+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Silico Manganese Market

  • PDF Icon

    Report

  • 116 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724150
The global silico manganese market size is expected to reach USD 47.77 billion by 2030, according to a new study. The report “Silico Manganese Market Share, Size, Trends, Industry Analysis Report, By Product (Low Carbon, Medium Carbon, and High Carbon); By Vertical; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Demand for steel-based types of equipment, dairy apparatus, and other commercial items, among other essential considerations, also contributes to the expansion of the Industry. Silicomanganese is used extensively in the creation and manufacture of steel. It enhances the material’s strength, ductility, and corrosion resistance.

Additionally, it is utilized to refine, deoxidize, modify, and regulate nonmetallic impurities. As deoxidants, desulfurizes, and alloying components, silicone and manganese are essential ingredients in steel manufacturing facilities.

Moreover, the demand is growing in industries like the construction of hard pavements, ballasts, and other rail tracks since the production of non-biodegradable slag when extracting steel with the use of Silico Manganese alloy is environmentally beneficial. Manganese is more efficient as a deoxidizer than silicon in modest dosages because stable manganese silicate minerals are combined with aluminates. It serves as a desulphurized for the steel sector as well.

Further, the government released regulations for the authorized production-linked incentive (PLI) plan for specialty steel in October 2021. The Ministry of Steel received US$ 6.2 million under the Union Budget 2022-23 from the government.

Also, the significant players collaborate and establish joint ventures to increase steel production. The joint development in India between ArcelorMittal and Nippon Steel Corp. announced a plan to improve operations, thereby investing US$ 13.34 billion over ten years in October 2021. Thus, increasing steel production and consumption are projected to have a favorable effect on industry expansion.

Additionally, the development of high-strength and lightweight steel grades has opened up profitable opportunities for the top rivals in the global market. The leading firms are also working hard to expand the market for products created using Ferro alloys in other regions. The price of the ferroalloy is one of the most crucial aspects to consider when selecting the best for producing a particular grade of steel. The specifications of the steel are taken into consideration when calculating the cost of manufacturing it. Thus, it is boosting the industry’s growth.

Silico Manganese Market Report Highlights

  • High carbon segment is anticipated to grow rapidly over the forecast period. The increase is attributable to increased investment in a variety of sectors.
  • The iron casting segment accounted for a significant global revenue share due to it is widely used in the production of compressors, diesel engine parts, pumps, valves, and more for the automotive industry.
  • Asia-Pacific is expected to grow dominantly during the projected period. The key aspect that drives the growth of the global market includes the increased demand for construction equipment, engines, and transmission
  • The global players include Assmang Proprietary, Brahm Group, Jindal Steel & Power, OM Holdings, Pertama Ferroalloys, Steel Authority of India Limited, Sakura Ferroalloys, Tata Steel Limited, and Vipra Ferro Alloys.

The publisher has segmented the silico manganese market report based on product, application, vertical, and region:

Silico Manganese, Product Outlook (Revenue - USD Billion, 2018 - 2030)

  • Low Carbon
  • Medium Carbon
  • High Carbon

Silico Manganese, Application Outlook (Revenue - USD Billion, 2018 - 2030)

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Cast Iron
  • Others

Silico Manganese, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)

  • Automobile Bodies
  • Road Rails
  • Dairy Equipment
  • Hand Railings
  • Cutlery
  • Others

Silico Manganese, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Silico Manganese Market

What is the estimated value of the Silico Manganese Market?

The Silico Manganese Market was estimated to be valued at $28.36 billion in 2022.

What is the growth rate of the Silico Manganese Market?

The growth rate of the Silico Manganese Market is 6.7%, with an estimated value of $47.77 billion by 2030.

What is the forecasted size of the Silico Manganese Market?

The Silico Manganese Market is estimated to be worth $47.77 billion by 2030.

Who are the key companies in the Silico Manganese Market?

Key companies in the Silico Manganese Market include Anglo American plc, Assmang Proprietary Limited, Brahm Group, Eramet Group, Gulf Ferro Alloys Company, Henan Xibao Metallurgy Materials Group, Jindal Steel & Power Ltd., Mesa Minerals Limited and OM Holdings Ltd..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Silico Manganese Market Insights
4.1. Silico Manganese - Industry Snapshot
4.2. Silico Manganese Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increases demand for household goods
4.2.1.2. Rising use of stainless steel
4.2.2. Restraints and Challenges
4.2.2.1. High cost of production
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Silico Manganese Market Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Silico Manganese Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
5.3. Low Carbon
5.3.1. Global Silico Manganese Market, by Low Carbon, by Region, 2018 - 2030 (USD Billion)
5.4. Medium Carbon
5.4.1. Global Silico Manganese Market, by Medium Carbon, by Region, 2018 - 2030 (USD Billion)
5.5. High Carbon
5.5.1. Global Silico Manganese Market, by High Carbon, by Region, 2018 - 2030 (USD Billion)

6. Global Silico Manganese Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
6.3. Carbon Steel
6.3.1. Global Silico Manganese Market, by Carbon Steel, by Region, 2018 - 2030 (USD Billion)
6.4. Stainless Steel
6.4.1. Global Silico Manganese Market, by Stainless Steel, by Region, 2018 - 2030 (USD Billion)
6.5. Alloy Steel
6.5.1. Global Silico Manganese Market, by Alloy Steel, by Region, 2018 - 2030 (USD Billion)
6.6. Cast Iron
6.6.1. Global Silico Manganese Market, by Cast Iron, by Region, 2018 - 2030 (USD Billion)
6.7. Others
6.7.1. Global Silico Manganese Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Silico Manganese Market, by Vertical
7.1. Key Findings
7.2. Introduction
7.2.1. Global Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
7.3. Automobile Bodies
7.3.1. Global Silico Manganese Market, by Automobile Bodies, by Region, 2018 - 2030 (USD Billion)
7.4. Road Rails
7.4.1. Global Silico Manganese Market, by Road Rails, by Region, 2018 - 2030 (USD Billion)
7.5. Dairy Equipment
7.5.1. Global Silico Manganese Market, by Dairy Equipment, by Region, 2018 - 2030 (USD Billion)
7.6. Hand Railings
7.6.1. Global Silico Manganese Market, by Hand Railings, by Region, 2018 - 2030 (USD Billion)
7.7. Cutlery
7.7.1. Global Silico Manganese Market, by Cutlery, by Region, 2018 - 2030 (USD Billion)
7.8. Others
7.8.1. Global Other Silico Manganese Market, by Region, 2018 - 2030 (USD Billion)

8. Global Silico Manganese Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Silico Manganese Market Assessment, By Geography, 2018 - 2030 (USD Billion)
8.3. Silico Manganese Market - North America
8.3.1. North America: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.3.2. North America: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.3.3. North America: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.3.4. Silico Manganese Market - U.S.
8.3.4.1. U.S.: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.3.4.2. U.S.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.3.4.3. U.S.: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.3.5. Silico Manganese Market - Canada
8.3.5.1. Canada: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.3.5.2. Canada.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.3.5.3. Canada: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4. Silico Manganese Market - Europe
8.4.1. Europe: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.2. Europe.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.3. Europe: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.4. Silico Manganese Market - UK
8.4.4.1. UK: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.4.2. UK.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.4.3. UK: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.5. Silico Manganese Market - France
8.4.5.1. France: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.5.2. France.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.5.3. France: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.6. Silico Manganese Market - Germany
8.4.6.1. Germany: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.6.2. Germany.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.6.3. Germany: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.7. Silico Manganese Market - Italy
8.4.7.1. Italy: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.7.2. Italy.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.7.3. Italy: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.8. Silico Manganese Market - Spain
8.4.8.1. Spain: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.8.2. Spain.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.8.3. Spain: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.9. Silico Manganese Market - Netherlands
8.4.9.1. Netherlands: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.9.2. Netherlands.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.9.3. Netherlands: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.4.10. Silico Manganese Market - Russia
8.4.10.1. Russia: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.4.10.2. Russia.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.4.10.3. Russia: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5. Silico Manganese Market - Asia Pacific
8.5.1. Asia Pacific: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.2. Asia Pacific.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.3. Asia Pacific: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.4. Silico Manganese Market - China
8.5.4.1. China: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.4.2. China.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.4.3. China: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.5. Silico Manganese Market - India
8.5.5.1. India: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.5.2. India.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.5.3. India: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.6. Silico Manganese Market - Malaysia
8.5.6.1. Malaysia: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.6.2. Malaysia.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.6.3. Malaysia: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.7. Silico Manganese Market - Japan
8.5.7.1. Japan: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.7.2. Japan.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.7.3. Japan: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.8. Silico Manganese Market - Indonesia
8.5.8.1. Indonesia: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.8.2. Indonesia.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.8.3. Indonesia: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.5.9. Silico Manganese Market - South Korea
8.5.9.1. South Korea: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.5.9.2. South Korea.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.5.9.3. South Korea: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.6. Silico Manganese Market - Middle East & Africa
8.6.1. Middle East & Africa: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.6.2. Middle East & Africa.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.3. Middle East & Africa: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.6.4. Silico Manganese Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.6.4.2. Saudi Arabia.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.4.3. Saudi Arabia: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.6.5. Silico Manganese Market - UAE
8.6.5.1. UAE: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.6.5.2. UAE.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.5.3. UAE: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.6.6. Silico Manganese Market - Israel
8.6.6.1. Israel: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.6.6.2. Israel.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.6.3. Israel: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.6.7. Silico Manganese Market - South Africa
8.6.7.1. South Africa: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.6.7.2. South Africa.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.6.7.3. South Africa: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.7. Silico Manganese Market - Latin America
8.7.1. Latin America: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.7.2. Latin America.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.3. Latin America: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.7.4. Silico Manganese Market - Mexico
8.7.4.1. Mexico: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.7.4.2. Mexico.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.4.3. Mexico: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.7.5. Silico Manganese Market - Brazil
8.7.5.1. Brazil: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.7.5.2. Brazil.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.5.3. Brazil: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)
8.7.6. Silico Manganese Market - Argentina
8.7.6.1. Argentina: Silico Manganese Market, by Product, 2018 - 2030 (USD Billion)
8.7.6.2. Argentina.: Silico Manganese Market, by Vertical, 2018 - 2030 (USD Billion)
8.7.6.3. Argentina: Silico Manganese Market, by Application, 2018 - 2030 (USD Billion)

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. AngloAmerican
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Assmang Proprietary
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Brahm Group
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Eramet Group
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Gulf Ferro Alloys
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Henan Xibao Metallurgy
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Jindal Steel
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Mesa Minerals Limited
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. NIPPON DENKO
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. OM Holdings Ltd
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Pertama Ferroalloys
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Steel Authority of India Limited
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Sakura Ferroalloys
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Tata Steel Limited
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Vipra Ferro Alloys
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development

Companies Mentioned

  • Anglo American plc
  • Assmang Proprietary Limited
  • Brahm Group
  • Eramet Group
  • Gulf Ferro Alloys Company
  • Henan Xibao Metallurgy Materials Group
  • Jindal Steel & Power Ltd.
  • Mesa Minerals Limited
  • NIPPON DENKO CO. Ltd.
  • OM Holdings Ltd.
  • Pertama Ferroalloys Sdn. Bhd.
  • Steel Authority of India Limited
  • Sakura Ferroalloys
  • Tata Steel Limited
  • Vipra Ferro Alloys Pvt Ltd.,