Press release
Ferroalloy Market 2020 Trends | Jindal Group, ArcelorMittal, Ferro Alloys Corporation Limited
Ferroalloy Market
During the period of 2018-2025, the Ferroalloy Market is anticipated to expand with a CAGR of 5.5 %. The rapidly growing automotive sector is expected to act as a major catalyst for the expansion of ferroalloy market.
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During the period of 2018-2025, the Ferroalloy Market is anticipated to expand with a CAGR of 5.5 %. 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Ferro Alloys Corporation Limited
o Eurasian Natural Resources Corporation PLC
o Nikopol Ferroalloy Plant
o S.C. Feral S.R.L.
o Jindal Group
o Georgian American Alloys Inc.
o China Minmetals Corporation
o Tata Steel Limited - Ferro Alloys & Minerals Division
o Shanghai Shenjia Ferroalloys Co. Ltd.
o ArcelorMittal
o OM Holdings Ltd.
o Sinosteel Jilin Ferroalloy Corporation Limited
o LEMETCO GmbH
o MidUral Group
o Sakura Ferroalloys Sdn Bhd
o Pertama Ferroalloys Sdn. Bhd.
Ferroalloys are heavily used in the production of steel. According to experts, the global steel market is poised for immeasurable growth in the ensuing years, in terms of volume. The surging demand for steel in medical & chemical equipment and automotive parts will inevitably lead to a massive demand for the ferroalloy industry.
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The massively growing automotive sector across Asia Pacific will drive the regional ferroalloy industry. In addition, the rapid industrialization and the growth of the construction and shipbuilding sectors across the region will also augment the business expansion. APAC ferroalloy market is forecast to observe a CAGR of 5% over 2018-2025.
The extensive utilization of steel in infrastructural developments and the huge availability of iron ore deposits will impel the regional ferroalloy industry. Japan, India, and China are slated to be the major revenue pockets.
Speaking of the growing automotive sector, Europe is not far behind when it comes to the expansion of ferroalloy market. This is primarily due to the highly-established automotive sector in Germany that is consistently co-dependent on the steel sector.
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