Product Code: GVR-4-68038-836-7
Ferroalloys Market Growth & Trends:
The global ferroalloys market size is anticipated to reach USD 86.72 billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing consumption of steel across key industries has led to steady ferroalloy requirements. Moreover, the government initiatives to provide affordable housing to the masses, the rising number of megacities worldwide, and ongoing industrialization activities are anticipated to contribute to the global demand for steel. This is expected to subsequently drive the growth of the ferroalloys market in the coming years.
Increasing use of ferro silico manganese in the electric vehicle (EV) and aerospace industries is anticipated to sustain the global demand for ferroalloys over the forecast period. The ongoing transition of industries to clean energy and the growing interest in green steel have led to research and development activities to produce new grades of steel that have a low carbon footprint. Moreover, the global demand for cast iron is anticipated to remain high during the forecast period and sustain revenues for the ferroalloys market in the coming years. Apart from its extensive usage in conventional internal combustion engines (ICEs), it is also used in cast iron cookware, a low-cost and healthy alternative to modern traditional cookware.
Initiatives by governments of different countries across the world are anticipated to boost global steel consumption. For instance, the Bipartisan Infrastructure Law and Inflation Reduction Act in the U.S., the National Investment and Infrastructure Fund in India, and the G7-based Partnership for Global Infrastructure and Investment are expected to drive the steel consumption and provide impetus to the ferroalloy market over the forecast period.
Ferroalloys Market Report Highlights:
- Based on product, the ferro silico manganese segment accounted for the largest revenue share of over 45.0% of the market in 2023. Ferro silico manganese is used as an alloying and deoxidizing agent during the production of steel, stainless steel, and manganese-rich steel. It is extensively used in the EV and aerospace industries.
- Based on application, the cast iron segment of the market is projected to grow at the highest revenue CAGR of 7.0% over the forecast period. The segment's growth can be attributed to the use of cast iron for producing cookware.
- Based on region, the Asia Pacific region witnessed the highest demand for ferroalloys in 2023 owing to the large production volume of crude steel in the region.
- In May 2023, Indian Metals and Ferro Alloys Limited (IMFA) announced its USD 65.2 million (INR 547 crore) ferrochrome expansion project in Kalinganagar, Odisha, India with 100,000 MTPA installed capacity is expected to be commissioned in mid-2026.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Ferroalloys Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Industry Trends
- 3.5.4.1. ESG Analysis
- 3.5.4.2. Trade Trends
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Ferroalloys Market: Product Estimates & Trend Analysis
- 4.1. Ferroalloys Market: Product Movement Analysis, 2023 & 2030
- 4.2. Ferrochrome
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.3. Ferromanganese
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.4. Ferro silico manganese
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 4.5. Ferrosilicon
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5. Ferroalloys Market: Application Estimates & Trend Analysis
- 5.1. Ferroalloys Market: Application Movement Analysis, 2023 & 2030
- 5.2. Carbon & Low Alloy Steel
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.3. Stainless Steel
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.4. Alloy Steel
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.5. Cast Iron
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6. Ferroalloys Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8. Turkey
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.9. Russia
- 6.3.9.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.9.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.3.9.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilo Tons) (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, by Key Market Participants
- 7.2. Kraljic Matrix
- 7.3. Company Categorization
- 7.4. Heat Map Analysis
- 7.5. Vendor Landscape
- 7.5.1. List of Raw Material Suppliers
- 7.5.2. List of Distributors
- 7.5.3. List of Other Prominent Manufacturers
- 7.5.4. List of Prospective End-Users
- 7.6. Strategy Mapping
- 7.7. Company Profiles/Listing
- 7.7.1. Gulf Ferro Alloys Company (Sabayek)
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Glencore
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Jindal Group
- 7.7.3.1. Company Overview
- 7.7.3.2. Product Benchmarking
- 7.7.4. S.C. Feral S.R.L
- 7.7.4.1. Company Overview
- 7.7.4.2. Product Benchmarking
- 7.7.5. SAIL
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Samancore Chrome
- 7.7.6.1. Company Overview
- 7.7.6.2. Product Benchmarking
- 7.7.7. Shanghai Shenjia Ferroalloys Co. Ltd
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Tata Steel Limited
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking