openPR Logo
Press release

Ferroalloy Market to exceed $70 bn revenue by 2024 | ArcelorMittal, Tata Steel Limited – Ferro Alloys & Minerals Division, Jindal Group

Ferroalloy Market

Ferroalloy Market

Global Market Insights, Inc., forecasts that the ferroalloy market size may hit USD 70 billion by 2025 end, with surging demand across building and construction, automotive, and other applications and elevating need for steel across myriad sectors and industries.

Ferroalloys are massively used in the production of steel. In fact, according to industry professionals, the global steel market is poised for unprecedented growth in the upcoming years, in terms of volume. The surging demand for steel in chemical equipment and medical and automotive parts will certainly lead to a massive demand for the ferroalloy market.

Request for sample copy of this report @ https://www.gminsights.com/request-sample/detail/1159

The application spectrum of ferroalloy industry is inherently discrete and diverse. These alloys find applications in production of stainless steel, carbon steel, and alloy steel. Of these, stainless steel is one of the abundantly used alloys as it finds vivid applications in automotive parts, architectural designs, food and beverage containers, bolts, nuts, screws, household products, and water pipelines. However, one of the intrinsic applications of stainless steel is in automotive sector.

The growing automotive sector has extensively been using stainless steels for reducing the weight, enhancing safety, improving aesthetics, and minimizing the life cycle costs of the vehicles. Above that, characterized by impressive fire and corrosion resistance, these alloys ensure reliability and safety compared to other metals and alloys. These characteristics have given a push to the overall ferroalloy market expansion.

Growth drivers are -

1. Growing steel demand in various end-user industries
2. Booming construction industry in BRICS nations

Know about Market growth in New Research and its Top growing factors by Key Companies like

1. Ferro Alloys Corporation Limited
2. Eurasian Natural Resources Corporation PLC
3. Nikopol Ferroalloy Plant
4. S.C. Feral S.R.L.
5. Jindal Group
6. Georgian American Alloys Inc.
7. China Minmetals Corporation
8. Tata Steel Limited – Ferro Alloys & Minerals Division
9. Shanghai Shenjia Ferroalloys Co. Ltd.
10. ArcelorMittal
11. OM Holdings Ltd.
12. Sinosteel Jilin Ferroalloy Corporation Limited
13. LEMETCO GmbH
14. MidUral Group
15. Sakura Ferroalloys Sdn Bhd
16. Pertama Ferroalloys Sdn. Bhd.

Request for customization @ https://www.gminsights.com/roc/1159

Thriving automotive sector across Asia Pacific is expected to propel the regional ferroalloy market. Speaking on the similar lines, as per IBEF statistics, India established itself as the fourth largest auto market in 2018 with sales escalating at 8.3% y-o-y to 3.99 million units. This growth comes from consumer’s growing interest towards buying automobiles that are comparatively low on weight and deliver high fuel efficiency, in turn impelling the ferroalloy market across the region.

Apart automotive sector, rapid industrialization and growth of shipbuilding and construction sectors across the emerging economies in APAC are also estimated to augment the business expansion. The heightened utilization of steel in infrastructural developments and high feasibility of iron ore deposits would further enable APAC ferroalloy market to soar to new heights over the forthcoming years.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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.

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 to exceed $70 bn revenue by 2024 | ArcelorMittal, Tata Steel Limited – Ferro Alloys & Minerals Division, Jindal Group here

News-ID: 2111742 • Views: 369

More Releases from Global Market Insights, Inc.

Linear alpha olefins market size, share, trends, 2024, Key players are INEOS Oli …
The linear alpha olefins market report is a deep-dive collection of important deliverables. An inherent sub-vertical of the global chemical’s domain, the linear alpha olefins market has carved out quite a remunerative growth path in the recent years. The report enlists substantial details about this market with respect to its overall foothold in the chemical industry and how the product would find applications across major end-user sectors. Get sample copy of
N-hexyl alcohol market to hit USD 1.6 billion by 2024, key players are Sasol, Na …
Estimates claim that N-hexyl alcohol market valuation from food & beverage applications was worth USD 325 million in the year 2016 and is expected to register continuous growth during the estimated timeframe. Rising adoption of N-hexyl alcohol compounds as a flavoring agent for alcoholic beverages, fruits, and vegetables has bolstered product demand. Additionally, N-hexyl alcohol is utilized to develop additives for lubricants which are further used in food grain machine
Waterborne Coating Market: Global Industry Analysis, Growth, Trends and Forecast …
Global waterborne coating market is expected to expand at a considerable pace owing to high awareness of consumers towards the adoption of eco-friendly coatings. The product is considered a better choice for the environment and contains a less amount of solvent. Low toxicity due to less HAP emissions and VOC levels, alongside high water-content that helps in reducing air emissions, will augment the product demand over the forecast spell. Waterborne
Trend in automotive application to Asia Pacific expanded polyethylene foam marke …
Of late, expanded polyethylene foam has become a trendy petrochemical product in applications, ranging from automotive, construction, packaging, protective covers and sports goods. Eliminating cost of making expensive molds and offering tremendous cushion against vibrations, shocks and abrasion are some of the upsides that have encouraged emerging economies such as India, China, Vietnam and Malaysia to infuse funds in EPE for packaging goods, boost high thermal resistance and weight

All 5 Releases


More Releases for Ferro

Ferro Silicon Zirconium Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Ferro Silicon Zirconium Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-ferro-silicon-zirconium-market_p110162.html   Scope of the Report: The worldwide market for
Ferro electric Thin Film Capacitors Market 2018 Ferro Chem, Arichems, FOODCHEM
Global Ferro electric Thin Film Capacitors market 2018 by ReportsQuest presents a professional and complete analysis of on the current Industry situation. The Global report includes Ferro electric Thin Film Capacitors Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Ferro electric Thin Film Capacitors market players and the future prospects from various angles
Global Pigments Market 2017-2021 | BASF, DIC, Ferro, Heubach, LANXESS
Pigments are colored or colorless substances that are insoluble in the vehicle or medium in which they are incorporated. They are usually available in powder form and can be organic or inorganic. Pigments can be either derived from minerals or produced synthetically. Pigments are responsible for absorption and reflection of light, which decides the physical appearance of the substrate. Pigments are also known to retain color better than dyes. The
Global Ferro Manganese Market Analysis 2017 - Forecast to 2025
IndexBox has just published a new report "World: Ferro-Manganese - Market Report. Analysis and Forecast to 2025" ( no link?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work
Global Ferro alloys Market. Analysis And Forecast to 2025
IndexBox has just published a new report "World: Ferro Alloys - Market Report. Analysis And Forecast To 2025" ( http://www.indexbox.co.uk/store/world-ferro-alloys-market-report-analysis-and-forecast-to-2020?utm_source=opr ). This report has been designed to provide a comprehensive of the global ferro alloys market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also reveals a comparative analysis of the leading consuming countries,
Ferro Chrome Market 2017 - Jilin Ferro Alloys, Hernic Ferrochrome, Glencore-Mera …
Apex Research, recently published a detailed market research study focused on the "Ferro Chrome Market" across the global, regional and country level. The report provides 360° analysis of "Ferro Chrome Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Ferro Chrome industry, and estimates the future trend of Ferro Chrome market on