Middle East & Africa Silicon Metal Market Size & Outlook
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MEA silicon metal market highlights
- The MEA silicon metal market generated a revenue of USD 976.8 million in 2024.
- The market is expected to grow at a CAGR of 4.1% from 2025 to 2030.
- In terms of segment, aluminum was the largest revenue generating application in 2024.
- Solar & Semiconductor is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 976.8 million |
| Market revenue in 2030 | USD 1,442.5 million |
| Growth rate | 4.1% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Solar & Semiconductor |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Silicones, Solar & Semiconductor |
| Key market players worldwide | Ferroglobe PLC, Dow Inc, Elkem ASA Ordinary Shares, Wacker Chemie AG, RIMA Group, RUSAL, Liasa |
Other key industry trends
- In terms of revenue, MEA region accounted for 14.7% of the global silicon metal market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,232.3 million by 2030.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mississippi Silicon | View profile | 11-50 | Burnsville, Mississippi, United States, North America | https://www.missilicon.com/ |
| Anyang Huatuo Metallurgy Co. | View profile | 51-100 | Anyang, Henan, China, Asia | https://www.sialloy.com |
| Hoshine Silicon | View profile | 5001-10000 | Pinghu, Zhejiang, China, Asia | http://www.hoshinesilicon.com |
| Liasa | View profile | 501-1000 | Santo Agostinho, Espirito Santo, Brazil, South America | https://www.liasa.com.br |
| RUSAL | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.rusal.ru |
| RIMA Group | View profile | 11-50 | Belo Horizonte, Minas Gerais, Brazil, South America | https://www.rima.com.br/ |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| Ferroglobe PLC | View profile | 3403 | 13 Chesterfield Street, London, United Kingdom, W1J 5JN | https://www.ferroglobe.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Middle East & Africa silicon metal market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicon metal market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 68.43% in 2024. Horizon Databook has segmented the Middle East & Africa silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa region especially gulf cooperation council (GCC) countries observed sluggish growth in 2019. The GCC countries including Saudi Arabia, UAE, Bahrain, and others witnessed depressing economic activities during last two quarters of 2019.
However, overall primary aluminum production of the GCC countries increased from nearly 5,331 kilotons in 2018 to approximately 5,654 kilotons in 2019 as per the stats published by The International Aluminium Institute. Owing to the same, silicon metal consumption in the Middle East & Africa region observed a volumetric growth of nearly 3.7% from 2018 to 2019.
The efforts by the Middle Eastern countries including Saudi Arabia, Oman, UAE, and others to diversify their energy mix by incorporating solar based electricity generation is likely to positively influence the demand of the product over the forecast period.
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Target buyers of Middle East & Africa silicon metal market databook
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Our clientele includes a mix of silicon metal market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa silicon metal market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicon metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Silicon Metal Market Outlook Share, 2024 & 2030 (US$M)
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