Ferrochromium or ferrochrome, is an alloy of iron and chromium-containing 50 to 70% of chromium. It is produced by the electric arc melting of chromium ore and chromite. Ferrochromium is consumed extensively in steel manufacturing to achieve corrosion resistance, tensile strength, heat resistance, and yield strength.
MARKET DYNAMICS
The ferrochromium market has witnessed significant growth due to rising demand for the chemical and steel industry. Moreover, the increasing research and development activities provide a huge market opportunity for the key players operating in the ferrochromium market. However, strict government regulations are projected to hamper the overall growth of the ferrochromium market.
MARKET SCOPE
The "Global Ferrochromium Market Analysis to 2028"? is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ferrochromium market with detailed market segmentation form, application, and geography. The global ferrochromium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ferrochromium market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ferrochromium market is segmented on the basis of form and application. On the basis of form, the global ferrochromium market is divided into ferrochromium slag and ferrochromium powder. On the basis of application, the global ferrochromium market is divided into ball bearing steels, acid resistant steels, cast irons, powder metallurgy and others (civil engineering, refractory materials)
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ferrochromium market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ferrochromium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ferrochromium market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ferrochromium market in these regions.
MARKET PLAYERS
The reports cover key developments in the ferrochromium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from ferrochromium market is anticipated to lucrative growth opportunities in the future with the rising demand for ferrochromium in the global market. Below mentioned is the list of few companies engaged in the ferrochromium market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ferrochromium market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aarti Steels Ltd
- Balasore Alloys Limited
- Nava Bharat Ventures Limited
- SR Group
- VISA STEEL
- Vyankatesh Metals & Alloys Pvt. Ltd
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.