Silicon Metal Market

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Silicon Metal Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2030, Segmented By Product (Metallurgy Grade, Chemical Grade); By Application (Aluminum Alloys, Semiconductors, Solar Panels, Stainless Steel); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))

Published Date: February 2024
Report ID: BWC24090
Available Format: PDF
Page: 400

Report Overview

Growing adoption of advancements in silicon production technology, an increasing demand for silicon metal from key end use industries, and governments’ supportive initiatives for renewable energy and environmental sustainability are expected to drive the Global Silicon Metal Market during the forecast period between 2024 and 2030.

Global Silicon Metal Market – Industry Trends & Forecast Report, 2030

The Global Silicon Metal Market size was estimated at USD 7.3 billion in 2023. During the forecast period between 2024 and 2030, the Global Silicon Metal Market size is projected to grow at a CAGR of 5% reaching a value of USD 9.78 billion by 2030. A prominent driver of the market is the growing demand for aluminum alloys from the thriving automotive sector. The surge in demand for aluminum-silicon alloys is projected to boost the consumption of silicon metals, driven by the rising global demand for electric vehicles and increased automobile production. Another driving force is the increasing utilization of smart cellular phones, laptops, tablets, and other electronic devices is expected to propel the silicon metal market. The market growth is also expected to be bolstered by the broadening range of applications for silicones, increasing demand from energy storage sectors, and growing adoption by the global chemical industry.

Silicon Metal Market

Silicon Metal – Overview

Silicon metal, a pivotal industry additive, results from smelting quartz and coke in an electric heating furnace. Its composition, primarily 98% silicon, has recently edged closer to 99.99%. Common impurities include iron, aluminum, and calcium. Silicon metal serves as a vital feedstock in producing silicones, aluminum alloys, and semiconductor materials. Diverse grades cater to specific industries: metallurgical, chemical, electronic, polysilicon, solar, and high purity. The initial step involves refining silica from quartz rock or sand, followed by a hydrometallurgical process to achieve the chemical-grade silicon required for the production of silicones and silanes.

Global Silicon Metal Market

Growth Drivers

Growing Demand from Key End Use Industries

In various industrial applications, aluminum is strategically alloyed with other metals to amplify its inherent benefits. This versatile material finds widespread use, particularly when combined with silicon to create alloys that constitute a substantial portion of casting-manufactured materials. Renowned for their exceptional castability, mechanical properties, corrosion resistance, and wear resistivity, these aluminum-silicon alloys are extensively applied in the automotive and aerospace sectors. The addition of minor alloying elements like copper and magnesium further enhances their mechanical properties, making them responsive to heat treatment.

Advancements in Silicon Production Technology

The pursuit of lighter yet robust components in material design remains paramount. Aluminum-silicon (Al-Si) alloy emerges as a pivotal material, frequently employed in diverse industries, including aerospace, automotive, marine, and defense. The alloy boasts outstanding castability, weldability, high fluidity, a low thermal expansion coefficient, high specific strength, and commendable wear and corrosion resistance. The ongoing emphasis on energy savings and pollution control underscores the importance of Al-Si alloy in these critical sectors. Notably, advancements in silicon production technology play a pivotal role in shaping and enhancing the properties of these alloys, aligning them with evolving industrial demands.

Challenges

Volatile Raw Material Prices

Silicon metal production, reliant on a Submerged Arc Furnace, faces challenges from volatile raw material prices, notably quartz. Dominated by a few global players, quartz's continuous availability is crucial. New entrants find it difficult to afford, impacting production costs. The energy-intensive smelting process and the Siemens method's substantial electrical demands further contribute to production costs. These factors, tied to raw material uncertainties, are anticipated to constrain market growth. Nevertheless, silicon metal's integral role in the global manufacturing chain is expected to mitigate the market impact of its own price fluctuations.

Impact of Geopolitical Tensions on Global Silicon Metal Market

The Global Silicon Metal Market is significantly influenced by geopolitical tensions in diverse dimensions. Geopolitical events, specifically the recent conflicts in the Middle East, underscore the intricate interplay between political dynamics and economic repercussions. The sector faces potential disruptions in its supply chain, particularly concerning essential raw materials, due to regional conflicts, contributing to uncertainties in production and pricing. The intensification of geopolitical tensions, especially in regions vital to silicon metal production, such as the Middle East, holds the potential to disrupt global supply chains and elevate production costs. Also, the ongoing war between Russia and Ukraine has direct economic consequences, impacting the silicon metal market. As geopolitical tensions persist, Russia faces economic and financial isolation, potentially affecting the supply of critical components for silicon metal production. The US-China trade tensions contribute additional complexities, with the Biden administration maintaining tariffs and restrictions on semiconductor sales to China. These tensions reshape trade patterns and market dynamics within the silicon metal sector, impacting global supply and demand. In essence, the multifaceted impact of geopolitical tensions on the Global Silicon Metal Market encompasses supply chain vulnerabilities, production cost fluctuations, and alterations in global trade dynamics, creating a landscape where political developments resonate significantly throughout the industry.

Global Silicon Metal Market

Segmental Coverage

Global Silicon Metal Market – By Product

Based on product, the Global Silicon Metal Market is bifurcated into Metallurgy Grade and Chemical Grade segments. The metallurgy grade segment holds a higher share in the Global Silicon Metal Market by product. The majority of metallurgical silicon metal production is attributed to aluminum alloys. The transportation industry leverages aluminum alloys to create lightweight vehicle components. The rise in solar cell installations has driven increased sales of metallurgical-grade silicon utilized in solar cell manufacturing. Also, technological advancements have spurred expansion in the electronics industry, fostering the development of the metallurgical grade silicon market. The incorporation of metallurgical grade silicon in the production of silicones and silanes contributes to the market's growth, given the diverse applications of these compounds.

Silicon Metal Market Share

Global Silicon Metal Market – By Application

On the basis of application, the Global Silicon Metal Market is divided into Aluminum Alloys, Semiconductors, Solar Panels, and Stainless Steel segments. The aluminum alloys segment holds the highest share in the Global Silicon Metal Market by application. Its prominence stems from widespread applications in automotive, construction, marine, and transportation industries, making it the largest subsegment in the Global Silicon Metal Market. Particularly crucial in automotive and construction, lightweight aluminum alloys play a key role in enhancing fuel efficiency. Their ability to be cast into intricate shapes positions them as potential replacements for heavier components, such as those made of cast iron and steel. Among various alloys, aluminum silicon stands out due to its exceptional qualities, including superior castability, high corrosion resistance, thermal conductivity, and machinability.

Global Silicon Metal Market – By Region

The in-depth research report on the Global Silicon Metal Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia Pacific region is expected to hold the highest share in the Global Silicon Metal Market during the forecast period. The dominance is propelled by the industrial expansion in countries like India and China. Over the forecast period, aluminum alloys are anticipated to play a vital role in sustaining silicon demand, especially in emerging applications, such as packaging, automotive, and electronics. Notably, Japan, Taiwan, and India have experienced significant infrastructure development, leading to heightened sales of communication infrastructure, network hardware, and medical equipment. The demand for silicon metal sees a rise, particularly for silicon-based materials like silicones and silicon wafers. The increased consumption of silicon metal by Asia-based automobile manufacturing companies is expected to drive the production of aluminum-silicon alloys during the forecast period, presenting growth opportunities in the silicon metal market, particularly in the automotive sector.

Competitive Landscape

Major players operating in Global Silicon Metal Market include Ferroglobe, Elkem, Dow, Wacker Chemie AG, Hoshine Silicon, Rusal, Simcoa, RW Silicium, G.S. Energy, and Liasa. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

In January 2024 - Oslo-based Elkem introduced an innovative iron silicon soft magnetic powder developed through the EU-funded SOMA project. Designed for additive manufacturing of electrical motor components, the powder's easy magnetization is said to offer transformative potential in motor parts manufacturing. Supported by EIT Raw Materials and EU funding, the EUR 5.6-million project aims to commercialize the powder, initially available in small volumes. Elkem, a silicon-based materials provider, aligns with the evolving landscape of sustainable transportation.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2030
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	Revenue in USD billion
Market Coverage	North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)
Product/ Service Segmentation	Product, Application, Region
Key Players	Ferroglobe, Elkem, Dow, Wacker Chemie AG, Hoshine Silicon, Rusal, Simcoa, RW Silicium, G.S. Energy, Liasa

By Product

Metallurgy Grade
Chemical Grade

By Application

Aluminum Alloys
Semiconductors
Solar Panels
Stainless Steel

By Region

North America
Europe
Asia Pacific (APAC)
Latin America (LATAM)
Middle East and Africa (MEA)

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Global Silicon Metal Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Growing demand from key end-use industries
    2. Government initiatives for renewable energy and environmental sustainability
    3. Advancements in silicon production technology
  2. Restraints
    1. Volatile raw material prices
    2. Geopolitical instability and trade disruptions
  3. Opportunities
    1. Growing demand for high-purity silicon in advanced applications (EVs, renewable energy)
    2. Expansion of electric vehicle (EV) and renewable energy markets
  4. Challenges
    1. Intensifying competition in the global market
    2. Fluctuating demand from cyclical industries
3. Technological Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Silicon Metal Market Overview
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share and Forecast
  1. By Product
    1. Metallurgy Grade
    2. Chemical Grade
  2. By Application
    1. Aluminum Alloys
    2. Semiconductors
    3. Solar Panels
    4. Stainless Steel
    5. Others
  3. By Region
    1. North America
    2. Europe
    3. Asia Pacific (APAC)
    4. Latin America (LATAM)
    5. Middle East and Africa (MEA)
North America Silicon Metal Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Product
  2. By Application
  3. By Country
    1. United States
      1. By Product
      2. By Application
    2. Canada
      1. By Product
      2. By Application
Europe Silicon Metal Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Product
  2. By Application
  3. By Country
    1. Germany
      1. By Product
      2. By Application
    2. United Kingdom
      1. By Product
      2. By Application
    3. Italy
      1. By Product
      2. By Application
    4. France
      1. By Product
      2. By Application
    5. Spain
      1. By Product
      2. By Application
    6. Belgium
      1. By Product
      2. By Application
    7. Russia
      1. By Product
      2. By Application
    8. Rest of Europe
      1. By Product
      2. By Application
Asia Pacific Silicon Metal Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Product
  2. By Application
  3. By Country
    1. China
      1. By Product
      2. By Application
    2. India
      1. By Product
      2. By Application
    3. Japan
      1. By Product
      2. By Application
    4. South Korea
      1. By Product
      2. By Application
    5. Australia & New Zealand
      1. By Product
      2. By Application
    6. Indonesia
      1. By Product
      2. By Application
    7. Malaysia
      1. By Product
      2. By Application
    8. Singapore
      1. By Product
      2. By Application
    9. Vietnam
      1. By Product
      2. By Application
    10. Rest of APAC
      1. By Product
      2. By Application
Latin America Silicon Metal Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Product
  2. By Application
  3. By Country
    1. Brazil
      1. By Product
      2. By Application
    2. Mexico
      1. By Product
      2. By Application
    3. Argentina
      1. By Product
      2. By Application
    4. Peru
      1. By Product
      2. By Application
    5. Rest of LATAM
      1. By Product
      2. By Application
Middle East & Africa Silicon Metal Market
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Product
  2. By Application
  3. By Country
    1. Saudi Arabia
      1. By Product
      2. By Application
    2. UAE
      1. By Product
      2. By Application
    3. Qatar
      1. By Product
      2. By Application
    4. Kuwait
      1. By Product
      2. By Application
    5. South Africa
      1. By Product
      2. By Application
    6. Nigeria
      1. By Product
      2. By Application
    7. Algeria
      1. By Product
      2. By Application
    8. Rest of MEA
      1. By Product
      2. By Application
Competitive Landscape
1. List of Key Players and Their Offerings
2. Global Silicon Metal Market Share Analysis, 2023
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Escalating Geopolitical Tensions on Global Silicon Metal Market
Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
1. Ferroglobe
2. Elkem
3. Dow
4. Wacker Chemie AG
5. Hoshine Silicon
6. Rusal
7. Simcoa
8. RW Silicium
9. G.S. Energy
10. Liasa
11. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1 Global Silicon Metal Market Segmentation

Figure 2 Global Silicon Metal Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2023

Figure 4 Global Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 5 Global Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 6 Global Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 7 Global Silicon Metal Market Share, By Region, By Value, 2019–2030

Figure 8 North America Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 9 North America Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 10 North America Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 11 North America Silicon Metal Market Share, By Country, By Value, 2019–2030

Figure 12 United States Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 13 United States Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 14 United States Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 15 Canada Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 16 Canada Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 17 Canada Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 18 Europe Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 19 Europe Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 20 Europe Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 21 Europe Silicon Metal Market Share, By Country, By Value, 2019–2030

Figure 22 Germany Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 23 Germany Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 24 Germany Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 25 United Kingdom Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 26 United Kingdom Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 27 United Kingdom Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 28 Italy Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 29 Italy Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 30 Italy Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 31 France Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 32 France Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 33 France Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 34 Spain Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 35 Spain Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 36 Spain Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 37 Belgium Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 38 Belgium Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 39 Belgium Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 40 Rest of Europe Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 41 Rest of Europe Silicon Metal Market Share, By Technology, By Value, 2019–2030

Figure 42 Rest of Europe Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 43 Asia Pacific Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 44 Asia Pacific Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 45 Asia Pacific Silicon Metal Market Share, By Deployment, By Value, 2019–2030

Figure 46 Asia Pacific Silicon Metal Market Share, By Country, By Value, 2019–2030

Figure 47 China Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 48 China Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 49 China Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 50 India Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 51 India Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 52 India Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 53 Japan Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 54 Japan Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 55 Japan Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 56 South Korea Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 57 South Korea Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 58 South Korea Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 59 Australia & New Zealand Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 60 Australia & New Zealand Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 61 Australia & New Zealand Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 62 Indonesia Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 63 Indonesia Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 64 Indonesia Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 65 Malaysia Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 66 Malaysia Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 67 Malaysia Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 68 Singapore Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 69 Singapore Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 70 Singapore Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 71 Vietnam Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 72 Vietnam Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 73 Vietnam Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 74 Rest of APAC Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 75 Rest of APAC Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 76 Rest of APAC Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 77 Latin America Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 78 Latin America Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 79 Latin America Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 80 Latin America Silicon Metal Market Share, By Country, By Value, 2019–2030

Figure 81 Brazil Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 82 Brazil Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 83 Brazil Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 84 Mexico Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 85 Mexico Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 86 Mexico Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 87 Argentina Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 88 Argentina Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 89 Argentina Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 90 Peru Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 91 Peru Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 92 Peru Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 93 Rest of LATAM Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 94 Rest of LATAM Silicon Metal Market Share, By Product By Value, 2019–2030

Figure 95 Rest of LATAM Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 96 Middle East and Africa Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 97 Middle East and Africa Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 98 Middle East and Africa Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 99 Middle East and Africa Silicon Metal Market Share, By Country, By Value, 2019–2030

Figure 100 Saudi Arabia Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 101 Saudi Arabia Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 102 Saudi Arabia Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 103 UAE Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 104 UAE Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 105 UAE Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 106 Qatar Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 107 Qatar Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 108 Qatar Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 109 Kuwait Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 110 Kuwait Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 111 Kuwait Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 112 Iran Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 113 Iran Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 114 Iran Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 115 South Africa Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 116 South Africa Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 117 South Africa Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 118 Nigeria Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 119 Nigeria Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 120 Nigeria Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 121 Kenya Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 122 Kenya Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 123 Kenya Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 124 Egypt Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 125 Egypt Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 126 Egypt Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 127 Morocco Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 128 Morocco Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 129 Morocco Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 130 Algeria Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 131 Algeria Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 132 Algeria Silicon Metal Market Share, By Application, By Value, 2019–2030

Figure 133 Rest of MEA Silicon Metal Market Size, By Value (USD Billion), 2019–2030

Figure 134 Rest of MEA Silicon Metal Market Share, By Product, By Value, 2019–2030

Figure 135 Rest of MEA Silicon Metal Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1 Global Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 2 Global Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 3 Global Silicon Metal Market Size, By Region, By Value, 2019–2030

Table 4 North America Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 5 North America Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 6 North America Silicon Metal Market Size, By Country, By Value, 2019–2030

Table 7 United States Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 8 United States Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 9 Canada Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 10 Canada Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 11 Europe Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 12 Europe Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 13 Europe Silicon Metal Market Size, By Country, By Value, 2019–2030

Table 14 Germany Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 15 Germany Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 16 United Kingdom Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 17 United Kingdom Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 18 Italy Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 19 Italy Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 20 France Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 21 France Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 22 Spain Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 23 Spain Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 24 Belgium Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 25 Belgium Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 26 Rest of Europe Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 27 Rest of Europe Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 28 Asia Pacific Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 29 Asia Pacific Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 30 Asia Pacific Silicon Metal Market Size, By Country, By Value, 2019–2030

Table 31 China Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 32 China Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 33 India Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 34 India Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 35 Japan Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 36 Japan Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 37 South Korea Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 38 South Korea Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 39 Australia & New Zealand Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 40 Australia & New Zealand Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 41 Indonesia Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 42 Indonesia Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 43 Malaysia Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 44 Malaysia Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 45 Singapore Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 46 Singapore Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 47 Philippines Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 48 Philippines Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 49 Vietnam Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 50 Vietnam Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 51 Rest of APAC Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 52 Rest of APAC Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 53 Latin America Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 54 Latin America Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 55 Latin America Silicon Metal Market Size, By Country, By Value, 2019–2030

Table 56 Brazil Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 57 Brazil Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 58 Mexico Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 59 Mexico Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 60 Argentina Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 61 Argentina Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 62 Peru Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 63 Peru Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 64 Rest of LATAM Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 65 Rest of LATAM Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 66 Middle East and Africa Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 67 Middle East and Africa Silicon Metal Market Size, By Country, By Value, 2019–2030

Table 68 Saudi Arabia Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 69 Saudi Arabia Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 70 UAE Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 71 UAE Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 72 Qatar Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 73 Qatar Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 74 Kuwait Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 75 Kuwait Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 76 Iran Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 77 Iran Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 78 South Africa Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 79 South Africa Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 80 Nigeria Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 81 Nigeria Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 82 Kenya Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 83 Kenya Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 84 Egypt Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 85 Egypt Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 86 Morocco Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 87 Morocco Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 88 Algeria Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 89 Algeria Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 90 Rest of MEA Silicon Metal Market Size, By Product, By Value, 2019–2030

Table 91 Rest of MEA Silicon Metal Market Size, By Application, By Value, 2019–2030

Table 92 Ferroglobe Company Overview

Table 93 Ferroglobe Financial Overview

Table 94 Elkem Company Overview

Table 95 Elkem Financial Overview

Table 96 Dow Company Overview

Table 97 Dow Financial Overview

Table 98 Wacker Chemie AG Company Overview

Table 99 Wacker Chemie AG Financial Overview

Table 100 Hoshine Silicon Company Overview

Table 101 Hoshine Silicon Financial Overview

Table 102 Rusal Company Overview

Table 103 Rusal Financial Overview

Table 104 Simcoa Company Overview

Table 105 Simcoa Financial Overview

Table 106 RW Silicium Company Overview

Table 107 RW Silicium Financial Overview

Table 108 G.S. Energy Company Overview

Table 109 G.S. Energy Financial Overview

Table 110 Liasa Company Overview

Table 111 Liasa Financial Overview

Table 112 Other Prominent Players Company Overview

Table 113 Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. What is the current market size of Global Silicon Metal Market?

Ans: Global Silicon Metal Market size was estimated at USD 7.3 billion in 2023.

2. What is the expected growth rate of the Global Silicon Metal Market during the forecast period?

Ans: Global Silicon Metal Market is expected to grow at a CAGR of 5% during the forecast period between 2024 and 2030.

3. What is the forecast value of the Global Silicon Metal Market size by 2030?

Ans: Global Silicon Metal Market size is forecast to reach a value of USD 9.78 billion by 2030.

4. What are the major factors driving the growth of Global Silicon Metal Market?

Ans: The growth of the Global Silicon Metal Market is primarily driven by the growing demand from key end use industries, rising government initiatives for renewable energy and environmental sustainability, increasing advancements in silicon production technology.

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Silicon Metal Market

Silicon Metal Market

Report Overview

Market Segmentation

To request a free sample copy of this report, please complete the form below.

Frequently Asked Questions (FAQs):

1. What is the current market size of Global Silicon Metal Market?

2. What is the expected growth rate of the Global Silicon Metal Market during the forecast period?

3. What is the forecast value of the Global Silicon Metal Market size by 2030?

4. What are the major factors driving the growth of Global Silicon Metal Market?

5. Name the fastest growing region in the Global Silicon Metal Market during the forecast period.

6. Which is the fastest growing application segment in the Global Silicon Metal Market?

7. Which segment accounts for a major market share in the Global Silicon Metal Market by product?

8. Name the key players in Global Silicon Metal Market.

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24/7 Research Support

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Quality & Accuracy

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