The global high-purity silicon market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The growth of the market is primarily attributed to the growing application of high-purity silicon in various end-use industries. Silicon is a p-type semiconductor material that is required in high-purity form for photovoltaic cells, deposition of coatings and thin films via molecular beam epitaxy (MBE), microelectronics, energy storage, and others; it also serves as a dopant or starting material for the synthesis of ultra-pure silicon carbide wafers, mesoporous silica, and other semiconductors. High-purity silicon is used for powder metallurgy and the production of alloys such as aluminum-silicon alloy (AlSi). It is also suitable as a reference standard for X-ray diffraction testing, impurity analysis, and equipment calibration.
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Among the end-user segment, the electronics and semiconductor industry sub-segment is anticipated to register significant growth for the forecast period. The growth of the electronics and semiconductor industry sub-segment is attributed to the factors such as the demand for high-purity silicon in electronic devices, such as smartphones, tablets, laptops, and televisions, which require high-performance semiconductors. Additionally, the increasing adoption of solar power is also driving the demand for high-purity silicon as it is a key material used in the manufacturing of solar cells. Also, the growing initiative taken by the government and other organizations to promote the semiconductor industry is anticipated to propel the growth of the market. For instance, in January 2023, the US Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA) an initiative to strengthen public-private collaboration in the chip ecosystem. This initiative helps in identifying opportunities, and challenges and facilitates longer-term development and supply chain of semiconductor ecosystems.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global High Purity Silicon Market by End-User Industry
- Electronics and Semiconductor Industry
- Pharmaceutical Industry
- Chemical Industry
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ferrotec (USA) Corp.
- American Elements
- Bridgestone Corp.
- Ferroglobe PLC
- Elkem AS
- Simcoa Operations Pty Ltd.
- DuPont de Nemours, Inc.
- Wacker Chemie AG
- DaTong Jinneng New Material Co., Ltd.
- RW Silicium GmbH
- RUSAL
- S.Energy Co.,Ltd
- Hoshine Silicon Industry Co., Ltd.
- Henan Star Metallurgy Material Co.,Ltd.
- BlueStar Silicon Material Co., Ltd.
- Wynca Group
The Report Covers
- Market value data analysis of 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global high purity silicon market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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