Ferromanganese Market Report by Grade (High Carbon Ferromanganese, Refined Ferromanganese), Application (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, and Others), and Region 2024-2032

Ferromanganese Market Report by Grade (High Carbon Ferromanganese, Refined Ferromanganese), Application (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3603
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Market Overview:

The global ferromanganese market is expected to exhibit a growth rate (CAGR) of 4.1% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 4.1%


Ferromanganese is an iron alloy consisting of high percentages of manganese. It is produced with carbothermal reduction using coal and coke in blast or submerged arc furnaces. It is widely used as a deoxidizer and desulfurizer for the production of steel and iron. Ferromanganese is commonly available in high, medium and low carbon variants. They exhibit high tensile strength, durability, heat resistance and antioxidant properties and are also used for countering the effects of sulfur. As a result, ferromanganese finds extensive applications across various industries, such as automotive, construction, and aerospace and defense. 

Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, the increasing demand for stainless steel across industries is also driving the market growth. Ferromanganese is widely used as a substitute for nickel in the manufacturing of stainless steel with improved workability, tensile strength, toughness and resistance to abrasion. In line with this, the rising demand for low carbon ferromanganese in the welding industry is also contributing to the market growth. Moreover, the widespread adoption of high and medium carbon ferromanganese across industries is acting as another major growth-inducing factor. They are widely used as heat-resistant antioxidant and desulphurizing agents in metallurgy and chemical industries. Additionally, various innovations in the manufacturing, processing and refining processes of ferromanganese are favoring the market growth. Other factors, including extensive infrastructural developments, especially in the developing countries, along with various research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ferromanganese market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on grade and application.

Breakup by Grade:

  • High Carbon Ferromanganese
  • Refined Ferromanganese
     

Breakup by Application:

  • Carbon 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 China Minmetals Group Co. Ltd., Eramet Group, Eurasian Resources Group, Ferroglobe (Grupo Villar Mir, S.A.U.), Gulf Manganese Corporation Limited, Jiaocheng Yiwang Ferroalloy Co Ltd., OM Holdings Ltd., Sakura Ferroalloys Sdn. Bhd. (Assmang Proprietary Limited), South32, Tata Steel Ltd. and Vale S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Grade, 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 China Minmetals Group Co. Ltd., Eramet Group, Eurasian Resources Group, Ferroglobe (Grupo Villar Mir, S.A.U.), Gulf Manganese Corporation Limited, Jiaocheng Yiwang Ferroalloy Co Ltd., OM Holdings Ltd., Sakura Ferroalloys Sdn. Bhd. (Assmang Proprietary Limited), South32, Tata Steel Ltd. and Vale S.A
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report:

  • How has the global ferromanganese market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global ferromanganese market?
  • What are the key regional markets?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global ferromanganese market and who are the key players?
  • What is the degree of competition in the industry?

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Ferromanganese Market Report by Grade (High Carbon Ferromanganese, Refined Ferromanganese), Application (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, and Others), and Region 2024-2032
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