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Ferrosilicon - Global Strategic Business Report

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    Report

  • 382 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338632
The global market for Ferrosilicon is estimated at US$11.9 Billion in 2023 and is projected to reach US$14.1 Billion by 2030, growing at a CAGR of 2.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Deoxidizer segment, which is expected to reach US$9.8 Billion by 2030 with a CAGR of 2.2%. The Inoculants segment is also set to grow at 2.5% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $715.6 Million in 2023, and China, forecasted to grow at an impressive 2.5% CAGR to reach $8.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Ferrosilicon Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Ferrosilicon Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Ferrosilicon Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Anyang Xinchuang Metallurgy Material Co., Ltd., DMS Powders (Pty) Ltd., Elkem ASA, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 62 Featured):

  • Anyang Xinchuang Metallurgy Material Co., Ltd.
  • DMS Powders (Pty) Ltd.
  • Elkem ASA
  • Eurasian Resources Group
  • Ferroglobe PLC
  • Finnfjord AS
  • Imexsar
  • M & M Alloys Limited
  • Mechel PAO
  • Sinoferro Dense Medium Powders Limited
  • The Rima Group
  • Westbrook Resources Ltd

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • A Prelude to Ferrosilicon
  • Global Economic Update
  • Global Market Prospects & Outlook
  • Deoxidizer in Steel Production and Inoculant in Casting Industry: Key Application Areas
  • Asia-Pacific Spearheads Long-term Growth in Ferrosilicon Market
  • Ferrosilicon Production: An Overview
  • Global Production of Silicon Metal and Ferrosilicon (in Thousand Metric Tons of Silicon Content) by Country for 2021 and 2022
  • Global Ferrosilicon Production by Country (in %) for 2022
  • Global Ferroalloys Production Breakdown (in %) by Alloy Type for 2023 (E)
  • Competitive Landscape
  • Ferrosilicon - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Demand for Ferrosilicon as Deoxidizer in Steel Industry Fuels Market Prospects
  • Demand for Steel Returns as the Pandemic Subsides
  • Critical Importance of Steel in Every Aspect of Human Life to Create Conducive Environment for Future Growth
  • Steel Production & Trade: Statistical Insights
  • World Crude Steel Production (2012-2022) in Million Tons
  • Leading Steel Exporting Countries (2022): Exports (in Million Metric Tons) for China, Japan, European Union (27), South Korea, Germany, Türkiye, Russia, Italy, Belgium, Brazil, India, France, Taiwan, Netherlands, and Indonesia
  • Leading Steel Importing Countries (2022): Imports (in Million Metric Tons) for European Union (27), USA, Germany, Italy, Türkiye, China, South Korea, Thailand, Belgium, Poland, France, Vietnam, Indonesia, Mexico, and Netherlands
  • Electrical Steel Production Emerges as a Major Opportunity for Ferrosilicon
  • Global Construction Industry Scenario Influences Demand for Ferrosilicon
  • Prevailing Positive Trends in Construction Machinery Industry Favor Growth in Iron Ore Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • United States Housing Units Starts: 2015-2021 (Housing Units in Thousands)
  • Global Construction Growth Contribution by Country for the Period 2020-2030
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Automobile Production Dynamics Augment Market Prospects
  • World Automobile Production in Million Units: 2008-2022
  • Pandemic Impact on the Automotive Industry & What’s the New Normal?
  • Car Production YoY % Growth in 2020 Across Major Regional Markets
  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
  • Shift towards Lighter Weight Vehicles to Drive Future Demand for Automotive Steel
  • Breakdown of Automotive Material Mix: 2023
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • Emissions Regulations Landscape in Major Countries/Regions
  • Steel Vs Aluminum: The Dilemma Continues for Better Lightweight Automotive Material
  • Demand Growth for Stainless Steel to Fuel Prospects in Ferrosilicon Market
  • World Stainless Steel Market: Percentage Breakdown of Volume Demand by Region for 2022
  • Global Stainless Steel Market: Breakdown of Share by End-Use Market for 2022
  • Global Stainless Steel Market Breakdown of Production (in %) by Region for 2020 (Historical Data)
  • Global Stainless Steel Market (2022E): Percentage Breakdown of Production by Segment
  • Global Stainless Steel Market (2022E): Percentage Breakdown by Product
  • Stainless Steel Continues to Reign Appliances Market
  • Growing Use Case in Diverse Applications Widens Future Prospects
  • Growing Use of Ferrosilicon as Inoculant in Casting Industry to Drive Market Gains
  • Magnesium Production Emerges as a Major End-Use market for Ferrosilicon
  • Global Primary Magnesium Production (in Thousand Metric Tons) for 2010-2022
  • Atomized Ferrosilicon Market Witnesses Robust Gains
  • Changes and Challenges Presented by Ferrosiliarecon Slag
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Ferrosilicon Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Ferrosilicon by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Ferrosilicon by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Ferrosilicon by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Deoxidizer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Deoxidizer by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Deoxidizer by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Inoculants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Inoculants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Inoculants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Carbon & Alloy Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Carbon & Alloy Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Carbon & Alloy Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Stainless Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Stainless Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Stainless Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Electric Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Electric Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Electric Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Cast Iron by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Cast Iron by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Cast Iron by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • COVID-19 Dampens the US Ferrosilicon Market
  • US Production of Ferrosilicon and Silicon Metal (in Thousand Metric Tons) for 2016-2021
  • Average Price of Ferrosilicon (in Cents per Pound) for Ferrosilicon (50% Si) and Ferrosilicon (50% Si) for the Years 2016-2021
  • US Ferrosilicon Imports by Country (in %) for the Period 2017-20
  • US Steel Industry Dynamics Impact Demand for Ferrosilicon
  • American Steelmakers Invest in Local Projects amidst Falling Imports
  • Cutback in Shale Activity Impacts Steel Market
  • Pandemic Casts Shadow on Construction Industry, Affecting Ferrosilicon Demand
  • Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units (Apr 2020-Feb 2022)
  • US Construction Value (in US$ Million) for Residential and Non-Residential Sectors for Feb-2021 to Feb-2022
  • Automotive Sales and Production Trends Shape Dynamics of Silicon and Ferrosilicon Market
  • US Vehicle Production (in Thousand Units) for 2013-2021
CANADA
JAPAN
  • Ferrosilicon Market: COVID-19 Impact on End-Use Sectors Affect Demand
CHINA
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China’s Leadership in Steel Industry Augurs Well for Ferrosilicon Market
  • Steel Production (in Million Tons) in China for the Years 2011-2021
  • Capacity Utilization (in %) for Steel Production in China (2008-2019)
  • Surprising Recovery in China amid COVID-19 Pandemic to Boost Steel Fortunes
  • Faster Resurgence in China to Offset Shrinking Global Steel Demand
  • Industry Embraces Technological Innovation in Production
  • Slowdown in Construction Sector Pulls Down the Ferrosilicon Market
  • Automotive Industry Influences Growth in Ferrosilicon Market
  • Largest Manufacturer of Cars
EUROPE
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Steel Demand Dynamics Impact Market Growth
  • COVID-19 Outbreak Exacerbates Already Challenging European Steel Market Situation
  • Recovery in Construction Activity Post COVID-19 Pandemic to Sustain Growth in Demand
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Steel Industry Dynamics Amidst the COVID-19 Pandemic Trigger Mixed Regional Performances across Asia
AUSTRALIA
INDIA
  • Steel Demand in India to Grow Marginally after Deep Cuts in Output during Lockdown
  • Pandemic Puts Indian Steel Exports Come Under Severe Stress
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Ferrosilicon Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Anyang Xinchuang Metallurgy Material Co., Ltd.
  • DMS Powders (Pty) Ltd.
  • Elkem ASA
  • Eurasian Resources Group
  • Ferroglobe PLC
  • Finnfjord AS
  • Imexsar
  • M & M Alloys Limited
  • Mechel PAO
  • Sinoferro Dense Medium Powders Limited
  • The Rima Group
  • Westbrook Resources Ltd

Table Information