Overview and Scope
Silicon metal size refers to a grey metal, metallically glossy metalloid element in its pure form. It is a semi-conductive metal that is grey and glossy and is used to make steel, solar cells, and microchips. Silicon of the metallurgical grade is also known as silicon metal due to its gleaming appearance.
Sizing and Forecast
The silicon metal size market size has grown rapidly in recent years. It will grow from $21.21 billion in 2023 to $24.8 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to demand from electronics industry, industrialization trends, energy sector utilization:, global economic conditions, government policies and regulations:.
The silicon metal size market size is expected to see rapidly grown in the next few years. It will grow to $43.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to renewable energy growth, urbanization and infrastructure development, environmental sustainability initiatives, geopolitical factors, consumer electronics evolution. Major trends in the forecast period include advancements in energy storage, automotive sector integration, technological innovations in silicon production, global industrialization and urbanization, focus on high-purity silicon.
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Segmentation & Regional Insights
The silicon metal size market covered in this report is segmented –
1) By Production: Metallurgy Grade, Chemical Grade
2) By Application: Aluminium Alloys, Semi-Conductors, Solar Panels, Stainless Steel, Other Applications
Asia-Pacific was the largest region in the silicone metal size market in 2023 and is expected to be the fastest-growing region in the silicon metal size market report during the forecast period. The regions covered in the silicon metal size market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for electronic vehicles is expected to propel the growth of the silicon metal size market going forward. An electronic vehicle is driven by an electric motor powered by a battery that can be charged externally. The silicon metal size ensures energy efficiency, resistance to corrosion, durability, and thermal expansion characteristics, which helps electric vehicles gain more battery-specific volume and energy density, thus boosting the demand. For instance, in May 2022, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, sales of electric cars (including fully electric and plug-in hybrids) doubled in 2021 to set a new record of 6.6 million, and a number of the electric cars on the world’s roads by the end of 2021 was about 16.5 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing demand for electronic vehicles is driving the growth of the silicon metal size market.
Key Industry Players
Major companies operating in the silicon metal size market report are Ferroglobe plc, DuPont de Nemours Inc., Elkem ASA, Wacker Chemie AG, Hoshine Silicon Industry, Shin-Etsu Chemical Co. Ltd., Anyang Wanhua Metal Material Co. Ltd., United Co RUSAL International PJSC, Library and Information Association of South Africa, Mississippi Silicon LLC, Henan Aloy New Material Co. Ltd., Rima Group, Zhejiang Kaihua Huantong Silicon Industry, Infineon Technologies AG, ST Microelectronics NV, Fuji Electric Co. Ltd., PCC SE, Simcoa Operations Pty. Ltd., China National BlueStar (Group) Co. Ltd., RW Silicium GmbH, Minasligas SA, Globe Specialty Metals Inc., FerroPem SASU, Silicon Metal Industries, The Quartz Corp., Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd, Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation .
The silicon metal size market report table of contents includes:
1. Executive Summary
2. Silicon metal size Market Characteristics
3. Silicon metal size Market Trends And Strategies
4. Silicon metal size Market - Macro Economic Scenario
5. Global Silicon metal size Market Size and Growth
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31. Global Silicon metal size Market Competitive Benchmarking
32. Global Silicon metal size Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Silicon metal size Market
34. Silicon metal size Market Future Outlook and Potential Analysis
35. Appendix
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Over the past few years, rising consumptions of silicon metal in paints and coatings industries has helped propel growth of the market.The automotive manufacturing industry has harnessed the attractive mechanical and physical properties of silicon metal such as structural durability and dimensional stability.
Widespread application of silicon-based aluminum alloys boosts the silicon metal market.
In recent years, the market has seen new growth avenues from the demand for heat and corrosion resistant ferrous silicon alloys.The silicon metal market stood at US$ 6.53 bn in 2018 and is projected to clock a CAGR of more than 4.98% from 2019 to 2027.Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=12845Vast Demands for Solar-grade Silicon Metals Open New AvenuesRising automotive sales in numerous Asian countries over the past few years have led to the fuel consumption of silicon metals.
Producers of silicon-based aluminum alloys have been able to meet the rising consumption of lightweight and high-strength materials for vehicles bodies, This has spurred the demands for silicon metal.
High-purity polycrystalline silicon or polysilicon, solar-grade silicon metal, has been increasingly being consumed in making solar cells.
The application segment is expected to rise at a prominent CAGR during 2019 – 2027”, notes observers.Asia Pacific Key Regional MarketAmong the various regions, Asia Pacific accounted for the major share—more than 42.0%--in the global silicon metal market.
