NEW YORK, Nov. 10, 2016 /PRNewswire/ -- Silicon metal is derived from quartz (silicon dioxide). It is purified elemental silicon alloyed with significant quantities of other elements such as aluminum and calcium. Key applications of silicon metal include aluminum alloys, silicones/silanes, semiconductors, solar panels, and others (laboratory reagents, etc.). Growth in the building & construction industry in Asia Pacific is projected to boost the consumption of silicones. This, in turn, is anticipated to drive the demand for silicon metal during the forecast period. High production cost of silicon metal in certain regions is estimated to hamper the global silicon metal market during the forecast period. However, rising demand for solar panels and in turn silicon metal in North America, Europe, and emerging economies of Asia Pacific is projected to offer immense opportunities for manufacturers during the forecast period. This report analyzes and forecasts the market for silicon metal at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global silicon metal market. It also covers impact of these drivers and restraints on demand for silicon metal during the forecast period. The report also highlights opportunities in the silicon metal market at the global and regional level.The report includes detailed value chain analysis, which provides a comprehensive view of the global silicon metal market. Porter's Five Forces model for the silicon metal market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.