Sales of 441 Grade Metallurgical Grade Silicon is Expected 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.
Get Free Sample Report To Grow Your Profit Margin:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1568
Why is the Use of Metallurgical Grade Silicon Increasing Steadily?
The use of metallurgical grade silicon is increasing steadily as it is increasingly being used for various applications in the metallurgical and industrial sectors. This silicon is mainly used in the manufacture of cast iron and steel, which is then used to create a range of products. Metallurgical grade silicon is also used in the production of aluminum, copper, and other alloyed metals. Additionally, it is used to create a range of industrial abrasives, including grinding wheels, sandpaper, and other abrasive tools.
The increasing popularity of this silicon is due to its low cost and its ability to achieve high purity levels. It is also highly resistant to corrosion, making it ideal for use in a variety of industrial processes. Furthermore, it has a relatively high melting point, which makes it suitable for use in high temperature applications. As the demand for metallurgical grade silicon increases, so does the availability of metallurgical grade silicon in the market. This has led to increased competition among suppliers, which has helped to drive down the price of this silicon and has made it more accessible to consumers.
The increasing use of metallurgical grade silicon is also attributed to its ability to be recycled. This has made it an attractive option for many companies who are looking to reduce their environmental impact and reduce their overall waste. As the demand for metallurgical grade silicon increases, so does the cost of production, making it an affordable option for businesses looking to reduce their costs.
Share Your Requirements & Get Customized Reports:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=1568
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.
Fact.MR has provided detailed information about the price points of key metallurgical grade silicon producers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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
To Expand Your Verticals, Get Full Access of This Report:
https://www.factmr.com/checkout/1568
Segmentation of Metallurgical Grade Silicon Industry Research
- By Purity Level :
- 98-99%
- >99%
- By Grade :
- 441
- 553
- 1101
- 2202
- 3303
- Others
- By Form :
- Powder
- Granules
- Blocks/Sheets
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)
For More Insights of Fact.MR Trending Report:-
https://www.newswire.co.kr/newsRead.php?no=945688
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Subscribe Newsletter for the Latest Updates
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.
Xherald
