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

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

Report Format: PDF+Excel | Report ID: SR112023A3603
Buy Now

Market Overview:

The global ferromanganese market is expected to exhibit a CAGR of 4.4% 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.

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 2022-2027. 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
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)


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?

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Ferromanganese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More