The US silicon metal consumption displayed a consistent decline from 2024 to 2028, decreasing from 156.48 to 143.7 thousand metric tons, a fall witnessed across these forecast years. In 2023, silicon metal consumption stood notably high compared to the years forecasted thereafter, showing a persistent downward trajectory. The year-on-year analysis highlights declines: 2.1% from 2024 to 2025, 2.1% from 2025 to 2026, and this pattern persists similarly to 2028, collectively representing a compound annual growth rate (CAGR) of approximately -2% over five years.
Future trends to watch for:
- Impact of technological advancements on silicon demand.
- Policy shifts influencing domestic production and import-export dynamics.
- Emergence of alternative materials and their adoption in industries.
- Global economic conditions affecting broader industrial demand.
