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Ferroboron Market Size and Share, by Type: (Low Carbon and High Carbon), Application: (Steel Production, NdFeB Magnets, Amorphous, Others), Distribution channel: (Direct Sales, others), End User: (Automotive, Construction & Infrastructure, Electrical and Electronics, Others) - Global Supply & Demand Analysis, Growth Forecasts, and Statistical Report 2026-2036

  • Report ID: 8263
  • Published Date: Nov 21, 2025
  • Report Format: PDF, PPT

Global Ferroboron Market

  1. An Outline of the Global Ferroboron Market  
    1. Market Definition and Segmentation
    2. Study Assumptions and Abbreviations
  2. Research Methodology & Approach
    1. Primary Research 
    2. Secondary Research 
    3. Data Triangulation
    4. SPSS Methodology
  3. Executive Summary
  4. Growth Drivers
  5. Major Roadblocks
  6. Opportunities
  7. Prevalent Trends
  8. Government Regulation
  9. Growth Outlook
  10. Competitive White Space Analysis – Identifying Untapped Market Gaps
  11. Risk Overview
  12. SWOT
  13. Technological Advancement
  14. Technology Maturity Matrix for Ferroboron
  15. Recent News
  16. Regional Demand
  17. Ferroboron by Geography – Strategic Comparative Analysis
  18. Strategic Segment Analysis: Ferroboron Demand Landscape
  19. Ferroboron Demand Trends Driven by Electrification, Downsizing, and Lightweighting (2026-2036)
  20. Root Cause Analysis (RCA) for discovering problems of the Ferroboron Market
  21. Porter Five Forces
  22. PESTLE
  23. Comparative Positioning
  24. Global Ferroboron – Key Player Analysis (2036)
  25. Competitive Landscape: Key Suppliers/Players
  26. Competitive Model: A Detailed Inside View for Investors
  27. Company Market Share, 2036 (%)
    1. Business Profile of Key Enterprise
      1. A.M.P.E.R.E Alloys
      2. CRONIMET
      3. Eti Maden
      4. JAYESH
      5. LIB
      6. MTC Group
      7. NIPPON DENKO CO LTD
  28. Global Ferroborom Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR) 
    2. Ferroboron Market Segmentation Analysis (2026-2036)
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Regional Synopsis, Value (USD Million), 2026-2036
        1. North America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. Europe Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        3. Asia Pacific Excluding Japan Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        4. Japan Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        5. Latin America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        6. Middle East and Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  29. North America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036 
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Country Level Analysis, Value (USD Million)
        1. U.S. Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. Canada Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  30. Europe Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036 
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Country Level Analysis, Value (USD Million)
        1. UK Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. Germany Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        3. France Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        4. Italy Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        5. Spain Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        6. Netherlands Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        7. Russia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        8. Switzerland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        9. Poland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        10. Belgium Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        11. Rest of Europe Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  31. Asia Pacific Excluding Japan Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036 
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Country Level Analysis, Value (USD Million)
        1. China Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. India Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        3. South Korea Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        4. Australia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        5. Indonesia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        6. Malaysia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        7. Vietnam Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        8. Thailand Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        9. Singapore Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        10. New Zeeland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        11. Rest of Asia Pacific Excluding Japan Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  32. Japan Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036 
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F

 

 

  1. Latin America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Country Level Analysis, Value (USD Million)
        1. Brazil Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. Argentina Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        3. Mexico Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        4. Rest of Latin America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  2. Middle East & Africa Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2026-2036  
      2. Increment $ Opportunity Assessment, 2026-2036
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD million), 2026-2036, By
      1. By Type
        1. Low Carbon, Market Value (USD Million), and CAGR, 2026-2036F
        2. Medium Carbon (USD Million), and CAGR, 2026-2036F
      2. By Application
        1. Steel Production, Market Value (USD Million), and CAGR, 2026-2036F
        2. NdFeB Permanent Magnets, Market Value (USD Million), and CAGR, 2026-2036F
        3. Amorphous, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      3. By End Use
        1. Automotive, Market Value (USD Million), and CAGR, 2026-2036F
        2. Construction and Infrastructure, Market Value (USD Million), and CAGR, 2026-2036F
        3. Electrical and Electronics, Market Value (USD Million), and CAGR, 2026-2036F
        4. Others, Market Value (USD Million), and CAGR, 2026-2036F
      4. By Distribution Channel
        1. Direct sales, Market Value (USD Million), and CAGR, 2026-2036F
        2. Others, Market Value (USD Million), and CAGR, 2026-2036F
      5. Country Level Analysis, Value (USD Million)
        1. Saudi Arabia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        2. UAE Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        3. Israel Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        4. Qatar Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        5. Kuwait Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        6. Oman Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        7. South Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
        8. Rest of Middle East & Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2036F 
  3. Global Economic Scenario
    1.  World Economic Outlook
  4. About Research Nester
    1. Our Global Clientele
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Ferroboron Market Outlook:

Ferroboron Market size was valued at USD 4,15,738.42 thousand in 2025 and is projected to reach USD 7,36,817.69 thousand by the end of 2036, rising at a CAGR of 5.19% during the forecast period, i.e., 2026-2036. In 2026, the industry size of ferroboron is estimated at USD 4,44,404.16 thousand.

The primary growth driver for the global market is the rapid expansion of the steel industry. According to the World Steel Association, global apparent steel use per capita was 214.7 kg in 2024. Ferroboron is widely used as an alloying agent to improve the hardenability and strength of steel, making it especially valuable in high-strength and specialty steels. The growing demand for lightweight yet durable steel in the automotive sector, particularly with the rise of electric vehicles, is boosting ferroboron consumption. Additionally, infrastructure development and construction projects worldwide are fueling steel production, indirectly driving ferroboron demand. According to the International Council on Clean Transportation (ICCT), U.S. light-duty automotive steel demand is about 3.9 million tonnes per year, with total U.S. automotive steel demand estimated at 11 million tons in 2023. Technological advancements in steelmaking and rising investments in renewable energy infrastructure (such as wind turbines) are further accelerating the need for boron-enhanced alloys. Finally, favorable government regulations and sustainability initiatives promoting efficient, high-performance materials support long-term market growth.

Key Ferroboron Market Insights Summary:

  • Regional Insights:

    • Asia-Pacific excluding Japan is forecast to secure a 46.35% share by 2036 in the ferroboron market, underpinned by rapid industrialization and expanding steel production capacities across the region.
    • North America is projected to strengthen its market position by 2036, supported by rising demand from aerospace, defense, and advanced manufacturing sectors.

  • Segment Insights:

    • The medium carbon segment in the ferroboron market is projected to capture a 69.16% share by 2036, propelled by its optimal balance of cost-effectiveness and performance.
    • The steel production segment is anticipated to command the majority share by 2036, supported by relentless global demand for advanced steels.

  • Key Growth Trends:

    • Growing demand for NdFeB magnets
    • Expansion in specialty steel and alloys

  • Major Challenges:

    • Volatility in raw material prices
    • Availability of substitute alloying elements

  • Key Players: MTC, JAYESH, Eti Maden, AMG Chrome Limited, and CRONIMET.

Global Ferroboron Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 4,15,738.42 thousand
    • 2026 Market Size: USD 4,44,404.16 thousand
    • Projected Market Size: USD  7,36,817.69 thousand by 2036
    • Growth Forecasts: 5.19% CAGR (2026-2036)

  • Key Regional Dynamics:

    • Largest Region: Asia-Pacific excluding Japan (46.35% Share by 2036)
    • Fastest Growing Region: Asia-Pacific excluding Japan
    • Dominating Countries: United States, China, Germany, Japan, South Korea
    • Emerging Countries: China, Japan, South Korea, India, Taiwan

    • Last updated on : 21 November, 2025

Growth Drivers

  • Growing demand for NdFeB magnets: NdFeB magnets are widely used in electric vehicles, wind turbines, consumer electronics, and industrial machinery due to their exceptional magnetic strength and compact size. The U.S. domestic demand for NdFeB magnets is projected to more than double by 2030 from around 16,000 tons in 2020 to 37,000 tons in 2030, driven largely by electric-vehicle and offshore wind-turbine growth. The rapid adoption of electric vehicles and renewable energy technologies is significantly increasing the production of NdFeB magnets, which in turn drives ferroboron consumption. Additionally, industrial automation and robotics rely heavily on these magnets, further boosting demand. The need for lightweight, energy-efficient, and high-strength materials in modern applications reinforces ferroboron’s role as an essential alloying element, supporting sustained market growth.
  • Expansion in specialty steel and alloys: Specialty steels, including high-strength low-alloy (HSLA) steels and tool steels, increasingly incorporate ferroboron to improve performance in demanding applications such as automotive, aerospace, and industrial machinery. Rising demand for durable, lightweight, and energy-efficient steel products in construction, transportation, and manufacturing sectors further fuels ferroboron consumption. Additionally, advancements in steelmaking technologies and the push for high-performance materials in infrastructure and renewable energy projects are expanding the use of boron-enhanced alloys. This growing adoption of specialty steels and alloys continues to support sustained growth in the market globally.
  • Rise in construction and infrastructure: Boron-enhanced steel is widely used in construction applications because it offers greater strength, wear resistance, and structural durability, making it suitable for high-load buildings, bridges, tunnels, and transportation networks. As emerging economies invest heavily in smart cities, transport corridors, industrial facilities, and renewable energy infrastructure, the need for high-performance steel continues to rise. Ferroboron plays an essential role in producing rebar, structural beams, and alloy steels used in these projects, boosting market growth. Furthermore, sustainability goals and the shift toward longer-lasting construction materials encourage the adoption of boron-alloyed steel, strengthening ferroboron’s market outlook in the infrastructure sector.

Challenges

  • Volatility in raw material prices: The global market faces challenges due to fluctuating prices of boron ore and related raw materials. Supply constraints in major boron-producing countries and geopolitical risks can lead to inconsistent availability, driving cost instability for manufacturers. This price volatility affects production planning and reduces profit margins, especially for small and mid-scale alloy producers. Additionally, dependency on limited boron mining regions increases supply chain vulnerabilities.
  • Availability of substitute alloying elements: Another significant restraint is the availability of alternative alloying materials such as vanadium, molybdenum, and niobium, which are often used to enhance steel hardness and strength. In applications where boron’s advantages are marginal, industries may prefer these substitutes due to wider availability and established supply chains. The presence of these alternatives can limit ferroboron adoption and slow market expansion. Moreover, technological developments in advanced alloy formulations may reduce dependence on boron-based additives over time.

Ferroboron Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Year

2026-2036

CAGR

5.19%

Base Year Market Size (2025)

USD 4,15,738.42 thousand

Forecast Year Market Size (2036)

USD 7,36,817.69 thousand

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Ferroboron Market Segmentation:

Type Segment Analysis

The medium carbon segment is expected to grow at a market share of 69.16% by 2036. The market growth is fueled by its optimal balance of cost-effectiveness and performance, making it the preferred and most versatile boron additive in the steel industry. This grade is critical for producing high-strength, low-alloy (HSLA) steels, which are extensively used in automotive manufacturing, construction, and heavy machinery to reduce weight and enhance structural integrity. The World Steel Association data show total world crude steel production was 1,888.2 million tons in 2023, illustrating the very large steel base that drives demand for alloying additions such as ferroboron. The widespread demand from these core industrial sectors creates a steady, high-volume consumption that sets the overall market's production and pricing trends. Consequently, innovations and supply chain dynamics within the medium carbon sub-segment directly influence the technological development and growth trajectory of the entire market.

Application Segment Analysis

The steel production segment is the unequivocal engine of the global market, consuming the vast majority of its output and directly dictating the scale of all other application segments. Ferroboron's primary role is as a potent hardening agent and deoxidizer in the manufacturing of high-strength, low-alloy (HSLA) steels and boron steels. The relentless global demand for these advanced steels from the automotive, construction, and heavy machinery industries creates a non-negotiable, volume-driven demand for ferroboron. Consequently, the performance requirements, cost pressures, and technological trends within steel manufacturing directly shape ferroboron production, innovation, and pricing. The growth and health of the steel industry are therefore the most significant determinants of the entire Ferroboron market's trajectory, making all other applications niche by comparison.

End Use Segment Analysis

The automotive segment is the primary end-use driver of the global ferroboron market, accounting for the largest share of its output. This demand is fueled by the industry's critical need for high-strength, lightweight boron steels to enhance vehicle safety, improve fuel efficiency, and meet stringent emission regulations. Ferroboron is crucial in the production of these advanced steels, which are utilized in key structural components such as pillars, door frames, and bumpers. As automakers globally push towards vehicle light-weighting and improved crashworthiness without compromising safety, the reliance on boron-steel alloys intensifies. Consequently, the production cycles, material innovation, and strategic shifts within the automotive industry directly dictate the demand dynamics and growth trajectory of the global ferroboron market.

Our in-depth analysis of the ferroboron market includes the following segments:

Type

  • Low carbon
  • Medium Carbon

Application
  • Steel Production
  •  NdFeB Permanent Magnets
  •  Amorphous
  •  Others

End User
  • Automotive
  • Construction
  • Electrical and Electronics
  • Others

Distribution Channel
  • Direct sales
  • Others
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Ferroboron Market - Regional Insights

Asia Pacific Excluding Japan Market Insights

Asia-Pacific excluding Japan is expected to grow at a market share of 46.35% by 2036. The region is emerging as a major growth engine for the global ferroboron market due to rapid industrialization and expanding steel production capacities across China, India, and Southeast Asia. Increasing investments in construction, infrastructure, and automotive manufacturing are driving demand for high-strength, wear-resistant steels in which ferroboron is a key alloying material. The region is also witnessing growth in specialty steel and foundry applications, further supporting ferroboron consumption. Supportive government policies promoting domestic steel output and metallurgical innovation strengthen market prospects. Additionally, the availability of relatively low-cost labor and raw materials provides competitive advantages for regional ferroboron manufacturers.

China drives the ferroboron market primarily through its position as the world’s largest steel producer and a major center for specialty alloy manufacturing. The country’s ongoing infrastructure expansion, coupled with strong demand from automotive and machinery sectors, supports sustained consumption of ferroboron in boron-alloyed steels. In 2023, China produced 1.0289 billion tons of crude steel, according to the National Bureau of Statistics. Government initiatives promoting high-strength and advanced metallurgy technologies further boost market penetration. Additionally, China’s growing rare earth and boron resource base enables stable raw material access for ferroboron manufacturers. Increasing exports of alloyed steel products also amplify China’s influence on global ferroboron demand.

India is contributing significantly to the ferroboron market owing to rapid growth in infrastructure development, construction activities, and public-sector steel production projects. As per the Ministry of Steel’s 2023–24 annual report, India’s crude steel production rose to 144.299 million tons (MT), up 13.4% year-on-year. The government’s focus on domestic steel capacity expansion under initiatives such as Make in India and the National Steel Policy strengthens demand for alloying materials like ferroboron. Rising adoption of high-strength steels in automotive and engineering applications is further accelerating market growth. The presence of expanding metallurgical and foundry industries enhances consumption potential. With ongoing investments in railways, ports, and industrial corridors, India is expected to remain a strong demand center for ferroboron in Asia.

 North America Market Insights

North America drives the ferroboron market through its established aerospace, defense, and automotive industries, which require high-strength, wear-resistant steels and specialty alloys. The region’s growing focus on advanced manufacturing, lightweight materials, and electric vehicle production further supports ferroboron consumption. Strong research and development activities, particularly in the U.S., promote innovation in boron-alloyed steel applications. Additionally, federal infrastructure investments and oil and gas sector demand reinforce the need for durable metallurgical materials. Robust import channels and strategic stockpiling of alloying elements also help sustain market growth.

The U.S. drives the ferroboron market through its large-scale steel production and advanced automotive, aerospace, and defense industries that demand high-strength, boron-alloyed steels. In 2024, U.S. raw steel production reached 88 million net tons. Infrastructure modernization projects and renewable energy developments further increase ferroboron consumption. The focus on lightweight, durable materials for electric vehicles and industrial machinery supports market growth. Strong R&D initiatives in metallurgy and material science encourage innovation in ferroboron applications. Additionally, government policies promoting sustainable and high-performance materials strengthen long-term demand.

Canada contributes to ferroboron market growth through its steel manufacturing and construction sectors, where boron-alloyed steels enhance strength and corrosion resistance. Rising infrastructure projects, including transportation and energy-related developments, drive demand for durable metallurgical materials. The automotive and machinery sectors also increasingly adopt ferroboron-enhanced steels for performance and efficiency. Government incentives for sustainable and energy-efficient materials further support market adoption. Canada’s strategic import and distribution networks ensure steady availability, bolstering market stability.

Europe Market Insights

Europe supports ferroboron market expansion through its advanced engineering, automotive, and renewable energy sectors, particularly wind turbine and high-performance steel manufacturing. Strict environmental and quality regulations encourage the use of alloying materials that improve efficiency and durability, strengthening ferroboron demand. The presence of major specialty steel producers and ongoing investments in green steel technologies further contribute to market growth. Infrastructure modernization across Germany, France, and other EU nations adds to consumption potential. Additionally, the region’s focus on recycling and circular metallurgy enhances long-term opportunities for ferroboron applications.

Germany drives the ferroboron market due to its strong specialty steel and automotive industries, which rely on boron-alloyed steels for high-strength and wear-resistant applications. Investments in renewable energy, industrial machinery, and infrastructure projects create steady demand for ferroboron. The country’s focus on high-quality, eco-friendly steel production enhances the adoption of boron-containing alloys. Robust R&D and technological innovation in metallurgy further support market expansion. Additionally, Germany’s role as a major steel exporter strengthens its influence on the global ferroboron market.

France contributes to ferroboron market growth through its automotive, aerospace, and construction sectors, which utilize boron-alloyed steels for improved durability and performance. Government-led infrastructure projects and industrial modernization programs increase steel consumption, indirectly driving ferroboron demand. Emphasis on energy-efficient and sustainable materials supports the adoption of advanced alloying solutions. The country’s specialty steel producers leverage ferroboron to meet high-quality standards and regulatory requirements. Combined, these factors strengthen France’s position as a key European consumer in the global ferroboron market.

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Key Ferroboron Market Players:

    • A.M.P.E.R.E. alloys (France)
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AMG Chrome Limited (United Kingdom)
    • CRONIMET (Germany)
    • Eti Maden (Turkey)
    • JAYESH (India)
    • Liaoyang International Boronalloys (LIB) (China)
    • MTC Group
    • NIPPON DENKO CO., LTD. (Japan)
       

    The global ferroboron market is expected to experience intense competition over the forecast period, driven by the presence of both established players and new entrants. While the market is moderately fragmented, emerging companies pose strong competitive pressure, limiting the revenue share of existing participants. Specialized manufacturers maintain a competitive edge through niche offerings and technological expertise. Additionally, key players benefit from government support for research and innovation, which fosters product development and strengthens their market positions. Overall, the combination of new entrants, specialized producers, and regulatory backing creates a dynamic and competitive market environment.

    Corporate Landscape of the Global Ferroboron Market

    • A.M.P.E.R.E. alloys specialize in the production of ferroalloys, including ferroboron, serving steel manufacturers and specialty alloy producers. The company focuses on high-quality, consistent products that enhance steel hardness and wear resistance. It caters to automotive, construction, and industrial sectors requiring high-strength steels. Continuous investment in R&D allows the company to innovate alloy formulations and improve production efficiency. Its strong presence in Europe supports regional demand and exports to global markets.
    • AMG Chrome Limited is a key player in ferroalloy production, supplying ferroboron and other specialty alloys for the steel and metal industries. The company emphasizes sustainable manufacturing processes and high product purity. Its offerings support automotive, aerospace, and industrial machinery applications where high-strength and wear-resistant steels are required. AMG Chrome leverages advanced technology to ensure consistent quality and global competitiveness. The company’s strategic location in the UK facilitates distribution across Europe and other international markets.
    • Eti Maden is a state-owned Turkish company and one of the largest boron producers worldwide, supplying ferroboron and other boron compounds. The company leverages Turkey’s rich boron reserves to provide high-purity, cost-effective products for the steel and alloy industries. Its ferroboron is used to improve strength, wear resistance, and durability in automotive, construction, and industrial applications. Continuous research and development efforts enhance product performance and application scope. Eti Maden’s strong regional presence and export capacity make it a critical supplier in the global ferroboron market.
    • JAYESH is an Indian ferroalloy manufacturer specializing in ferroboron for steel and specialty alloy applications. The company focuses on producing high-quality ferroboron that enhances steel hardness, strength, and corrosion resistance. Its products cater to automotive, construction, and industrial sectors, supporting high-performance steel requirements. JAYESH invests in modern manufacturing facilities to maintain consistent quality and cost efficiency. Its position in India allows it to serve growing domestic demand and participate in regional export markets.
    • CRONIMET is a German-based metals and ferroalloys producer, providing high-grade ferroboron to steelmakers and specialty alloy manufacturers. The company is known for integrating recycling and sustainable sourcing in its production processes. CRONIMET serves sectors including automotive, construction, and heavy machinery, enhancing steel properties through boron alloying. Strong technical expertise allows for customized solutions for different metallurgical requirements. Its European base and global trade networks support widespread market reach.

Recent Developments

  • In November 2025, AMG Critical Materials N.V. reported third-quarter revenue of $435 million, marking a 22% increase compared to $356 million in the same period of 2024. The company achieved an adjusted EBITDA of $64 million, a 58% rise from $40 million in Q3 2024, driven primarily by strong performance in the AMG Technologies segment.
  • Report ID: 8263
  • Published Date: Nov 21, 2025
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Frequently Asked Questions (FAQ)

In 2025, the industry size of the ferroboron market was over USD 4,15,738.42 thousand.

The global ferroboron market size was valued at USD 4,15,738.42 thousand in 2025 and is projected to reach USD 7,36,817.69 thousand by the end of 2036, rising at a CAGR of 5.19% during the forecast period (2026-2036). In 2026, the industry size of ferroboron is expected to be USD 4,44,404.16 thousand.

The major players in the market are MTC, JAYESH, Eti Maden, AMG Chrome Limited, and CRONIMET.

The medium-carbon segment is anticipated to garner the largest market share by 2036 and display lucrative growth opportunities during 2026-2036.

Asia-Pacific excluding Japan is expected to grow at a market share of 46.35% by 2036.

Ferroboron Market Report Scope

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