FerroSilicon Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


Persistence Market Research

$ 4900

FerroSilicon is basically a ferroalloy, alloy of silica and iron which contains about 15% to 90% of silicon. FerroSilicon is a “heat-blocker” which is primarily utilized in the production of stainless steels and carbon. Also, it is used in production of cast iron, as it can accelerate graphitisation. FerroSilicon is added to an alloy in order to improve the physical properties of the new compound such as corrosion resistance, and high temperature heat-resistance. Further, it possess various physical properties which include resistance to abrasion, high specific gravity, and high magnetism.

Various raw materials are used in the production of ferrosilicon which include charcoal, quartz and mill scale. Ferrosilicon is produced by reducing quartzite with metallurgical coke/gas, coke/charcoal etc. Ferrosilicon are used for various application which include manufacturing of other ferroalloys, silicon and cast iron, and production of semiconductor pure silicon in electric industry and silicon copper.

Global FerroSilicon Market: Segmentation

Globally, the FerroSilicon market can be segmented on the basis of end-use and application

Based on the end-use, the global ferrosilicon market can be segmented into

  • Carbon & other alloy steel
  • Stainless Steel
  • Electrical Steel
  • Magnesium
  • Cast Iron
  • Others

Based on the application, the global ferrosilicon market can be segmented into

  • Inoculant
  • Deoxidizer

Global FerroSilicon Market: Dynamics

Rising demand for ferrosilicon as a deoxidizer and inoculant across the various end-use industry is expected to have significant impact on the market growth over the near future.

Electrical steel is also termed as silicon steel, and it utilizes significant amount of silicon and ferrosilicon, in order to improve the electrical properties of steel such as resistivity, etc. Further, growing demand for electrical steel in the manufacturing of transformer, motors and other power generating devices is expected to boost the demand of ferrosilicon in the manufacturing of electrical steel and thus in turn driving the global ferrosilicon market over the forecast period.

Ferrosilicon consumption is declined in the recent past across the globe, owing to the slowdown in crude steel production in the past few years and increasing preference towards alternative materials such as crude steel in China and other countries. Further, steady growth in the world output of iron castings, results into the greater utilization of aluminium in manufacturing of automobiles. Hence, utilization of alternative materials is one of the major challenges identified in the market. The aforementioned factors are expected to restrain the growth of global ferrosilicon market over the next decade.

Global FerroSilicon Market: Region-wise Outlook

Considering regions, Asia Pacific is expected to dominate the global FerroSilicon market both in terms of value and volume. China is the major consumer as well as producer of the ferrosilicon around the globe. However, the demand growth of the ferrosilicon in the country is expected to decline over the next decade owing to the illegal exports of the material in the South Korea and Japan, and also changes in the governmental policies have significantly impacted the market in the country. Europe is expected to follow the China in terms of consumption of ferrosilicon. North America, and other regions are expected to account for very less share in terms of consumption in the global ferrosilicon market over the forecast period.

Global FerroSilicon Market: Market Participants

Some of the market participants identified across the value chain of the global FerroSilicon market include Eurasian Resources Group, Tashi Group, Globe Specialty Metals, Inc., Sinosteel Jilin Ferroalloy Co., Ltd., Ferro Alloys Corporation Limited (FACOR), China Minmetals Corporation, OSAKA Titanium Technologies Co., Ltd., SC Feral Srl, Shanghai Shenjia Ferroalloys Co., Ltd., DMS Powders (Pty) Ltd., CC Metals & Alloys, Mechel, Finnfjord, Elkem AS and others.

The global ferrosilicon market is one of the most fragmented market in nature as the large number of China based players are involved in the production of the material. Also, key Manufacturers of ferrosilicon are involved in the activities related to investments, in order to reduce the energy consumption at the manufacturing sites.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.