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Ferro Alloys Market – Growth, Size, Share, Trends, Forecast and Competitive Landscape 2019 – 2023
Global Ferro Alloys Market Information- by Types (Ferrochromium, Ferromanganese, Ferromolybdenum, Ferronickel, Ferrosilicon, Ferrotitanium, Ferrotungsten, Ferrovanadium, and Others), by Application (Road Rails, Automobile Bodies, Cutlery, Metallurgy, and Others), and by Region - Forecast till 2022
Ferro Alloys Market Overview:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Ferro Alloys market size is expected to grow at 59.4 Bn by 2022. The market witnessed a significant growth over the forecasted period owing to growing applications such as road rails, automobile bodies, cutlery, metallurgy, and others across various industries.
Also called the alloy of iron metal, ferro alloys have one or above chemical additives that are added to molten iron to make steel. It serves a vital function in the steelmaking’s overall process by improving the iron metal’s general properties. Steel making is a key consumer of ferro alloys which consumes a major part of the complete ferroalloys that is produced across the world.
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Ferro Alloys Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global Ferro Alloys market:
- Tata Steel FAMD (India)
- Maithan Alloys Ltd (India)
- FACOR Group (India)
- Georgian American Alloys, Inc. (US)
- Atc Alloys Limited (Australia)
- Chengdu Huarui Industrial Co., Ltd. (China)
- Vietnam Youngsun Tungsten Industry Co., Ltd (China)
- Eramet Marietta Inc. (US)
- Felman Production LLC (US)
- Anyang Mingrui Inductry Co., Ltd (China)
Ferro Alloys Market Segment Analysis:
The global ferro alloy market has been segmented into by types and by application. On the basis of types, the market has been divided into ferrochromium, ferromanganese, ferromolybdenum, ferronickel, ferrosilicon, ferrotitanium, ferrotungsten, ferrovanadium, and others. Among these types, ferromanganese, silicomanganese and ferrochrome have cover the largest market followed by ferronickel, ferrovanadium and others. The leading ferro alloys producing countries are China, South Africa, India, Russia, and Kazakhstan.
According to USGS report these five countries accounted for 84% of world ferroalloy production. In which ferromanganese is highly demanding material due to large requirement in stainless steel industry, this is an important end-use industry for ferromanganese.
Ferromanganese and silicomanganese are essential ferro alloys for steel market. In all off these Ferromanganese has the biggest market share followed by Ferrosilicon, Silicomanganese alloy, and ferrochromium alloy.
Ferro Alloys Market Regional Insights:
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Ferro Alloys market is largest market owing to robust industry growth of application industry in China and India. Increasing Ferro Alloys production for manufacturing in steels and ferrous alloy expected to boost the market demand. Europe witnessed a second stagnant growth owing to robust ferro alloys market. North America witnessed a positive growth over the forecasted period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Ferro Alloys Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Ferro Alloys Market
Ferro Alloys Market Table of Content to be Continue…….,
Ferro Alloys Market List of Table:
Table 1 World Population: By Major Regions (2015 To 2030) (Million)
Table 2 Global Ferro Alloys Market: By Region, 2014-2022 (USD Million)
Table 3 North America Ferro Alloys Market: By Country, 2014-2022 (USD Million)
Table 4 Europe Ferro Alloys Market: By Country, 2014-2022 (USD Million)
Table 5 Asia-Pacific Ferro Alloys Market: By Country, 2014-2022 (USD Million)
Ferro Alloys Market List of Table to be Continue…….,
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