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Ferroalloys Market 2018 By Regional Manufacturers ArcelorMittal, Tata Steel, China Minmetals Corporation, Jindal Group, Ferroalloy Corporation Limited, S.C. Feral, Shanghai Shenjia , Sakura Ferroalloys, Nikopol, and Eurasian Natural Resources Corp
Ferroalloy Market
The key players in the market are OM Holdings, SAIL, Gulf Ferroalloys Company, Pertama Ferroalloys Brahm Group, Arcelor Mittal, Tata Steel, China Minmetals Corporation, Jindal Group, Ferroalloy Corporation Limited, S.C. Feral, Shanghai Shenjia , Sakura Ferroalloys, Nikopol, and Eurasian Natural Resources Corporation.
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Ferroalloys Market size will surpass USD 70 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing construction industry in emerging economies of Asia Pacific region is one of the prominent factors influencing the growth of ferroalloy market in a positive manner.
Rising population levels along with growth in per capita income in the region due to legislative decisions taken by governments have propelled overall construction sector in recent years. Ease of doing business index of many countries has improved in the region and this will boost the morale of private sector companies to invest extensively in order to reap greater profits from this resourceful market.
- Ferroalloys Market by Application
• Carbon Steel
• Alloy Steel
• Stainless Steel
• Others
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Construction industry accounts almost half of steel consumption and the presence of enormous raw material reserves in Asia Pacific will further augment the product demand in steel production. In India about USD 650 billion of investment is estimated in urban infrastructure for the next 20 years. With improving construction methods, use of various steel products is expected to increase in the developing countries. The above-mentioned trends are expected to continue and will catapult ferroalloys market demand over forecast time period.
On the basis of product, ferroalloys market is segmented into ferromanganese, ferrochrome, ferro silicon, ferro silicon manganese and others. The others segment includes noble alloys such as ferronickel, ferro titanium, etc. Among these ferro silicon segment will cross USD 10 billion, showing a moderate growth rate over the forecast timespan. This is due to its ability to prevent carbon loss during steel production. It is widely used as a deoxidizer as well. Ferrosilicon has end-use in various industries such as metallurgical, chemical, electrical and electronics.
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Based on application, the market is categorized into alloy steel, stainless steel, carbon steel and others. Among these, carbon steel shows a decent growth rate and will likely generate about USD 25 billion for the ferroalloy market in 2025. Carbon steel is widely used for making structural components such as bolts and fasteners, and machinery parts such as body parts, crankshafts, sprocket assemblies, couplings, pins, rods, spindles, etc.
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.
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Global Market Insights, Inc.
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