U.S. Silicon Metal Market Size & Outlook, 2019-2027
U.S. silicon metal market, 2016-2027 (US$M)
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U.S. silicon metal market highlights
- The U.S. silicon metal market generated a revenue of USD 954.4 million in 2019 and is expected to reach USD 1,279.8 million by 2027.
- The U.S. 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 954.4 million |
| Market revenue in 2027 | USD 1,279.8 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, U.S. accounted for 15.8% 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 North America, U.S. silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 82.0 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 37.68% in 2019. Horizon Databook has segmented the U.S. silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Aluminum smelters drive the demand for silicon metal industry in the U.S. Key end-use industries which attracted aluminum demand were transportation, packaging, building, electrical and consumer durables. These industries accounted for revenue share of 39%, 19%, 14%, 9% and 8% respectively in 2019.
The U.S. attracts large volumes of silicon metal products and anticipated to play a key role in the global industry. In terms of volume, the U.S. attracted nearly 12.9% of silicon metal demand in 2020. The key growth industries driving the market growth such as aluminum, silicon and solar & semiconductor accounted for volume share of 39.2%, 36.2% and 24.3% respectively in 2020.
The U.S. is a prominent consumer of aluminum products and is one of the hardest hit countries in the world due to the COVID-19 pandemic, which has resulted in major consequences in the manufacturing activities of the country, thereby, negatively impacting the demand for silicon metal.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into U.S. silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. silicon metal market size, by application, 2016-2027 (US$M)
U.S. Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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