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SILICON METAL DEMAND TO GROW AS AI, EV AND SOLAR INDUSTRIES EXPAND
Industry Insights SILICON METAL DEMAND TO GROW AS AI, EV AND SOLAR INDUSTRIES EXPAND Industry Insights: The global silicon metal market continues to benefit from the growth of renewable energy, electric vehicles (EVs), and artificial intelligence (AI)-related technologies. Silicon metal remains a critical raw material for aluminium alloys, silicones, polysilicon production, and semiconductor manufacturing. Recent industry forecasts estimate that the global silicon metal market could exceed USD 13 billion by 2034, supported by increasing demand from the solar energy and advanced manufacturing sectors. As countries accelerate energy transition plans and invest in digital infrastructure, silicon metal is becoming increasingly important across multiple strategic industries. HIGHLIGHTS: Solar Energy – Silicon metal is the primary raw material used in polysilicon production, supporting
Report Reveals Global Aluminium Demand To Reach New Highs After Covid
Industry Insights Report Reveals Global Aluminium Demand To Reach New Highs After Covid A report by the International Aluminium Institute (IAI) indicates that global aluminium demand is expected to grow by nearly 40% by 2030, increasing from 86.2 Mt in 2020 to about 119.5 Mt. The strongest growth will come from the transportation, construction, packaging, and electricity sectors, which together account for about 75% of total demand. Much of the demand increase will occur in China and other Asian markets as industries expand and urbanisation continues. The report also highlights that sustainability trends, renewable energy, and electric vehicle production will play a major role in driving aluminium demand in the coming decade. Highlights: Transport – due to decarbonisation policies and
Silicon Metal Market Size, Share & Industry Analysis, By Application (Aluminum Alloys, Silicones, Polysilicon, and Others), and Regional Forecast, 2026-2034
Industry Insights Silicon Metal Market Size, Share & Industry Analysis, By Application (Aluminum Alloys, Silicones, Polysilicon, and Others), and Regional Forecast, 2026-2034 The global silicon metal market size was USD 8.51 billion in 2025. The market is projected to grow from USD 8.95 billion in 2026 to USD 13.55 billion by 2034 at a CAGR of 5.3% during the 2026-2034 period. Asia Pacific dominated the global market with a market share of 57.57% in 2025. Silicon metal is a high-purity, metallurgical-grade form of silicon (typically 98–99.99% Si) produced by the carbothermic reduction of quartz in electric arc furnaces. It is a critical intermediate material, rather than a finished product, that forms the backbone of several downstream value chains. The major