Ferroalloys Market Size & Share, by Type (Ferrochrome, Ferromanganese, Ferro Silicomanganese, Ferrosilicon); Abundance (Bulk, Noble); End-user (Carbon & Low Alloy Steel, Stainless Steel, Alloy Steel, Cast Iron) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4612
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Companies Dominating the Ferroalloys Landscape

top-features-companies
    • Elkem ASA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Feng Erda Group
    • DMS Powders
    • Eurasian Resources Group
    • Ferroglobe PLC
    • Finnfjord AS
    • Hindustan Alloys Private Limited
    • Russian Ferro-Alloys Inc.

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • Ferroglobe’s second silicon metal furnace situated in Selma, Alabama, United States has resumed operation. The restart of this furnace increases the annual capacity of silicon metal for the domestic market in the United States by 11,000 tons. The Selma facility's two furnaces can produce 22,000 pounds of silicon metal annually.

  • Elkem ASA unveiled a new Elkem bismuth inoculant at the virtual Elkem Silicon Products booth at the 2021 AFS Metalcasting Congress in the US. This new inoculant affordably enhances ductile-iron structures and qualities. If rare earths are present throughout the process of ductile-iron nodularising, new bismuth inoculant enhances graphite nodularity and lowers chill in ductile-iron castings.


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4612
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Steady demand for steel and cast iron, along with growth in the construction and automobile sector can be termed as the major factors driving the growth of the ferroalloys market.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Slow rate 0f growth and development of new materials are some key challenges affecting market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are: Elkem ASA, Feng Erda Group, DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Russian Ferro-Alloys Inc., Mechel PAO. OM Holdings Ltd., and Westbrook Resources Ltd.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, abundance, end-use, and by region.

The use of bulk ferroalloys is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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