Silicon and Ferrosilicon - Global Strategic Business Report

Silicon and Ferrosilicon - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Sep 16, 2015, 411 Pages
US$4,950.00
GIA-MCP2138

Silicon and Ferrosilicon Industry Market Analysis

This report analyzes the worldwide markets for Silicon and Ferrosilicon in Metric Tons. The report analyzes the market for Silicon by the following End-Use Applications: Metallurgy, Chemicals, Semiconductors, and Others. Also the report analyzes the market for Ferrosilicon by the following End-Use Applications: Ferrous Foundry, Steel Industry, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-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 60 companies including many key and niche players such as -

AMG Advanced Metallurgical Group N.V
China National BlueStar (Group) Co., Ltd.
Dow Corning Corporation
Erdos Xijin Kuangye Co., Ltd.
Evonik Industries AG


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: Primarily Driven by End-Use Markets     II-1
      Silicon and Ferrosilicon Production                               II-2
       Table 1: Leading Silicon Producing Countries in the World
       (2013): Volume Production in Metric Tons (includes
       corresponding Graph/Chart)                                       II-3

       Table 2: Leading Ferrosilicon Producing Countries in the
       World (2013): Percentage Breakdown of Volume Production
       (includes corresponding Graph/Chart)                             II-3
      Recession in Retrospect and the Road Ahead                        II-4
       The 2007-2009 Recession                                          II-4
       Market Demonstrates Strong Recovery in the Year 2010             II-5
       Europe and the US Tested Again in 2011 & 2012 by the Eurozone
        Crisis & US Fiscal Cliff Concerns                               II-6
        Economic Uncertainty Slows Down Growth in the US Silicon and
         Ferrosilicon Market                                            II-7
       Current Eurozone Economic Outlook Favors an Optimistic
        Outlook for Silicon and Ferrosilicon                            II-8
        Table 3: Business Climate Indicator in the Eurozone Area
        from January 2013 to May 2014: Breakdown by Month (includes
        corresponding Graph/Chart)                                      II-9
       US Economy Improves as Fiscal Cliff Concerns Recede to
        Background                                                      II-10
        Table 4: US Revisions of Debt Ceiling Limit (in US$ Billion)
        for the Years 2002-2014 (includes corresponding Graph/Chart)    II-10
       Outlook                                                          II-11
      Competitive Landscape                                             II-12
       Globe Specialty Metals: A Leading Producer of Silicon Worldwide  II-13
        Table 5: Leading Players in the Silicon Metal Market in the
        Western World (2013): Percentage Breakdown of Volume
        Production for AMG, Elkem (Bluestar), FerroAtlantica, Globe
        Specialty Metals and Others (includes corresponding
        Graph/Chart)                                                    II-13

        Table 6: Leading Players in the Global Semiconductor
        Polysilicon Market (2013): Percentage Breakdown of Revenues
        for Hemlock, MEMC, Mitsubishi, REC, Tokuyama, Wacker and
        Others (includes corresponding Graph/Chart)                     II-14

        Table 7: Leading Players in the Global Silicon Wafers Market
        (2013): Percentage Share Breakdown of Revenues for LG
        Siltron, MEMC, SEH, Siltronic, SUMCO and Others (includes
        corresponding Graph/Chart)                                      II-14

  2. MARKET TRENDS, ISSUES & DRIVERS                                    II-15
      Robust Demand for Crude, Finished, and Recycled Steel: Strong
       Growth Driver for Ferrosilicon                                   II-15
       Table 8: Global Consumption of Ferrosilicon in Steel
       Production by Select Countries: 2013 (includes corresponding
       Graph/Chart)                                                     II-15

       Table 9: Global Steel Production (in Million Metric Tons) by
       Region/Country: 2013Q1 & 2014Q1 (includes corresponding
       Graph/Chart)                                                     II-17

       Table 10: World Steel Demand in Million Metric Tons (MMT):
       1970-2012 (includes corresponding Graph/Chart)                   II-18

       Table 11: Global Steel Consumption (2013 & 2020P): Percentage
       Breakdown of Volume Consumption by End-use Segment -
       Construction, Transportation, Mechanical Engineering, and
       Others (includes corresponding Graph/Chart)                      II-18

       Table 12: World Finished Steel Products Market: Volume
       Consumption (in Million Tonnes) for Years 2012 Through 2015
       (includes corresponding Graph/Chart)                             II-19

       Table 13: World Per-Capita Consumption (in Kilograms) of
       Apparent Steel by Region/Country: 2012 (includes
       corresponding Graph/Chart)                                       II-19

       Table 14: World Crude Steel Market: Annual Breakdown of
       Production Volume (in Million Tonnes) for Years 2010-2014
       (includes corresponding Graph/Chart)                             II-20

       Table 15: World Crude Steel Production (2013): Percentage
       Share Breakdown of Production Volume by Region (includes
       corresponding Graph/Chart)                                       II-20
       Rising Demand for Recycled Steel Boosts Sales                    II-20
      Growing Proliferation of Semiconductors in Electronics and
       Communication Devices Spurs Demand for Silicon                   II-21
       Key Global Foundries                                             II-21
       Table 16: Global Semiconductor Market by Region (2012):
       Percentage Share Breakdown of Revenues by Region (includes
       corresponding Graph/Chart)                                       II-22

       Table 17: Global Semiconductor Industry (2010 & 2015):
       Percentage Breakdown of Revenues by Application (includes
       corresponding Graph/Chart)                                       II-23
       Global Silicon Wafers Market on the Growth Trajectory            II-23
        Table 18: Global Silicon Wafer Shipments for Semiconductor
        Applications (in Millions of Square Inches) from the Year
        2006 through 2013 (includes corresponding Graph/Chart)          II-24

        Table 19: Global Silicon Reclaim Market (2013): Percentage
        Breakdown of Revenues by Geographic Region (includes
        corresponding Graph/Chart)                                      II-24
       Growing Popularity of Silicon-On-Insulator Devices Promote
        Silicon Demand                                                  II-25
      Increase in Construction Activity Bodes Well for the Market       II-25
       Table 20: Growth in the Global Construction Market by Sector
       (2013-2020) (includes corresponding Graph/Chart)                 II-26

       Table 21: Percentage Share of Construction Spending by Region -
       2015 & 2020 (includes corresponding Graph/Chart)                 II-27
      Favorable Trends in the Solar PV Industry Strengthens Market
       Prospects                                                        II-27
       Table 22: International Targets for Solar Photovoltaics by
       Select Countries                                                 II-28

       Table 23: Global Solar Wafer Production (2013): Percentage
       Breakdown of Volume Production by Geographic Region (includes
       corresponding Graph/Chart)                                       II-29
       Prices of PV Silicon Wafers to Remain Stable in 2014             II-29
       Rising PV Installations: A Major Factor Responsible for
        Soaring Polysilicon Prices                                      II-29
        Table 24: Global Polysilicon Production (2013): Percentage
        Breakdown of Volume Production by Geographic Region
        (includes corresponding Graph/Chart)                            II-30
       Growing Demand for Crystalline Silicon for the Production of
        Solar Cells                                                     II-30
       Increasing Government Investments in Solar Power Offers
        Potential Opportunities                                         II-30
       Rapid Growth in Solar Industry in China and Japan to Fuel
        Demand for Polysilicon                                          II-31
       Companies Focus on Extensive R&D in Advanced Solar Technologies  II-31
      Improvement in Global GDP Performance Bodes Well in the Short
       Term                                                             II-32
       Table 25: World Real GDP Growth Rates in % (2012 & 2015):
       Breakdown by Country (includes corresponding Graph/Chart)        II-33

       Table 26: World GDP (2013): Percentage Share Breakdown of
       Nominal GDP Value by Country (includes corresponding
       Graph/Chart)                                                     II-34
      Steady Acceleration in Global PMI Benefits Market Growth          II-34
       Table 27: Global Purchasing Managers Index (PMI): Breakdown
       of Monthly PMI Data by Country for the Year 2013 (includes
       corresponding Graph/Chart)                                       II-35

       Table 28: Global Purchasing Managers Index (PMI)
       (January-June 2014) (includes corresponding Graph/Chart)         II-36
      Developing Countries Continue to Drive Market Growth              II-36
       Surge in Urbanization and Infrastructure Development Powers
        Demand Growth                                                   II-36
        Table 29: Population, GDP Per-Capita, Urbanization, & Steel
        Use Per Capita for Select Countries: 2012 & 2020 (includes
        corresponding Graph/Chart)                                      II-37

        Table 30: Increase in Urban Population in Major Countries in
        Asia-Pacific (in Millions) Over the Period 2012-2020P
        (includes corresponding Graph/Chart)                            II-38

        Table 31: Construction Spending by Country in Asia in US$
        Billion: 2013 (includes corresponding Graph/Chart)              II-38
      Recovering Automotive Production Augurs Well for the Market       II-39
       Table 32: Global Passenger Car Production in Thousand Units:
       2012, 2015 & 2018 (includes corresponding Graph/Chart)           II-39

       Table 33: Global Commercial Vehicle Production in Thousand
       Units: 2012, 2015 & 2018 (includes corresponding Graph/Chart)    II-40
      Steady Demand from End-use Industries Propels Growth in
       Silicon Carbide Market                                           II-40
       Table 34: Global Silicon Carbide Semiconductor Device Market
       (2013): Percentage Breakdown of Revenues by End-use
       Application Sector (includes corresponding Graph/Chart)          II-41
      Silicon Thin-Films Witnesses Turbulent Times                      II-41

  3. KEY ISSUES AND THREATS CONFRONTING THE MARKET                      II-42
      Silicon and Ferrosilicon Prices: Highly Sensitive to Soaring
       Energy Costs                                                     II-42
      Rising Polysilicon Prices Driving the Shift towards Upgraded
       Metallurgical Silicon                                            II-42
      Amorphous Silicon Thin-Film Market Shrinking!                     II-42
      Smaller Companies Face High Entry Barriers to Establish New
       Polysilicon Production Capacities                                II-43
      Thin Film PV: A Threat to Crystalline Silicon Technology          II-43
       Comparison between Crystalline Silicon and Thin Film
        Technologies                                                    II-44
       Table 35: Comparison Chart of Solar Cell Efficiencies for
       Crystalline Silicon and Thin Films with respect to
       Temperature (includes corresponding Graph/Chart)                 II-44
       Table 36: Efficiency Drop of Crystalline Silicon Technology
        with respect to Different Conditions                            II-45
      Growing Popularity of Silicon-Free Defoamers Casts a Dampener     II-45

  4. PRODUCT OVERVIEW                                                   II-46
      Silicon                                                           II-46
       Definition                                                       II-46
       Physical Properties                                              II-46
       Production Process                                               II-46
        Production of High Purity Float Zone (HPFZ) Silicon             II-46
       Chemical Variants                                                II-47
        Silicon Carbide                                                 II-47
         Applications of SiC                                            II-47
        Fumed and Activated Silica                                      II-47
       Silicon Substitutes                                              II-48
       Medicinal Properties                                             II-48
      Ferrosilicon                                                      II-48
       Ferrosilicon Substitutes                                         II-48

  5. PRODUCT INTRODUCTIONS/INNOVATIONS                                  II-49
      Cabot Unveils CAB-O-SIL® CLARUS™ Fumed Silica                     II-49
      Mitsubishi Electric Unveils SiC Modules for Home Appliances       II-49
      Bridgelux and Toshiba Launch GaN on Silicon LED Chip              II-49
      Fresco Microchip Unveils FM5150A Silicon Tuner                    II-49
      WACKER to Launch Several New Silicone Products for Hair-care
       and Cosmetics Industry                                           II-49
      WACKER to Launch Several New Silicones for Baby Care, Food and
       Automotive Applications                                          II-49
      WACKER to Launch Specialty Silicone Elastomers                    II-49
      Cree Launches 150-mm Silicon Carbide Epitaxial Wafers             II-50
      MEMC Electronic Materials Launches MEMC FOX-Si                    II-50
      bSolar Introduces New Bifacial Silicon Solar Cells                II-50
      Dow Corning’s XIAMETER® Expands Range of Silicone Products        II-50

  6. RECENT INDUSTRY ACTIVITY                                           II-51
      Uz-Shindong Silicon to Establish Silicon Plant in Tashkent        II-51
      Evonik and GCL Ink Letter of Intent to Establish Silica
       Production Facility                                              II-51
      FerroAtlántica to Invest in Silicon Metal Factory in North
       America                                                          II-51
      Elkem Enters into Joint Venture with Grupo Andreani and Grupo
       Araujo                                                           II-51
      MFC Industrial Enters into an Agreement to Acquire FESIL AS       II-51
      Jubilee Platinum Expands Production of Ferrosilicon at
       Middelburg Smelter in South Africa                               II-51
      Erdos Metallurgy Plans to Acquire Qinghai Baitong High Purity
       Materials Development                                            II-51
      Micrel Inks a Definitive Take Over Agreement with Discera         II-52
      Mellanox Technologies Takes over Kotura                           II-52
      Micron Technology Takes over Elpida Memory                        II-52
      Microchip Technology to Acquire Novocell                          II-52
      Cadence to Acquire Evatronix’s IP Business Portfolio              II-52
      First Solar Takes over TetraSun                                   II-52
      Kaiam Completes Acquisition of GC Holdings                        II-52
      NeoPhotonics to Acquire LAPIS Semiconductor’s Semiconductor
       Optical Components Business                                      II-52
      Shunfeng Photovoltaic Collaborates with Ningxia Longi Silicon
       Materials                                                        II-52
      POSCO, Kyrgyzstan Government and National Mineral Processing
       Research Center Ink MoU                                          II-53
      Privat Restarts Ferrosilicon and Silico-Manganese Production
       at Zaporozhye and Stakhanov Plants                               II-53
      MEMC Undergoes Name Change to SunEdison                           II-53
      Nippon Denko Completes Takeover of Chuo Denki Kogyo               II-53
      Ceradyne Takes Over Stake in Graphite Machining Services and
       Innovations                                                      II-53
      Globe Specialty Metals Completes Acquisition of Timminco          II-53
      Globe Specialty Metals Takes over Stake in Becancour Silicon
       Metals                                                           II-53
      Microchip Technology Acquires Standard Microsystems Corporation   II-53
      Silicon Laboratories Ink Definitive Take over Agreement with
       Ember                                                            II-54
      Sino-American Silicon Products Takes over Covalent Silicon        II-54
      Snam Alloys Expands Ferrosilicon Manganese Production Capacity    II-54
      Ankur Uzra to Establish Ferrosilicon Manufacturing Unit in
       West Bengal, India                                               II-54
      Yunnan Aluminum Enters into a JV with Yunnan Metallurgical        II-54
      Globe Specialty Metals Resumes Production at Bridgeport,
       Alabama Facility                                                 II-54
      Globe Specialty Metals Acquires Stake in Timminco’s Quebec
       Silicon                                                          II-54
      Synopsys Inks a Takeover and Merger Agreement with Magma
       Design Automation                                                II-54
      Enpirion Enters into Partnership with JiangyinChangdian
       Advanced Packaging                                               II-54
      WACKER Enters into Partnership with Siliconas Silam               II-55
      Safran and GE Enter into Joint Venture with Nippon Carbon         II-55
      OM Materials Sdn Bhd Inks Agreement with Hanwa                    II-55
      OM Materials and Syarikat Sesco Bhd Ink Power Purchase Agreement  II-55
      SINTEF Materials & Chemistry Inks Supply Agreement with ECN       II-55
      Kotura Inks Distribution Agreement with Nissho Electronics        II-55
      Dow Corning Enters into a Purchase Deal with AIXTRON SE           II-55
      WACKER Upgrades and Expands Polymer/Silicon Business in Korea     II-55
      REC to Inaugurate Silicon Technologies Applications and
       Research Center                                                  II-56
      Tokuyama Commences Phase 2 Construction of Polycrystalline
       Silicon Facility                                                 II-56
      WACKER Strengthens Partnership with Silicones Compounder TSF      II-56
      WACKER Chemie Commences Operations at Nunchritz Production
       Facility                                                         II-56
      SKP Group to Invest for Expanding Capacity                        II-56
      Cabot and China National Bluestar Partner to Expand Fumed
       Silica Project in China                                          II-56
      Timminco Bankrupt, Files for Protection                           II-56

  7. FOCUS ON SELECT GLOBAL PLAYERS                                     II-57
      AMG Advanced Metallurgical Group N.V. (The Netherlands)           II-57
      China National BlueStar (Group) Co., Ltd. (China)                 II-57
       The Lanzhou BlueStar Silicon Materials Co., Ltd. (China)         II-57
       Elkem AS (Norway)                                                II-58
      Dow Corning Corporation (US)                                      II-58
       Hemlock Semiconductor Corporation (US)                           II-58
      Erdos Xijin Kuangye Co., Ltd. (China)                             II-59
      Evonik Industries AG (Germany)                                    II-59
      Ferroatlantica Group S.A (Spain)                                  II-59
      Globe Specialty Metals, Inc. (US)                                 II-60
       Globe Metallurgical Inc. (US)                                    II-60
      Mitsubishi Materials Corporation (Japan)                          II-60
       Mitsubishi Polysilicon America Corporation (US)                  II-60
      OSAKA Titanium Technologies Co., Ltd. (Japan)                     II-61
      REC Silicon ASA (USA)                                             II-61
      Simcoa (Silicon Metal Company of Australia) Operations Pty
       Ltd. (Australia)                                                 II-61
      Shin-Etsu Chemical Co. Ltd. (Japan)                               II-61
      Sinosteel Zunyi Ferroalloy Co., Ltd. (China)                      II-62
      Sumco Corporation (Japan)                                         II-62
       Sumco Techxiv Corporation (Japan)                                II-62
      SunEdison LLC (US)                                                II-62
      The FESIL Group (Norway)                                          II-63
      The Rima Group (Brazil)                                           II-63
      Tokuyama Corporation (Japan)                                      II-63
      Wacker Chemie AG (Germany)                                        II-63

  8. GLOBAL MARKET PERSPECTIVE                                          II-65
      Table 37: World Recent Past, Current and Future Analysis for
      Silicon and Ferrosilicon by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
      Latin American Markets Independently Analyzed with Annual
      Consumption Figures in Metric Tons for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-65

      Table 38: World Historic Review for Silicon and Ferrosilicon
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets
      Independently Analyzed with Annual Consumption Figures in
      Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-66

      Table 39: World 15-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 and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-67

      Table 40: World Recent Past, Current and Future Analysis for
      Silicon by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2013 through 2020 (includes
      corresponding Graph/Chart)                                        II-68

      Table 41: World Historic Review for Silicon by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East and Latin American Markets Independently
      Analyzed with Annual Consumption Figures in Metric Tons for
      Years 2006 through 2012 (includes corresponding Graph/Chart)      II-69

      Table 42: World 15-Year Perspective for Silicon by Geographic
      Region - Percentage Breakdown of Volume Consumption for US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East and Latin American Markets for Years 2006, 2014 & 2020
      (includes corresponding Graph/Chart)                              II-70

      Table 43: World Recent Past, Current and Future Analysis for
      Silicon in Metallurgy by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
      Latin American Markets Independently Analyzed with Annual
      Consumption Figures in Metric Tons for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-71

      Table 44: World Historic Review for Silicon in Metallurgy by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets
      Independently Analyzed with Annual Consumption Figures in
      Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-72

      Table 45: World 15-Year Perspective for Silicon in Metallurgy
      by Geographic Region - Percentage Breakdown of Volume
      Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-73

      Table 46: World Recent Past, Current and Future Analysis for
      Silicon in Chemicals by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Middle East and Latin
      American Markets Independently Analyzed with Annual
      Consumption Figures in Metric Tons for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-74

      Table 47: World Historic Review for Silicon in Chemicals by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets
      Independently Analyzed with Annual Consumption Figures in
      Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-75

      Table 48: World 15-Year Perspective for Silicon in Chemicals
      by Geographic Region - Percentage Breakdown of Volume
      Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-76

      Table 49: World Recent Past, Current and Future Analysis for
      Silicon in Semiconductors by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle East and
      Latin American Markets Independently Analyzed with Annual
      Consumption Figures in Metric Tons for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-77

      Table 50: World Historic Review for Silicon in Semiconductors
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets
      Independently Analyzed with Annual Consumption Figures in
      Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-78

      Table 51: World 15-Year Perspective for Silicon in
      Semiconductors by Geographic Region - Percentage Breakdown of
      Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-79

      Table 52: World Recent Past, Current And Future Analysis for
      Silicon in Other Applications by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East and Latin American Markets Independently Analyzed with
      Annual Consumption Figures in Metric Tons for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-80

      Table 53: World Historic Review for Silicon in Other
      Applications by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-81

      Table 54: World 15-Year Perspective for Silicon in Other
      Applications by Geographic Region - Percentage Breakdown of
      Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-82

      Table 55: World Recent Past, Current and Future Analysis for
      Ferrosilicon by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2013 through 2020 (includes
      corresponding Graph/Chart)                                        II-83

      Table 56: World Historic Review for Ferrosilicon by Geographic
      Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East and Latin American Markets Independently
      Analyzed with Annual Consumption Figures in Metric Tons for
      Years 2006 through 2012 (includes corresponding Graph/Chart)      II-84

      Table 57: World 15-Year Perspective for Ferrosilicon by
      Geographic Region - Percentage Breakdown of Volume Consumption
      for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Middle East and Latin American Markets for Years 2006, 2014 &
      2020 (includes corresponding Graph/Chart)                         II-85

      Table 58: World Recent Past, Current and Future Analysis for
      Ferrosilicon in Ferrous Foundry by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East and Latin American Markets Independently Analyzed with
      Annual Consumption Figures in Metric Tons for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-86

      Table 59: World Historic Review for Ferrosilicon in Ferrous
      Foundry by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-87

      Table 60: World 15-Year Perspective for Ferrosilicon in
      Ferrous Foundry by Geographic Region - Percentage Breakdown of
      Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-88

      Table 61: 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 and Latin American Markets Independently Analyzed with
      Annual Consumption Figures in Metric Tons for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-89

      Table 62: World Historic Review for Ferrosilicon in Steel
      Industry by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-90

      Table 63: World 15-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 and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-91

      Table 64: World Recent Past, Current and Future Analysis for
      Ferrosilicon in Other Applications by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East and Latin American Markets Independently Analyzed with
      Annual Consumption Figures in Metric Tons for Years 2013
      through 2020 (includes corresponding Graph/Chart)                 II-92

      Table 65: World Historic Review for Ferrosilicon in Other
      Applications by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East and Latin American
      Markets Independently Analyzed with Annual Consumption Figures
      in Metric Tons for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-93

      Table 66: World 15-Year Perspective for Ferrosilicon in Other
      Applications by Geographic Region - Percentage Breakdown of
      Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-94


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current and Future Analysis                                     III-1
        Market Overview                                                 III-1
         Conventional and Emerging Applications Fuel Growth             III-1
        Key Producers in the US                                         III-1
        Production Statistics                                           III-2
         Table 67: US Ferrosilicon Production in '000 Metric Tons
         (2008-2010) (includes corresponding Graph/Chart)               III-2

         Table 68: US Average Silicon and Ferrosilicon Prices for
         the Years 2009 through 2013E (Cents per lb Si) (includes
         corresponding Graph/Chart)                                     III-2
        Construction Market to Provide Encouraging Prospects            III-3
         Table 69: US Construction Spending by Type of Construction
         (2012 & 2013): Percentage Breakdown of Annual Spending for
         Non-Residential and Residential Construction (includes
         corresponding Graph/Chart)                                     III-4

         Table 70: Residential Construction in the US (2007-2013):
         Number of Housing Starts by Type - Single-Family Units and
         Multi-Family Units (in ‘000) (includes corresponding
         Graph/Chart)                                                   III-4

         Table 71: Non-Residential Construction in the US
         (2010-2012): Construction Value by Segment (in US$ Billion)
         (includes corresponding Graph/Chart)                           III-5

         Table 72: Projected Growth of the US Construction Market by
         Sector (2012-2020) (includes corresponding Graph/Chart)        III-6
        Fiscal Cliff, Sequestration Cuts & Debt Ceiling Issues: The
         US Auto Industry Withstands It All                             III-6
         Table 73: US Revisions of Debt Ceiling Limit (In US$
         Billion) for the Years 2002-2014 (includes corresponding
         Graph/Chart)                                                   III-7
        Automotive Aluminum - A Key User of Silicon                     III-8
        Reduced Investments in Argentinean Electricity Generation
         and Transmission Systems to Impact Production                  III-8
        US Announces Antidumping Duties on Ferrosilicon Imports from
         Venezuela and Russia                                           III-8
        US-based Businesses to Benefit from Antidumping Duties on
         Silicon and Ferrosilicon Imports from Foreign Countries        III-9
         Near-term Impact of Ferrosilicon Antidumping Duties on Prices  III-9
        Trade Statistics                                                III-10
         Table 74: US Exports of Silicon (Not Less Than 99.99% Pure)
         (2013): Percentage Breakdown of Value Exports by
         Destination Country (includes corresponding Graph/Chart)       III-10

         Table 75: US Imports of Silicon (Not Less Than 99.99% Pure)
         (2013): Percentage Breakdown of Value Imports by Origin
         Country (includes corresponding Graph/Chart)                   III-10

         Table 76: US Exports of Ferrosilicon (More Than 55% Of
         Silicon) (2013): Percentage Breakdown of Value Exports by
         Destination Country (includes corresponding Graph/Chart)       III-11

         Table 77: US Imports of Ferrosilicon (More than 55% of
         Silicon): Percentage Breakdown of Value Imports by Origin
         Country (includes corresponding Graph/Chart)                   III-11

         Table 78: US Exports of Ferrosilicon (55% or Less of
         Silicon) (2013): Percentage Breakdown of Value Exports by
         Destination Country (includes corresponding Graph/Chart)       III-11

         Table 79: US Imports of Ferrosilicon (55% or Less of
         Silicon) (2013): Percentage Breakdown of Value Imports by
         Origin Country (includes corresponding Graph/Chart)            III-12
        Product Launches                                                III-12
        Strategic Corporate Developments                                III-13
        Key Players                                                     III-15
      B.Market Analytics                                                III-17
        Table 80: US Recent Past, Current and Future Analysis for
        Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-17

        Table 81: US Historic Review for Silicon by End-Use Segment -
        Metallurgy, Chemicals, Semiconductors and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-18

        Table 82: US 15-Year Perspective for Silicon by End-Use
        Segment - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemicals, Semiconductors and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-19

        Table 83: US Recent Past, Current and Future Analysis for
        Ferrosilicon by End-use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-20

        Table 84: US Historic Review for Ferrosilicon by End-Use
        Segment - Ferrous Foundry, Steel Industry and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-21

        Table 85: US 15-Year Perspective for Ferrosilicon by End-Use
        Segment - Percentage Breakdown of Volume Consumption for
        Ferrous Foundry, Steel Industry and Others Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-22

  2. CANADA                                                             III-23
      A.Market Analysis                                                 III-23
        Current and Future Analysis                                     III-23
        An Overview of the Canadian Steel Industry                      III-23
        Recovery in Construction Activity to Drive Demand               III-23
         Table 86: Housing Starts in Canada (2008-2013): Breakdown
         of Number of Housing Starts in ‘000s (includes
         corresponding Graph/Chart)                                     III-24
        Trade Statistics                                                III-24
         Table 87: Canadian Exports of Silicon (Not Less Than 99.99%
         Pure) (2013): Percentage Breakdown of Value Exports by
         Destination Country (includes corresponding Graph/Chart)       III-24

         Table 88: Canadian Imports of Silicon (Not Less Than 99.99%
         Pure) (2013): Percentage Breakdown of Value Imports by
         Origin Country (includes corresponding Graph/Chart)            III-25

         Table 89: Canadian Exports of Ferrosilicon (More Than 55%
         Of Silicon) (2013): Percentage Breakdown of Value Exports
         by Destination Country (includes corresponding Graph/Chart)    III-25

         Table 90: Canadian Imports of Ferrosilicon (More than55% of
         Silicon) (2013): Percentage Breakdown of Value Imports by
         Origin Country (includes corresponding Graph/Chart)            III-25

         Table 91: Canadian Exports of Ferrosilicon (55% or Less of
         Silicon) (2013): Percentage Breakdown of Value Exports by
         Destination Country (includes corresponding Graph/Chart)       III-26

         Table 92: Canadian Imports of Ferrosilicon (55% or Less of
         Silicon) (2013): Percentage Breakdown of Value Imports by
         Origin Country (includes corresponding Graph/Chart)            III-26
        Strategic Corporate Development                                 III-26
      B.Market Analytics                                                III-27
        Table 93: Canadian Recent Past, Current and Future Analysis
        for Silicon by End-use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-27

        Table 94: Canadian Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-28

        Table 95: Canadian 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-29

        Table 96: Canadian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-30

        Table 97: Canadian Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-31

        Table 98: Canadian 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-32

  3. JAPAN                                                              III-33
      A.Market Analysis                                                 III-33
        Current and Future Analysis                                     III-33
        Imports                                                         III-33
         Table 99: Japanese Imports of Ferrosilicon (2013):
         Percentage Breakdown of Volume Imports by Origin Country
         (includes corresponding Graph/Chart)                           III-33
        Japan Resumes Trade with China                                  III-33
        Low Prices Drive Steel Manufacturers to Substitute
         Ferrosilicon with Silicon Carbide                              III-34
        Natural Calamities Shake Silicon Wafer Production in 2011       III-34
        An Overview of the Steel Industry in Japan                      III-34
         Table 100: Japanese Steel Market (2013): Percentage
         Breakdown of Volume Sales by Product Type - Flat Products
         and Long Products (includes corresponding Graph/Chart)         III-35

         Table 101: Japanese Steel Market (2013): Percentage Share
         Breakdown of Production by Company (includes corresponding
         Graph/Chart)                                                   III-35
        Construction - A Key End-user for Steel                         III-36
         Table 102: Annual Housing Construction Starts in Japan
         (2008-2013) (includes corresponding Graph/Chart)               III-36
        Overview of Japanese Automotive Industry                        III-36
        Product Launches                                                III-37
        Strategic Corporate Developments                                III-37
        Key Players                                                     III-38
      B.Market Analytics                                                III-40
        Table 103: Japanese Recent Past, Current and Future Analysis
        for Silicon by End-use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-40

        Table 104: Japanese Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-41

        Table 105: Japanese 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-42

        Table 106: Japanese Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-43

        Table 107: Japanese Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-44

        Table 108: Japanese 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-45

  4. EUROPE                                                             III-46
      A.Market Analysis                                                 III-46
        Current and Future Analysis                                     III-46
        Ferrosilicon Prices Poised to Rise                              III-46
         Table 109: European Market Prices for Silicon and
         Ferrosilicon (in € per Ton) for the Years 2010 through 2012
         (includes corresponding Graph/Chart)                           III-47

         Table 110: Leading Ferrosilicon Suppliers to the EU (2013):
         Percentage Breakdown of Volume Shipments by Country
         (includes corresponding Graph/Chart)                           III-47
        Current Eurozone Economic Outlook Favors an Optimistic
         Outlook for Silicon and Ferrosilicon                           III-47
         Table 111: Business Climate Indicator in the Eurozone Area
         from January 2013 to May 2014: Breakdown by Month (includes
         corresponding Graph/Chart)                                     III-49
        European Commission Levies Antidumping Duties on
         Ferrosilicon Imports from Russia and China                     III-49
        Construction Market Steadily Moves Away from Shadows of Debt
         Crisis                                                         III-50
         Table 112: Construction Industry in Europe (2010-2015E):
         Percentage Change of Construction Output by Segment
         (includes corresponding Graph/Chart)                           III-51
        Recovery in Automotive Production to Drive Demand               III-52
      B.Market Analytics                                                III-53
        Table 113: 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 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-53

        Table 114: 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 2006 through 2012 (includes corresponding Graph/Chart)    III-54

        Table 115: European 15-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 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-55

        Table 116: 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 2013 through 2020 (includes corresponding Graph/Chart)    III-56

        Table 117: 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
        2006 through 2012 (includes corresponding Graph/Chart)          III-57

        Table 118: European 15-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 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-58

        Table 119: European Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-59

        Table 120: European Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-60

        Table 121: European 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-61

        Table 122: 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 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-62

        Table 123: 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
        2006 through 2012 (includes corresponding Graph/Chart)          III-63

        Table 124: European 15-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 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-64

        Table 125: European Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-65

        Table 126: European Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-66

        Table 127: European 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-67

  4a. FRANCE                                                            III-68
      A.Market Analysis                                                 III-68
        Current and Future Analysis                                     III-68
      B.Market Analytics                                                III-69
        Table 128: French Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-69

        Table 129: French Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-70

        Table 130: French 15-Year Perspective for Silicon by End-Use
        Segment - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemicals, Semiconductors and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-71

        Table 131: French Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-72

        Table 132: French Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-73

        Table 133: French 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-74

  4b. GERMANY                                                           III-75
      A.Market Analysis                                                 III-75
        Current and Future Analysis                                     III-75
        Product Launches                                                III-75
        Strategic Corporate Developments                                III-76
        Key Players                                                     III-76
      B.Market Analytics                                                III-78
        Table 134: German Recent Past, Current and Future Analysis
        for Silicon by End-use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-78

        Table 135: German Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-79

        Table 136: German 15-Year Perspective for Silicon by End-Use
        Segment - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemicals, Semiconductors and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-80

        Table 137: German Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-81

        Table 138: German Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-82

        Table 139: German 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-83

  4c. ITALY                                                             III-84
      A.Market Analysis                                                 III-84
        Current and Future Analysis                                     III-84
      B.Market Analytics                                                III-85
        Table 140: Italian Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-85

        Table 141: Italian Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-86

        Table 142: Italian 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-87

        Table 143: Italian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-88

        Table 144: Italian Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-89

        Table 145: Italian 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-90

  4d. THE UNITED KINGDOM                                                III-91
      A.Market Analysis                                                 III-91
        Current and Future Analysis                                     III-91
      B.Market Analytics                                                III-92
        Table 146: UK Recent Past, Current and Future Analysis for
        Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-92

        Table 147: UK Historic Review for Silicon by End-Use Segment -
        Metallurgy, Chemicals, Semiconductors and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-93

        Table 148: UK 15-Year Perspective for Silicon by End-Use
        Segment - Percentage Breakdown of Volume Consumption for
        Metallurgy, Chemicals, Semiconductors and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-94

        Table 149: UK Recent Past, Current and Future Analysis for
        Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-95

        Table 150: UK Historic Review for Ferrosilicon by End-Use
        Segment - Ferrous Foundry, Steel Industry and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-96

        Table 151: UK 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-97

  4e. SPAIN                                                             III-98
      A.Market Analysis                                                 III-98
        Current and Future Analysis                                     III-98
        Strategic Corporate Development                                 III-98
        Ferroatlantica Group S.A - A Key Player                         III-98
      B.Market Analytics                                                III-99
        Table 152: Spanish Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-99

        Table 153: Spanish Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-100

        Table 154: Spanish 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-101

        Table 155: Spanish Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-102

        Table 156: Spanish Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-103

        Table 157: Spanish 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-104

  4f. RUSSIA                                                            III-105
      A.Market Analysis                                                 III-105
        Current and Future Analysis                                     III-105
      B.Market Analytics                                                III-106
        Table 158: Russian Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-106

        Table 159: Russian Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-107

        Table 160: Russian 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-108

        Table 161: Russian Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-109

        Table 162: Russian Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-110

        Table 163: Russian 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-111

  4g. REST OF EUROPE                                                    III-112
      A.Market Analysis                                                 III-112
        Current and Future Analysis                                     III-112
        Norway                                                          III-112
         Norwegian Researcher Develops Novel Silicon Preparation Method III-112
        Strategic Corporate Developments                                III-113
        Key Players                                                     III-113
      B.Market Analytics                                                III-115
        Table 164: Rest of Europe Recent Past, Current and Future
        Analysis for Silicon by End-Use Segment - Metallurgy,
        Chemicals, Semiconductors and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-115

        Table 165: Rest of Europe Historic Review for Silicon by
        End-Use Segment - Metallurgy, Chemicals, Semiconductors and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-116

        Table 166: Rest of Europe 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-117

        Table 167: Rest of Europe Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Segment - Ferrous
        Foundry, Steel Industry and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-118

        Table 168: Rest of Europe Historic Review for Ferrosilicon
        by End-Use Segment - Ferrous Foundry, Steel Industry and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-119

        Table 169: Rest of Europe 15-Year Perspective for
        Ferrosilicon by End-Use Segment - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel Industry and
        Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-120

  5. ASIA-PACIFIC                                                       III-121
      A.Market Analysis                                                 III-121
        Current and Future Analysis                                     III-121
        Silicon Price Continue to Rise through 2013 as South China
         Producers Cut Output                                           III-121
        Low Demand Pushes Down Prices of 3303 Grade Silicon Metal       III-121
        Asia-Pacific Continues to be the Growth Engine of Automotive
         Market, Bodes Well for the Market                              III-121
      B.Market Analytics                                                III-123
        Table 170: 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 2013 through 2020 (includes corresponding Graph/Chart)    III-123

        Table 171: 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 2006 through
        2012 (includes corresponding Graph/Chart)                       III-124

        Table 172: Asia-Pacific 15-Year Perspective for Silicon and
        Ferrosilicon by Geographic Region - Percentage Breakdown of
        Volume Consumption for China and Rest of Asia-Pacific
        Markets for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-125

        Table 173: 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 2013 through
        2020 (includes corresponding Graph/Chart)                       III-126

        Table 174: 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 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-127

        Table 175: Asia-Pacific 15-Year Perspective for Silicon by
        Geographic Region - Percentage Breakdown of Volume
        Consumption for China and Rest of Asia-Pacific Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-128

        Table 176: Asia-Pacific Recent Past, Current and Future
        Analysis for Silicon by End-Use Segment - Metallurgy,
        Chemicals, Semiconductors and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-129

        Table 177: Asia-Pacific Historic Review for Silicon by
        End-Use Segment - Metallurgy, Chemicals, Semiconductors and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-130

        Table 178: Asia-Pacific 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-131

        Table 179: 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 2013
        through 2020 (includes corresponding Graph/Chart)               III-132

        Table 180: 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 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-133

        Table 181: Asia-Pacific 15-Year Perspective for Ferrosilicon
        by Geographic Region - Percentage Breakdown of Volume
        Consumption for China and Rest of Asia-Pacific Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-134

        Table 182: Asia-Pacific Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Segment - Ferrous
        Foundry, Steel Industry and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-135

        Table 183: Asia-Pacific Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-136

        Table 184: Asia-Pacific 15-Year Perspective for Ferrosilicon
        by End-Use Segment - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel Industry and Others
        Markets for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-137

  5a. CHINA                                                             III-138
      A.Market Analysis                                                 III-138
        An Overview                                                     III-138
         Silicon Market                                                 III-138
         Ferrosilicon Market                                            III-138
        WTO Asks China to Remove Export Restrictions on Silicon         III-140
        China - The Global Leader in Steel Demand and Supply            III-141
         Table 185: Chinese Crude Steel Production (2013):
         Percentage Share Breakdown of Production by Grade Category
         (includes corresponding Graph/Chart)                           III-142

         Table 186: Chinese Crude Steel Market (2013): Percentage
         Share Breakdown of Production by Type (includes
         corresponding Graph/Chart)                                     III-143
         Finished Steel Materials Imports to Witness Protective
          Tariff Prior to Re-export                                     III-143
        Solar Cells-The ‘Evergreen’ Market for Silicon                  III-143
        Market Volatility Drives Organic Silicon Producers towards
         Downstream Products                                            III-144
        Polysilicon and Monocrystalline Markets: An Overview            III-144
         Poor Quality Encourages Polysilicon Imports                    III-145
         China to Impose Duties on Imported Polysilicon                 III-145
         Challenges Confronting Chinese Polysilicon Manufacturers       III-145
         China Limits Polysilicon Production Capacity                   III-146
        Industrial Recombination to Improve Competitiveness             III-146
        Chinese Government Initiates Measures to Control
         Environmental Pollution                                        III-146
        Production Bases Shift Northwards                               III-146
        Regulations Add to the Misery of Chinese Manufacturers          III-147
        Capacity Additions to Push Up Ferrosilicon Exports              III-147
         Table 187: Chinese Ferrosilicon Exports (2012): Percentage
         Breakdown of Volume Exports by Destination Country
         (includes corresponding Graph/Chart)                           III-147

         Table 188: Leading Exporters of Ferrosilicon in China
         (2014): Ranked on the Basis of Export Volumes (includes
         corresponding Graph/Chart)                                     III-148

         Table 189: Volume Exports of Ferrosilicon (in MT) from
         China during June 2013 through June 2014 (includes
         corresponding Graph/Chart)                                     III-149
        Government Restrictions Bring Steep Rise in Ferrosilicon Prices III-149
        Chinese Ferrosilicon Suppliers Faces Threat from New
         Facilities in Malaysia                                         III-150
        Poor Demand from Steel Mills to Impact Ferrosilicon Prices      III-150
        An Overview of the Chinese Construction Industry                III-151
        Automotive Market in China                                      III-151
        China’s Dominance as the World’s Most Important Auto Market
         Bodes Well for Silicon and Ferrosilicon Demand                 III-152
         Table 190: China’s Emerging Dominance in the World Luxury
         Car Market: Percentage Market Share Comparison of China Vs.
         Other Countries for the Years 2002, 2013 & 2020F (includes
         corresponding Graph/Chart)                                     III-153

         Table 191: Importance of Chinese Passenger Cars Market to
         Domestic Economic Growth As Measured by the Value of Car
         Sales as a Percentage of GDP for the Years 2003, 2011 &
         2013 (includes corresponding Graph/Chart)                      III-154

         Table 192: Growing Chinese Appetite for SUVs: Percentage
         Market Share Comparison of Unit Sales of SUVs Vs. Sedan,
         and MPV for the Years 2013 & 2020F (includes corresponding
         Graph/Chart)                                                   III-154
        Strategic Corporate Developments                                III-155
        Key Players                                                     III-155
      B.Market Analytics                                                III-157
        Table 193: Chinese Recent Past, Current and Future Analysis
        for Silicon by End-Use Segment - Metallurgy, Chemicals,
        Semiconductors and Others Markets Independently Analyzed
        with Annual Consumption Figures in Metric Tons for Years
        2013 through 2020 (includes corresponding Graph/Chart)          III-157

        Table 194: Chinese Historic Review for Silicon by End-Use
        Segment - Metallurgy, Chemicals, Semiconductors and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-158

        Table 195: Chinese 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-159

        Table 196: Chinese Recent Past, Current and Future Analysis
        for Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2013
        through 2020 (includes corresponding Graph/Chart)               III-160

        Table 197: Chinese Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-161

        Table 198: Chinese 15-Year Perspective for Ferrosilicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Ferrous Foundry, Steel Industry and Others Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-162

  5b. REST OF ASIA-PACIFIC                                              III-163
      A.Market Analysis                                                 III-163
        Current and Future Analysis                                     III-163
        Focus on Select Markets                                         III-163
         India                                                          III-163
          Silicon Materials Sector Offers Immense Potential             III-163
          Anti-Dumping Duties on Imports                                III-163
          Indian Ferrosilicon Market Continues to Remain Sluggish       III-164
          An Overview of the Indian Steel Industry                      III-164
         South Korea                                                    III-165
          Table 199: South Korean Imports of Ferrosilicon (2013):
          Percentage Breakdown of Volume Imports by Origin Country
          (includes corresponding Graph/Chart)                          III-165
         Kyrgyzstan                                                     III-166
          New Aluminum-ferrosilicon Facility to Drive Development in
           Kyrgyzstan                                                   III-166
        Strategic Corporate Developments                                III-166
        Key Player                                                      III-167
      B.Market Analytics                                                III-168
        Table 200: Rest of Asia-Pacific Recent Past, Current and
        Future Analysis for Silicon by End-Use Segment - Metallurgy,
        Chemicals, Semiconductors and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-168

        Table 201: Rest of Asia-Pacific Historic Review for Silicon
        by End-Use Segment - Metallurgy, Chemicals, Semiconductors
        and Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-169

        Table 202: Rest of Asia-Pacific 15-Year Perspective for
        Silicon by End-Use Segment - Percentage Breakdown of Volume
        Consumption for Metallurgy, Chemicals, Semiconductors and
        Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-170

        Table 203: Rest of Asia-Pacific Recent Past, Current and
        Future Analysis for Ferrosilicon by End-Use Segment -
        Ferrous Foundry, Steel Industry and Others Markets
        Independently Analyzed with Annual Consumption Figures in
        Metric Tons for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-171

        Table 204: Rest of Asia-Pacific Historic Review for
        Ferrosilicon by End-Use Segment - Ferrous Foundry, Steel
        Industry and Others Markets Independently Analyzed with
        Annual Consumption Figures in Metric Tons for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-172

        Table 205: Rest of Asia-Pacific 15-Year Perspective for
        Ferrosilicon by End-Use Segment - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel Industry and
        Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-173

  6. THE MIDDLE EAST                                                    III-174
      A.Market Analysis                                                 III-174
        Current and Future Analysis                                     III-174
        Construction Sector: Opportunities for Growth                   III-174
        Strategic Corporate Developments                                III-174
      B.Market Analytics                                                III-175
        Table 206: Middle East Recent Past, Current and Future
        Analysis for Silicon by End-Use Segment - Metallurgy,
        Chemicals, Semiconductors and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-175

        Table 207: Middle East Historic Review for Silicon by
        End-Use Segment - Metallurgy, Chemicals, Semiconductors and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-176

        Table 208: Middle East 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-177

        Table 209: Middle East Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Segment - Ferrous
        Foundry, Steel Industry and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-178

        Table 210: Middle East Historic Review for Ferrosilicon by
        End-Use Segment - Ferrous Foundry, Steel Industry and Others
        Markets Independently Analyzed with Annual Consumption
        Figures in Metric Tons for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-179

        Table 211: Middle East 15-Year Perspective for Ferrosilicon
        by End-use Segment - Percentage Breakdown of Volume
        Consumption for Ferrous Foundry, Steel Industry and Others
        Markets for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-180

  7. LATIN AMERICA                                                      III-181
      A.Market Analysis                                                 III-181
        Current and Future Analysis                                     III-181
        Focus on Select Regional Markets                                III-181
         Brazil                                                         III-181
          Mega Sporting Event Trigger Construction Demand               III-181
           Table 212: Brazil Short Term Construction Expenditure for
           FIFA 2014 Football World Cup and Rio 2016 Olympic Games
           by Project Type (2010-2016): Percentage Breakdown of
           Spending on Subways, Highways, Stadiums, and Airports
           (includes corresponding Graph/Chart)                         III-182
           Snapshot of Major Construction Projects Underway in Brazil   III-182
          Brief Overview of the Auto Market in Brazil                   III-182
         Mexico                                                         III-183
          An Overview of the Construction Sector                        III-183
        The Rima Group - A Key Player                                   III-183
      B.Market Analytics                                                III-184
        Table 213: Latin American Recent Past, Current and Future
        Analysis for Silicon by End-Use Segment - Metallurgy,
        Chemicals, Semiconductors and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-184

        Table 214: Latin American Historic Review for Silicon by
        End-Use Segment - Metallurgy, Chemicals, Semiconductors and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-185

        Table 215: Latin American 15-Year Perspective for Silicon by
        End-Use Segment - Percentage Breakdown of Volume Consumption
        for Metallurgy, Chemicals, Semiconductors and Others Markets
        for Years 2006, 2014 & 2020 (includes corresponding
        Graph/Chart)                                                    III-186

        Table 216: Latin American Recent Past, Current and Future
        Analysis for Ferrosilicon by End-Use Segment - Ferrous
        Foundry, Steel Industry and Others Markets Independently
        Analyzed with Annual Consumption Figures in Metric Tons for
        Years 2013 through 2020 (includes corresponding Graph/Chart)    III-187

        Table 217: Latin American Historic Review for Ferrosilicon
        by End-Use Segment - Ferrous Foundry, Steel Industry and
        Others Markets Independently Analyzed with Annual
        Consumption Figures in Metric Tons for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-188

        Table 218: Latin American 15-Year Perspective for
        Ferrosilicon by End-use Segment - Percentage Breakdown of
        Volume Consumption for Ferrous Foundry, Steel Industry and
        Others Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-189


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 60 (including Divisions/Subsidiaries - 66)

     The United States (13)
     Japan (7)
     Europe (16)
     - France (2)
     - Germany (5)
     - Spain (2)
     - Rest of Europe (7)
     Asia-Pacific (Excluding Japan) (25)
     Latin America (4)
     Africa (1)
Additional Information:
This report is offered in PDF format via e-mail. Once downloaded, the PDF can’t be copied to another computer. The user is permitted to print one full copy of the report. Extra copies or licenses may be purchased at 10% of the list price.
Date of Publication:
Sep 16, 2015
File Format:
PDF via E-mail
Number of Pages:
411 Pages
Type the characters you see in the picture above.