Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Rubidium Market Size Investment Casting Market Size Platinum Market Size Engineered Quartz Stone (EQS) Market SizeGlobal Silicon Metal Market Size to worth USD 23.37 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Silicon Metal Market Size is Expected to Grow from USD 14.29 Billion in 2023 to USD 23.37 Billion by 2033, at a CAGR of 5.04% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Silicon Metal Market Size, Share, and COVID-19 Impact Analysis, By Product Form (Metallurgical and Chemical), By Application (Aluminium Alloys, Silicone, Semiconductors, Solar Panels, and Stainless Steel), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A refined form of silicon, silicon metal normally contains 98–99% silicon with trace levels of calcium, iron, and aluminum. In an electric furnace, quartz and carbon are melted to create it. Silicon metal is a crucial component in various industries, with global demand increasing due to industrialization, infrastructure development, and electronics and solar panel demand. It is used in the aluminum industry, chemical industry, electronics, and solar energy sector, with silicon being a key material in semiconductors and computer chips. Most silicon metal produced is used to create aluminum alloys, which are utilized in the automotive and aviation sectors. The worldwide silicon metal market is anticipated to rise at a quicker rate due to the extensive manufacturing base of aluminum alloys and the expansion of the semiconductor and solar sectors. The growing concentration of industry experts and aerospace and defense elastomers owners is another factor driving the market's growth. Growth is also being driven by the move toward lighter aircraft, which the building and construction industry is anticipated to support. Various government initiatives drive the market of silicon metal. For instance, the Semicon India Program was started by the Indian government with a total investment of Rs76,000 crore, or more than USD 10 billion. This program seeks to establish a strong manufacturing ecosystem for semiconductors and displays in India1. Up to 50% of project expenditures for the establishment of semiconductor, display, and compound semiconductor, silicon photonics, and sensor fabrication facilities are covered by the program. However, submerged arc furnaces (SAF) high energy requirements, labor, transportation, and production costs of silicon metal, a highly energy-intensive product, limit market growth due to its energy-intensive purification process.
The metallurgical segment is predicted to hold the greatest market share through the forecast period.
Based on the product form, the silicon metal market is classified into metallurgical and chemical. Among these, the metallurgical segment is predicted to hold the greatest market share through the forecast period. The majority of silicon metal produced metallurgically is made from aluminum alloys. In the transportation sector, aluminum alloys enable lightweight vehicle components. As the number of solar cell installations has grown, so too have sales of metallurgical-grade silicon required to make solar cells.
The aluminum alloys segment is anticipated to hold the largest market share during the projected timeframe.
Based on the application, the silicon metal market is divided into aluminum alloys, silicone, semiconductors, solar panels, and stainless steel. Among these, the aluminum alloy segment is anticipated to hold the largest market share during the projected timeframe. Al alloys, used in automotive, construction, marine, and transport industries, hold the largest global market share due to their superior performance. AlSi alloys, with their good castability, high corrosion resistance, thermal conductivity, and machinability, could replace heavier components made of cast iron and steel.
Asia-Pacific is estimated to hold the largest share of the silicon metal market over the forecast period.
Asia Pacific is estimated to hold the largest share of the silicon metal market over the forecast period. This is due to industrial expansion in countries like India and China, with aluminum alloys playing a crucial role in packaging, automobiles, and electronics. Infrastructure development in Japan, Taiwan, and India boosts demand for silicon-based materials, with growth opportunities in automotive sectors like transport and passengers.
North America is predicted to have the fastest CAGR growth in the silicon metal market over the forecast period. This is due to advancements in semiconductor manufacturing and automotive technologies. Consumer electronics items like personal computers, laptops, wearable technology, voice recognition, artificial intelligence, game consoles, and digital cameras are in high demand due to widespread urbanization.
Competitive Analysis
Major key players in the silicon metal market include Ferroglobe Plc, Dow DuPont, Elkem ASA, RIMA Group, Rusal, LIASA, and Wacker Chemie AG., and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the silicon metal market based on the below-mentioned segments:
Global Silicon Metal Market, By Product Form
Global Silicon Metal Market, By Application
Global Silicon Metal Market, By Regional Analysis
Mar 2025 - The Global Financial Calculators Market Size is Expected to Grow from USD 1.91 Billion in 2023 to USD 3.31 Billion by 2033, at a CAGR 5.65% during the forecast period 2023-2033.
Mar 2025 - The Global Solvent Market Size Expected to Grow from USD 33.49 Billion in 2023 to USD 59.12 Billion by 2033, at a CAGR of 5.8% during the forecast period 2023-2033.
Mar 2025 - The Global Semiconductor Yield Analytics Tools Market Size is Expected to Grow from USD 901.5 Million in 2023 to USD 2150.5 Million by 2033, at a CAGR of 9.08% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
