Silicon Metal Market Size, Share, and Growth Analysis (2024–2031)
The silicon metal market plays a pivotal role in numerous industries, such as electronics, automotive, construction, and energy. Silicon metal is a critical material used to produce silicon alloys, semiconductor chips, photovoltaic solar cells, and more. As of 2024, the global silicon metal market is poised for significant growth, driven by rising demand for advanced technologies and sustainable energy solutions. Silicon metal is a refined form of silicon that has high purity, usually between 98% and 99%. It is mainly produced by heating high-purity quartz sand in an electric arc furnace with carbon materials such as coal and coke. Silicon metal is used in various applications including the production of aluminum alloys, solar cells, and electronics. As the world moves towards more sustainable technologies like electric vehicles (EVs) and renewable energy (solar power), the demand for silicon metal is expected to grow rapidly. Silicon is essential in both photovoltaic (PV) solar pan...