Throughout the initial half of 2023, the Silicon market in Asia underwent a considerable price decline. This decline, influenced by reduced demand from industries reliant on Silicon, like steel and smelting, was accentuated by stockpiling that preceded industrial shutdowns due to the Covid-19 lockdown. As industrial activities resumed, supplies of Silicon increased, yet demand lagged behind, resulting in persistently muted trends in the market.
The European Silicon market experienced similar price drops due to diminished manufacturing sector demand resulting from an economic recession, particularly impacting construction, and heavy metal industries. In North America, Silicon prices faced a similar downward trajectory due to ample inventory, improved supplies, and sluggish consumption driven by interest rate rises and global economic slowdown, leading to an overall bearish market outlook.
Request for Real-Time Silicon Prices: https://www.procurementresource.com/resource-center/silicon-price-trends/pricerequest
Definition
Silicon is a chemical element with the symbol Si and atomic number 14. It is a crucial component of various materials, including semiconductors used in electronic devices. Silicon’s properties make it an excellent conductor of electricity when doped with other elements. It also has industrial applications in the production of alloys, ceramics, and solar cells due to its unique combination of strength, versatility, and electrical conductivity.
Key Details About the Silicon Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Silicon in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Silicon Price chart, including India Silicon price, USA Silicon price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Silicon Price Trend:
Silicon’s versatile industrial applications encompass electronics, where it forms the backbone of semiconductors crucial to modern technology. Its electrical properties make it invaluable in transistors, integrated circuits, and solar cells. Moreover, it contributes to alloys, improving strength and heat resistance in metallurgy. In the field of optics, silicon is used for lenses and mirrors due to its refractive index. Its significance spans electronics, energy, and manufacturing sectors.
Key Players:
- Wacker Chemie AG
- Hemlock Semiconductor Corporation
- Tokuyama Corporation: A Jap
- Zhejiang Kaihua Yuantong Silicon Industry Co., Ltd.
- Ferroglobe PLC
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
