Latin America Silicon Metal Market Size & Outlook
Latin America silicon metal market, 2016-2027 (US$M)
Related Markets
Latin America silicon metal market highlights
- The Latin America silicon metal market generated a revenue of USD 263.9 million in 2019.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 263.9 million |
| Market revenue in 2027 | USD 366.3 million |
| Growth rate | 4.2% (CAGR from 2019 to 2027) |
| Largest segment | Aluminum |
| 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, Latin America region accounted for 4.4% 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 |
|---|
Latin America 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 57.45% in 2019. Horizon Databook has segmented the Latin America silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Central & South America region silicon metal apparent consumption remained sluggish from 2016 to 2018. The apparent demand for raw material including silicon metal to produce aluminum picked up in 2019 owing to the sentiments around the change in political scenario in Brazil.
The other two primary aluminum producers of the region including Argentina and Venezuela witnessed depressing trends in terms of output in 2019 and 2020. For instance, Venalum and Alcasa which are the key aluminum producer in Venezuela shut down their operations in October 2019.
The company media person stated in a press release that continuous disruption of electricity supply led to the closure of plants. Similarly, in March 2020, Argentinian aluminum smelter Aluar reduced its operational capacity to 25% as the pandemic impacted the downstream demand.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silicon metal market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America silicon metal market size, by country, 2016-2027 (US$M)
Latin America Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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