Increased demand for aluminum-silicon alloys, versatility of silicone applications, and semiconductor industry usage.

WILMINGTON, DE, UNITED STATES, September 8, 2024 /EINPresswire.com/ -- The global silicon metal market is on a growth trajectory, projected to reach $8.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.5% from 2020 to 2027. This growth is driven by the versatility of silicones, increased demand for aluminum-silicon (Al-Si) alloys, and the expanding use of silicon in semiconductor applications. However, high production costs pose a challenge, though ongoing efforts to reduce these costs are expected to create new opportunities for market players.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/9627

Key Market Insights:

- Drivers: Increased demand for aluminum-silicon alloys, versatility of silicone applications, and semiconductor industry usage.
- Restraints: High production costs.
- Opportunities: Technological advancements and innovations.

Market Segmentation:

Type:

- Metallurgical grade dominated with over half of the market in 2019, anticipated to grow at a CAGR of 5.9% through 2027.
- Chemical grade is also analyzed.

Application:

- Aluminum alloys led with around 40% of the market in 2019.
- Semiconductors are expected to grow the fastest with a CAGR of 6.2%.

Regional Insights:

- Asia-Pacific: Leading the market with over 40% share in 2019, this region is projected to maintain dominance with the fastest CAGR of 6.4% by 2027.

Key Players:

The market features several prominent players including:

- Anyang Wanhua Metal Material Co. Ltd.
- Dow Inc.
- Elkem ASA
- Ferroglobe PLC
- Henan ALOY New Material Co. Ltd.
- Hoshine Silicon Industry Co. Ltd.
- Liasa
- Mississippi Silicon LLC
- Shin-Etsu Chemical Co. Ltd.
- United Company RUSAL

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/silicon-metal-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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