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Ferroalloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ferroalloys market reached a value of US$ 71 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 105 Billion by 2027, exhibiting a CAGR of 7.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Ferroalloys refer to iron-based alloys formed by the carbothermic reaction process. Some of the commonly used ferroalloys include ferromanganese, ferrochromium, ferromolybdenum, ferrovanadium, ferrotitanium, ferroboron and ferrophosphorus. They are used as additives for enhancing the functional properties, such as resistance to abrasion, oxidation and erosion the improving tensile strength, durability and magnetism, of various metals. It is also in the manufacturing of switches, wires, automobile radiators, water heaters, refrigerators, metal casings and chemical processing equipment. As a result, they find extensive applications across various industries, such as automotive, residential, commercial and transportation.

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Ferroalloys are used for the manufacturing of various automobile components to optimize fuel consumption and increase the overall efficiency of the vehicle. Furthermore, widespread utilization of ferrochromium for the fabrication of stainless steel is providing a thrust to the market growth. Ferroalloys acts as a desulfurizing and deoxidizing agent to increase the hardenability of the steel and promote solid-solution strengthening. In line with this, ferrosilicon is also used for the production of cast iron, which is further used for various industrial applications. Additionally, the adoption of electric arc furnaces (EAF) from blast furnaces for the processing of ferroalloys is acting as another growth-inducing factor. EAFs are highly cost-effective and require minimal power requirements to produce steel from the metal feedstock. Other factors, including extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ferroalloys market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.

Breakup by Product:

  • Ferrochrome
  • Ferromanganese
  • Ferro Silicomanganese
  • Ferrosilicon
  • Others
     

Breakup by Application:

  • Carbon and Low Alloy Steel
  • Stainless Steel
  • Alloy Steel
  • Cast Iron
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arcelor Mittal S.A., Brahm Group, China Minmetals Group Co. Ltd., Glencore plc, Gulf Ferro Alloys Company (SABAYEK), Jindal Group, Nikopol Ferroalloy Plant, OM Holdings Ltd., SC Feral Srl, Chandrapur Ferro Alloy Plant (CFP) (SAIL), Samancore Chrome Limited and Tata Steel Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arcelor Mittal S.A., Brahm Group, China Minmetals Group Co. Ltd., Glencore plc, Gulf Ferro Alloys Company (SABAYEK), Jindal Group, Nikopol Ferroalloy Plant, OM Holdings Ltd., SC Feral Srl, Chandrapur Ferro Alloy Plant (CFP) (SAIL), Samancore Chrome Limited and Tata Steel Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Ferroalloys Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Ferrochrome
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ferromanganese
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Ferro Silicomanganese
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Ferrosilicon
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Application
    7.1    Carbon and Low Alloy Steel
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Stainless Steel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Alloy Steel
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cast Iron
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Arcelor Mittal S.A.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Brahm Group
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 SWOT Analysis
        13.3.3    China Minmetals Group Co. Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 SWOT Analysis
        13.3.4    Glencore plc
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 SWOT Analysis
        13.3.5    Gulf Ferro Alloys Company (SABAYEK)
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 SWOT Analysis
        13.3.6    Jindal Group
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 SWOT Analysis
        13.3.7    Nikopol Ferroalloy Plant
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 SWOT Analysis
        13.3.8    OM Holdings Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 SWOT Analysis
        13.3.9    SC Feral Srl
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Chandrapur Ferro Alloy Plant (CFP) (SAIL)
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    Samancore Chrome Limited
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Tata Steel Limited
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
           13.3.12.3 Financials
           13.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Ferroalloys Market: Major Drivers and Challenges
Figure 2: Global: Ferroalloys Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ferroalloys Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ferroalloys Market: Breakup by Product (in %), 2021
Figure 5: Global: Ferroalloys Market: Breakup by Application (in %), 2021
Figure 6: Global: Ferroalloys Market: Breakup by Region (in %), 2021
Figure 7: Global: Ferroalloys (Ferrochrome) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Ferroalloys (Ferrochrome) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Ferroalloys (Ferromanganese) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Ferroalloys (Ferromanganese) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Ferroalloys (Ferro Silicomanganese) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Ferroalloys (Ferro Silicomanganese) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Ferroalloys (Ferrosilicon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Ferroalloys (Ferrosilicon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Ferroalloys (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Ferroalloys (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Ferroalloys (Carbon and Low Alloy Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Ferroalloys (Carbon and Low Alloy Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Ferroalloys (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Ferroalloys (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Ferroalloys (Alloy Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Ferroalloys (Alloy Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Ferroalloys (Cast Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Ferroalloys (Cast Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Ferroalloys (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Ferroalloys (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Ferroalloys Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Ferroalloys Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Ferroalloys Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Ferroalloys Industry: SWOT Analysis
Figure 77: Global: Ferroalloys Industry: Value Chain Analysis
Figure 78: Global: Ferroalloys Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Ferroalloys Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ferroalloys Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Ferroalloys Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Ferroalloys Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Ferroalloys Market: Competitive Structure
Table 6: Global: Ferroalloys Market: Key Players


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Key Questions Answered in This Report

The global ferroalloys market was valued at US$ 71 Billion in 2021.

We expect the global ferroalloys market to exhibit a CAGR of 7.3% during 2022-2027.

The growing utilization of ferroalloys as additives for enhancing the functional properties of metals,
such as resistance to abrasion, durability, magnetism, etc., is primarily driving the global ferroalloys
market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous sectors,
such as automotive, residential, commercial, transportation, etc., for ferroalloys.

Based on the product, the global ferroalloys market has been segmented into ferrochrome,
ferromanganese, ferro silicomanganese, ferrosilicon, and others. Among these, ferromanganese
represents the largest market share.

Based on the application, the global ferroalloys market can be bifurcated into carbon and low alloy
steel, stainless steel, alloy steel, cast iron, and others. Currently, stainless steel accounts for the
majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global ferroalloys market include Arcelor Mittal S.A., Brahm Group,
China Minmetals Group Co. Ltd., Glencore plc, Gulf Ferro Alloys Company (SABAYEK), Jindal Group,
Nikopol Ferroalloy Plant, OM Holdings Ltd., SC Feral Srl, Chandrapur Ferro Alloy Plant (CFP) (SAIL),
Samancore Chrome Limited, and Tata Steel Limited.

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