Metallurgical Grade Silicon Market Segments, Opportunity, Growth and Forecast by End-use Industry 2024-2030

Metallurgical Grade Silicon  Market Study Provides Latest Intelligence on Growth in 2024 and Beyond

Global Metallurgical Grade Silicon supply-demand continues to be impacted by broader developments in the chemicals sector. The new Metallurgical Grade Silicon market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2020-2030).

The study tracks Metallurgical Grade Silicon demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Metallurgical Grade Silicon in particular.

How will Metallurgical Grade Silicon  Sales Grow in 2024 and Beyond

The Metallurgical Grade Silicon industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.

Overall, demand for Metallurgical Grade Silicon will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.

Traditionally, demand from the automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.

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Housing is another key demand generator for the chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.

The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.

Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.

The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.

Segmentation Analysis of Metallurgical Grade Silicon Market

The global metallurgical grade silicon market is bifurcated into three major segments: Grade type, application type and region.

On the basis of grade type, metallurgical grade silicon market has been segmented as follows:

  • 98 – 99%
  • Above 99%

On the basis of application type, Metallurgical grade silicon market has been segmented as follows:

  • Aluminum casting
  • Chemical Industry
  • Solar Cells
  • Others

On the basis of geographic regions, Metallurgical grade silicon market is segmented as

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa

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 Competitive Landscape

The Fact.MR study profiles the business, product and other key strategies of the leading Metallurgical Grade Silicon companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Metallurgical Grade Silicon  market include (Accrue Group Holdings, Amalgamate Canada LP, Elkem ASA, Ferroglobe, HPQ Silicon, PyroGenesis Canada Inc., Silicor Materials, Weden Metal Co)

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The Metallurgical Grade Silicon Market Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
  • The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

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