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Ferrosilicon - Global Strategic Business Report

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    Report

  • 371 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338632
The global market for Ferrosilicon was estimated at US$11.5 Billion in 2023, and is projected to reach US$13.7 Billion by 2030, growing at a CAGR of 2.6% 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 Application segment, which is expected to reach US$9.5 Billion by 2030 with a CAGR of a 2.6%. The Inoculants Application segment is also set to grow at 2.8% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $689.1 Million in 2023, and China, forecasted to grow at an impressive 2.7% CAGR to reach $8.0 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 66 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

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • A Prelude to Ferrosilicon
  • Global Economic Update
  • World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Global Market Prospects & Outlook
  • Global Ferrosilicon Market Appears Poised for Decent Growth Ahead
  • Carbon & Other Alloy Steel and Deoxidizer Segments to Sweep Ferrosilicon Market
  • Regional Market Analysis
  • Ferrosilicon Market: An Overview of Regional Pricing Trends
  • Salient Drivers Catalyzing Growth of Global Ferrosilicon Market
  • Ferrosilicon Production: An Overview
  • Global Production of Ferrosilicon (in Thousand Metric Tons of Silicon Content) by Country for 2022 and 2023
  • Global Production of Silicon Metal (in Thousand Metric Tons of Silicon Content) by Country for 2022 and 2023
  • Global Ferrosilicon Production by Country (in %) for 2024
  • Global Ferroalloys Production Breakdown (in %) by Alloy Type for 2024
  • Competitive Landscape
  • Ferrosilicon - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Demand for Ferrosilicon in Stainless Steel Production
  • World Stainless Steel Market: Percentage Breakdown of Volume Demand by Region for 2024
  • Global Stainless Steel Market: Breakdown of Share by End-Use Market for 2024
  • Stainless Steel Continues to Reign Appliances Market
  • Growing Use Case in Diverse Applications Widens Future Prospects
  • Demand for Ferrosilicon as Deoxidizer in Steel Industry Fuels Market Prospects
  • Global Steel Demand Projected to Grow in 2024 and 2025
  • Critical Importance of Steel in Every Aspect of Human Life to Create Conducive Environment for Future Growth
  • Steel Production Prospers in 2017-2023 Period
  • World Crude Steel Production (2012-2023) in Million Tons
  • Exports Scenario Dominated by China
  • Leading Steel Exporting Countries (2023): Exports (in Million Metric Tons) for China, Japan, South Korea, European Union (27), Germany, Italy, Belgium, Russia, Türkiye, Brazil, Iran, Netherlands, India, France and Indonesia
  • European Union: The Top Steel Importer
  • Leading Steel Importing Countries (2023): Imports (in Million Metric Tons) for European Union (27), USA, Germany, Italy, Türkiye, Mexico, South Korea, Vietnam, Thailand, Indonesia, France, Belgium, Poland, China, and Spain
  • Growing Demand for Electrical Steel Creates Opportunity for Ferrosilicon Market
  • Global Construction Trends Drive Demand for Ferrosilicon
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Encouraging Outlook for Automobile Production in 2024 to Drive the Demand for Ferrosilicon
  • Global Motor Vehicle Production in Million Units: 2017-2023
  • 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
  • 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
  • Transformative Role of Low Carbon Ferrosilicon in Steel Production
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 Application 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 Application 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 Application 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 Application 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 Application 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 Application 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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 End-Use 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

  • 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