Metallurgical Grade Silicon Market Is Expected To Progress at a CAGR of 4.1% 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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Key Takeaways from Metallurgical Grade Silicon Market Study

• The global metallurgical grade silicon market is projected to expand at a CAGR of 4.1% and be valued at US$ 10.1 billion by 2032.

• The market registered 2.7% CAGR from 2017 to 2021.

• The >99% segment, under purity level, holds a dominant market share of 65.7% and is poised to rise at 2.8% CAGR over the decade.

• The 1101 grade segment is a major shareholder in the market share at 34.3% and is likely to register a higher growth rate of 3.3% as compared to the other segments.

• 2202 and 3303 are set to register a growth at 2.8% and 2.2% CAGRs, respectively, throughout the assessment period of 2022-2032.

• Under the form segment, powder metallurgical grade silicon leads the market with 55.6% share.

• The East Asia region is the market leader with 42.3% market share in 2021.

• Considering the regions, demand for metallurgical grade silicon is projected to rise at CAGRs of 4.8% and 4.3%, respectively, in South Asia & Oceania and Europe.

Why is the Use of Metallurgical Grade Silicon Increasing Steadily?

"Rising Application of Metallurgical Grade Silicon across End-use Sectors"

Application of E-metallurgical grade silicon in the manufacturing and chemical industries is rising. For instance, it is used in semiconductors and sunlight-based industries. The assembly of sunlight-based cells requires refined metallurgical evaluation silicon in the form of crude material and it is also used to assemble different microelectronic gadgets.

Furthermore, electronic grade silicon is produced using a cleaner type of metallurgical silicon, which is then utilized to produce sunlight-based evaluation polysilicon. Thus, these wide scopes of use and application of metallurgical grade silicon will support market growth over the coming years.

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Key Companies Profiled by Fact.MR

• 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
• PyroGenesis Canada Inc.
• Accrue Group Holdings

Segmentation of Metallurgical Grade Silicon Industry Research

• By Purity Level :

o 98-99%
o >99%

• By Grade :

o 441
o 553
o 1101
o 2202
o 3303
o Others

• By Form :

o Powder
o Granules
o Blocks/Sheets

• By Application :

o Aluminium Casting
o Steel Production
o Foundry Applications
o Others (Semicon and Solar Applications)

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the Duplex Nickel Plating Market report include:

 How the market for Duplex Nickel Plating has grown?
 What is the present and future outlook of the global Duplex Nickel Plating on the basis of region?
 What are the challenges and opportunities for the Duplex Nickel Plating?
 Why the consumption of Duplex Nickel Plating highest in region?
 In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Metallurgical Grade Silicon market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Metallurgical Grade Silicon market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Metallurgical Grade Silicon market and assists to create strategies to overcome the obstacles that may hinder the growth of the Metallurgical Grade Silicon market.

• Leverage: The Metallurgical Grade Silicon market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Metallurgical Grade Silicon market.

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