In 2024, the average price of ferrosilicon with 75 percent silicon content came to *** U.S. cents per pound, and silicon metal prices averaged 180 U.S. cents per pound. Silicon alloys and metals are important in various industries. Ferrosilicon is commonly used in ferrous foundries and steel industries, whereas silicon metal is often used for aluminum, aluminum alloys, and the chemical industry. Silicon is also often used for semiconductors in solar panels, computer chips, and as a part of the automotive industry. Silicon facts Pure silicon appears as a blue-grey metallic solid. Silicon is most commonly found paired with oxygen, forming silica. China produces a large percentage of the world’s silicon supply, contributing to about *** million metric tons in 2024. In comparison, Russia – the second largest producer worldwide – produced about ******* metric tons in the same year. U.S. silicon exports and consumption About ****** metric tons of silicon metal and ***** metric tons of ferrosilicon were exported from the United States in 2023. Meanwhile, consumption of silicon in the North American country averaged roughly ******* metric tons in recent years. Silicon is a diverse element, accounting for about 30 percent of the Earth’s crust and is one of the most abundant elements. Its versatility affords great use from the industrial sector. It is commonly used in the electronics industry, as part of cylinder heads or machine tools. It is also used in the commercial sector, for example, as an oil in cosmetics and hair conditioners.

Get the latest insights on price movement and trend analysis of Silicon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Silicon Metal Price Change in July 2025? Silicon Metal Price Index rose by 9.6% quarter on quarter compared to Q1 2025, reflecting the combination of robust demand and supply-side pressures.

Learn about the current market price of silicon metal and how it varies by location, purity level, and supply and demand. Keep up with the latest global economic and political developments that can impact this important material.

In the first half of 2023, GCL reported the lowest production cost for granular silicon in China at **** thousand yuan per tonne. Tongwei also achieved a production cost below ** thousand yuan per tonne, as silicon prices continued to decrease.

The average silicon import price stood at $3,785 per ton in May 2025, which is down by -4.7% against the previous month.

China Price: Silicon Wafer: Polysilicon data was reported at 1.650 RMB/Unit in Apr 2025. This stayed constant from the previous number of 1.650 RMB/Unit for Mar 2025. China Price: Silicon Wafer: Polysilicon data is updated monthly, averaging 2.145 RMB/Unit from May 2021 (Median) to Apr 2025, with 48 observations. The data reached an all-time high of 3.180 RMB/Unit in Oct 2022 and a record low of 1.650 RMB/Unit in Apr 2025. China Price: Silicon Wafer: Polysilicon data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBN: Photovoltaic: Price.

Why did the Colloidal Silicon Dioxide Price Change in July 2025? The Price Index for Colloidal Silicon Dioxide (Aerosil 200, FOB Yokkaichi) in Japan reached USD 6150/MT in the fourth week of June and reflected a 6.22% weekly rise. This was the result of pre-July bulk purchases amid seasonal demand peaks.

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Silicon Metal Market Size 2024-2028

The silicon metal market size is forecast to increase by USD 2.24 billion, at a CAGR of 5.2% between 2023 and 2028.

The market is characterized by significant growth opportunities driven by the increasing demand for aluminum-silicon alloys in various industries, including the automotive industry and construction industry. The rising investment trends in emerging economies, particularly in Asia Pacific, further fuel the market's expansion. However, the market faces a substantial challenge with the high production cost of silicon metal, which may hinder profitability for manufacturers. Companies seeking to capitalize on market opportunities must focus on cost-effective production methods and explore strategic partnerships to mitigate production costs.
Additionally, innovation in silicon metal production processes and applications could provide a competitive edge, enabling companies to differentiate themselves and capture a larger market share. Overall, the market presents both challenges and opportunities for players, requiring strategic planning and operational agility to succeed.

What will be the Size of the Silicon Metal Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The global silicon market continues to evolve, driven by the ever-expanding applications of this versatile element in various sectors. Solar-grade silicon production remains a significant segment, with the industry anticipating a robust growth of over 10% in the next decade. Silicon doping processes are continually refined to enhance the efficiency of semiconductor silicon production. In the realm of silicon wafer manufacturing, single crystal silicon remains the preferred choice for producing high-performance chips. Silicon surface passivation techniques are advancing to improve the efficiency of silicon-based electronics. High-purity silicon applications, such as in solar cells and semiconductors, require stringent purification methods, including silicon dioxide reduction and metallurgical-grade silicon refining.

Silicon metal alloys, like ferrosilicon and silicon manganese, are essential in the steel industry. Silicon nanoparticles are finding applications in various sectors, including as anode material in batteries and in the production of silicon epitaxial growth for semiconductor manufacturing. The silicon anode material market is projected to grow significantly due to the increasing demand for advanced batteries. Silicon-based composites, such as silicon nitride ceramics, are gaining popularity in the automotive and aerospace industries due to their high strength and heat resistance. Silicon ingot casting and silicon wafer slicing are critical processes in the production of silicon integrated circuits. Silicon crystal growth techniques, including silicon carbide synthesis and amorphous silicon films, are continually evolving to meet the demands of the industry.

Silicon etching techniques are essential in the production of complex microelectronic devices. The ongoing research and development in the field of silicon-based materials promise exciting advancements in the future. For instance, a recent study reported a 20% increase in the efficiency of solar cells using amorphous silicon films. The future of the silicon market is bright, with endless possibilities for innovation and growth.

How is this Silicon Metal Industry segmented?

The silicon metal industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Metallurgy grade
  Chemical grade


Application

  Aluminum alloys
  Semiconductors
  Solar panels
  Stainless steel
  Others


Geography

  North America

    US


  Europe

    Russia


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The metallurgy grade segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, including solar-grade silicon production, semiconductor silicon, and metallurgical-grade silicon. Metallurgical-grade silicon, a high-purity type, is integral to aluminum alloy manufacturing, primarily in the automotive and aerospace sectors. With a purity level of approximately 98-99%, this silicon metal is well-suited for metallurgical applications. The demand for metallurgical-grade silicon is propelled by the growing preference for aluminum alloys in the automotive and aerospace industries. These industries increasingly adopt aluminum alloys for their fuel efficiency and reduced emissions benefits.

For instance, the automotive industry's aluminum content is projected to

Silicon Laboratories stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

According to Cognitive Market Research, the global metallurgical silicon market size is USD 6351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

The global metallurgical silicon market will expand significantly by 5.00% CAGR between 2024 to 2031.
North America held the major market of around 40% of the global revenue with a market size of USD 2540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1905.36 million and will grow at a CAGR of 3.5% from 2024 to 2031. Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1460.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 317.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 127.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 142.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031
The 98-99% is the fastest growing segment of the Metallurgical Grade Silicon Metal industry

Key Dynamics of

Metallurgical Grade Silicon Metal Market

Key Drivers of

Metallurgical Grade Silicon Metal Market

Increasing demand from the production of aluminum alloys: Metallurgical grade silicon serves as a crucial additive in aluminum alloys, enhancing their strength, fluidity, and resistance to corrosion. As the automotive and aerospace industries transition towards lighter materials, the need for silicon-enhanced aluminum is on the rise.

Significant expansion in the global construction and automotive sectors: The construction and automotive industries extensively utilize aluminum-silicon alloys for various structural components, engine blocks, and frames. The surge in global infrastructure investments and the growth of electric vehicle production are propelling the market forward.

Crucial raw material for silicone manufacturing: A substantial portion of metallurgical grade silicon is transformed into organosilicon compounds. The increasing demand for silicones in sectors such as healthcare, electronics, and personal care is driving the upstream need for high-purity silicon metal.

Key Restraints for

Metallurgical Grade Silicon Metal Market

Energy-intensive manufacturing process with a considerable environmental impact: The production of silicon metal is energy-intensive, requiring substantial electricity and carbon-based reducing agents, which results in high operational costs and CO? emissions. This poses challenges in areas with stringent environmental regulations or energy shortages.

Price fluctuations due to disruptions in the raw material supply chain: Variations in the availability and pricing of raw materials such as quartz and coal, along with geopolitical trade restrictions, can affect pricing stability and disrupt production planning for manufacturers.

Competition from alternative materials and recycled options: In certain applications, alternatives like magnesium alloys or recycled aluminum may replace silicon-enhanced materials, potentially constraining the growth of virgin metallurgical grade silicon consumption in sectors sensitive to price.

Key Trends in

Metallurgical Grade Silicon Metal Market

Heightened emphasis on the production of green and sustainable silicon: Manufacturers are channeling investments into renewable energy-powered furnaces, technologies aimed at reducing carbon emissions, and closed-loop systems to create "green silicon," which aligns with Environmental, Social, and Governance (ESG) objectives and attracts environmentally aware consumers.

Asia-Pacific is emerging as a central hub for both production and consumption on a global scale: China is at the forefront in terms of production capacity and downstream demand, while nations such as India and Vietnam are experiencing an increase in consumption. Strategic ...

Explore the fluctuating price of silicon per ton, influenced by application type, demand in electronics and solar industries, and factors like geopolitical conditions and technological advancements. Understand how metallurgical-grade to high-purity solar-grade silicon vary in cost and what drives these changes.

Get the latest insights on price movement and trend analysis of Silicone (DMC) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the second quarter of 2024, the silicone rubber prices in the United States reached 9463 USD/MT in June. The market for USA saw a noticeable price increase due to growing energy and output costs, alongside strong the need from the vehicle and building sectors. Despite Boeing’s distribution issues, stable inventory and robust sector performance supported the overall favorable pricing trend.

The average silicon export price stood at $2,959 per ton in March 2025, rising by 8.8% against the previous month.

In Q1 2025, the North American Silicon Tetrachloride (SiCl4) market experienced a 4% price increase, driven by seasonal demand and a resurgence in key downstream sectors. The electronics and semiconductor industries, particularly in the U.S., saw heightened activity due to the growing demand for high-purity silicon in chip manufacturing and fiber optic infrastructure expansion.

Silicon Laboratories reported $84.74M in Cost of Sales for its fiscal quarter ending in July of 2025. Data for Silicon Laboratories | SLAB - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Get the latest insights on price movement and trend analysis of Silicon Carbide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Total-Other-Finance-Cost Time Series for National Silicon Industry Group Co Ltd. National Silicon Industry Group Co.,Ltd. engages in the research and development, production, and sales of semiconductor silicon wafers. The company offers 200mm and 300mm polished and epitaxial wafers, SOI silicon wafers, piezoelectric film substrate materials, etc. Its products are widely used in memory chips, image processing chips, general processor chips, power devices, sensors, RF chips, analog chips, discrete devices, and other fields. The company was incorporated in 2015 and is based in Shanghai, China.

Silicon Motion Technology reported $103.99M in Cost of Sales for its fiscal quarter ending in June of 2025. Data for Silicon Motion Technology | SIMO - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last September in 2025.