Ferrosilicon Industry Overview The global ferrosilicon market size is expected to reach USD 13.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.4% from 2022 to 2030. Rising demand for ferrosilicon in the steel and cast iron industries is anticipated to contribute to market growth over the forecast period. Ferrosilicon is used as a deoxidizer in the steel industry to prevent the loss of carbon during the production process. As a result, rising investment in the steel industry is anticipated to augment the market growth. For instance, in January 2022, POSCO commenced construction of a new galvanized steel plant in Tangshan, Hebei, China, which is jointly owned by HBIS Group. Ferrosilicon Market Segmentation Grand View Research has segmented the global ferrosilicon market on the basis of application, end-use, and region: Based on the End-use Insights, the market is segmented into Carbon & Other Alloy Steel, Stainless Steel, Electric Steel, Cast Iron, Others.
Based on the Application Insights, the market is segmented into Deoxidizer, Inoculants, Others.
Ferrosilicon Regional Outlook
Key Companies Profile & Market Share Insights The market for ferrosilicon is highly competitive with the presence of numerous players. The key players in the market are adopting strategic initiatives such as capacity expansions and mergers and acquisitions to expand their share in the industry. Some prominent players in the global ferrosilicon market include:
Order a free sample PDF of the Ferrosilicon Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
0 Comments
Leave a Reply. |
Archives
October 2022
Categories |