Silicon metal size Market Report 2026

The silicon metal size market size has grown steadily in recent years. It will grow from $7.89 billion in 2025 to $8.24 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to rising steel production, increasing semiconductor demand, early adoption of solar technology, growth in aluminum alloys, expansion of industrial manufacturing.

The silicon metal size market size is expected to see strong growth in the next few years. It will grow to $10.26 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising demand for renewable energy, increasing electric vehicle production, growth in smart electronics, expansion of digital infrastructure, increasing aerospace applications. Major trends in the forecast period include increasing use in metallurgical applications, growing demand for high-purity silicon, expansion in solar energy sector, rising semiconductor manufacturing, development of specialty silicon alloys.

The rising demand for electric vehicles is expected to support the growth of the silicon metal size market in the coming years. An electric vehicle operates using an electric motor powered by a rechargeable battery that can be charged from external sources. Silicon metal size contributes to improved energy efficiency, corrosion resistance, durability, and thermal stability, which helps electric vehicles achieve greater battery-specific volume and higher energy density, thereby increasing demand. For example, in August 2024, data from Eurostat, the statistical office of the European Union, reported that 1.5 million new battery-only electric passenger cars were registered in the EU in 2023, bringing the total to 4.5 million. This represented a 48.5% increase compared with 2022, when the total reached 3 million. Therefore, the growing popularity of electric vehicles is accelerating the expansion of the silicon metal size market.

Companies involved in the silicone metal-size industry are increasingly focusing on technological advancements, such as selective-adhesion liquid silicone rubber (LSR) solutions for multi-material injection molding, to enhance competitiveness. Selective-adhesion LSR refers to advanced silicone formulations designed to bond directly to specific materials during molding without the need for primers, enabling efficient production with strong, long-lasting adhesion. For instance, in January 2023, Dow, a U.S.-based chemical and materials manufacturer, introduced the Silastic™ SA 994X LSR series. This technology is designed for two-component injection molding with thermoplastic substrates and enables primer-free bonding, self-adhesive performance, and self-lubricating properties. It offers durable adhesion under heat and humidity, a simple 1:1 mix ratio, fast bond development, and up to 12 months of shelf-life stability, supporting demanding automotive and industrial applications.

In February 2023, indie Semiconductor, a U.S.-based developer of automotive technology solutions, acquired Silicon Radar GmbH for an undisclosed amount. The acquisition is expected to accelerate product development, complement earlier radar technology acquisitions, strengthen leadership in automotive radar applications, broaden market reach, lower costs, reduce time to market, and capitalize on the growing global demand for radar semiconductors. Silicon Radar GmbH is a Germany-based manufacturer specializing in the design and production of silicon chips for electronic applications.

Major companies operating in the silicon metal size market report are Ferroglobe plc, Elkem ASA, Wacker Chemie AG, Hoshine Silicon Industry, Shin-Etsu Chemical Co. Ltd., Anyang Wanhua Metal Material Co. Ltd., Mississippi Silicon LLC, Henan Aloy New Material Co. Ltd., Rima Group, Zhejiang Kaihua Huantong Silicon Industry, PCC SE, Simcoa Operations Pty. Ltd., China National BlueStar (Group) Co. Ltd., RW Silicium GmbH, Minasligas SA, Globe Specialty Metals Inc., Silicon Metal Industries, Globe Metallurgical Inc., Siltech Corporation, Silicon Smelters (Pty) Ltd, Vesta Si LLC, Micron Metals Inc., Silicon Technology Corporation.

Asia-Pacific was the largest region in the silicone metal size market in 2025 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 are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silicon metal size market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silicon metal size market consists of sales of silicone computer chips, silicon solar cells, ceramics, and transistors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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