Global Ferroalloys Market Estimated to reach US$ 188.7 Bn by 2025

Transparency Market Research has published a new report titled “Ferroalloys (Type: Bulk Alloys (Ferrosilicon, Ferromanganese, Ferrochromium, and Others), Noble Alloys (Ferromolybdenum, Ferronickel, Ferrotungsten, Ferrovanadium, Ferrotitanium, and Others); Application: Steel, Superalloys and Alloys, Wire Production, Welding Electrodes, and Others Applications) Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global Ferroalloys market was valued at US$ 112.8 Bn in 2016 and is estimated to reach US$ 188.7 Bn by 2025, expanding at a CAGR of 5.9% between 2017 and 2025.

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In terms of market growth potential as well as revenue share, Asia Pacific led the Ferroalloys in 2016, followed by Asia Pacific and Europe, by comprising over 90% of the global revenue share.

In terms of revenue, Asia Pacific is expected to observe a steady growth in its share during the forecast period, while there is expected to be a decline in the shares for the rest of the regions. Expansion in the Ferroalloys market in Asia Pacific is primarily ascribed to the expansion of emerging economies and the ever-increasing demand of different grades of steel for infrastructure & construction as well as growing exports of ferroalloys in the region.

Asia Pacific shows strong potential for the Ferroalloys market in the forecast period due to the availability of the raw material, adequate consumption, growing economy and increasing demand for steel in the region.

The demand for ferroalloys in Europe is accounted by countries such as the Germany, Italy, Russia, Spain, France, and U.K. The Western Europe is comparatively mature market than Eastern Europe, The latter is anticipated to show sluggish growth in terms of growth potential attributed by the slowing economy and political issues in the European Union.

North America and Europe are considered as mature markets due to the presence of well-established key players and recovering economies in these regions, which enables ferroalloys producing companies in these regions to establish their presence in their respective local markets.

China accounts for the major share of the ferroalloys market in Asia Pacific. High demands from infrastructure and construction sectors, coupled with high volume of exports to other countries around the globe, is primarily viewed as a driver for the overall Ferroalloys market in the region.

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The Ferroalloys market is still developing in Latin America but shows a great potential in MEA in terms of supply of raw material and minerals. South Africa produces high amount of ferroalloys and exports them around the globe.

The Ferroalloys market is expected to grow at a CAGR of 5.9% in terms of revenue and 5.4% in terms of global volume. Major application of ferroalloys would be steel production followed by superalloys and wire production.

Major players in the Ionic Exchange based liquid nuclear waste treatment market include AreArcelor Mittal, O.F.Z A.S., Tata Steel, Vale S.A., Pertama Ferroalloys Sdn. Bhd, Sakura Ferroalloys Sdn Bhd, China Minmetal Ltd., and Ferroalloy Corporation Ltd.

The global ferroalloys market has been segmented as follows:

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

Ferroalloys Market – By Region

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • France

    • U.K.

    • Spain

    • Russia

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Middle East & Africa

    • GCC

    • South Africa

    • Rest of Middle East & Africa

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