Press release
Ferro Chrome Market Applications, Key Developments, Trends and Forecast by 2025
In terms of consumption side, this report focuses on the consumption of Ferro Chrome by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Ferro Chrome is an alloy of chromium and iron containing between 50% and 70% chromium. The Producer of stainless steel & tool steel are the largest consumer of ferrochrome and charge chrome. It is chromium that confers upon stainless steel its remarkable corrosion resistance.
Ferro Chrome production has relatively dispersive and technical barriers are low. The main market players are Glencore-Merafe, Eurasian Resources Group, Samancor Chrome, Hernic Ferrochrome, IFM, FACOR, Mintal Group, Tata Steel, IMFA, Shanxi Jiang County Minmetal, Jilin Ferro Alloys, Ehui Group and Outokumpuetc. The global production of Ferro Chrome increased to 12136 K MT in 2016 from 9512 K MT in 2011 with CAGR of 4.99%.
In consumption market, the China is also the largest areas of Ferro Chrome consumption with CAGR 8.03% from 2011 to 2016. In 2015, the Asia (Ex China and India) and Europe are in the second and third position and the consumption volume of Ferro Chrome reached 2368 K MT and 1944 K MT. In 2015, China occupied 54.86%, Europe occupied 16.93% and the Asia (Ex China and India) occupied 18.33%. The three regions are the main Ferro Chrome consumption regions.The Ferro Chrome market was valued at 11800 Million US$ in 2017 and is projected to reach 13300 Million US$ by 2025, at a CAGR of 1.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ferro Chrome.
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This report includes the following manufacturers; we can also add the other companies as you want.
Glencore-Merafe
Eurasian Resources Group
Samancor Chrome
Hernic Ferrochrome
IFM
FACOR
Mintal Group
Tata Steel
IMFA
Shanxi Jiang County Minmetal
Jilin Ferro Alloys
Ehui Group
Outokumpu
Market Segment by Product Type
High Carboon Type
Low Carbon Type
Market Segment by Application
Stainless Steel
Engineering & alloy steel
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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