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Ferroalloys Market – Global Industry Trends and Forecast 2022 to 2030

The global ferroalloys market size is expected to be worth around US$ 80.9 billion by 2030, according to a new report by Vision Research Reports.

The global ferroalloys market size was valued at US$ 43.7 billion in 2020 and is anticipated to grow at a CAGR of 8.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 80.9 Bn by 2030
Growth Rate CAGR of 8.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Jindal Group; Glencore; Samancore Chrome; Shanghai Shenjia Ferroalloys Co. Ltd.; Ferro Alloys Corporation Limited; S.C. Feral S.R.L; China Minmetals; S.C. Feral S.R.L; China Minmetals

Growth Factors

 Incessant production of steel around the world is projected to benefit market growth. Ferroalloys are a group of materials consisting of iron and different alloying elements which are normally used for the production of steel. Ferroalloys are used in steelmaking to improve the specific properties of steel products. The properties such as fatigue strength, tensile strength, corrosion resistance, and ductility are improved through the addition of ferroalloys.

By Product Analysis

The ferromanganese segment accounted for a share of over 17.0% in 2020, in terms of volume in the market for ferroalloys. Ferromanganese finds primary application in steelmaking and foundry industries.

Silicomanganese is a ferroalloy containing 65 to 68% of manganese, 1.5 to 2% of carbon, and 16 to 21% of silicon and is manufactured using smelting of slag from high carbon ferromanganese.

The ferrosilicon segment is projected to witness a CAGR of 7.10% from 2021 to 2030 in terms of revenue. It is used to reduce the metals from their oxides such as the deoxidization of steel.

By Application Analysis

The stainless steel segment dominated the market and accounted for the largest revenue share of over 32.0% in 2020. The segment is projected to witness a lucrative CAGR over the forecast period.

Cast iron is projected to remain the fastest-growing segment in the market over the forecast period. Cast iron is a ferrous alloy with a small percentage of manganese, chromium, nickel, tungsten, and molybdenum among others.

By Regional Analysis

Asia Pacific held the highest volume share of around 78.0% in the market in 2020. The growth of the region is attributed to high volume steel and cast iron production in the region.

Europe was the second-largest region in the ferroalloys market in 2020, in terms of volume. European Union countries play a significant role in the global steel demand owing to the large production of industrial components and parts in these countries.

Middle East and Africa accounted for a smaller share in terms of volume in 2020 in the market; however, is projected to depict lucrative growth over the coming years.

Key Players

  • Glencore
  • Samancore Chrome
  • Shanghai Shenjia Ferroalloys Co. Ltd
  • Ferro Alloys Corporation Limited.
  • S.C. Feral S.R.L
  • Tata Steel Limited – Ferro Alloys & Minerals Division
  • Arcelor Mittal
  • China Minmetals
  • SAIL
  • Jindal Group

Market Segmentation

  • By Product
    • Ferrochrome
    • Ferromanganese
    • Ferro Silico Manganese
    • Ferrosilicon
  • By Application
    • Carbon & Low Alloy steel
    • Stainless Steel
    • Alloy Steel
    • Cast Iron
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Russia
      • Turkey
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • GCC

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Ferroalloys Market, By Product

7.1.  Ferroalloys Market, by Product, 2021-2030

7.1.1.    Ferrochrome

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Ferromanganese

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Ferro Silico Manganese

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Ferrosilicon

7.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Ferroalloys Market, By Application

8.1.  Ferroalloys Market, by Application, 2021-2030

8.1.1.    Carbon & Low Alloy steel

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Stainless Steel

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Alloy Steel

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Cast Iron

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Ferroalloys Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Glencore

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Samancore Chrome

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Shanghai Shenjia Ferroalloys Co. Ltd

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Ferro Alloys Corporation Limited.

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              S.C. Feral S.R.L

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Tata Steel Limited – Ferro Alloys & Minerals Division

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Arcelor Mittal

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              China Minmetals

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              SAIL

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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