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Silicides Market
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Silicides Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1301107, Published - April 2025

Segmented in Type (Metal, intermetallic, non-metal), Applications (Microelectronics, Solar cells, High-Performance Alloy, Thin film coatings, Others), Manufacturing Process, End-Use Industries and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Silicides Market Outlook

The market, for Silicides was estimated at $789.7 million in 2024; and it is anticipated to increase to $1.1 billion by 2030 with projections indicating a growth to around $1.5 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.1% over the forecast period. This strong trend highlights the burgeoning relevance of Silicides in a wide array of industries, driven primarily by its impressive chemical properties and extensive applications. The lucrative growth figures are indicative of rapidly increasing demand, brought on by various influential factors. Notable among these are technological advancements, increasing research and development activities, and an accelerating transition towards energy-efficient and highly durable materials in several significant sectors including electronics and renewable energy.


Silicides, known for their exceptional heat resistance and superior electrical conductivity, play an integral role across a spectrum of industries. Leveraged extensively in semiconductor devices and solar cells, these compounds have proven critical in fulfilling the growing needs of technologically driven world. In addition, the ever-increasing emphasis on sustainable energy solutions has also brought Silicides to the forefront.


Market Size Forecast & Key Insights

2019
$789M2024
2029
$1.4B2034

Absolute Growth Opportunity = $638M

The Silicides market is projected to grow from $789.7 million in 2024 to $1.43 billion in 2034. This represents a CAGR of 6.1%, reflecting rising demand across Microelectronics Manufacturing, Solar Energy Sector and High-Performance Alloy Production.

The Silicides market is set to add $638 million between 2024 and 2034, with manufacturer targeting Solar cells & High-Performance Alloy Applications projected to gain a larger market share.

With Rising demand in microelectronics, and Increasing use in solar cells, Silicides market to expand 81% between 2024 and 2034.

Opportunities in the Silicides Market

Future Collaborations

Strategic partnerships and collaborations are driving the demand for advanced materials such as silicides in the automotive industry. The need for improved fuel efficiency, prolonged battery life, and greater heat resistance in vehicles is steering the use of silicides in engine parts, leading to improved car performances.

Expanding Markets and Technological Innovations

The continued transformation of the energy landscape is rapidly favoring the utilization of silicon-based materials like silicides. This evolution presents a lucrative market.Highly efficient silicides are being employed within the renewable energy sector to improve the performance of photovoltaic cells, signifying a promising trend for this material. Given the aggressive global push towards clean energy, its anticipated that the demand for silicides will grow exponentially.

The technological advances in semiconductors have created significant opportunities for the application of silicides. Their high thermal conductivity, resistance to oxidation, and excellent electrical properties are being exploited to enhance the performance of integrated circuits, transistors, and microchips, bridging the gap in the electronics industry. The growing investment in research and development in the tech-sector hint towards an accelerated demand for silicides.

Growth Opportunities in North America and Europe

Europe Outlook

The European region is another vital hub for Silicides industry. The strong presence of the automotive sector, which extensively uses Silicides in chip components for vehicle automation, is propelling growth in this region. The development of electric vehicles and smart devices is anticipated to create numerous opportunities for Silicides manufacturers. Also, the regions commitment to renewable energy and reducing carbon footprint has led to higher demand for Silicides in solar photovoltaic cells. Here, the key market drivers include the strategic initiatives taken by the European Union towards digitalization, advancement in automotive electronics, and the regions extensive focus on high-performance materials for various applications.

North America Outlook

Known for its cutting-edge technology and robust semiconductor industry, North America is one of the significant markets for Silicides. The progress in this region is primarily driven by the intensive use of Silicides in integrated circuits, solar cells, and thermoelectric devices. Top players in the industry can anticipate lucrative opportunities due to the ongoing advancements in microelectronics and growing demand for compact, energy-efficient devices. There is fierce competition among manufacturers to develop high-quality Silicides with superior performance characteristics, leading to increased research and development investments. Major growth drivers in this region include the presence of tech giants, strong government support for R&D activities, and the relentless pursuit of miniaturization and efficiency in semiconductor devices.

North America Outlook

Known for its cutting-edge technology and robust semiconductor industry, North America is one of the significant markets for Silicides. The progress in this region is primarily driven by the intensive use of Silicides in integrated circuits, solar cells, and thermoelectric devices. Top players in the industry can anticipate lucrative opportunities due to the ongoing advancements in microelectronics and growing demand for compact, energy-efficient devices. There is fierce competition among manufacturers to develop high-quality Silicides with superior performance characteristics, leading to increased research and development investments. Major growth drivers in this region include the presence of tech giants, strong government support for R&D activities, and the relentless pursuit of miniaturization and efficiency in semiconductor devices.

Europe Outlook

The European region is another vital hub for Silicides industry. The strong presence of the automotive sector, which extensively uses Silicides in chip components for vehicle automation, is propelling growth in this region. The development of electric vehicles and smart devices is anticipated to create numerous opportunities for Silicides manufacturers. Also, the regions commitment to renewable energy and reducing carbon footprint has led to higher demand for Silicides in solar photovoltaic cells. Here, the key market drivers include the strategic initiatives taken by the European Union towards digitalization, advancement in automotive electronics, and the regions extensive focus on high-performance materials for various applications.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., China, Germany, Japan, South Korea are expected to grow at 4.0% to 5.9% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 7.0% to 8.4% CAGR

Market Analysis Chart

The Silicides market is being actively propelled by a multitude of drivers. For starters, the surge in the electronics industry, where Silicides are primarily used as a component in semiconductors, is significantly fuelling this markets expansion. The advantage that Silicides offer in terms of enhancing conductivity in microelectronic devices induces an increased demand in this sector.

Recent Developments and Technological Advancement

December 2024

MaterialTech Inc. launched a new advanced Silicides application for the semiconductor industry aimed at improving device performance and efficiency

November 2024

NanoSmart Solutions reported a groundbreaking manufacturing technique for Silicides, resulting in higher yield rates and reduced costs

October 2024

SiliconX Industries announced a strategic partnership with CompoundCo for the co-development of next-gen Silicides materials targeting the photovoltaic sector.

With technological advancements unabated in the modern era, the Silicides industry continues to witness notable progress. Recent strides in both research and development sectors have fostered a conducive environment for the growth and expansion of Silicides applications. Among the significant developments is the burgeoning demand for Silicides in the microelectronics industry.

Impact of Industry Transitions on the Silicides Market

As a core segment of the C&M industry, the Silicides market develops in line with broader industry shifts. Over recent years, transitions such as Emergence of Nanotech and Growing Renewable Energy Focus have redefined priorities across the C&M sector, influencing how the Silicides market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Emergence of Nanotech:

Advancements in nanotechnology have had a profound influence on the Silicides industry. The inherent characteristics of Silicides, like superior conductivity and high thermal stability, have made them invaluable in the production of nanoscale devices. Growing adoption of commercial nanotechnology in various sectors such as electronics, energy, and health care drives the demand for Silicides, hence shaping up a new transition within the industry. The impact extends into associated industries like semiconductor manufacturing, where Silicides are increasingly used for enhancing chip performance and durability.

2

Growing Renewable Energy Focus:

As renewable energy becomes more important in global sustainability efforts, Silicides has found significant applications in photovoltaic cells used for solar energy conversion. The efficiency of Silicides in these cells is appreciated for high power output and longevity, thus ushering a new transition where Silicides play a vital role in green energy production. This transition also impacts the solar power industry, given the crucial position of photovoltaic cells in energy generation.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the C&M industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the C&M industry cascade into the Silicides market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rising demand in microelectronics, and Advances in semiconductor technology

The surge in demand for advanced microelectronics in various applications such as smartphones, computers, and other consumer electronics is also significantly bolstering the market for Silicides. These compounds vastly improve the performance of microelectronic devices due to their excellent heat resistance, stability, and electrical conductivity. The progressive miniaturization of electronic components is also further driving the use of Silicides in the industry.
Semiconductor technology has also witnessed exponential advancements over the years, and Silicides are also gaining prominence for their essential role. Their ability to form a good ohmic contact, which is also crucial for efficient semiconductor performance, is also broadening their applications in this sector. As semiconductor devices continue to evolve, the need for Silicides is also set to rise poisedly.
The use of Silicides in solar cells is also another major of its growing demand. These compounds enhance the photovoltaic efficiency of solar cells by improving charge transfer capability and light absorption. In the wake of growing renewable energy initiatives worldwide, Silicides role is also underscored in improving solar technology.

Restraint: Limited Awareness and Understanding of Silicides

Despite their extensive applications in semiconductor devices, silicides suffer from a lack of widespread recognition and understanding. This ignorance could be due to the complex nature of silicide production and application, which limits their reach to only a niche audience with advanced technical knowledge. This limited awareness acts as a significant for the silicides market, as it hampers the demand curve and stalls potential growth.

Challenge: High Cost and Technical Complexity

Silicide-based materials, especially advanced silicides like transition metal silicides, are costly due to the intricate manufacturing processes and specialized equipment required in their production. Furthermore, the technical complexity involved in implementing silicides in various applications, such as microelectronics and photovoltaics, poses another serious challenge. These cost-related and technical issues may impede the mass adoption of silicides, thus creating a barrier to market expansion.

Supply Chain Landscape

Raw Material Extraction

Doe Castings

Star Mining Corp

Production

Advanced Materials Manufacturing

Rex Silicon Solutions

Processing
Phoenix Semiconductors / Sky Techworks
End User Industry
Electronics / Batteries / Aerospace
Raw Material Extraction

Doe Castings

Star Mining Corp

Production

Advanced Materials Manufacturing

Rex Silicon Solutions

Processing

Phoenix Semiconductors

Sky Techworks

End User Industry

Electronics

Batteries

Aerospace

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Semiconductor Devices
Electronics
Intel Corporation
Intel's stratagem hinges on the unique properties of silicides, accelerating the development of smaller, faster chips
Solar Cells
Renewable Energy
First Solar Inc.
First Solar Inc. banks on high-efficiency silicide-based solar cells, promoting a cost-effective, green energy solution
Thermoelectric Materials
Energy Sector
Alphabet Energy
Alphabet Energy capitalizes on the high-temperature stability of silicides to produce superior thermoelectric generators

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Silicides market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Silicides in Solar Energy Sector, High-Performance Alloy Production and Microelectronics Manufacturing

Solar Energy Sector

Copper silicide is proven to be valuable in solar energy applications owing to its remarkable photovoltaic properties. Its a vital material in the construction of cost-effective, high-efficiency solar cells. Companies such as SolarCity and SunPower are leveraging these unique traits, significantly enhancing their efficiency levels, and capturing a large slice of the market share.

High-Performance Alloy Production

Tantalum silicides are prominently used in the production of superalloys. Exhibiting high-temperature resistance and significant strength properties, they serve as perfect ingredients in the alloys used in aircraft engines and gas turbines. Major aerospace manufacturers such as Boeing and Airbus regularly utilize these silicides, enabling them to ensure superior durability and performance in their products.

Microelectronics Manufacturing

Silicon-rich silicides, particularly nickel silicide and cobalt silicide, play a crucial role in the microelectronics industry. With their excellent thermal stability, electrical conductivity, and compatibility with silicon substrates, they are integral to the manufacturing of semiconductor devices. Esteemed global manufacturers like Intel and Sony readily utilize these compounds to optimize their devices performance, which defines their aggressive forward position in the industry.

Silicides vs. Substitutes:
Performance and Positioning Analysis

Silicides, distinct for their high thermal stability and low resistivity, offer an edge over alternatives like oxides or nitrides in semiconductor applications. Their unique positioning in the market is marked by a potential growth driven by the sustained demand in electronics manufacturing. These Alternatives specially Borides has experienced a rapid growth as detailed in our latest report.

Silicides
  • Borides /
  • Nitrides /
  • Carbides
    High thermal stability, exceptional conductivity properties
    High cost of preparation, potential environmental impact
    High thermal stability, excellent electrical conductivity
    Challenging fabrication process, less environmental sustainability

Silicides vs. Substitutes:
Performance and Positioning Analysis

Silicides

  • High thermal stability, exceptional conductivity properties
  • High cost of preparation, potential environmental impact

Borides / Nitrides / Carbides

  • High thermal stability, excellent electrical conductivity
  • Challenging fabrication process, less environmental sustainability

Silicides, distinct for their high thermal stability and low resistivity, offer an edge over alternatives like oxides or nitrides in semiconductor applications. Their unique positioning in the market is marked by a potential growth driven by the sustained demand in electronics manufacturing. These Alternatives specially Borides has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Silicides market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the C&M ecosystem, we analyze Silicides across Microelectronics, Solar cells, and High-Performance Alloy Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Evonik Industries, Shin-Etsu Chemical, and MiTeGen by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Extraction, Production, and Processing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global C&M revenues to estimate the Silicides segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Extraction (Doe Castings, Star Mining Corp), Production (Advanced Materials Manufacturing, Rex Silicon Solutions), and Processing. Our parallel substitute analysis examines Borides, Nitrides, and Carbides, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Evonik Industries, Shin-Etsu Chemical, and MiTeGen, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Silicides market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Silicides Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 837 million
Revenue Forecast in 2034USD 1.43 billion
Growth RateCAGR of 6.1% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024789 million
Growth OpportunityUSD 638 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024789 million USD
Market Size 2027943 million USD
Market Size 20291.06 billion USD
Market Size 20301.13 billion USD
Market Size 20341.43 billion USD
Market Size 20351.51 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Applications, Manufacturing Process, End-Use Industries
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledEvonik Industries, Shin-Etsu Chemical, MiTeGen, BASF, China Rare Metal Material, Nippon Denko, Molybdenum Silicides, ABSCO Materials, PlasmaChem GmbH, American Elements, Stanford Advanced Materials and SS Nano
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Silicides Market Size, Opportunities & Strategic Insights, by Type

4.1Metal
4.2intermetallic
4.3non-metal
Chapter 5

Silicides Market Size, Opportunities & Strategic Insights, by Applications

5.1Microelectronics
5.2Solar cells
5.3High-Performance Alloy
5.4Thin film coatings
5.5Others
Chapter 6

Silicides Market Size, Opportunities & Strategic Insights, by Manufacturing Process

6.1CVD Process
6.2Evaporation Process
6.3Sputtering Process
Chapter 7

Silicides Market Size, Opportunities & Strategic Insights, by End-Use Industries

7.1Electronics
7.2Renewable Energy
7.3Automotive
7.4Others
Chapter 8

Silicides Market, by Region

8.1North America Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Silicides Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Evonik Industries
9.2.2Shin-Etsu Chemical
9.2.3MiTeGen
9.2.4BASF
9.2.5China Rare Metal Material
9.2.6Nippon Denko
9.2.7Molybdenum Silicides
9.2.8ABSCO Materials
9.2.9PlasmaChem GmbH
9.2.10American Elements
9.2.11Stanford Advanced Materials
9.2.12SS Nano