The Global Metallurgical Silicon (MG-Si) Market was valued at USD 6.8 billion in 2023 and is projected to reach USD 10.2 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2023-2028). This expansion is primarily fueled by rising solar panel installations, semiconductor industry growth, and increasing aluminum alloy production across key industries.

As the demand for high-purity silicon continues to surge, leading producers are investing heavily in advanced purification technologies and sustainable production methods. In this analysis, we examine the Top 10 Companies in the Metallurgical Silicon (MG-Si) Industry – the key manufacturers shaping global supply chains and technological innovation.

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🔟 1. Ferroglobe PLC

Headquarters: London, United Kingdom
Key Offering: Metallurgical Grade Silicon, Silicon Metal Alloys

Ferroglobe stands as the world’s largest producer of silicon metal, operating production facilities across North America, Europe, and South Africa. The company supplies critical materials to multiple industries including solar, automotive, and chemicals.

Production Capabilities:

• Annual production capacity exceeding 560,000 metric tons
• Vertically integrated from quartz mining to final product
• Specialized in 99.0% to 99.9% purity grades

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9️⃣ 2. Elkem ASA

Headquarters: Oslo, Norway
Key Offering: High-Purity MG-Si, Specialty Silicon Products

Elkem operates as a division of China National Bluestar, specializing in advanced silicon solutions. The company maintains significant market share in Europe and Asia with its sustainable production processes.

Innovation Focus:

• Pioneering carbon-neutral silicon production
• Proprietary refining technology for solar-grade silicon
• Silicon-based battery materials development

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8️⃣ 3. Wacker Chemie AG

Headquarters: Munich, Germany
Key Offering: Ultra-Pure MG-Si, Polysilicon

Wacker ranks among the top three polysilicon producers globally, serving the solar and semiconductor industries with high-quality materials from its German and U.S. facilities.

Key Statistics:

• Annual silicon production capacity: 80,000 metric tons
• 40% of output dedicated to solar applications
• Proprietary fluidized bed reactor technology

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7️⃣ 4. REC Silicon ASA

Headquarters: Lysaker, Norway
Key Offering: Solar-Grade MG-Si, Semiconductor Materials

REC Silicon specializes in high-purity silicon production using its patented Fluidized Bed Reactor (FBR) technology, achieving significant cost and energy efficiencies.

Key Advantages:

• Lowest carbon footprint in the industry
• FBR process reduces energy consumption by 80-90%
• Strategic partnerships with leading solar manufacturers

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6️⃣ 5. Daqo New Energy Corp.

Headquarters: Shanghai, China
Key Offering: High-Purity Polysilicon, MG-Si

As China’s leading polysilicon manufacturer, Daqo plays a crucial role in supplying Asia’s booming solar industry with cost-competitive, high-quality materials.

Market Position:

• Annual production capacity: 120,000 metric tons
• Domestic market share exceeding 30%
• Recognized for industry-leading production costs

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5️⃣ 6. GCL-Poly Energy Holdings

Headquarters: Hong Kong
Key Offering: Polysilicon, MG-Si for Solar Applications

GCL-Poly maintains its position as one of the world’s largest polysilicon producers, with extensive operations across China serving global solar markets.

Production Highlights:

• Total annual capacity of 120,000 metric tons
• Continuous process improvement reducing energy use
• Strong relationships with major Chinese panel makers

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4️⃣ 7. Tongwei Co., Ltd.

Headquarters: Chengdu, China
Key Offering: Solar-Grade Polysilicon, MG-Si

Tongwei has rapidly expanded its silicon production capabilities to become a key supplier to China’s solar industry while maintaining competitive cost structures.

Recent Developments:

• Massive capacity expansion underway (200,000 MT by 2024)
• Strategic acquisitions in upstream supply chain
• Focus on ultra-high purity materials

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3️⃣ 8. Hoshine Silicon Industry Co., Ltd.

Headquarters: Xinjiang, China
Key Offering: Industrial Silicon, Polysilicon

Hoshine operates one of the world’s largest silicon metal production bases, benefiting from integrated operations and regional energy advantages.

Production Metrics:

• Annual production capacity: 800,000 metric tons
• Extensive captive power generation
• Expanding into high-purity applications

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2️⃣ 9. Xinjiang East Hope New Energy Co., Ltd.

Headquarters: Xinjiang, China
Key Offering: Metallurgical Silicon, Chemical Products

Part of the East Hope Group, this producer leverages China’s western energy resources to manufacture cost-competitive silicon metal for global markets.

Key Attributes:

• Integrated production from raw materials to final product
• Strategic location with energy cost advantages
• Growing focus on product quality improvements

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1️⃣ 10. Rima Industrial S/A

Headquarters: Minas Gerais, Brazil
Key Offering: Silicon Metal, Ferrosilicon

As the largest silicon producer in the Americas, Rima serves multiple industries with high-quality materials while maintaining sustainability commitments.

Market Differentiators:

• Renewable energy-powered production
• Strategic access to North and South American markets
• Specialized alloy development capabilities

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Metallurgical Silicon (MG-Si) Market – View in Detailed Research Report

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🔮 Future Outlook: Silicon’s Critical Role in the Clean Energy Transition

The MG-Si market stands at an inflection point as technological advancements and sustainability requirements reshape production methods and applications. With solar energy deployment accelerating globally and semiconductor demand continuing its upward trajectory, leading producers are investing billions in capacity expansions and cleaner technologies.

📈 Key Market Trends:

• Solar sector driving over 50% of demand growth through 2028
• Increasing purity requirements for advanced semiconductor applications
• Shift toward renewable-powered production facilities
• Technological innovation reducing energy consumption in silicon purification

Get Full Report Here:
Metallurgical Silicon (MG-Si) Market – View in Detailed Research Report

The companies profiled represent the vanguard of an industry enabling the global transition to renewable energy and advanced electronics. Their continued innovation and expansion will be crucial to meeting the world’s growing need for high-quality silicon materials.