Europe Silicon Metal Market Size & Outlook, 2019-2027
Europe silicon metal market, 2016-2027 (US$M)
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Europe silicon metal market highlights
- The Europe silicon metal market generated a revenue of USD 1,454.7 million in 2019.
- The market is expected to grow at a CAGR of 3.4% from 2020 to 2027.
- In terms of segment, silicones was the largest revenue generating application in 2019.
- Solar & Semiconductor is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Norway is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 1,454.7 million |
| Market revenue in 2027 | USD 1,894.1 million |
| Growth rate | 3.4% (CAGR from 2019 to 2027) |
| Largest segment | Silicones |
| Fastest growing segment | Solar & Semiconductor |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, Europe region accounted for 24.1% of the global silicon metal market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,634.5 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 44.17% in 2019. Horizon Databook has segmented the Europe silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Europe held the second-largest share of global silicon metal market in 2019. The growth in the region is attributed to emerging technologies such as the introduction of Artificial Intelligence, electrification of vehicles, and digitalization.
In addition, growing production of integrated circuits for manufacturing household appliances, small kitchen appliances, electronic toys, and smart consumer wearables is expected to propel the demand for silicon metal market over the projected period.
Usage of aluminum alloys is increasing in the manufacturing of several automotive components. Growth in the automotive sector is likely to increase the demand for aluminum alloys and thus, benefit silicon metal market over the forecast period.
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Our clientele includes a mix of silicon metal market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe silicon metal market , including forecasts for subscribers. This continent databook contains high-level insights into Europe silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe silicon metal market size, by country, 2016-2027 (US$M)
Europe Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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