PUBLISHER: IMARC | PRODUCT CODE: 1291434
PUBLISHER: IMARC | PRODUCT CODE: 1291434
Ferrosilicon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global ferrosilicon market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.0 Billion by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2023-2028.
Ferrosilicon (FeSi) refers to an alloy of iron and silicon that is industrially produced by reducing sand or silica in the presence of iron at very high temperatures. It is widely used in the reduction of metals from their oxides and in the deoxidization of steel and other ferrous alloys to prevent the loss of carbon from molten steel and other materials. It is also employed in electrode coatings utilized in arc welding and in the manufacturing of iron, steel, and other ferroalloys. It has excellent strength, resistance to corrosion, abrasion and temperature, high specific gravity, and magnetism. As a result, ferrosilicon finds extensive applications in metallurgy, construction, automotive, semiconductors, chemical processing, and solar energy.
Ferrosilicon Market Trends:
Ferrosilicon is extensively utilized for inoculation, graphitization, and modification in the casting industries. As a result, the escalating demand for steel and iron from various end use sectors represents the primary factor driving the market growth. Additionally, the growing usage of semiconductors in electronic devices is augmenting the demand for ferrosilicon for manufacturing semiconductors. Besides this, the shifting preferences toward corrosion-resistant materials for enhanced quality in construction and automotive industries, along with the rising demand for electric steel to manufacture motors, transformers and other power generation devices, are accelerating product adoption rate. Furthermore, ferrosilicon is widely used in the production of electric steel to improve the electrical resistivity of steel. Moreover, the governing agencies of various countries are taking favorable initiatives for infrastructure development and making heavy investments in the steel industry, which is propelling the market growth. Other factors, including rapid urbanization and industrialization, surging sales of high-end vehicles, increasing construction activities, and growing demand for consumer electronics, are also providing a positive outlook to the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ferrosilicon market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end user.
Breakup by Type:
- Atomized Ferrosilicon
- Milled Ferrosilicon
Breakup by Application:
- Deoxidizer
- Inoculant
- Others
Breakup by End User:
- Carbon and Other Alloy Steel
- Stainless Steel
- Electric Steel
- Cast Iron
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Indian Metals & Ferro Alloys Limited, Maithan Alloys Limited, Mechel PAO, OM Holdings Ltd. and Westbrook Resources Ltd.
Key Questions Answered in This Report
1. What was the size of the global ferrosilicon market in 2022?
2. What is the expected growth rate of the global ferrosilicon market during 2023-2028?
3. What are the key factors driving the global ferrosilicon market?
4. What has been the impact of COVID-19 on the global ferrosilicon market?
5. What is the breakup of the global ferrosilicon market based on the application?
6. What is the breakup of the global ferrosilicon market based on the end user?
7. What are the key regions in the global ferrosilicon market?
8. Who are the key players/companies in the global ferrosilicon market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Ferrosilicon Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Atomized Ferrosilicon
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Milled Ferrosilicon
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Deoxidizer
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Inoculant
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Carbon and Other Alloy Steel
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Stainless Steel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Electric Steel
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Cast Iron
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 DMS Powders
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Eurasian Resources Group
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Ferroglobe PLC
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Finnfjord AS
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Hindustan Alloys Private Limited
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Indian Metals & Ferro Alloys Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Maithan Alloys Limited
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Mechel PAO
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 OM Holdings Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Westbrook Resources Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
List of Figures
- Figure 1: Global: Ferrosilicon Market: Major Drivers and Challenges
- Figure 2: Global: Ferrosilicon Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Ferrosilicon Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Ferrosilicon Market: Breakup by Type (in %), 2022
- Figure 5: Global: Ferrosilicon Market: Breakup by Application (in %), 2022
- Figure 6: Global: Ferrosilicon Market: Breakup by End User (in %), 2022
- Figure 7: Global: Ferrosilicon Market: Breakup by Region (in %), 2022
- Figure 8: Global: Ferrosilicon (Atomized Ferrosilicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Ferrosilicon (Atomized Ferrosilicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Ferrosilicon (Milled Ferrosilicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Ferrosilicon (Milled Ferrosilicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Ferrosilicon (Deoxidizer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Ferrosilicon (Deoxidizer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Ferrosilicon (Inoculant) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Ferrosilicon (Inoculant) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Ferrosilicon (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Ferrosilicon (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Ferrosilicon (Carbon and Other Alloy Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Ferrosilicon (Carbon and Other Alloy Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Ferrosilicon (Stainless Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Ferrosilicon (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Ferrosilicon (Electric Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Ferrosilicon (Electric Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Ferrosilicon (Cast Iron) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Ferrosilicon (Cast Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Ferrosilicon (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Ferrosilicon (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Ferrosilicon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Ferrosilicon Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Ferrosilicon Industry: SWOT Analysis
- Figure 78: Global: Ferrosilicon Industry: Value Chain Analysis
- Figure 79: Global: Ferrosilicon Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Ferrosilicon Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Ferrosilicon Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Ferrosilicon Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Ferrosilicon Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Ferrosilicon Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Ferrosilicon Market: Competitive Structure
- Table 7: Global: Ferrosilicon Market: Key Players
