Press release
Silicon Metal Market is estimated to grow with a brisk CAGR of 5.4% during forecast period
Silicon is a purified element combines with significant quantities of other elements like calcium, aluminum, and others. Construction and building industry is leading the silicon metal market growth. Major market share segments involve the production of aluminum alloys, which are used in aerospace, foundry and automotive. Further, during forecast, they are used to manufacture silicon and silicon wafers which are used in manufacturing photovoltaic cells and semiconductors and going to accelerate further. However, rising demand for solar panels and in turn silicon metal in North America, Europe, and emerging economies of Asia Pacific is projected to offer profitable opportunities for manufacturers during the forecast period.
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Silicon Metal Market Top Players
• Ferroglobe PLC
• Dow Corning Corporation
• DMG Mori Co., Ltd.
• NextWave Gmbh
• LDK Solar Co., Ltd.
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