years 2011 through 2017 (includes
         corresponding Graph/Chart)                                     III-20
        Construction Sector - An Overview                               III-20
         Table 86: Housing Starts in Canada (2009-2017) (in ‘000
         Units) (includes corresponding Graph/Chart)                    III-21
        Trade Statistics                                                III-21
         Table 87: Canadian Exports of Silicon (Not Less Than 99.99%
         Pure) (2017): Percentage Breakdown of Export Value by
         Destination Country (includes corresponding Graph/Chart)       III-21

         Table 88: Canadian Imports of Silicon (Not Less Than 99.99%
         Pure) (2017): Percentage Breakdown of Import Value by
         Origin Country (includes corresponding Graph/Chart)            III-22

         Table 89: Canadian Exports of Ferrosilicon (More than 55%
         Of Silicon) (2017): Percentage Breakdown of Export Value by
         Destination Country (includes corresponding Graph/Chart)       III-22

         Table 90: Canadian Imports of Ferrosilicon (More than 55%
         of Silicon) (2017): Percentage Breakdown of Import Value by
         Origin Country (includes corresponding Graph/Chart)            III-22

         Table 91: Canadian Exports of Ferrosilicon (55% or Less of
         Silicon) (2017): Percentage Breakdown of Export Value by
         Destination Country (includes corresponding Graph/Chart)       III-23

         Table 92: Canadian Imports of Ferrosilicon (55% or Less of
         Silicon) (2017): Percentage Breakdown of Import Value by
         Origin Country (includes corresponding Graph/Chart)            III-23
      B.Market Analytics                                                III-24
        Table 93: Canadian Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-24

        Table 94: Canadian Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-25

        Table 95: Canadian 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-26

        Table 96: Canadian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-27

        Table 97: Canadian Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-28

        Table 98: Canadian 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-29

  3. JAPAN                                                              III-30
      A.Market Analysis                                                 III-30
        Market Overview                                                 III-30
        Overview of Major End-Use Markets of Silicon and Ferrosilicon   III-30
         Steel Industry                                                 III-30
          Table 99: Crude Steel Production in Thousand Metric Tons
          in Japan for the Years 2014 through 2017 (includes
          corresponding Graph/Chart)                                    III-31
         Construction                                                   III-31
         Automotive                                                     III-31
        Strategic Corporate Development                                 III-31
        Select Players                                                  III-32
      B.Market Analytics                                                III-34
        Table 100: Japanese Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-34

        Table 101: Japanese Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-35

        Table 102: Japanese 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-36

        Table 103: Japanese Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-37

        Table 104: Japanese Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-38

        Table 105: Japanese 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-39

  4. EUROPE                                                             III-40
      A.Market Analysis                                                 III-40
        Current and Future Analysis                                     III-40
        Steel Demand Dynamics Impact Market Growth                      III-40
         Table 106: Steel demand in the EU - Percentage Growth in
         Total Output of Steel-Consuming Sectors for the Years 2017,
         2018 and 2019 (includes corresponding Graph/Chart)             III-41
        Positive Outlook for the Construction Industry Augurs Well
         for the Silicon and FeSi Market                                III-41
         Table 107: Construction Output Year on Year Change in %
         Europe for the Years 2014 through 2020 (includes
         corresponding Graph/Chart)                                     III-42

         Table 108: Construction Industry in Europe: Percentage Year
         on Year Change of Construction Output by Segment for the
         Years 2016 through 2019 (includes corresponding
         Graph/Chart)                                                   III-42
        Competitive Landscape                                           III-43
         Table 109: Leading Players in the European Silicon Market
         (2016): Percentage Breakdown of Production Capacity for
         AMG, Elkem, Ferroglobe, UC RUSAL, Wacker Chemicals and
         Others (includes corresponding Graph/Chart)                    III-43

         Table 110: Leading Players in the European Ferrosilicon
         Market (2016): Percentage Breakdown of Production Capacity
         for Elkem, Ferroglobe, Finnfjord, Huta Laziska and Others
         (includes corresponding Graph/Chart)                           III-43
      B.Market Analytics                                                III-44
        Table 111: European Recent Past, Current and Future Analysis
        for Silicon and Ferrosilicon by Geographic Region - France,
        Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-44

        Table 112: European Historic Review for Silicon and
        Ferrosilicon by Geographic Region - France, Germany, Italy,
        UK, Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2011 through 2015 (includes corresponding Graph/Chart)    III-45

        Table 113: European 14-Year Perspective for Silicon and
        Ferrosilicon by Geographic Region - Percentage Breakdown of
        Volume Consumption for France, Germany, Italy, UK, Spain,
        Russia and Rest of Europe Markets for Years 2011, 2018 &
        2024 (includes corresponding Graph/Chart)                       III-46

        Table 114: European Recent Past, Current and Future Analysis
        for Silicon by Geographic Region - France, Germany, Italy,
        UK, Spain, Russia and Rest of Europe Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-47

        Table 115: European Historic Review for Silicon by
        Geographic Region - France, Germany, Italy, UK, Spain,
        Russia and Rest of Europe Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-48

        Table 116: European 14-Year Perspective for Silicon by
        Geographic Region - Percentage Breakdown of Volume
        Consumption for France, Germany, Italy, UK, Spain, Russia
        and Rest of Europe Markets for Years 2011, 2018 & 2024
        (includes corresponding Graph/Chart)                            III-49

        Table 117: European Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-50

        Table 118: European Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-51

        Table 119: European 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-52

        Table 120: European Recent Past, Current and Future Analysis
        for Ferrosilicon by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-53

        Table 121: European Historic Review for Ferrosilicon by
        Geographic Region - France, Germany, Italy, UK, Spain,
        Russia and Rest of Europe Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2011 through 2015 (includes corresponding Graph/Chart)          III-54

        Table 122: European 14-Year Perspective for Ferrosilicon by
        Geographic Region - Percentage Breakdown of Volume
        Consumption for France, Germany, Italy, UK, Spain, Russia
        and Rest of Europe Markets for Years 2011, 2018 & 2024
        (includes corresponding Graph/Chart)                            III-55

        Table 123: European Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-56

        Table 124: European Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-57

        Table 125: European 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-58

  4a. FRANCE                                                            III-59
       Market Analysis                                                  III-59
        Table 126: French Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-59

        Table 127: French Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-60

        Table 128: French 14-Year Perspective for Silicon by End-Use
        Industry - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemical, Semiconductor and Others Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-61

        Table 129: French Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-62

        Table 130: French Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-63

        Table 131: French 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-64

  4b. GERMANY                                                           III-65
      A.Market Analysis                                                 III-65
        Current and Future Analysis                                     III-65
        Strategic Corporate Development                                 III-65
        Key Players                                                     III-65
      B.Market Analytics                                                III-66
        Table 132: German Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-66

        Table 133: German Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-67

        Table 134: German 14-Year Perspective for Silicon by End-Use
        Industry - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemical, Semiconductor and Others Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-68

        Table 135: German Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-69

        Table 136: German Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-70

        Table 137: German 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-71

  4c. ITALY                                                             III-72
      A.Market Analysis                                                 III-72
        Current and Future Analysis                                     III-72
        Strategic Corporate Development                                 III-72
      B.Market Analytics                                                III-73
        Table 138: Italian Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-73

        Table 139: Italian Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-74

        Table 140: Italian 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-75

        Table 141: Italian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-76

        Table 142: Italian Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-77

        Table 143: Italian 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-78

  4d. THE UNITED KINGDOM                                                III-79
      A.Market Analysis                                                 III-79
        Current and Future Analysis                                     III-79
        Ferroglobe Plc - A Key Player                                   III-79
      B.Market Analytics                                                III-80
        Table 144: UK Recent Past, Current and Future Analysis for
        Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-80

        Table 145: UK Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-81

        Table 146: UK 14-Year Perspective for Silicon by End-Use
        Industry - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemical, Semiconductor and Others Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-82

        Table 147: UK Recent Past, Current and Future Analysis for
        Ferrosilicon by End-Use Industry - Ferrous Foundry, Steel
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-83

        Table 148: UK Historic Review for Ferrosilicon by End-Use
        Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-84

        Table 149: UK 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-85

  4e. SPAIN                                                             III-86
       Market Analysis                                                  III-86
        Table 150: Spanish Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-86

        Table 151: Spanish Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-87

        Table 152: Spanish 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-88

        Table 153: Spanish Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-89

        Table 154: Spanish Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-90

        Table 155: Spanish 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-91

  4f. RUSSIA                                                            III-92
       Market Analysis                                                  III-92
        Table 156: Russian Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-92

        Table 157: Russian Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-93

        Table 158: Russian 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-94

        Table 159: Russian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-95

        Table 160: Russian Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-96

        Table 161: Russian 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-97

  4g. REST OF EUROPE                                                    III-98
      A.Market Analysis                                                 III-98
        Current and Future Analysis                                     III-98
        Norway                                                          III-98
        Strategic Corporate Developments                                III-98
        Key Players                                                     III-99
      B.Market Analytics                                                III-100
        Table 162: Rest of Europe Recent Past, Current and Future
        Analysis for Silicon by End-Use Industry - Metallurgy,
        Chemical, Semiconductor and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-100

        Table 163: Rest of Europe Historic Review for Silicon by
        End-Use Industry - Metallurgy, Chemical, Semiconductor and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-101

        Table 164: Rest of Europe 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-102

        Table 165: Rest of Europe Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Industry - Ferrous
        Foundry, Steel and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-103

        Table 166: Rest of Europe Historic Review for Ferrosilicon
        by End-Use Industry - Ferrous Foundry, Steel and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-104

        Table 167: Rest of Europe 14-Year Perspective for
        Ferrosilicon by End-Use Industry - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel and Others
        Markets for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-105

  5. ASIA-PACIFIC                                                       III-106
       Market Analysis                                                  III-106
        Table 168: Asia-Pacific Recent Past, Current and Future
        Analysis for Silicon and Ferrosilicon by Geographic Region -
        China and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-106

        Table 169: Asia-Pacific Historic Review for Silicon and
        Ferrosilicon by Geographic Region - China and Rest of
        Asia-Pacific Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-107

        Table 170: Asia-Pacific 14-Year Perspective for Silicon and
        Ferrosilicon by Geographic Region - Percentage Breakdown of
        Volume Consumption for China and Rest of Asia-Pacific
        Markets for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-108

        Table 171: Asia-Pacific Recent Past, Current and Future
        Analysis for Silicon by Geographic Region - China and Rest
        of Asia-Pacific Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-109

        Table 172: Asia-Pacific Historic Review for Silicon by
        Geographic Region - China and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-110

        Table 173: Asia-Pacific 14-Year Perspective for Silicon by
        Geographic Region - Percentage Breakdown of Volume
        Consumption for China and Rest of Asia-Pacific Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-111

        Table 174: Asia-Pacific Recent Past, Current and Future
        Analysis for Silicon by End-Use Industry - Metallurgy,
        Chemical, Semiconductor and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-112

        Table 175: Asia-Pacific Historic Review for Silicon by
        End-Use Industry - Metallurgy, Chemical, Semiconductor and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-113

        Table 176: Asia-Pacific 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-114

        Table 177: Asia-Pacific Recent Past, Current and Future
        Analysis for Ferrosilicon by Geographic Region - China and
        Rest of Asia-Pacific Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-115

        Table 178: Asia-Pacific Historic Review for Ferrosilicon by
        Geographic Region - China and Rest of Asia-Pacific Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-116

        Table 179: Asia-Pacific 14-Year Perspective for Ferrosilicon
        by Geographic Region - Percentage Breakdown of Volume
        Consumption for China and Rest of Asia-Pacific Markets for
        Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)    III-117

        Table 180: Asia-Pacific Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Industry - Ferrous
        Foundry, Steel and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-118

        Table 181: Asia-Pacific Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-119

        Table 182: Asia-Pacific 14-Year Perspective for Ferrosilicon
        by End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-120

  5a. CHINA                                                             III-121
      A.Market Analysis                                                 III-121
        Silicon Market in China - An Overview                           III-121
        Ferrosilicon Market - A Major Producer with Sliding Share       III-121
         Table 183: Chinese Consumption of Ferrosilicon Compared to
         Domestic Crude Steel Output (in Kg FeSi per tonne of Crude
         Steel) for the Years 2005 through 2015 (includes
         corresponding Graph/Chart)                                     III-122
        China’s Leadership in Steel Industry Augurs Well for Silicon
         and FeSi Market                                                III-122
         Table 184: China13th Five-Year Plan Targets for the Steel
         Industry (includes corresponding Graph/Chart)                  III-123

         Table 185: China’s Crude Steel Production Output in Million
         Tonnes for the Years 2012 through 2017 (includes
         corresponding Graph/Chart)                                     III-123
        Aluminum Castings Market Trends Influence Demand for Silicon    III-124
        Polysilicon for China’s Solar Power Market - Promising
         Growth in Store                                                III-124
         Table 186: New Capacity Installations of Solar PV (in GW)
         in China for the Years 2014 through 2017 (includes
         corresponding Graph/Chart)                                     III-125
        Strategic Corporate Developments                                III-125
        Key Players                                                     III-125
      B.Market Analytics                                                III-126
        Table 187: Chinese Recent Past, Current and Future Analysis
        for Silicon by End-Use Industry - Metallurgy, Chemical,
        Semiconductor and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2016
        through 2024 (includes corresponding Graph/Chart)               III-126

        Table 188: Chinese Historic Review for Silicon by End-Use
        Industry - Metallurgy, Chemical, Semiconductor and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-127

        Table 189: Chinese 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-128

        Table 190: Chinese Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Industry - Ferrous Foundry,
        Steel and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2016 through
        2024 (includes corresponding Graph/Chart)                       III-129

        Table 191: Chinese Historic Review for Ferrosilicon by
        End-Use Industry - Ferrous Foundry, Steel and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-130

        Table 192: Chinese 14-Year Perspective for Ferrosilicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel and Others Markets
        for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-131

  5b. REST OF ASIA-PACIFIC                                              III-132
      A.Market Analysis                                                 III-132
        Current and Future Analysis                                     III-132
        India                                                           III-132
         Market Overview                                                III-132
         Indian Steel Industry - The Main End-Use Market                III-132
         Export-Import Statistics                                       III-133
          Table 193: Indian Exports of Ferrosilicon (2015-16):
          Percentage Breakdown of Export Volume by Country (includes
          corresponding Graph/Chart)                                    III-133

          Table 194: Indian Imports of Ferrosilicon (2015-16):
          Percentage Breakdown of Import Volume by Country (includes
          corresponding Graph/Chart)                                    III-134
        Strategic Corporate Development                                 III-134
        Simcoa (Silicon Metal Company Of Australia) Operations Pty
         Ltd. (Australia) - A Key Player                                III-134
      B.Market Analytics                                                III-135
        Table 195: Rest of Asia-Pacific Recent Past, Current and
        Future Analysis for Silicon by End-Use Industry -
        Metallurgy, Chemical, Semiconductor and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-135

        Table 196: Rest of Asia-Pacific Historic Review for Silicon
        by End-Use Industry - Metallurgy, Chemical, Semiconductor
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-136

        Table 197: Rest of Asia-Pacific 14-Year Perspective for
        Silicon by End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-137

        Table 198: Rest of Asia-Pacific Recent Past, Current and
        Future Analysis for Ferrosilicon by End-Use Industry -
        Ferrous Foundry, Steel and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-138

        Table 199: Rest of Asia-Pacific Historic Review for
        Ferrosilicon by End-Use Industry - Ferrous Foundry, Steel
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-139

        Table 200: Rest of Asia-Pacific 14-Year Perspective for
        Ferrosilicon by End-Use Industry - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel and Others
        Markets for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-140

  6. MIDDLE EAST & AFRICA                                               III-141
      A.Market Analysis                                                 III-141
        Current and Future Analysis                                     III-141
        Construction Sector: Opportunities for Growth                   III-141
        Ferrosilicon Market Exhibits Significant Growth in Iran         III-141
      B.Market Analytics                                                III-142
        Table 201: Middle East & Africa Recent Past, Current and
        Future Analysis for Silicon by End-Use Industry -
        Metallurgy, Chemical, Semiconductor and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2016 through 2024 (includes
        corresponding Graph/Chart)                                      III-142

        Table 202: Middle East & Africa Historic Review for Silicon
        by End-Use Industry - Metallurgy, Chemical, Semiconductor
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-143

        Table 203: Middle East & Africa 14-Year Perspective for
        Silicon by End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-144

        Table 204: Middle East & Africa Recent Past, Current and
        Future Analysis for Ferrosilicon by End-Use Industry -
        Ferrous Foundry, Steel and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-145

        Table 205: Middle East & Africa Historic Review for
        Ferrosilicon by End-Use Industry - Ferrous Foundry, Steel
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-146

        Table 206: Middle East & Africa 14-Year Perspective for
        Ferrosilicon by End-Use Industry - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel and Others
        Markets for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-147

  7. LATIN AMERICA                                                      III-148
      A.Market Analysis                                                 III-148
        Current and Future Analysis                                     III-148
        The Rima Group - A Key Player                                   III-148
      B.Market Analytics                                                III-149
        Table 207: Latin American Recent Past, Current and Future
        Analysis for Silicon by End-Use Industry - Metallurgy,
        Chemical, Semiconductor and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2016 through 2024 (includes corresponding Graph/Chart)    III-149

        Table 208: Latin American Historic Review for Silicon by
        End-Use Industry - Metallurgy, Chemical, Semiconductor and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-150

        Table 209: Latin American 14-Year Perspective for Silicon by
        End-Use Industry - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemical, Semiconductor and
        Others Markets for Years 2011, 2018 & 2024 (includes
        corresponding Graph/Chart)                                      III-151

        Table 210: Latin American Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Industry - Ferrous
        Foundry, Steel and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2016 through 2024 (includes corresponding Graph/Chart)          III-152

        Table 211: Latin American Historic Review for Ferrosilicon
        by End-Use Industry - Ferrous Foundry, Steel and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-153

        Table 212: Latin American 14-Year Perspective for
        Ferrosilicon by End-Use Industry - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel and Others
        Markets for Years 2011, 2018 & 2024 (includes corresponding
        Graph/Chart)                                                    III-154


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 44 (including Divisions/Subsidiaries - 50)

     The United States (9)
     Japan (6)
     Europe (10)
     - Germany (2)
     - The United Kingdom (1)
     - Rest of Europe (7)
     Asia-Pacific (Excluding Japan) (19)
     Middle East (1)
     Latin America (4)
     Africa (1)
Additional Information:
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Date of Publication:
May 21, 2018
File Format:
PDF via E-mail
Number of Pages:
342 Pages