According to Fact.MR, a market research and competitive intelligence provider, the global metallurgical grade silicon market is valued at US$ 6.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2032.

Metallurgical grade silicon plays a crucial role in the production of solar cells, contributing to the expansion of solar energy installations. Its application in the metal industry is also expected to drive market growth. The market's expansion is further supported by technological advancements and the increasing use of metallurgical grade silicon in the production of silicones and silanes for various end-use industries.

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Metallurgical grade silicon, commonly referred to as MG Si, is derived from silicon found in the Earth's crust in the form of silica. It is a purified form of silicon with a purity level of around 98% or higher. MG Si is widely used across various end-use industries, including semiconductors and solar energy, where it serves as a critical raw material.

In addition to its role in these sectors, MG Si is also utilized in the production of silanes and silicones, as well as in the chemical and personal care industries.

Why is the Use of Metallurgical Grade Silicon Increasing Steadily?

“Rising Application of Metallurgical Grade Silicon across End-use Sectors”

The use of e-metallurgical grade silicon in the manufacturing and chemical industries is on the rise, particularly in sectors such as semiconductors and solar energy. This refined form of metallurgical grade silicon is essential for producing solar cells, where it serves as a key raw material, as well as for assembling various microelectronic devices.

Additionally, electronic grade silicon is derived from a purer form of metallurgical silicon, which is then used to produce solar-grade polysilicon. The broad range of applications for metallurgical grade silicon across these industries is expected to drive market growth in the coming years.

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Key Segments Covered in the Metallurgical Grade Silicon Industry Survey

• 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

Competitive Landscape

Key players in the metallurgical grade silicon market include 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.

These manufacturers are focused on expanding their production capacities to meet the growing demand from various end-use industries. Additionally, they are actively seeking ways to reduce manufacturing costs to strengthen their competitive position in the market in the coming years.

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Key Takeaways from Metallurgical Grade Silicon Market Study

• The global metallurgical grade silicon market is projected to expand at a CAGR of 4.1% and be valued at US$ 10.1 billion by 2032.
• The market registered 2.7% CAGR from 2017 to 2021.
• The >99% segment, under purity level, holds a dominant market share of 65.7% and is poised to rise at 2.8% CAGR over the decade.
• The 1101 grade segment is a major shareholder in the market share at 34.3% and is likely to register a higher growth rate of 3.3% as compared to the other segments.
• 2202 and 3303 are set to register a growth at 2.8% and 2.2% CAGRs, respectively, throughout the assessment period of 2022-2032.
• Under the form segment, powder metallurgical grade silicon leads the market with 55.6% share.
• The East Asia region is the market leader with 42.3% market share in 2021.
• Considering the regions, demand for metallurgical grade silicon is projected to rise at CAGRs of 4.8% and 4.3%, respectively, in South Asia & Oceania and Europe.

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