Silicon Metal Market

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)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. 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
  4. 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)
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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.)
  11. Impact of Escalating Geopolitical Tensions on Global Silicon Metal Market
  12. 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
  13. Key Strategic Recommendations
  14. 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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No data available

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Frequently Asked Questions (FAQs):

Ans: Global Silicon Metal Market size was estimated at USD 7.3 billion in 2023.
Ans: Global Silicon Metal Market is expected to grow at a CAGR of 5% during the forecast period between 2024 and 2030.
Ans: Global Silicon Metal Market size is forecast to reach a value of USD 9.78 billion by 2030.
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.
Ans: Asia Pacific is expected to grow at the fastest CAGR in the Global Silicon Metal Market during the forecast period between 2024 and 2030.
Ans: The aluminum alloys segment is expected to grow at the fastest CAGR in the Global Silicon Metal Market during the forecast period between 2024 and 2030.
Ans: The metallurgy grade segment holds a major share in the Global Silicon Metal Market by product.
Ans: Key players in Global Silicon Metal Market include Ferroglobe, Elkem, Dow, Wacker Chemie AG, Hoshine Silicon, Rusal, Simcoa, RW Silicium, G.S. Energy, and Liasa.
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