Skip to main content

Ferroalloys market - Global industry analysis and forecast 2017 - 2025

A fresh intelligence study by Transparency Market Research (TMR) reports that the global ferroalloys market is highly fragmented among a vast number of small, medium, and large scale manufacturers, and the chances of a certain company to gain dominance in the near future are slender. Some of the companies identified by the report who are currently holding respectable positions in the global ferroalloys market are: ArcelorMittal, OM Holdings LTD, Sakura Ferroalloys, Pertama Ferroalloys, Tata Steel, NikoPol Ferroalloy Plant, Gulf Ferroalloys Company, BAFA Bahrain, Brahm Group, China Minmetals Corporation, Shanghai Shenjia Ferroalloys Co. Ltd., Ferroalloy Corporation Limited, MORTEX Group, Vale S.A., Georgian American Alloys, SAIL, and OFZ S.A. Most of these companies cater to various engineering sectors such as automotive, railways, and tubes.
As per the projections of the TMR report, the demand in the global ferroalloys market will increase at a CAGR of 5.9% during the forecast period of 2017 to 2025. The report estimates the ferroalloys market, worldwide, to be worth US$188.7 bn by the end of 2025, considerably up from its evaluated valuation of US$112.8 bn in 2016. Partnerships for sharing technology and strategic acquisitions are two common practices by the leading market players to gain ground over their competitors. In addition to that, research and development in order to enhance the characteristics of steels via involvement of specific elements is also expected to help the global ferroalloy market players to add to their shares.
The report segments the global ferroalloys market into noble and bulk. Noble ferroalloys are made from rare earth minerals and are expensive to produce in comparison to bulk ferroalloys, and hence occupy smaller share but offer greater profits. Application-wise, around 80% of the ferroalloys produced globally is consumed for steel production. Geographically, Asia Pacific is currently most lucrative region in the global ferroalloys market, accounting for 79.5% of the total demand in 2017, followed by Europe.
Demand Witnessed in Various End-use Industries to Drive Growth
Ubiquitous usage of steel and flourishing building and construction industry in various emerging economies are two key factors driving the demand in the global ferroalloys market. Ferroalloys are widely used for various end-use industries, particularly steel production, production of superalloys, wire production, and production of welding electrodes. Iron ore is abundant, and the lack of a viable alternative is expected to keep the ferroalloys market in good stead in the near future. In the BRICS nation, rapid urbanization is propelling the building and construction industry, which heavily depend on ferroalloys for various purposes, and thereby providing traction to the global market for the same.
Recovering economy in North America, economic growth in Asia Pacific, and increased production of ferroalloys in the countries of Africa have driven the market for ferroalloys around the globe. Emerging technologies for the production of ferroalloys, increased consumption and exports from China, Japan, and India would drive the market for ferroalloys around the globe. Growing water treatment industry is also expected to augment the demand in the global ferroalloys market. The development of lightweight and high strength steel grades are expected to open new opportunities in the ferroalloys market.
Fill the form for an exclusive sample of this report @ https://goo.gl/pDeufJ
Regulations Pertaining to Pollution May Create Obstacles
On the other hand, stringent environmental rules for pollution control and declining consumption of ferroalloys in previous years have made the ferroalloy industry to fluctuate a bit. Decreasing demand for steel in Europe is attributed to its slowing economy and global recession, which would also restrain the growth of the ferroalloys market in Europe. High operational cost is another obstruction faced by the vendors operating in the global ferroalloys market.
Key Segments of the Global Ferroalloys Market
Ferroalloys market – By Type
  • Bulk Alloys
    • Ferrosilicon
    • Ferromanganese
    • Ferrochromium
    • Others

  • Noble Alloys
    • Ferromolybdenum
    • Ferronickel
    • Ferrotungsten
    • Ferrovanadium
    • Ferrotitanium
    • Others

Ferroalloys market – By Application
  • Steel
  • Superalloys and Alloys
  • Wire Production
  • Welding Electrodes
  • Others

The information presented in this review is based on a Transparency Market Research report, titled, “Ferroalloys Market (Type - Bulk Alloys (Ferrosilicon, Ferromanganese, and Ferrochromium) and Noble Alloys (Ferromolybdenum, Ferronickel, Ferrotungsten, Ferrovanadium, and Ferrotitanium); Application - Steel, Superalloys and Alloys, Wire Production, and Welding Electrodes) - Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2025.”

Comments

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi