Global Ferroalloys Market Growth 2023-2029

Global Ferroalloys Market Growth 2023-2029

Product Code:455494

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Chemical & Material

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Ferroalloys, alloys of iron with one or more other elements added to steel melts, are used to impart distinctive qualities to steel or to serve important functions during steel refning, such as control of inclusions, deoxidation, and desulfurization. Ferroalloys are used in lesser amounts to produce cast iron and nonferrous alloys. Ferroalloys can be divided into bulk ferroalloys and noble ferroalloys (also called special or specialty ferroalloys).

LPI (LP Information)' newest research report, the “Ferroalloys Industry Forecast” looks at past sales and reviews total world Ferroalloys sales in 2022, providing a comprehensive analysis by region and market sector of projected Ferroalloys sales for 2023 through 2029. With Ferroalloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ferroalloys industry.

This Insight Report provides a comprehensive analysis of the global Ferroalloys landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ferroalloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ferroalloys market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ferroalloys and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ferroalloys.

The global Ferroalloys market size is projected to grow from US$ 65440 million in 2022 to US$ 95830 million in 2029; it is expected to grow at a CAGR of 95830 from 2023 to 2029.

Global Ferroalloys key players include Glencore, Eurasian Resources Group, Tsingshan Holding Group, Samancor Chrome, Erdos Group, etc. Global top five manufacturers hold a share about 10%.

China is the largest market, with a share about 40%, followed by United States and Middle East, both have a share about 15 percent. 
In terms of product, Silicon Manganese is the largest segment, with a share over 30%. And in terms of application, the largest application is Deoxidizer, followed by Alloying Element Additive.

This report presents a comprehensive overview, market shares, and growth opportunities of Ferroalloys market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Silicon Manganese
    Ferrochrome
    Ferro Nickel
    Others

Segmentation by application
    Deoxidizer
    Desulfurizer
    Alloying Element Additive

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Glencore
    Eurasian Resources Group
    Tsingshan Holding Group
    Samancor Chrome
    Erdos Group
    Jiangsu Delong Nickel Industry
    Nikopol Ferroalloy Plant
    Shandong Xinhai Technology
    Henan Xibao Metallurgy Metarials Group
    Sheng Yan Group
    Outokumpu
    Shengyang Group
    OM Holdings
    Sakura Ferroalloys

Key Questions Addressed in this Report
What is the 10-year outlook for the global Ferroalloys market?
What factors are driving Ferroalloys market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ferroalloys market opportunities vary by end market size?
How does Ferroalloys break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?