Middle East & Africa Silicon Metal Market Size & Outlook
Middle East & Africa silicon metal market, 2016-2027 (US$M)
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MEA silicon metal market highlights
- The MEA silicon metal market generated a revenue of USD 881.8 million in 2019.
- The market is expected to grow at a CAGR of 4.7% 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.
MEA data book summary
| Market revenue in 2019 | USD 881.8 million |
| Market revenue in 2027 | USD 1,275.1 million |
| Growth rate | 4.7% (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, MEA region accounted for 14.6% 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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Middle East & Africa 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 57.46% in 2019. Horizon Databook has segmented the Middle East & Africa silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Middle East & Africa region especially gulf cooperation council (GCC) countries observed sluggish growth in 2019. The GCC countries including Saudi Arabia, UAE, Bahrain, and others witnessed depressing economic activities during last two quarters of 2019.
However, overall primary aluminum production of the GCC countries increased from nearly 5,331 kilotons in 2018 to approximately 5,654 kilotons in 2019 as per the stats published by The International Aluminium Institute. Owing to the same, silicon metal consumption in the Middle East & Africa region observed a volumetric growth of nearly 3.7% from 2018 to 2019.
The efforts by the Middle Eastern countries including Saudi Arabia, Oman, UAE, and others to diversify their energy mix by incorporating solar based electricity generation is likely to positively influence the demand of the product over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa silicon metal market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa silicon metal market
Middle East & Africa Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
Middle East & Africa silicon metal market
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