Silicon Metal Market, By Grade (Chemical grade and Metallurgical), By Application (Aluminum Alloys, Semiconductors, Solar Panels, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Description

The global silicon metal market is estimated to be valued at USD 7.61 Bn in 2024 and is expected to reach USD 10.50 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 7.61 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.70%	2031 Value Projection:	US$ 10.50 Bn

Figure. Silicon Metal Market Share (%), By Region, 2024

The global silicon metal market has been gaining significant traction over the recent years owing to widespread applications of silicon metal across various end-use industries. Silicon is one of the most abundant elements in the Earth's crust and is primarily obtained by reducing high-purity quartz or sand with coke in an electric arc furnace. It finds extensive usage in aluminum alloys, silicone compounds, photovoltaic cells, microelectronics, and others. Moreover, the burgeoning solar industry has emerged as a major growth driver for silicon metal. Rapid infrastructure development activities along with surging demand from the electronics & semiconductors sector are driving the demand for silicon metal globally. However, tight supply of raw materials coupled with energy-intensive production process pose challenges to market players.

Market Dynamics:

The global silicon metal market is primarily driven by robust growth of the solar photovoltaic industry. Silicon metal acts as a key raw material in the manufacturing of solar wafers and cells. According to estimates, the global solar PV demand is projected to grow at over 15% annually through 2030. In addition, silicon metal finds widespread applications in aluminum alloys used across various end-use sectors such as automotive, aerospace, building & construction, and others. This is anticipated to supplement the market expansion over the coming years. However, supply chain disruptions amidst the pandemic coupled with volatile prices of raw materials including quartz/sand pose challenges. Furthermore, energy-intensive reduction process adds to the overall production costs. Market players are focused on addressing these challenges via capacity expansion plans, strategic partnerships, and adoption of advanced manufacturing technologies.

Key Features of the Study:

This report provides an in-depth analysis of the global silicon metal market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global silicon metal market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Elkem ASA, RIMA Group, Rusal, Ferroglobe, Sinova Global Inc, Mississippi Silicon, Minasligas, LIASA , Wacker Chemie AG, PCC SE, Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd, Hoshine Silicon Industry Co. Ltd, Anyang Huatuo Metallurgy, Shin-Etsu Chemical Co. Ltd, Zhongyi Metalware (Tianjin) Co., Ltd, Otto Chemie Pvt Ltd , Phoolchand Bhagatsing, Anyang Dingsheng Silicon Industry Co., Ltd, Wasia Group, and Hensfate Metal Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global silicon metal market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Grade:
- Chemical grade
- Metallurgical
By Application:
- Aluminum Alloys
- Semiconductors
- Solar Panels
- Others (Stainless Steel, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Elkem ASA
- RIMA Group
- Rusal
- Ferroglobe
- Sinova Global Inc
- Mississippi Silicon
- Minasligas
- LIASA
- Wacker Chemie AG
- PCC SE
- Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
- Hoshine Silicon Industry Co. Ltd
- Anyang Huatuo Metallurgy
- Shin-Etsu Chemical Co. Ltd
- Zhongyi Metalware (Tianjin) Co., Ltd
- Otto Chemie Pvt Ltd
- Phoolchand Bhagatsing
- Anyang Dingsheng Silicon Industry Co., Ltd
- Wasia Group
- Hensfate Metal Co., Ltd.

Product Code: CMI5051

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Silicon Metal Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Silicon Metal Market
Impact Analysis

5. Global Silicon Metal Market, By Grade, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Chemical grade
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Metallurgical
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Silicon Metal Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Aluminum Alloys
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Semiconductors
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Solar Panels
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others (Stainless Steel, etc.)
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Silicon Metal Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Elkem ASA
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- RIMA Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Rusal
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ferroglobe
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sinova Global Inc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Mississippi Silicon
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Minasligas
- LIASA
- Wacker Chemie AG
- PCC SE
- Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd
- Hoshine Silicon Industry Co. Ltd
- Anyang Huatuo Metallurgy
- Shin-Etsu Chemical Co. Ltd
- Zhongyi Metalware (Tianjin) Co., Ltd
- Otto Chemie Pvt Ltd
- Phoolchand Bhagatsing
- Anyang Dingsheng Silicon Industry Co., Ltd
- Wasia Group
- Hensfate Metal Co., Ltd.

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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