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Your Position: Home - Minerals & Metallurgy - Ferrosilicon Market Report: Trends, Forecast and ...

Ferrosilicon Market Report: Trends, Forecast and ...

Author: becky

Apr. 29, 2024

Minerals & Metallurgy

Ferrosilicon Market Report: Trends, Forecast and ...

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Ferrosilicon Trends and Forecast
The future of the global ferrosilicon market looks promising with opportunities in the carbon & other alloy steel, stainless steel, electric steel, and cast iron markets. The global ferrosilicon market is expected to reach an estimated $15.4 billion by 2030 with a CAGR of 3.0% from 2024 to 2030. The major drivers for this market are growing usage of ferrosilicon in the steel industry as an inoculant in cast iron and as a deoxidizer, rising investments toward infrastructural developments, and increasing need in the automobile industry for high-strength, lightweight materials that perform better.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Ferrosilicon by Segment
The study includes a forecast for the global ferrosilicon by end use, application, and region.

Ferrosilicon Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Carbon & Other Alloy Steel
• Stainless Steel
• Cast Iron
• Others







Ferrosilicon Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Deoxidizer
• Inoculants
• Others
































Ferrosilicon Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ferrosilicon Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ferrosilicon companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ferrosilicon companies profiled in this report include-
• Elkem
• Eurasian Resources
• Ferro Alloys Corporation Limited
• FINNFJORD
• Ferroglobe
• IMFA
• OM Holdings





Ferrosilicon Market Insights
Lucintel forecasts that deoxidizers is expected to witness laregst growth over the forecast period due to expanding use of steel in the automobile sector, which thrives continuously owing to its booming sales, as well as, rising silicon and steel production worldwide.

APAC will remain the largest region over the forecast period due to significant potential for infrastructure growth combined with ongoing investment in the automotive sectors, as well as, technical developments in the field of metallurgy in this region.

Features of the Global Ferrosilicon Market

Market Size Estimates: Ferrosilicon market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ferrosilicon market size by end use, application, and region in terms of value ($B).
Regional Analysis: Ferrosilicon market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different end use, application, and regions for the ferrosilicon market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ferrosilicon market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the ferrosilicon market size?
Answer: The global ferrosilicon market is expected to reach an estimated $15.4 billion by 2030.

Q2. What is the growth forecast for ferrosilicon market?
Answer: The global ferrosilicon market is expected to grow with a CAGR of 3.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ferrosilicon market?
Answer: The major drivers for this market are growing usage of ferrosilicon in the steel industry as an inoculant in cast iron and as a deoxidizer, rising investments toward infrastructural developments, and increasing need in the automobile industry for high-strength, lightweight materials that perform better.

Q4. What are the major segments for ferrosilicon market?
Answer: The future of the global ferrosilicon market looks promising with opportunities in the carbon & other alloy steel, stainless steel, electric steel, and cast iron markets.

Q5. Who are the key ferrosilicon market companies?
Answer: Some of the key ferrosilicon companies are as follows:
• Elkem
• Eurasian Resources
• Ferro Alloys Corporation Limited
• FINNFJORD
• Ferroglobe
• IMFA
• OM Holdings






Q6. Which ferrosilicon market segment will be the largest in future?
Answer: Lucintel forecasts that deoxidizers is expected to witness laregst growth over the forecast period due to expanding use of steel in the automobile sector, which thrives continuously owing to its booming sales, as well as, rising silicon and steel production worldwide.

Q7. In ferrosilicon market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to significant potential for infrastructure growth combined with ongoing investment in the automotive sectors, as well as, technical developments in the field of metallurgy in this region.

Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the ferrosilicon market by end use (carbon & other alloy steel, stainless steel, cast iron, and others), application (deoxidizer, inoculants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Ferrosilicon Market, Ferrosilicon Market Size, Ferrosilicon Market Growth, Ferrosilicon Market Analysis, Ferrosilicon Market Report, Ferrosilicon Market Share, Ferrosilicon Market Trends, Ferrosilicon Market Forecast, Ferrosilicon Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

Ferrosilicon Trends and ForecastThe future of the global ferrosilicon market looks promising with opportunities in the carbon & other alloy steel, stainless steel, electric steel, and cast iron markets. The global ferrosilicon market is expected to reach an estimated $15.4 billion by 2030 with a CAGR of 3.0% from 2024 to 2030. The major drivers for this market are growing usage of ferrosilicon in the steel industry as an inoculant in cast iron and as a deoxidizer, rising investments toward infrastructural developments, and increasing need in the automobile industry for high-strength, lightweight materials that perform better.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.Ferrosilicon by SegmentThe study includes a forecast for the global ferrosilicon by end use, application, and region.Ferrosilicon Market by End Use [Shipment Analysis by Value from 2018 to 2030]:• Carbon & Other Alloy Steel• Stainless Steel• Cast Iron• OthersFerrosilicon Market by Application [Shipment Analysis by Value from 2018 to 2030]:• Deoxidizer• Inoculants• OthersFerrosilicon Market by Region [Shipment Analysis by Value from 2018 to 2030]:• North America• Europe• Asia Pacific• The Rest of the WorldList of Ferrosilicon CompaniesCompanies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ferrosilicon companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ferrosilicon companies profiled in this report include-• Elkem• Eurasian Resources• Ferro Alloys Corporation Limited• FINNFJORD• Ferroglobe• IMFA• OM HoldingsFerrosilicon Market InsightsLucintel forecasts that deoxidizers is expected to witness laregst growth over the forecast period due to expanding use of steel in the automobile sector, which thrives continuously owing to its booming sales, as well as, rising silicon and steel production worldwide.APAC will remain the largest region over the forecast period due to significant potential for infrastructure growth combined with ongoing investment in the automotive sectors, as well as, technical developments in the field of metallurgy in this region.Features of the Global Ferrosilicon MarketMarket Size Estimates: Ferrosilicon market size estimation in terms of value ($B).Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.Segmentation Analysis: Ferrosilicon market size by end use, application, and region in terms of value ($B).Regional Analysis: Ferrosilicon market breakdown by North America, Europe, Asia Pacific, and Rest of the World.Growth Opportunities: Analysis of growth opportunities in different end use, application, and regions for the ferrosilicon market.Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ferrosilicon market.Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQQ1. What is the ferrosilicon market size?Answer: The global ferrosilicon market is expected to reach an estimated $15.4 billion by 2030.Q2. What is the growth forecast for ferrosilicon market?Answer: The global ferrosilicon market is expected to grow with a CAGR of 3.0% from 2024 to 2030.Q3. What are the major drivers influencing the growth of the ferrosilicon market?Answer: The major drivers for this market are growing usage of ferrosilicon in the steel industry as an inoculant in cast iron and as a deoxidizer, rising investments toward infrastructural developments, and increasing need in the automobile industry for high-strength, lightweight materials that perform better.Q4. What are the major segments for ferrosilicon market?Answer: The future of the global ferrosilicon market looks promising with opportunities in the carbon & other alloy steel, stainless steel, electric steel, and cast iron markets.Q5. Who are the key ferrosilicon market companies?Answer: Some of the key ferrosilicon companies are as follows:• Elkem• Eurasian Resources• Ferro Alloys Corporation Limited• FINNFJORD• Ferroglobe• IMFA• OM HoldingsQ6. Which ferrosilicon market segment will be the largest in future?Answer: Lucintel forecasts that deoxidizers is expected to witness laregst growth over the forecast period due to expanding use of steel in the automobile sector, which thrives continuously owing to its booming sales, as well as, rising silicon and steel production worldwide.Q7. In ferrosilicon market, which region is expected to be the largest in next 5 years?Answer: APAC will remain the largest region over the forecast period due to significant potential for infrastructure growth combined with ongoing investment in the automotive sectors, as well as, technical developments in the field of metallurgy in this region.Q.8 Do we receive customization in this report?Answer: Yes, Lucintel provides 10% customization without any additional cost.This report answers following 11 key questions:Q.1. What are some of the most promising, high-growth opportunities for the ferrosilicon market by end use (carbon & other alloy steel, stainless steel, cast iron, and others), application (deoxidizer, inoculants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?Q.3. Which region will grow at a faster pace and why?Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?Q.5. What are the business risks and competitive threats in this market?Q.6. What are the emerging trends in this market and the reasons behind them?Q.7. What are some of the changing demands of customers in the market?Q.8. What are the new developments in the market? Which companies are leading these developments?Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?For any questions related to Ferrosilicon Market, Ferrosilicon Market Size, Ferrosilicon Market Growth, Ferrosilicon Market Analysis, Ferrosilicon Market Report, Ferrosilicon Market Share, Ferrosilicon Market Trends, Ferrosilicon Market Forecast, Ferrosilicon Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

Ferrosilicon Market is Likely to Reach Value of US$ 15.1 Bn

Wilmington, Delaware, United States, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the value of global ferrosilicon market stood at US$ 11.3 Bn. The global market is projected to develop at 2.5% CAGR during the forecast period, from 2022 to 2031. It is estimated that by 2031 the global ferrosilicon market is likely to touch value of US$ 15.1 Bn. Industries are exploring options in metallic addition agents that are utilized in the production of steel and iron to add an alloying element to refined steel or molten metal. In the manufacturing of iron and steel ferrosilicon is utilized as a master alloy.

In order to reduce release of harmful particles into the environment, businesses are expected to take additional precautions, such as storing ferroalloys in watertight containers and isolating equipment and machinery utilized for handling raw materials. Due to the fact that steel is a crucial raw material for the majority of end-use sectors, Leading players in ferrosilicon market have been creating steady income streams in the steel sector since COVID-19 outbreak.

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The main application of ferrosilicon in steel mills is the production of steel. Ferrosilicon has advantages such as high strength, high temperature resistance, high magnetism & hardness, and high specific gravity. It is also resistant to corrosion and abrasion. As a result, a number of businesses are investing in the manufacture of ferrosilicon, which is estimated to as one of the key recent developments in ferrosilicon market.

Key Findings of Market Report

  • As more electrical steel is needed for the manufacture of transformers, motors, and other power generation equipment, there is likely to be a rise in the demand for ferrosilicon. Ferrosilicon, a component of electrical steel, is used in magnetic motor cores. This increases range, reduces the required battery capacity, and enhances motor efficacy.

  • In the construction and automotive industries, there is a rising need for corrosion-resistant materials. Long-lasting, corrosion-free construction is necessary for automobile components, bridges, and building supplies. As a result of these desirable qualities, ferrosilicon is utilized in both constructions and automobiles. The future market demand for ferrosilicon is likely to benefit from the expanding automotive and construction sectors.

  • The carbon & other alloy steel category held a 46.7% share of the global ferrosilicon market in 2021, depending on end-use. The rising use of cast iron and alloy steel in the construction and automotive sectors is likely to drive up demand for ferrosilicon.

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Global Ferrosilicon Market: Growth Drivers

  • In 2021, the Asia Pacific region held a significant portion of the global market with 74.7% of the market share. In Asia Pacific, China accounts for roughly one-third of the regional ferrosilicon market and is the fastest growing market for ferrosilicon. This can be attributed to the region's increasing investment in the building and automotive industries as well as the industry's phenomenal growth.

Global Ferrosilicon Market: Key Competitors

  • SC Feral Srl
  • DMS Powders (Pty) Ltd
  • Singhania International Limited
  • Ferroglobe OM Holdings Limited
  • Hindustan Alloys Private Limited
  • Eurasian Resources Group
  • Finnfjord AS

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Global Ferrosilicon Market: Segmentation

Type

  • Atomized Ferrosilicon
  • Milled Ferrosilicon

End Use

  • Carbon & Other Alloy Steel
  • Stainless Steel
  • Electrical Steel
  • Cast Iron
  • Magnesium
  • Others

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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