Silicon Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

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Silicon is an inert synthetic or man-made material. It contains oil, rubber, resins, and elastomers. It comes up as a result of siloxanes being polymerised. It is a member of group 14 in the periodic table and is found in the earth’s crust.

The atomic mass of silicon is 28.0855 u, and its electronic configuration is [Ne] 3s²3p². The melting point of silicon is 1,410 °C and its atomic number is 14.

It is also a polymer made of silicon mixed with hydrogen, carbon, and oxygen, as well as occasionally a few other elements. Due to its chemical inertness, resistance to oxidation and water, and stability at both high and low temperatures, silicon is a component of many industrial goods.

The silicon-producing countries are China, Russia, Norway, Brazil, the United States, France, and Malaysia.

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 the Rice price 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 forecast, chart, 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 Silicon Price Trend:

Silicon is mostly used in solid-state electronics as a semiconductor. It is specifically exposed to trace levels of pollutants like boron, gallium, phosphorus, or arsenic in order to affect its conductivity.

Two alloys that use silicon in their creation are aluminum-silicon and ferrosilicon. It is employed to make parts for machine tools, cylinder heads, engine blocks, etc.

The use of silicon in the creation of solar panels that can tolerate temperatures of up to 111°C increases their commercial viability.

They also work on the creation of rubber waterproof sealant, which is utilised in pipelines, roofs, windows, and other building components. Due to the use of silicon oil in products like cosmetics, there is a global market opportunity for silicones in the cosmetics and personal care industry.

Key Market Players:

• Elkem Silicones
• Dow Chemical Company
• Wacker Chemie AG
• Shin-Etsu Chemical Co., Ltd.,
• Momentive Inc

News and Events:

• October 2022: Elkem ASA revealed plans to establish a new, specialised facility on Timberland court. The new facility, which covers 18,000 square feet, will manufacture high-purity medical silicone materials to satisfy the demands of the Med Tech and Pharmaceutical industries.
• April 2022: Shin-Etsu Chemical Co., Ltd. announced in the creation of a new series of silicone rubber sheets with thermal interfaces for use in electric car parts. These silicone thermal interface materials can be employed as heat dissipation methods for electric car component parts with rising high voltage needs.

Related Reports:

Silicones Price Trend - https://www.procurementresource.com/resource-center/silicones-price-trends
Siloxanes Price Trend - https://www.procurementresource.com/resource-center/siloxanes-price-trends
Silver Price Trend - https://www.procurementresource.com/resource-center/silver-price-trends

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.

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