Global Ferrochrome Market 2024-2028

Description

List of Tables

The ferrochrome market is forecasted to grow by USD 7.59 bn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the ferrochrome market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for stainless steel and other alloy steel from developing countries, growing stainless steel industry, and growing housing, infrastructure, and heavy industrial machinery industries.

Technavio's ferrochrome market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.85%
CAGR	5.94%
Incremental Value	$7.59bn

By Product

Charge chrome and high carbon
Low carbon
Medium carbon

By End-user

Stainless steel
Carbon and other alloy
Others

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the digitalization and industry 4.0 integration into global ferrochrome market as one of the prime reasons driving the ferrochrome market growth during the next few years. Also, capacity addition in new ferrochrome and ferroalloy plants and expansion of mining industry will lead to sizable demand in the market.

The report on the ferrochrome market covers the following areas:

Ferrochrome market sizing
Ferrochrome market forecast
Ferrochrome market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ferrochrome market vendors that include Afarak Group SE, African Rainbow Minerals Ltd., ArcelorMittal, Balasore Alloys Ltd., EHUI METALLURGY GROUP, Eurasian Resources Group., Ferbasa, Glencore Plc, Henan Star Metallurgy Material Co. Ltd., INDIAN METALS AND FERRO ALLOYS LTD., Merafe Resources Ltd., Metallic Ferro Alloys LLP, Mintal Group Cleantech Development Co.Ltd, Mitsubishi Corp., Outokumpu Oyj, Samancor Chrome, Tata Steel Ltd., Vedanta Ltd, Visa Steel Ltd., and YILDIRIM Group Of Companies. Also, the ferrochrome market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71318

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global ferrochrome market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global ferrochrome market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Charge chrome and high carbon - Market size and forecast 2023-2028
Exhibit 34: Chart on Charge chrome and high carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Charge chrome and high carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Charge chrome and high carbon - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Charge chrome and high carbon - Year-over-year growth 2023-2028 (%)
6.4 Low carbon - Market size and forecast 2023-2028
Exhibit 38: Chart on Low carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Low carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Low carbon - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Low carbon - Year-over-year growth 2023-2028 (%)
6.5 Medium carbon - Market size and forecast 2023-2028
Exhibit 42: Chart on Medium carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Medium carbon - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Medium carbon - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Medium carbon - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Stainless steel - Market size and forecast 2023-2028
Exhibit 52: Chart on Stainless steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Stainless steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Stainless steel - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Stainless steel - Year-over-year growth 2023-2028 (%)
7.4 Carbon and other alloy - Market size and forecast 2023-2028
Exhibit 56: Chart on Carbon and other alloy - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Carbon and other alloy - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Carbon and other alloy - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Carbon and other alloy - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ billion)
Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 US - Market size and forecast 2023-2028
Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Afarak Group SE
Exhibit 119: Afarak Group SE - Overview
Exhibit 120: Afarak Group SE - Business segments
Exhibit 121: Afarak Group SE - Key offerings
Exhibit 122: Afarak Group SE - Segment focus
12.4 ArcelorMittal
Exhibit 123: ArcelorMittal - Overview
Exhibit 124: ArcelorMittal - Business segments
Exhibit 125: ArcelorMittal - Key news
Exhibit 126: ArcelorMittal - Key offerings
Exhibit 127: ArcelorMittal - Segment focus
12.5 Balasore Alloys Ltd.
Exhibit 128: Balasore Alloys Ltd. - Overview
Exhibit 129: Balasore Alloys Ltd. - Product / Service
Exhibit 130: Balasore Alloys Ltd. - Key offerings
12.6 EHUI METALLURGY GROUP
Exhibit 131: EHUI METALLURGY GROUP - Overview
Exhibit 132: EHUI METALLURGY GROUP - Product / Service
Exhibit 133: EHUI METALLURGY GROUP - Key offerings
12.7 Eurasian Resources Group.
Exhibit 134: Eurasian Resources Group. - Overview
Exhibit 135: Eurasian Resources Group. - Product / Service
Exhibit 136: Eurasian Resources Group. - Key offerings
12.8 Ferbasa
Exhibit 137: Ferbasa - Overview
Exhibit 138: Ferbasa - Product / Service
Exhibit 139: Ferbasa - Key offerings
12.9 Glencore Plc
Exhibit 140: Glencore Plc - Overview
Exhibit 141: Glencore Plc - Business segments
Exhibit 142: Glencore Plc - Key offerings
Exhibit 143: Glencore Plc - Segment focus
12.10 INDIAN METALS AND FERRO ALLOYS LTD.
Exhibit 144: INDIAN METALS AND FERRO ALLOYS LTD. - Overview
Exhibit 145: INDIAN METALS AND FERRO ALLOYS LTD. - Business segments
Exhibit 146: INDIAN METALS AND FERRO ALLOYS LTD. - Key offerings
Exhibit 147: INDIAN METALS AND FERRO ALLOYS LTD. - Segment focus
12.11 Mintal Group Cleantech Development Co.Ltd
Exhibit 148: Mintal Group Cleantech Development Co.Ltd - Overview
Exhibit 149: Mintal Group Cleantech Development Co.Ltd - Product / Service
Exhibit 150: Mintal Group Cleantech Development Co.Ltd - Key offerings
12.12 Mitsubishi Corp.
Exhibit 151: Mitsubishi Corp. - Overview
Exhibit 152: Mitsubishi Corp. - Business segments
Exhibit 153: Mitsubishi Corp. - Key news
Exhibit 154: Mitsubishi Corp. - Key offerings
Exhibit 155: Mitsubishi Corp. - Segment focus
12.13 Outokumpu Oyj
Exhibit 156: Outokumpu Oyj - Overview
Exhibit 157: Outokumpu Oyj - Business segments
Exhibit 158: Outokumpu Oyj - Key news
Exhibit 159: Outokumpu Oyj - Key offerings
Exhibit 160: Outokumpu Oyj - Segment focus
12.14 Samancor Chrome
Exhibit 161: Samancor Chrome - Overview
Exhibit 162: Samancor Chrome - Product / Service
Exhibit 163: Samancor Chrome - Key offerings
12.15 Tata Steel Ltd.
Exhibit 164: Tata Steel Ltd. - Overview
Exhibit 165: Tata Steel Ltd. - Business segments
Exhibit 166: Tata Steel Ltd. - Key news
Exhibit 167: Tata Steel Ltd. - Key offerings
Exhibit 168: Tata Steel Ltd. - Segment focus
12.16 Vedanta Ltd
Exhibit 169: Vedanta Ltd - Overview
Exhibit 170: Vedanta Ltd - Business segments
Exhibit 171: Vedanta Ltd - Key offerings
Exhibit 172: Vedanta Ltd - Segment focus
12.17 YILDIRIM Group Of Companies
Exhibit 173: YILDIRIM Group Of Companies - Overview
Exhibit 174: YILDIRIM Group Of Companies - Product / Service
Exhibit 175: YILDIRIM Group Of Companies - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations