Canada Silicon Metal Market Size & Outlook, 2019-2027
Canada silicon metal market, 2016-2027 (US$M)
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Canada silicon metal market highlights
- The Canada silicon metal market generated a revenue of USD 120.6 million in 2019 and is expected to reach USD 142.1 million by 2027.
- The Canada market is expected to grow at a CAGR of 2.1% from 2020 to 2027.
- In terms of segment, silicones was the largest revenue generating application in 2019.
- Silicones 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 120.6 million |
| Market revenue in 2027 | USD 142.1 million |
| Growth rate | 2.1% (CAGR from 2019 to 2027) |
| Largest segment | Silicones |
| Fastest growing segment | Silicones |
| 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, Canada accounted for 2.0% 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 North America, U.S. silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 82.0 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Silicones was the largest segment with a revenue share of 37.65% in 2019. Horizon Databook has segmented the Canada silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Aluminum attracted nearly 39.2% of volume share in 2019 and thus assisted to the market growth of silicon metal. As per the Aluminum Association of Canada, primary aluminum in Canada decreased from 2,135.0 kilotons in the first quarter of 2019 to 2,051.6 kilotons for same period in the previous year.
Amidst COVID-19 pandemic, government of Canada also restricted operations of various essential and non-essential businesses in 2020. The demand for silicon metal reached USD 82.5 million in 2020 from USD 120.6 million, decline of 31.5%. Automotive industry is one of the key growth engine of aluminum industry and indirectly of silicon metal industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada silicon metal market size, by application, 2016-2027 (US$M)
Canada Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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