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)

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)


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.


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
* Browse 25 market data tables* and 20 figures* on "Global Silicon Metal Market” - Global forecast to 2031.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings