North America Silicon Metal Market Size & Outlook, 2025-2030
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North America silicon metal market highlights
- The North America silicon metal market generated a revenue of USD 1,190.5 million in 2024.
- The market is expected to grow at a CAGR of 3% from 2025 to 2030.
- In terms of segment, silicones was the largest revenue generating application in 2024.
- Solar & Semiconductor is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 1,190.5 million |
| Market revenue in 2030 | USD 1,645.9 million |
| Growth rate | 3% (CAGR from 2025 to 2030) |
| Largest segment | Silicones |
| Fastest growing segment | Solar & Semiconductor |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| 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, North America region accounted for 17.9% of the global silicon metal market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,232.3 million by 2030.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mississippi Silicon | View profile | 11-50 | Burnsville, Mississippi, United States, North America | https://www.missilicon.com/ |
| Anyang Huatuo Metallurgy Co. | View profile | 51-100 | Anyang, Henan, China, Asia | https://www.sialloy.com |
| Hoshine Silicon | View profile | 5001-10000 | Pinghu, Zhejiang, China, Asia | http://www.hoshinesilicon.com |
| Liasa | View profile | 501-1000 | Santo Agostinho, Espirito Santo, Brazil, South America | https://www.liasa.com.br |
| RUSAL | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.rusal.ru |
| RIMA Group | View profile | 11-50 | Belo Horizonte, Minas Gerais, Brazil, South America | https://www.rima.com.br/ |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| Ferroglobe PLC | View profile | 3403 | 13 Chesterfield Street, London, United Kingdom, W1J 5JN | https://www.ferroglobe.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
North 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.
Silicones was the largest segment with a revenue share of 44.51% in 2024. Horizon Databook has segmented the North America silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2018 to 2030.
The North America silicon metal market is anticipated to witness moderate growth over the coming years owing to the rising demand for aluminum from the automotive and aerospace & defense industry.
Despite the decline in 2020 owing to the COVID-19 pandemic, rising emphasis on the production of EVs in the region, coupled with resumption of aircraft manufacturing operations, is anticipated to prove beneficial for the demand for silicon metal in the upcoming years.
In the first half of 2020, the companies were obliged to halt their manufacturing operations at extremely low capacity thereby decreasing the demand for raw materials. Aviation, automotive & transportation, construction, industrial, and consumer durable industries have been affected amidst COVID-19 conditions in North America region, having a negative impact on aluminum demand.
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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 North America silicon metal market , including forecasts for subscribers. This continent databook contains high-level insights into North America silicon metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America silicon metal market size, by country, 2018-2030 (US$M)
North America Silicon Metal Market Outlook Share, 2024 & 2030 (US$M)
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