Global Metallurgical Grade Silicon Market Is Expected To Reach US$ 10.1 Billion By The End Of 2032

Chemical & Materials

The global metallurgical grade silicon market is valued at US$ 6.7 billion in 2022 and is expected to progress at a CAGR of 4.1% to reach US$ 10.1 billion by the end of 2032.

Consumption of metallurgical grade silicon accounted for over 40% share of the global silicon metal market at the end of 2021.

Metallurgical grade silicon is formed from silicon that is found in the form of silica in the Earth’s crust. It is also known as MG Si and is a purified form of silicon, having a purity of around 98% or more. It finds wide application in end-use industries such as semiconductors, solar, etc., and is also used as a raw material.

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Competitive Landscape

Prominent metallurgical grade silicon manufacturers are Baidao Silicon Industry Co., Ltd., Elkem ASA, HPQ Silicon Resources Inc., Ferroglobe, Silicor Materials, Mississippi Silicon, Canadian Metals, American Elements, Jiuzhou Silicon Industry Co., Ltd., Ardevur, Amalgamet Canada LP, PyroGenesis Canada Inc., Accrue Group Holdings, and Weden Metal Co., Limited.

Manufacturers of metallurgical grade silicon are looking to expand their manufacturing facilities on the back of rising demand from end-use sectors. Along with this, they are looking for ways to reduce manufacturing costs to improve their market stance over the coming years.

  • Ferroglobe 2021 announced plans to restart its silicon metal facility in the United States. The plan is to restart its subsidiary Globe Metallurgical Inc. and also acquire and upgrade equipment to start the production of silicon metal.
  • HPQ Silicon Resources Inc. announced in 2021 an agreement with PyroGenesis Canada Inc., a plant development program of fumed silica materials having a low-cost manufacturing process. This new process is a leap forward in the green manufacturing of fumed silica.

Fact.MR has provided detailed information about the price points of key metallurgical grade silicon producers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Metallurgical Grade Silicon Industry Research

  • By Purity Level :

    • 98-99%
    • >99%
  • By Grade :

    • 441
    • 553
    • 1101
    • 2202
    • 3303
    • Others
  • By Form :

    • Powder
    • Granules
    • Blocks/Sheets
  • By Application :

    • Aluminium Casting
    • Steel Production
    • Foundry Applications
    • Others (Semicon and Solar Applications)
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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