Press release
APAC ferroalloy market to exhibit lucrative gains over 2016-2024, India and China to be the prominent revenue pockets
Asia Pacific is a major ground enhancing the ferroalloy market outlook. APAC ferroalloy industry in 2015, held a revenue of USD 25 billion and is forecast to grow significantly at a CAGR of 6% over 2016-2024. Presence of considerable number of small, medium, and large-scale steel companies along with vast iron ores is allowing the regional market to be a major player in the global landscape. China and India are expected to be the major revenue contributors owing to the increasing constructional activities and rapid industrialization in this region. Europe ferroalloy market driven by Germany, France, UK, will also register substantial growth at an annual rate of more than 5% over the coming seven years.
Request for A Sample Copy of This Report @ http://bit.ly/2AeV1SI
Ferroalloy market is set to record a remarkable value in coming years with the increasing demand of the material from the steel industry. As per estimation, global steel industry is expected to take a giant leap in terms of production volume from 1.5 billion tons to 2.5 billion tons by 2024, which will in a way be highly impactful on the overall ferroalloy industry share. Ferroalloys are extensively used in steel production and industrial development owing to its ability of enhancing the steel characteristics by introducing specific elements in proportional quantity.
The major end-use industries of alloy steel include automotive, construction, shipbuilding, railways, springs, etc. Rapidly fueling construction spending especially across BRICS economies along with international sports events like FIFA, ICC World cup, Commonwealth games in these regions are further propelling the expansion of the market.
Ferromanganese, ferrosilicon, and ferrochrome are the three basic products prevalent in the market. Ferromanganese is experiencing a strong market demand owing to its easy availability and comparatively lower cost. In 2015, Ferro manganese-based ferroalloy market held a revenue of USD 15 billion and is expected to grow lucratively at annual rate of 6% over the coming seven years.
Browse Complete Summary Of This Report Titled "Ferroalloy Market Size By Product (Ferrochrome, Ferromanganese, Ferrosilicon), By Application (Carbon Steel, Alloy Steel, Stainless Steel), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024"
https://www.gminsights.com/industry-analysis/ferroalloy-market
Ferrochrome is one of the most dominating product segments in the global market. It covered more than one-third of the market in 2015. With the escalating consumer demand for stainless steel for a variety of sectors, ferrochrome market is anticipated to grow significantly in the years ahead. Ferrosilicon is foreseen to exhibit moderate growth due to the growing health concerns related to the amorphous silica content of the alloy.
Stainless steel applications had experienced a domination over the overall ferroalloy market in 2015, by accounting for almost 75% of the total volume. It is anticipated that this application will continue its prominence in the years ahead, owing to its huge adoption in varied sectors including automobile, railways, underground piping systems as well as domestic utensils.
Prominent industry participants include S.C. Feral, Sinosteel Jilin, Tata Steel, Jindal Group, and China Minmetals.
Read Our Blog:
www.thecampingcanuck.com/
http://marketsizeforecast.blogspot.in/
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.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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 APAC ferroalloy market to exhibit lucrative gains over 2016-2024, India and China to be the prominent revenue pockets here
News-ID: 804728 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Ferro
Key Factor Supporting Ferro Manganese Market Development in 2025: Rising Stainle …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Ferro Manganese Market Size By 2025?
In the past few years, the size of the ferro manganese market has consistently expanded. It is expected to rise from $16.68 billion in 2024 to $17.48 billion in 2025, displaying a compound annual growth rate (CAGR) of 4.8%.…
Global Ferro Aluminum Market Research Report 2023-2029
Ferro aluminum (FeAl) is a ferroalloy, consisting of iron and aluminium. The metal usually consists of 40% to 60% aluminium and applications of ferroaluminum include the deoxidation of steel, hardfacing applications, reducing agent, thermite reactions, AlNiCo magnets, and alloying additions to welding wires and fluxes.
Global Ferro Aluminum Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It…
Ferro Backup System 6.3 with Performance Monitoring
June 7, 2023 - Ferro Software announced the release of Ferro Backup System 6.3.
The new version includes numerous enhancements and improvements. One of the key features is the ability to continuously monitor disk, processor, and network utilization on computers undergoing backup, as well as on the backup server. This change allows administrators to perform a detailed analysis of backup speed and eliminate any potential bottlenecks in the backup and data…
Global Ferro Aluminum Market, Global Ferro Aluminum Industry, Covid-19 Impact Gl …
Ferro aluminium is an alloy that belongs to the grouping of ferroalloys. Ferro aluminium is formed by compounding iron with aluminium. The manufacturing procedure of Ferro aluminium is extremely energy intensive in nature. Ferro aluminium demands large amount of electricity throughout its manufacturing procedure. Ferro aluminium manufacturing process comprises production of aluminium from synthetic cryolite or bauxite. The administered aluminium is then further transformed into aluminium oxide by utilizing the…
Noble Ferroalloy Market Size Scope and Comprehensive Analysis by 2028 | Top Play …
This detailed market study covers noble ferroalloy market growth potentials which can assist the stake holders to understand key trends and prospects in noble ferroalloy market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The…
Ferro Silicon Powder Market 2019 | Global Industry Overview 2025 | Top Companies …
Ferro Silicon Powder Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/61281
UpMarketResearch offers a latest published report on “Global Ferro Silicon PowderMarket Analysis and Forecast 2019 - 2025” delivering key insights and providing a competitive advantage…
