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Silicon Metal Material Market Size, Trends & Forecasts | Valuates Reports
Silicon Metal Material Market SizeThe global market for Silicon Metal Material was valued at US$ 6082 million in the year 2024 and is projected to reach a revised size of US$ 9455 million by 2031, growing at a CAGR of 6.6% during the forecast period.
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Silicon Metal is known as a semi-metallic or metalloid, having several of the characteristics of metal. It is the second most abundant element in the Earth"s crust after oxygen, naturally occurring in various forms of silicon dioxide or silicates and very rarely in its pure form in volcanic exhalations.
Global top 5 manufacturers of Silicon Metal have about 33% revenue market share. The Ferroglobe and Hoshine Silicon which has about 9% and nearly 12% market share, which are leading players in the silicon metal industry. In terms of content, Silicon Metal with content 99.0%-99.5% accounts for a major share of about 49% the global Silicon Metal market, and in terms of application, aluminum industry is the largest segment.
By Type
• Metallurgy Grade
• Chemical Grade
By Application
• Aluminum Industry
• Silicone Compounds
• Photovoltaic Solar Cells
• Electronic Semiconductors
Key Companies
East Hope, Elkem Silicones (BlueStar Silicon), Ferroglobe, G.S. Energy, Rima Group, RW Silicium, Simcoa, UC RUSAL, Wacker, Wynca, Hoshine Silicon, Yunnan Yongchang Silicon
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