Press release
Ferroalloy Market 2024 Key Players Eurasian Natural Resources Corp., Sinosteel Jilin, S.C. Feral, China Minmetals, Shanghai Shenjia, ArcelorMittal, Jindal Group, Ferro Alloys Corporation and Tata Steel
Ferroalloy Market
Request sample copy of this report @
https://www.gminsights.com/request-sample/detail/1159
The rapidly growing automotive sector is expected to act as a major catalyst for the expansion of Ferroalloy Market. Iron alloys are extensively used to manufacture various grades of steel such as stainless steel, carbon steel, alloy steel, and tool steel. The rising demand for steel in various end-use sectors such as automotive and chemicals and the high abundancy of iron ore are anticipated to be major drivers for ferroalloy industry. As per estimates, global ferroalloy market size will cross USD 65 billion by 2024, growing at a CAGR of 6% over 2016-2024.
Ferroalloys are heavily used in the production of steel. Global steel market was worth more than 1.5 billion tons in 2015, in terms of volume, and is expected to register a growth rate of 5% over 2016-2024. The surging demand for steel in medical & chemical equipment and automotive parts will inevitably lead to a massive demand for ferroalloy industry. Ferrochrome alloy, especially, is one of the most extensively used products in the manufacturing process of stainless steel.
These alloys, with varied quantities of chromium are used to impart the features such as rust endurance that enhances the physical properties of stainless steel, segmenting their global demand, and thereby providing a positive impetus to ferroalloy market. Pertaining to its heavy end-use spectrum, ferrochrome held more than 33% of the overall ferroalloy market in 2015 and is slated to experience a growth rate of nearly 6% over 2016-2024.
Browse Complete Report Summary @
https://www.gminsights.com/industry-analysis/ferroalloy-market
The application array of ferroalloy industry is inherently distinct. These alloys find applications in the production of stainless steel, alloy steel, and carbon steel. Stainless steel, among these, is one of the most widely used alloys and finds applications in architectural design, automotive parts, food and beverage containers, household products and utensils, bolts, nuts, & screws, and underground and underwater pipelines. Stainless steel held more than 75% of the overall ferroalloy market in 2015 and is anticipated to experience a CAGR of 6% over 2016-2024.
Partial Chapter of the Table of Content
Chapter 3. Ferroalloy Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Growing steel demand in various end-user industries
3.4.1.2. Booming construction industry in BRICS nations
3.4.1.3. Growing water treatment industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. High operational cost and strict environmental regulations
3.5. Growth potential analysis
3.6. Raw material trends
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Porter’s analysis
3.9. Company market share analysis, 2015
3.9.1. Strategic landscape
3.10. PESTEL analysis
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.2. Raw material trends
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1159
Chapter 4. Ferroalloy Market, By Product
4.1. Ferroalloy market share by application, 2015 & 2024
4.2. Ferrochrome
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Ferromanganese
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Ferrosilicon
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
Several governmental and regulatory bodies across the globe have mandated certain rules and norms pertaining to mining processes on account of the environmental impact of these industrial procedures. For instance, the EPA implemented the Iron and Steel Effluent Guidelines and Standards in 1974 and had it amended several times until 2005. A rise in these regulatory norms may slightly hinder ferroalloy market over the years to come.
However, the application scope of these alloys is extensively vast – the products are used majorly in industrial development, such as tubes, forgings, springs, railways, etc. On these grounds, it would be safe to declare that the growth graph of ferroalloy industry is slated to increase exponentially over the coming seven years.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ferroalloy Market 2024 Key Players Eurasian Natural Resources Corp., Sinosteel Jilin, S.C. Feral, China Minmetals, Shanghai Shenjia, ArcelorMittal, Jindal Group, Ferro Alloys Corporation and Tata Steel here
News-ID: 1163147 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Ferroalloy
Ferroalloy Market: Evolving Market Trends & Dynamics 2025
Global Ferroalloy Market: Snapshot
Ferroalloys are alloys of iron composed with high proportion of elements such as silicon, aluminum, or manganese, used in production of alloys and steels. Manufactured through blast furnace or electric arc, ferroalloys are used to eradicate oxygen during production of steel and iron, and can be used to manufacture products such as road rails, automobile bodies, cutlery, dairy equipment, hand railings, and watch bodies.
Get Brochure of the…
Ferroalloy Market | Growth, Trends, and Forecast 2025
Global Ferroalloys Market: Snapshot
Owing to the lack of a viable alternative that can meet the diverse applications, the future of the global ferroalloys market is healthy, expanding at an estimated CAGR of 5.9% during the forecast period of 2017 to 2025. The prosperity of the building and construction industry in a number of emerging economies is another key driver of the global ferroalloys market, wherein the development of lightweight and…
Ferroalloy Market Research Report 2019 | Global Key Player; ArcelorMittal, Tata …
The Ferroalloy Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the Ferroalloy Market share and the information pertaining to the regulatory norms that impact the…
Ferroalloy Market Report 2019–24 | Top Players ArcelorMittal, Tata Steel, Chin …
The Ferroalloy Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the Nanocellulose Market share and the information pertaining to the regulatory norms that impact the…
Noble Ferroalloy Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Noble Ferroalloy Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Noble Ferroalloy players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Noble Ferroalloy with respect to individual growth…
Ferroalloy Market 2024: Key Players Ferro Alloys Corporation Limited, Nikopol Fe …
Rapidly growing construction industry in the BRICS nations will likely be another important factor that will positively influence the global ferroalloy market in the upcoming years. Growing population coupled with developing economies of these regions on the account of government initiatives and private investments has augmented the overall construction industry since the economic downturn and will likely flourish at a healthy rate. Moreover, events such as Olympic and Commonwealth Games,…
