Ferrosilicon refers to a type of ferroalloy. It is an alloy of silica and iron containing about 15% to 90% of silicon. Ferrosilicon is a type of heat blocker that is used for the production of stainless steels and carbon. It is used in production of cast iron as it can accelerate graphitization. It is also added to the alloys for improving the physical properties of the new compound such as corrosion and heat resistance. Ferrosilicon possess various physical properties like resistance to abrasion, high magnetism and high specific gravity.
MARKET DYNAMICS
The growing adoption of ferrosilicon for the production of steel and metal alloys drives the market for ferrosilicon. Besides this, the application of ferrosilicon to improve the corrosion resistance, hardness and tensile strength of steel and the huge demand for steel in automotive, construction and manufacturing industry, drives the growth of ferrosilicon market. However, availability of alternatives like ferro aluminum, ferro chromium and ferro magnesium restricts the market for ferrosilicon. Rising demand for renewable energy and rising investment in steel sector are expected to bolster well the market for ferrosilicon market in the near future.
MARKET SCOPE
The "Global Ferrosilicon Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ferrosilicon market with detailed market segmentation by application, end use and geography. The global ferrosilicon market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ferrosilicon market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ferrosilicon market is segmented on the basis of application and end use. On the basis of application, the ferrosilicon market is segmented into inoculant and deoxidizer. As per end use the market is broken into carbon & other alloy steel, stainless steel, electrical steel, cast iron and others.
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 ferrosilicon market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ferrosilicon 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 ferrosilicon 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 ferrosilicon market in these regions.
MARKET PLAYERS
The reports cover key developments in the ferrosilicon 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 payers from ferrosilicon market are anticipated to lucrative growth opportunities in the future with the rising demand for ferrosilicon market in the global market. Below mentioned is the list of few companies engaged in the ferrosilicon market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ferrosilicon 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.
- DMS Powders (Pty) Ltd.
- Elkem AS
- Eurasian Resources Group S.? r.l.
- Ferroglobe
- Iran Ferroalloy Industries Company
- Marubeni Tetsugan Co. Ltd.
- Mechel
- Rhodium Ferro Alloys Pvt. L
- Russian Ferro Alloys Inc.
- SC Feral Srl
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