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.
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.
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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
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
Click full report at https://www.sheeranalyticsandinsights.com/market-report-research/silicon-metal-market-21
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