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Silicon Metal Size Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Silicon Metal Size Market
As per the report, the silicon metal size market size has grown rapidly in recent years. It will grow from $21.21 billion in 2023 to $24.8 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The silicon metal size market size is expected to see rapidly grown in the next few years. It will grow to $43.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%.
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Surging Demand For Electric Vehicles Drives 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 May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric cars (including fully electric and plug-in hybrids) doubled in 2021 to set a new record of 6.6 million, and a number of the electric cars on the world's roads by the end of 2021 was about 16.5 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing demand for electronic vehicles is driving the growth of the silicon metal size market.
Technological Innovations In Silicone Metal Size Market
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.
The silicon metal size market covered in this report is segmented -
1) By Production: Metallurgy Grade, Chemical Grade
2) By Application: Aluminium Alloys, Semi-Conductors, Solar Panels, Stainless Steel, Other Applications
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Major companies operating in the silicon metal size market report are 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., United Co RUSAL International PJSC, 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., FerroPem SASU, Silicon Metal Industries, The Quartz Corp., Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd, Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation .
Contents of the report:
1. Executive Summary
2. Silicon metal size Market Report Structure
3. Silicon metal size Market Trends And Strategies
4. Silicon metal size Market - Macro Economic Scenario
5. Silicon metal size Market Size And Growth
…..
27. Silicon metal size Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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