Brazil Silicon Metal Market Size & Outlook, 2019-2027
Brazil silicon metal market, 2016-2027 (US$M)
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Brazil silicon metal market highlights
- The Brazil silicon metal market generated a revenue of USD 171.0 million in 2019 and is expected to reach USD 236.4 million by 2027.
- The Brazil market is expected to grow at a CAGR of 4.1% from 2020 to 2027.
- In terms of segment, aluminum was the largest revenue generating application in 2019.
- Solar & Semiconductor is the most lucrative application segment registering the fastest growth during the forecast period.
Silicon metal market data book summary
| Market revenue in 2019 | USD 171.0 million |
| Market revenue in 2027 | USD 236.4 million |
| Growth rate | 4.1% (CAGR from 2019 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Solar & Semiconductor |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Silicones, Solar & Semiconductor |
| Key market players worldwide | Ferroglobe PLC, Dow Inc, Elkem ASA Ordinary Shares, Wacker Chemie AG, RIMA Group, RUSAL, Liasa |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.8% of the global silicon metal market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 236.4 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil silicon metal market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicon metal market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 57.43% in 2019. Horizon Databook has segmented the Brazil silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
The primary aluminum output in the country witnessed a serious volatility in terms of output over the first half of FY 2020. The major aluminum smelter of the country Albras closed its operations for 25 days due to the power failure causing fire in the electrical system.
Even the aluminum consumption of Brazil observed a declining trend in FY 2020. The downstream aluminum demand from the domestic automotive sector dried up. The automotive industry of Brazil experienced a decline of nearly 26.2% in terms of full year sales from 2019 to 2020.
Despite such weak sentiments, the demand for silicon metal is anticipated to grow from 2021 as the smelters of the region commission their plants to full operational activity. The aluminum industry of brazil is anticipated to remain a key prospect for the growth of silicon metal market in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil silicon metal market size, by application, 2016-2027 (US$M)
Brazil Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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