What are the recent trends in market size and growth for the silicon metal size market?
The silicon metal size market size has grown strongly in recent years. It will grow from $7.47 billion in 2024 to $7.89 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to demand from the electronics industry, industrialization trends, energy sector utilization: global economic conditions, government policies and regulations.
The silicon metal size market size is expected to see strong growth in the next few years. It will grow to $9.65 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to renewable energy growth, urbanization and infrastructure development, environmental sustainability initiatives, geopolitical factors, and consumer electronics evolution. Major trends in the forecast period include advancements in energy storage, automotive sector integration, technological innovations in silicon production, global industrialization and urbanization, focus on high-purity silicon.
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How have varous drivers impacted the growth of the silicon metal size market?
The increasing demand for electronic vehicles is expected to propel the growth of the silicon metal size market going forward. An electronic vehicle is driven by an electric motor powered by a battery that can be charged externally. The silicon metal size ensures energy efficiency, resistance to corrosion, durability, and thermal expansion characteristics, which helps electric vehicles gain more battery-specific volume and energy density, thus boosting the demand. For instance, in August 2024, according to Eurostat, a Luxembourg-based Directorate-General of the European Commission, there were 1.5 million new battery-only electric passenger cars registered in the EU in 2023, bringing the total number to 4.5 million. This represents a 48.5% increase compared with 2022, when the total number was 3.0 million. Therefore, the increasing demand for electronic vehicles is driving the growth of the silicon metal size market.
What are the primary segments of the silicon metal size market?
The silicon metal size market covered in this report is segmented –
1) By Production: Metallurgy Grade, Chemical Grade
2) By Application: Aluminum Alloys, Semi-Conductors, Solar Panels, Stainless Steel, Other Applications
Subsegments:
1) By Metallurgy Grade: Silicon Metal 99%, Silicon Metal 98%, Silicon Metal 97%
2) By Chemical Grade: Silicon Metal 99.5%, Silicon Metal 99.9%, Silicon Metal 99.99%
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Which firms are leading the silicon metal size market?
Major companies operating in the silicon metal size market include Ferroglobe plc, DuPont de Nemours Inc., Elkem ASA, Wacker Chemie AG, Hoshine Silicon Industry, Shin-Etsu Chemical Co. Ltd., Anyang Wanhua Metal Material Co. Ltd., Library and Information Association of South Africa, Mississippi Silicon LLC, Henan Aloy New Material Co. Ltd., Rima Group, Zhejiang Kaihua Huantong Silicon Industry, Infineon Technologies AG, ST Microelectronics NV, Fuji Electric Co. Ltd., PCC SE, Simcoa Operations Pty. Ltd., China National BlueStar (Group) Co. Ltd., RW Silicium GmbH, Minasligas SA, Globe Specialty Metals Inc., Silicon Metal Industries, The Quartz Corp., Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd, Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation
What are the most influential trends expected to drive the silicon metal size market forward?
Technological innovations are a key trend gaining popularity in the silicone metal size market. Companies operating in the silicon metal size market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Dow, a US-based plastic and chemical manufacturer and synthetic fiber supplier, launched the SILASTIC SA 994X Liquid Silicone Rubber (LSR) series, a selective adhesion liquid silicone rubber. It is uniquely designed for two-component injection molding with thermoplastic substrates across multiple automotive applications with primerless, self-adhesive, general purpose and self-lubricating, one-to-one mix ratio LSRs. It has durable adhesion under heat and humidity with 12-month shelf-life stability and can develop full bond strength instantly.
Which geographic trends are shaping the silicon metal size market, and which region has the highest market share?
Asia-Pacific was the largest region in the silicone metal size market in 2024 and is expected to be the fastest-growing region in the silicon metal size market report during the forecast period. The regions covered in the silicon metal size market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Silicon metal size Market Report 2025 Offer?
The silicon metal size market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Silicon metal size refers to a grey metal, metallically glossy metalloid element in its pure form. It is a semi-conductive metal that is grey and glossy and is used to make steel, solar cells, and microchips. Silicon of the metallurgical grade is also known as silicon metal due to its gleaming appearance.
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