Lucintel's latest market report analyzed that silicon provides attractive opportunities in the stainless steel, aluminum alloys, silicone, and semiconductor manufacturing industries. The silicon market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, aluminum alloy is the largest segment by application.

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Based on application, the silicon market is segmented into steel, aluminum alloys, silicone, semiconductors, and others. The aluminum alloy segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it is widely adopted in the automotive industry to develop light-weight components as it ensures improved corrosion resistance and lower wear rate.

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The Silicon Market is marked by the presence of several big and small players. Some of the prominent players offering silicon include Ferroglobe, Dow, Mississippi Silicon, Siltronix Silicon Technologies, Silicon Metal Industries, Rima Industrial, Wacker Chemie, Shin-Etsu Chemical, and Elkem.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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