Metallurgical Grade Silicon Sales to Reach US$ 10.1 Billion By 2032
The global metallurgical grade silicon market is valued at US$ 6.7 billion in 2022 and is expected to progress at a CAGR of 4.1% to reach US$ 10.1 billion by the end of 2032.
Consumption of metallurgical grade silicon accounted for over 40% share of the global silicon metal market at the end of 2021.
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Why is Metallurgical Grade Silicon Being Used More and More?
“Rising Metallurgical Grade Silicon Application across End-use Sectors”
The use of silicon of the E metallurgical grade is expanding in the manufacturing and chemical sectors. It is employed, for instance, in the semiconductor and solar energy industries. In addition to being used to assemble various microelectronic devices, refined metallurgical evaluation silicon is needed for the building of sunlight-based cells.
Additionally, a purer variety of metallurgical silicon is used to create electronic grade silicon, which is afterwards used to create sunlight-based evaluation polysilicon. Therefore, the broad range of metallurgical grade silicon’s uses and applications will foster market expansion during the ensuing years.
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Competitive Landscape
Manufacturers of metallurgical grade silicon are looking to expand their manufacturing facilities on the back of rising demand from end-use sectors. Along with this, they are looking for ways to reduce manufacturing costs to improve their market stance over the coming years.
- Ferroglobe 2021 announced plans to restart its silicon metal facility in the United States. The plan is to restart its subsidiary Globe Metallurgical Inc. and also acquire and upgrade equipment to start the production of silicon metal.
- HPQ Silicon Resources Inc. announced in 2021 an agreement with PyroGenesis Canada Inc., a plant development program of fumed silica materials having a low-cost manufacturing process. This new process is a leap forward in the green manufacturing of fumed silica.
Key Companies Profiled:
- Baidao Silicon Powder Co., Ltd
- Ferroglobe
- Elkem ASA
- HPQ Silicon Resources Inc.
- Silicor Materials
- Mississippi Silicon
- Canadian Metals
- American Elements
- Jiuzhou Silicon Industry Co., Ltd
- Ardevur
- Amalgamet Canada LP
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Key Questions Covered in the Metallurgical Grade Silicon Market Report
- What is the projected value of the Metallurgical Grade Silicon factors Industry in 2022?
- At what rate will the global Metallurgical Grade Silicon factors market size grow until 2032?
- Which are the factors hampering the growth of Metallurgical Grade Silicon factors?
- Which region is expected to lead in the global Metallurgical Grade Silicon factors market By 2032?
- Which are the factors driving the Metallurgical Grade Silicon factors Industry during the forecast period?
- What is the expected market value of the Metallurgical Grade Silicon factors market during the forecast period?
Regional Analysis For Metallurgical Grade Silicon Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
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