Market Overview:
Silicon metal is commercially produced as an alloy containing 5 to 99% of silicon. It is manufactured through carbothermic or electrolytic processes and has wide applications across various industries including aluminum alloys, silicone rubber and compounds, solar photovoltaic cells, among others. Silicon metal offers benefits such as low density, high strength, thermal conductivity and resistance to corrosion which makes it a preferred raw material in several applications.

Market key trends:
One of the major trends driving the growth of silicon metal market is rising usage of silicon metal in aluminum alloys production. Aluminum alloys containing silicon are widely used in automotive and aerospace industries due to excellent properties such as corrosion resistance, machinability, strength and formability. As per estimates, over 85% of the silicon metal produced worldwide is consumed in aluminum alloys. Several automotive manufacturers are focusing on using lightweight aluminum to improve fuel efficiency which is increasing the demand for silicon from aluminum industry.

Key Takeaways
The global Silicon Metal Market Size is expected to witness high growth at a CAGR of 4.4% over the forecast period, due to increasing demand from the aluminium industry and growing solar photovoltaics sector. The aluminium industry is the largest end-user, consuming over 70% of total silicon metal produced globally. The Asia Pacific region dominates the global silicon metal market, with China being the largest producer as well as consumer.

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