Silicon Metal Market size to grow by USD 2,034.25 million from 2022 to 2027, Increase in demand for aluminum

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01 Jun, 2023, 10:45 ET

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NEW YORK, June 1, 2023 /PRNewswire/ -- The global silicon metal market size is estimated to increase by USD 2,034.25 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.01% during the forecast period. An increase in demand for aluminum-silicon alloys notably drives the silicon metal market growth. These alloys witness a significant increase in demand from the automotive and transportation industries. They are popular because they offer a unique combination of desirable properties, such as the casting of complex shapes combined with a good strength-to-weight ratio, which gives these materials advantages over cast iron, lower density, and better mechanical properties. Aluminum silicon alloys are used in the production of sheet metal and wire for welding and brazing, and some of the piston alloys are extruded for forging materials. Hence, such factors drive market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and forecast (2023-2027) before buying the full report -Request a sample report

Silicon metal market – Vendor AnalysisVendor Landscape - The global silicon metal market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer silicon metal in the market are Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe Plc, Henan Star Metallurgy Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Ligas de Aluminio S.A., Minasligas, Mississippi Silicon, Ningxia Darshan Silicon Industry Co. Ltd., PCC SE, RIMA INDUSTRIAL, RW silicium GmbH, Shin Etsu Chemical Co. Ltd., Simcoa Operations Pty Ltd., United Company RUSAL, Wacker Chemie AG, Westbrook Resources Ltd., Wynca Group, and Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd. and others.

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Silicon Metal Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on type (metallurgy grade and chemical grade), application (aluminum alloys, semiconductors, solar panels, stainless steel, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Geography OverviewBy geography, the global silicon metal market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global silicon metal market.

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Silicon Metal Market – Market Dynamics

Key Trends -

Major challenges -

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

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Silicon Metal Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.01%

Market growth 2023-2027

USD 2,034.25 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.54

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 43%

Key countries

US, China, India, Japan, and Russia, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Anyang Wanhua Metal Material Co. Ltd., Dow Inc., Elkem ASA, Ferroglobe Plc, Henan Star Metallurgy Material Co. Ltd., Hoshine Silicon Industry Co. Ltd., Ligas de Aluminio S.A., Minasligas, Mississippi Silicon, Ningxia Darshan Silicon Industry Co. Ltd., PCC SE, RIMA INDUSTRIAL, RW silicium GmbH, Shin Etsu Chemical Co. Ltd., Simcoa Operations Pty Ltd., United Company RUSAL, Wacker Chemie AG, Westbrook Resources Ltd., Wynca Group, and Zhejiang Kaihua Yuantong Silicon Industry Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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