According to a new market research report published by sheer analytics and insights, “The Global Silicon Metal Market was valued at $3.4 Billion in 2020. Growing at a high CAGR of more than 8.9% between 2021 and 2031, it is estimated to reach $8.7 Billion by 2031”, as per the latest market research report titled Global Silicon Metal Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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Increased production of aluminum all over the world is the main reason that will help to accelerate the growth of this market during the forecasted period. A significant portion of silicon metal output is used to produce aluminum. Its global output is expected to recover from the pandemic of COVID-19 in a steady manner with high demand for aluminum from the building and construction industry. This will help to drive the growth of the market during the forecasted period.
Geographically, The Global Silicon Metal Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
List of Companies Covered:
- Ferroglobe Plc
- Dow DuPont
- Elkem ASA
- RIMA Group
- Rusal
- LIASA
- Wacker Chemie AG
Read Full Reports: https://www.sheeranalyticsandinsights.com/market-report-research/silicon-metal-market-21
The Global Silicon Metal Market Has Been Segmented Into:
Global Silicon Metal Market, By Application Type
- Aluminum
- Silicones
- Solar & Semiconductor
Global Silicon Metal Market, By Region Type
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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