The future of the global ferrosilicon market looks promising with opportunities in the carbon & other alloy steel, stainless steel, electric steel, and cast iron markets. The global ferrosilicon market is expected to reach an estimated $15.4 billion by 2030 with a CAGR of 3% from 2024 to 2030. The major drivers for this market are growing usage of ferrosilicon in the steel industry as an inoculant in cast iron and as a deoxidizer, rising investments toward infrastructural developments, and increasing need in the automobile industry for high-strength, lightweight materials that perform better.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the ferrosilicon market by
end use (carbon & other alloy steel, stainless steel, cast iron, and
others), application (deoxidizer, inoculants, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
deoxidizer and inoculants are the major segments of ferrosilicon market by
application. Lucintel forecasts that deoxidizers is expected to witness laregst
growth over the forecast period due to expanding use of steel in the automobile
sector, which thrives continuously owing to its booming sales, as well as,
rising silicon and steel production worldwide. Within this market, carbon &
other alloy steel will remain the largest segment because it provides increased
durability and strength when added to carbon steel while it is being produced,
as well as, it helps to strengthen its mechanical qualities and corrosion and
wear resistance.
APAC will remain the
largest region over the forecast period due to significant potential for
infrastructure growth combined with ongoing investment in the automotive
sectors, as well as, technical developments in the field of metallurgy in this
region.
Elkem, Eurasian
Resources, Ferro Alloys Corporation Limited, Finnfjord, Ferroglobe, IMFA, and
OM Holdings are the major suppliers in the ferrosilicon market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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