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The global ferroalloys market size was approximately 49,970.0 KMT in 2023. The market is estimated to grow at a CAGR of 2.1% during 2024-2032 to reach a volume of 60,460.5 KMT by 2032.
Ferroalloys are widely used in the production of steel. The inclusion of ferroalloys improves properties such as strength, ductility, and fatigue or corrosion resistance, making it more suitable for structural applications that require high strength and wear resistance.
Steel is a key material in the construction, automotive, and industrial machinery and equipment sectors. According to the World Steel Organisation, about 900 kg of steel is used per vehicle. In 2022, motor vehicle production constituted to about 85.4 million, marking an increase of 5.7% compared to 2021.
The growing infrastructure and construction sector contributes to the demand for steel. About 50% of the steel produced on a global scale is consumed by the building and infrastructure sector. Globally, the construction sector is anticipated to reach USD 14.4 trillion by 2030. Infrastructure development is influenced by factors such as government investments, urbanisation, and technological improvements.
Ferroalloys Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ferroalloys Market Analysis
8.1 Key Industry Highlights
8.2 Global Ferroalloys Historical Market (2018-2023)
8.3 Global Ferroalloys Market Forecast (2024-2032)
8.4 Global Ferroalloys Market by Process
8.4.1 Carbothermic Reduction Process
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Metallothermic (Alumino Thermic Process)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hall electrolytic process
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Ferroalloys Market by Product
8.5.1 Silicomanganese
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Ferrochromium
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Ferrosilicon
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Ferronickel
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Ferromanganese
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Ferroalloys Market by Application
8.6.1 Stainless Steel
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Carbon Steel
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Welding Electrode
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Superalloys
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Ferroalloys Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Ferroalloys Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ferroalloys Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Russia
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Poland
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Others
11 Asia Pacific Ferroalloys Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ferroalloys Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ferroalloys Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Iran
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Turkey
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 7202)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Tata Steel Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 AMG Vanadium LLC
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Metraco NV
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 DS Alloyd Pvt. Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 LekonGermess Ltd
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Glencore Plc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Ferro Alloys Corporation Limited
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Essel Mining & Industries Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Ferroalloys Market: Key Industry Highlights, 2018 and 2032
2. Global Ferroalloys Historical Market: Breakup by Process (KMT), 2018-2023
3. Global Ferroalloys Market Forecast: Breakup by Process (KMT), 2024-2032
4. Global Ferroalloys Historical Market: Breakup by Product (KMT), 2018-2023
5. Global Ferroalloys Market Forecast: Breakup by Product (KMT), 2024-2032
6. Global Ferroalloys Historical Market: Breakup by Application (KMT), 2018-2023
7. Global Ferroalloys Market Forecast: Breakup by Application (KMT), 2024-2032
8. Global Ferroalloys Historical Market: Breakup by Region (KMT), 2018-2023
9. Global Ferroalloys Market Forecast: Breakup by Region (KMT), 2024-2032
10. North America Ferroalloys Historical Market: Breakup by Country (KMT), 2018-2023
11. North America Ferroalloys Market Forecast: Breakup by Country (KMT), 2024-2032
12. Europe Ferroalloys Historical Market: Breakup by Country (KMT), 2018-2023
13. Europe Ferroalloys Market Forecast: Breakup by Country (KMT), 2024-2032
14. Asia Pacific Ferroalloys Historical Market: Breakup by Country (KMT), 2018-2023
15. Asia Pacific Ferroalloys Market Forecast: Breakup by Country (KMT), 2024-2032
16. Latin America Ferroalloys Historical Market: Breakup by Country (KMT), 2018-2023
17. Latin America Ferroalloys Market Forecast: Breakup by Country (KMT), 2024-2032
18. Middle East and Africa Ferroalloys Historical Market: Breakup by Country (KMT), 2018-2023
19. Middle East and Africa Ferroalloys Market Forecast: Breakup by Country (KMT), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2032
25. Europe Historical Price Trends and Forecast 2018-2032
26. Asia Pacific Historical Price Trends and Forecast 2018-2032
27. Latin America Historical Price Trends and Forecast 2018-2032
28. Middle East and Africa Historical Price Trends and Forecast 2018-2032
29. Global Ferroalloys Market Structure
The market attained a volume of 49,970.0 KMT in 2023.
The market is estimated to grow at a CAGR of 2.1% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 60,460.5 KMT by 2032.
The major drivers of the market include the availability of iron ore in abundance and the various advantages offered by ferroalloys.
The expansion of the construction sector, increasing demand for steel, and the growing demand from end-use sectors are the key trends propelling the growth of the market.
The key regional markets for ferroalloys are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key applications of the product are stainless steel, carbon steel, welding electrode, superalloys, others.
The key players in the market include Tata Steel Limited, AMG Vanadium LLC, Metraco NV, DS Alloyd Pvt. Ltd., LekonGermess Ltd., Glencore Plc., Ferro Alloys Corporation Limited, and Essel Mining & Industries Limited, among others.
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