The Global Consumption of Silicon and Ferrosilicon is Projected to Reach 15.2 Million Metric Tons by 2024
Sustained Demand from Major End-Use Industries Continues to Drive Consumption of Silicon and Ferrosilicon, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Silicon and Ferrosilicon market. The global consumption of Silicon and Ferrosilicon is projected to reach 15.2 million metric tons by 2024 , driven by the increasing use of silicon in the production of aluminum alloys, and growing demand for ferrosilicon from leading end-use applications such as ferrous foundries, steel and magnesium. Silicon and ferrosilicon are similar in physical terms and are also produced using a similar process. However the two materials vary significantly in terms of their applications. While silicon finds widespread use in manufacturing aluminum alloys, semiconductors, polysilicon and silicones, ferrosilicon is predominantly utilized in the production p...