Ferroalloys, alloys of iron with one or more other elements added to steel melts, are used to impart distinctive qualities to steel or to serve important functions during steel refning, such as control of inclusions, deoxidation, and desulfurization. Ferroalloys are used in lesser amounts to produce cast iron and nonferrous alloys. Ferroalloys can be divided into bulk ferroalloys and noble ferroalloys (also called special or specialty ferroalloys).
Ferroalloys has relatively dispersive and technical barriers are low. Coke and Ore are the main raw materials, there are lots of coke manufacturers and the concentration of coke is dispersive. The main market players are Glencore, Eurasian Resources Group, Tsingshan Holding Group, Samancor Chrome, Erdos Group, etc. The global production of Ferroalloys will increase to 59106 K MT in 2018 from 48045 K MT in 2014 with CAGR of 4.23%.In consumption market, China is the largest areas of Ferroalloys consumption, the consumption volume of Ferroalloys reached 22558 K MT. In 2018, United States and Middle East are in the second and third position and the consumption volume of Ferroalloys reached 4461 K MT and 3425 K MT.
Ferroalloys has many applications, which include Deoxidizer, Desulfurizer and Alloying element additive. Deoxidizer is the main application, the production of Deoxidizer is 41932 K MT in 2018 and occupied 74.25% market share.
The Global Ferroalloys Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
It also includes Market size and forecast by each application segment in terms of volume for the period 2021-2026.
In the global Ferroalloys Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Glencore
Eurasian Resources Group
Tsingshan Holding Group
Samancor Chrome
Erdos Group
Jiangsu Delong Nickel Industry
Nikopol Ferroalloy Plant
Shandong Xinhai Technology
Henan Xibao Metallurgy Metarials Group
Sheng Yan Group
Outokumpu
Shengyang Group
OM Holdings
Sakura Ferroalloys
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Silicon Manganese
Ferrochrome
Ferro Nickel
Others
In Market segmentation by applications :
Deoxidizer
Desulfurizer
Alloying Element Additive
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Ferroalloys Market for the forecast period 2020 - 2026?
• What are the driving forces in the Ferroalloys Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Ferroalloys industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?