Press release
Ferrotitanium Market will reach 270 million US$ in 2023
Ferrotitanium is a ferroalloy composed of titanium and iron, with occasional trace carbon. It was first discovered in 1798 by W. Gregor and was partially purified by H. Moissan in 1895.
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Global Ferrotitanium Market: Forecast by Type / Application / Region
Ferrotitanium is a ferroalloy used primarily in steelmaking. There are two main grades of ferrotitanium, the first containing approximately 35% titanium and the second containing roughly 70% titanium. The 35% grade is produced via an aluminothermic reaction while the 70% grade is produced by melting titanium scrap and iron in an induction furnace. Currently, ferrotitanium 70% is the major type which account for 68.57% of global consumption in 2018. As for price, ferrotitanium 70% sales price is much higher than that of other type. In 2017, average sales price of ferrotitanium 70% is about 4381 USD/MT.
Currently, ferrotitanium manufacture process is mature and there are many suppliers all over the world. Global major suppliers include Global Titanium, AMG Superalloys UK, Arconic, Metalliage, VSMPO-AVISMA, Kluchevskiy Ferroalloy Plant, Mottram, Cronimet, ZTMC, Bansal Brothers, OSAKA Titanium, Guotai Industrial, Jinzhou Guangda Ferroalloy and Hengtai Special Alloy etc. AMG Superalloys UK is market leader in ferrotitanium industry.
The worldwide market for Ferrotitanium is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 270 million US$ in 2023, from 220 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
Global Titanium
AMG Superalloys UK
Arconic
Metalliage
VSMPO-AVISMA
Kluchevskiy Ferroalloy Plant
Mottram
Cronimet
ZTMC
Bansal Brothers
OSAKA Titanium
Guotai Industrial
Jinzhou Guangda Ferroalloy
Hengtai Special Alloy
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Related Information:
United States Ferrotitanium Market 2018 Forecast to 2023
Europe Ferrotitanium Market 2018 Forecast to 2023
North America Ferrotitanium Market 2018 Forecast to 2023
Asia-Pacific Ferrotitanium Market 2018 Forecast to 2023
China Ferrotitanium Market 2018 Forecast to 2023
EMEA Ferrotitanium Market 2018 Forecast to 2023
Global Ferrotitanium Market 2018 Forecast to 2023
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