Ferrosilicon Market Expanding At USD 11.96 Billion By 2025 : Grand View Research Inc.

Ferrosilicon Market

San Francisco, 31 October 2019: The Report Ferrosilicon Market Analysis By Application (Deoxidizer, Inoculant), By End-use (Carbon & Other Alloy Steel, Stainless, Electric Steel), By Region (North America, Europe, APAC, Central & South America), And Segment Forecasts, 2018 – 2025

The global ferrosilicon market is anticipated to reach USD 11.96 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for ferrosilicon in steel and casting industry is expected to drive demand over the forecast period.

Growing demand for the product as an inoculant in the casting industry is expected to drive demand over the forecast years. In addition, the increasing utilization of the product for iron graphitization in the casting industry, coupled with the unavailability of substitutes, is expected to drive demand over the forecast period.
The increasing use of the product as a deoxidizer in the steel industry is expected to have a positive impact on the demand. However, the sluggish growth of the steel industry may restrain the growth of the deoxidizer segment. In addition, the increasing use of silicon slag as an inexpensive substitute for the product in various application industries may restrain industry growth during the forecast period.

The ferrosilicon market is fragmented in nature with Chinese manufacturers accounting for a majority of the share. However, major European players, including Elkem AS and Globe Specialty Metals, Inc., are spearheading the global industry. China and Russia are the major producers of ferrosilicon accounting for over 70% of the overall global production, as of 2015.

Access Research Report of Ferrosilicon Market @ https://www.grandviewresearch.com/industry-analysis/ferrosilicon-market

Further key findings from the report suggest:
  • Inoculants accounted for over 17% of the revenue share in 2015. The demand for ferrosilicon as an inoculant is expected to grow significantly owing to the increasing demand for the product in the iron casting industry.
  • Carbon & other alloy steel accounted for over 48% of the volume share in 2015. High utilization of the product in carbon steel production, coupled with growing carbon steel market, is expected to drive the demand for the product in this segment over the forecast period
  • The revenue share of stainless steel in the overall industry was over 1.6 billion in 2015. The growing use of the product to improve the corrosion resistance and conductivity of stainless steel is expected to have positive impacts on the overall industry growth
  • China accounted for over 65% of the overall production and consumption of ferrosilicon. The presence of a large number of steel manufacturers is expected to be the key factor impacting the high consumption of the product in the country
  • The major market players in ferrosilicon industry adopt different pricing strategies to acquire new customers and gain regional share, mainly on account of the fragmented nature of the market as well as the limited scope of product differentiation in the industry
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/bulk-chemicals

Grand View Research has segmented the global ferrosilicon market on the basis of application, end-use, and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Deoxidizer
  • Inoculants
  • Others
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Carbon & other alloy steel
  • Stainless steel
  • Electric steel
  • Cast iron
  • Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Access Press Release of Ferrosilicon Market @ https://www.grandviewresearch.com/press-release/global-ferrosilicon-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more