Ferroalloys Market by Products (Ferrochrome, Ferro Silicomanganese, Ferromanganese, Ferrosilicon), by Application (Stainless Steel, Carbon & Low Alloy Steel, Alloy Steel, Cast Iron), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Ferroalloys Market - Global Industry Analysis and Forecast 2020 to 2027

Ferroalloys Market: Summary

The Global Ferroalloys Market is projected to reach a value of over USD 75.4billion by 2027 at a CAGR of around 5.1%.

Ferroalloys are the iron alloys composed with high proportion of elements such as aluminum, silicon, or manganese which is used in production of alloys and steel. Ferroalloys have been developed to improve the alloy and steel by introducing specific alloying element in desirable quantities. It’s properties such as ductility, strength, and fatigue or corrosion resistance of steel are making it popular across various industries. Additionally, they have application in several tasks such as deoxidation, refining, modification, and control of non-metallic inclusion and precipitates.

Ferroalloys Market

Ferroalloys Market: Drivers & Challenges

Market Driver:

  • Growing Steel Demand in Various End Use Industries

Ferroalloy is used widely in manufacturing of variety of steel such as alloy steel, carbon steel,stainless steel, and others. Presence of iron ore is abundant across the globe which is intensifying the demand for various types of steel grades. According to worldsteel Association, the global crude steel production reached 1,869.9 million tons (Mt) in 2019, which has increased by 3.4% as compared to previous year. Thus, growing steel production has attributed to raise its demand from various end use industries such as automotive, construction, and aerospace & defense. Ferroalloy is used in steel for improve its properties such as ductility, strength, and fatigue. Thus, growing steel demand from various end use industries such as automotive, construction, and aerospace & defense has expected to surge the demand for ferroalloys market during the forecasted period.

Market Challenge:

  • Stringent Government Regulations

Steel industry is responsible for emission of carbon dioxide which is released in various stages of steel producing. According to worldsteel Association, on an average 1.85 tons of CO2 was emitted for every tone of steel produced in 2018. Thus, various government bodies have imposed stringent regulations and industry standard for iron and steel production industries. For instance, Environmental Protection Agency (EPA), has introduced Greenhouse Gas Reporting Program (GHGRP) for metals with an aim to keep track of greenhouse gas emission during each production facilities of the metal. Thus, stringent regulations imposed by various governing bodies to control the release of greenhouse gases may pose challenge to the ferroalloy market growth.

Ferroalloys Market: Key Segments

  • Segmentation based on product: Ferrochrome (FeCr),Ferro Silicomanganese (FeSiMn), Ferromanganese, Ferrosilicon, and Others.
  • Segmentation based on application: Stainless Steel, Carbon & Low Alloy Steel, Alloy Steel, Cast Iron, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Ferroalloys Market: Report Scope

The report on the ferroalloys market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Kiloton)

Segments Included

Product, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Vedanta limited(Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Ferroglobe
  • Eurasian Resources Group
  • Nikopol Ferroalloy Plant
  • SC Feral Srl.
  • Jindal Stainless Limited
  • Glencore
  • Samancor Chrome
  • Tata Steel
  • SAIL    
  • OM Holdings Ltd
  • LEMETCO GmbH
  • MidUral Group
  • SAKURA FERROALLOYS
  • Pertama Ferroalloys Sdn
  • Other Key Companies

Ferroalloys Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Ferroalloys Market, by Product

  • Ferrochrome (FeCr)
  • Ferro Silicomanganese (FeSiMn)
  • Ferromanganese
  • Ferrosilicon
  • Others

Ferroalloys Market, by Application

  • Stainless Steel
  • Carbon & Low Alloy Steel
  • Alloy Steel
  • Cast Iron
  • Others

Ferroalloys Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Ferroalloys Market Providers
  • Ferroalloys Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Ferroalloys Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE FERROALLOYS MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Steel Demand in Various End Use Industries
      2. Blooming Construction Industry in Emerging Nations
    3. Restraint
      1. Higher Production Cost
    4. Opportunities
      1. Advancement in Steel Grade
    5. Challenges
      1. Stringent Government Regulations
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL FERROALLOYS MARKET BY PRODUCT, Market Size in USD Million & Volume in Kilotons (2019-2027)
    1. Introduction
    2. Ferrochrome (FeCr)
    3. Ferro Silicomanganese (FeSiMn)
    4. Ferromanganese
    5. Ferrosilicon
    6. Others
  7. GLOBAL FERROALLOYS MARKET BY APPLICATION, Market Size in USD Million & Volume in Kilotons(2019-2027)
    1. Introduction
    2. Stainless Steel
    3. Carbon & Low Alloy Steel
    4. Alloy Steel
    5. Cast Iron
    6. Others
  8. GLOBAL FERROALLOYS MARKET BY REGION, Market Size in USD Million & Volume in Kilotons(2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. Vedanta limited
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. Ferroglobe
    3. Eurasian Resources Group
    4. Nikopol Ferroalloy Plant
    5. SC Feral Srl.
    6. Jindal Stainless Limited
    7. Glencore
    8. Samancor Chrome
    9. Tata Steel
    10. SAIL
    11. OM Holdings Ltd
    12. LEMETCO GmbH
    13. MidUral Group
    14. SAKURA FERROALLOYS
    15. Pertama Ferroalloys Sdn
    16. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 0128

Published : August, 2020


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