Silicon metal size Market Report 2025

This Silicon metal size market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The silicon metal size market size has grown strongly in recent years. It will grow from $7.47 billion in 2024 to $7.89 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to demand from the electronics industry, industrialization trends, energy sector utilization: global economic conditions, government policies and regulations.

The silicon metal size market size is expected to see strong growth in the next few years. It will grow to $9.65 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to renewable energy growth, urbanization and infrastructure development, environmental sustainability initiatives, geopolitical factors, and consumer electronics evolution. Major trends in the forecast period include advancements in energy storage, automotive sector integration, technological innovations in silicon production, global industrialization and urbanization, focus on high-purity silicon.

The rising demand for electric vehicles is projected to drive the growth of the silicon metal size market in the future. Electric vehicles operate using an electric motor powered by an externally rechargeable battery. Silicon metal size plays a crucial role in enhancing energy efficiency, corrosion resistance, durability, and thermal expansion properties, which contribute to greater battery-specific volume and energy density in electric vehicles, thereby increasing demand. For instance, in August 2024, Eurostat, the Luxembourg-based Directorate-General of the European Commission, reported that 1.5 million new battery-only electric passenger cars were registered in the EU in 2023, raising the total to 4.5 million. This marks a 48.5% increase compared to 2022, when the total was 3 million. Thus, the growing demand for electric vehicles is fueling the expansion of the silicon metal size market.

The increasing adoption of renewable energy sources is anticipated to drive the growth of the silicon metal market in the future. Renewable energy sources are natural power sources that are continuously replenished, including solar, wind, hydropower, and geothermal energy. Silicon metal plays a vital role in renewable energy, particularly in solar panels, as it is a key component in photovoltaic cells used to capture solar energy. For example, in December 2023, Eurostat, the Luxembourg-based Directorate-General of the European Commission, reported that in 2022, the share of renewable sources in gross final energy consumption across the EU reached 23%, representing a 1.1 percentage point increase from 2021. Thus, the rising adoption of renewable energy sources is driving the demand for silicon metal.

Technological advancements form a prominent trend in the silicon metal market. Companies within this sector are embracing new technologies to maintain their market positions. For example, Dow, a US-based chemical manufacturer, introduced the SILASTIC SA 994X Liquid Silicone Rubber series in January 2023. This specialized rubber is designed for various automotive applications, offering properties such as self-adhesion, self-lubrication, and durable performance under heat and humidity conditions.

Key players in the silicon metal market are adopting strategic Memorandums of Understanding (MOUs) to establish comprehensive solar supply chains. An illustration is the partnership between Ferroglobe PLC and Rec Silicon in June 2022. Through this MOU, they aim to create a holistic solar supply chain, leveraging Ferroglobe's technical expertise and Rec Silicon's high-purity silicon materials. These collaborations are instrumental in shaping a robust and complete solar supply chain.

In February 2023, indie Semiconductor, a US-based innovator in Autotech solutions, acquired Silicon Radar GmbH for an undisclosed sum. This strategic acquisition aims to accelerate product roadmap development, supplementing previous acquisitions of radar divisions from Analog Devices and ON Semi. It seeks to reinforce technological leadership specifically in automotive radar applications, broaden market presence, offer more cost-effective solutions, reduce time to market, and capitalize on the growing global market for radar semiconductors. Silicon Radar GmbH, based in Germany, specializes in designing and delivering silicon chips for electronic and electrical appliances.

Silicon metal, a metallically glossy metalloid, is a semi-conductive material utilized in its pure form. Its applications span diverse industries, including steel manufacturing, solar cell production, and microchip fabrication, owing to its unique properties.

The production categorizations for silicon metal comprise metallurgical grade and chemical grade. Metallurgical silicon, also recognized as silicon metal, is obtained as a by-product through a purification process involving heat and a reducing agent. This metallurgical-grade silicon finds its use in various sectors such as aluminum alloys, semiconductor manufacturing, solar panel technology, stainless steel production, and others.

The silicone metal size market research report is one of a series of new reports that provides silicone metal size market statistics, including silicone metal size industry global market size, regional shares, competitors with a silicone metal size market share, detailed silicone metal size market segments, market trends and opportunities, and any further data you may need to thrive in the silicone metal size industry. This silicone metal size market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the silicon metal size market include 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., 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., Silicon Metal Industries, The Quartz Corp., Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd, Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation.

Asia-Pacific was the largest region in the silicone metal size market in 2024 and is expected to be the fastest-growing region in the silicon metal size market report during the forecast period. The regions covered in the silicon metal size market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silicon metal size market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silicon metal size market consists of sales of silicone computer chips, silicon solar cells, ceramics, and transistors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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