Russia Silicon Metal Market Size & Outlook, 2019-2027
Russia silicon metal market, 2016-2027 (US$M)
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Russia silicon metal market highlights
- The Russia silicon metal market generated a revenue of USD 84.2 million in 2019 and is expected to reach USD 104.7 million by 2027.
- The Russia market is expected to grow at a CAGR of 2.8% 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 84.2 million |
| Market revenue in 2027 | USD 104.7 million |
| Growth rate | 2.8% (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, Russia accounted for 1.4% 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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Russia 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 39.19% in 2019. Horizon Databook has segmented the Russia silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Russia held a volume share of 5.8% in 2019 of the Europe silicon metal market. The country’s economy is anticipated to witness deep recession on account of COVID-19 pandemic and declining crude oil prices, which declined by 53% between January and May 2020. The Russian GDP growth was -8% in Q2 and -3.4% in Q3 of 2020.
Growing emphasis towards solar cell production is anticipated to augment silicon metal demand in the country. For example, as of 2020, Russia’s first factory for producing thin-filmed solar cells is under construction in Saransk. Saransk, capital of Mordovia, is expected to become a center to produce innovative solar panels that can further be used in covering roofs and façade of buildings.
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Our clientele includes a mix of silicon metal market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into Russia silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Russia silicon metal market size, by application, 2016-2027 (US$M)
Russia Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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