Silicon Metal Market Estimated to reach US$ 10.19 Bn by 2027
The silicon metal market has seen vast demand in the steelmaking and iron industry due to vast consumption of ferrosilicon. Substantial uptake of ferrosilicon in steel smelting is the one of them most prominent revenue generators in the silicon metal market. Advent of new methods of metallurgical grade silicon has helped in the production of higher quality products for end users in the silicon metal market. Revenues come from a range of applications, notably in making silicon chips, solar cells, and aluminum alloys. Over the past few years, rising consumptions of silicon metal in paints and coatings industries has helped propel growth of the market.