India Silicon Metal Market Size & Outlook, 2019-2027
India silicon metal market, 2016-2027 (US$M)
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India silicon metal market highlights
- The India silicon metal market generated a revenue of USD 99.4 million in 2019 and is expected to reach USD 165.0 million by 2027.
- The India market is expected to grow at a CAGR of 6.5% 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 99.4 million |
| Market revenue in 2027 | USD 165.0 million |
| Growth rate | 6.5% (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, India accounted for 1.6% 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 Asia Pacific, China silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 165.0 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 39.44% in 2019. Horizon Databook has segmented the India silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
India silicon metal market remained under pressure from 2016 to 2019 as the overall economic health of the country plummeted to its worst levels. The depressed economic activities led to the slowdown in the domestic automotive sector which further intensified in FY 2020.
Despite such struggling scenario, the country offers huge potential as the domestic aluminum sector continues to evolve. The reform policies to promote the usage of aluminum in the country is projected to remain a key factor in influencing the demand for silicon metal 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 country-level data and insights on the India silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into India silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India silicon metal market size, by application, 2016-2027 (US$M)
India Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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