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).

In the second quarter of 2024, metal silicon prices in the United States reached 2474 USD/MT in June. Stable industrial demand, particularly from the solar and automotive sectors, together with balanced supply, influenced this pricing. Year-on-year growth was remarkable, due to economic developments and advancements in technology, indicating a strong market environment.

Why did the Silicon Metal Price Change in May 2025? The Silicon Metal Price Index in the US market settled in Q1 2025 at USD 2,751/MT CFR Illinois Port, showcasing continuous upward pressure throughout the quarter.

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.

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

In the fourth quarter of 2023, the price of silicon in the USA reached 2207 USD/MT by December. Similarly, in China, the silicon prices hit 2044 USD/MT in the same month. Germany also saw silicon prices reaching 2169 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Silicon Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of silicon pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

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.

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.

In Q1 2025, Colloidal Silicon Dioxide prices in North America followed a steady upward trend, supported by stable demand and improving market sentiment. Early in the quarter, prices saw moderate increases as key industries like pharmaceuticals and food processing maintained consistent demand. This steady demand, along with balanced supply levels, allowed suppliers to adjust pricing strategies cautiously. As the quarter progressed, rising global demand further fueled price increases, while logistical disruptions and supply chain challenges added pressure.

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.

Silicon Motion Technology price/book ratio from 2010 to 2025. Price/book ratio can be defined as

North America's silica market in Q1 2025 is characterized by balanced supply and demand dynamics amid seasonal and economic headwinds. Construction sector slowdowns, particularly in residential real estate, have tempered demand, while manufacturing activity shows resilience with steady output and new orders. Regional disparities persist, with some urban centers experiencing robust construction activity and others facing housing market constraints.

Discover the various factors that influence the price of silicon metal, a versatile industrial material with unique properties, including global economic conditions and production costs.

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).

The global market value of silicon is expected to reach some 28 billion U.S. dollars in 2030. That would be an increase of 12 billion U.S. dollars in comparison to the worldwide market size of silicone a decade prior.

Silicon Motion Technology 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 ...

In 2023, overseas shipments of silicon decreased by -16.8% to 71K tons, falling for the second year in a row after two years of growth.