In 2023, the US silicon metal consumption for miscellaneous and unspecified uses stood at approximately 178.9 thousand metric tons. Forecast data from 2024 to 2028 shows a steady yearly increase, with values projected to reach 187.66 thousand metric tons by 2028. The year-on-year growth rates are incremental, around 1% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 0.96%.
Future trends to watch for include:
- Technological advancements driving increased demand in new applications such as renewable energy and electronics.
- Potential impacts of regulatory changes on production and consumption.
- Shifts in global trade policies that might affect supply chains and market dynamics.