Silicon Metal Market is driven by growing demand from aluminium alloys

The silicon metal market involves the production and manufacturing of silicon used in various applications including aluminium alloys, chemical industry, semi-conductor industry, solar panels and others. Silicon metal has properties such as high strength, resistance to corrosion and is lightweight. It is used as an alloying element for aluminium to produce aluminium alloys and is used in producing silicones, silicone rubber, adhesives in the chemical industry. Silicon is also used as a semi-conductor material in solar panels and electronic devices.

 The Global Silicon Metal Market is expected to be valued at USD 7,600 Bn by 2024 and USD 10.50 Bn by 2031 , growing at a compound annual growth rate ( CAGR) of 4.7% from 2024 to 2031.

Growing demand: There is a growing Silicon Metal Market Demand from various end-use industries like aluminium alloys, chemical, semi-conductor, and solar industries which is expected to drive the silicon metal market during the forecast period.

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