Ferroalloys Industry Data Book Covers Ferro Manganese, Ferrochrome, Silico Manganese and Ferrosilicon Markets.
The global ferroalloys industry size was estimated at USD 42.7 billion in 2020. The market is expected to expand at a CAGR of 4.9% CAGR (2021-2028).
Grand View Research’s Ferroalloys industry data book is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.
Ferro Manganese Market Insights
The global ferro manganese market size was valued at USD 14.2 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027.
The high carbon ferro manganese segment dominated the market and accounted for 70.2% share of the global volume in 2019. The supply side of this grade segment largely remained stable until 2018 and the global production volume reached nearly 4 million tons.
The carbon steel application segment led the market and accounted for more than 48.0% share of the global volume in 2019. The segment is projected to witness stagnant growth in the years to come owing to the falling downstream demand from the construction industry. The imposed lockdowns initiated across major economies of the globe pushed the construction output volume toward a negative trajectory over the first half of the FY 2020.
Ferrochrome Market Insights
The global ferrochrome market size was valued at USD 16.77 billion in 2018 and is predicted to grow at a CAGR of 4.6% from 2019 to 2030. Increasing stainless steel production around the globe is a significant factor driving the market growth.
High carbon ferrochrome (HC FeCr) dominated the market with a volume share of 85.7% in 2018. The significant factor contributing to the dominance of HC FeCr is its lower cost and availability of larger reserves as compared to other products. As a result, this product is largely consumed by stainless steel manufacturers.
Stainless steel accounted for the largest consumption of the product with a volume share of 80.4% in 2018. FeCr is mainly added to reduce oxidation and improve its aesthetic appearance. As of 2018, there was no substitute for ferrochrome for the aforementioned purposes in stainless steel application. As a result, the demand for products is expected to remain strong over the coming years.
Access the Global Ferroalloys Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Silico Manganese Market Insights
The global silico manganese market size was valued at USD 26.74 billion in 2021 and is estimated to expand at a compounded annual growth rate (CAGR) of 6.5% in terms of revenue from 2022 to 2033.
Low carbon accounted for more than 33.0% of the revenue share in 2021 of the global market. Low-carbon silico manganese is commonly used in the production of stainless steel (SS) and other low-carbon steel grades through vacuum oxygen decarburization (VOD), argon oxygen decarburization (AOD), and Creusot-Loire Uddeholm (CLU) processes.
Carbon steel accounted for a revenue share of more than 32.0% of the global market in 2021. Due to its high strength, the product is used in manufacturing buildings, pipeline networks, railroad tracks, and equipment parts. Rising investments in these sectors are expected to drive market growth.
Ferrosilicon Market Insights
The global ferrosilicon market size was valued at USD 11.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.
Based on end-use, carbon other alloy steel accounted for more than 43.0% of the revenue share in 2022. Ferrosilicon is an important raw material in the production process of steel, where it is used as a deoxidizer and alloy agent. Furthermore, ferrosilicon powder can release a large amount of heat when burned at a high temperature. Hence, it is also used as a heat-producing agent for making capped steel.
Based on application, deoxidizers dominated with a revenue share of more than 69.0% in 2022 and this trend is expected to continue over the forecast period. Ferrosilicon is widely used as a deoxidizer in the steel industry. The deoxidization process blocks the heat and prevents the loss of carbon from the molten steel, thereby ensuring its quality.
Ferroalloys Market – Global Industry Segmentation
Ferromanganese Market Size Forecasts, by Grade, 2016 - 2027
- High Carbon
- Refined
Ferromanganese Market Size Forecasts, by Application, 2016 - 2027
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Cast Iron
- Others
Ferrochrome Market Size Forecasts, by Product, 2014 - 2030
- High Carbon
- Medium Carbon
- Low Carbon
Ferrochrome Market Size Forecasts, by Application, 2014 - 2030
- Stainless Steel
- Other Steels
Silico Manganese Market Size Forecasts, by Product, 2017 - 2033
- Low Carbon
- Medium Carbon
- High Carbon
Silico Manganese Market Size Forecasts, by Application, 2017 - 2033
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Cast Iron
- Others
Ferrosilicon Market Size Forecasts, by End-use, 2017 - 2030
- Deoxidizer
- Inoculants
- Others
Ferrosilicon Market Size Forecasts, by Application, 2017 - 2030
- Carbon Other Alloy Steel
- Stainless Steel
- Electric Steel
- Cast Iron
- Others
Order your copy of the Free Sample of “Ferroalloys Industry Data Book - Ferro Manganese, Ferrochrome, Silico Manganese and Ferrosilicon Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Ferroalloys Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
Ferroalloys Industry Data Book Competitive Landscape
The industry is expected to witness additional investments from established major companies in the next years owing to the competitive market outlook.
Key players operating in the ferroalloys industry are –
- Arcelor Mittal
- Brahm Group
- China Minmetals Group Co., Ltd.
- Elkem ASA
- EMCO
- Eramet Group
- Eurasian Resource Group
- Ferroalloys Corporation Limited
- Ferroglobe
- FINNFJORD AS
- Glencore
- Gulf Manganese Corporation Limited
- IMFA
Go through the table of content of Ferroalloys Industry Data Book to get a better understanding of the Coverage Scope of the study
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