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Report
Ferrosilicon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
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?
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
9.2 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
9.3 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
9.4 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
9.5 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
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
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
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