Norway Silicon Metal Market Size & Outlook, 2019-2027
Norway silicon metal market, 2016-2027 (US$M)
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Norway silicon metal market highlights
- The Norway silicon metal market generated a revenue of USD 75.9 million in 2019 and is expected to reach USD 101.9 million by 2027.
- The Norway market is expected to grow at a CAGR of 3.7% 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.
Silicon metal market data book summary
| Market revenue in 2019 | USD 75.9 million |
| Market revenue in 2027 | USD 101.9 million |
| Growth rate | 3.7% (CAGR from 2019 to 2027) |
| Largest segment | Silicones |
| 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, Norway accounted for 1.3% 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 Europe, Germany silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 101.9 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 38.74% in 2019. Horizon Databook has segmented the Norway silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Germany held largest revenue share of 42.0% in 2019 of the Europe silicon metal market. The country is known for its vehicles and electronics sectors and is recognized for its technological advanced automotive. Growth in these end-use industries is anticipated to augment production of aluminum alloys and semiconductor chips, and eventually benefit silicon metal demand.
The consumers in the country are in continuous search of innovative and technologically advanced appliances to replace the old ones, which is likely to influence the manufacturing of household appliances on a positive note. Thus, driving the demand for semiconductors in electronics applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into Norway silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Norway silicon metal market size, by application, 2016-2027 (US$M)
Norway Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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