Ferrosilicon Global Business Report 2024: Demand For Ferrosilicon As Deoxidizer In Steel Industry Fuels Market Prospects - A $14.1 Billion Market By 2030

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Ferrosilicon - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Ferrosilicon is estimated at US$11.9 Billion in 2023 and is projected to reach US$14.1 Billion by 2030, growing at a CAGR of 2.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Deoxidizer segment, which is expected to reach US$9.8 Billion by 2030 with a CAGR of 2.2%. The Inoculants segment is also set to grow at 2.5% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $715.6 Million in 2023, and China, forecasted to grow at an impressive 2.5% CAGR to reach $8.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Market Trends & Drivers:

  • Demand for Ferrosilicon as Deoxidizer in Steel Industry Fuels Market Prospects
  • Demand for Steel Returns as the Pandemic Subsides
  • Critical Importance of Steel in Every Aspect of Human Life to Create Conducive Environment for Future Growth
  • Steel Production & Trade: Statistical Insights
  • Electrical Steel Production Emerges as a Major Opportunity for Ferrosilicon
  • Global Construction Industry Scenario Influences Demand for Ferrosilicon
  • Prevailing Positive Trends in Construction Machinery Industry Favor Growth in Iron Ore Market
  • Global Construction Growth Contribution by Country for the Period 2020-2030
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Automobile Production Dynamics Augment Market Prospects
  • Pandemic Impact on the Automotive Industry & What's the New Normal?
  • Shift towards Lighter Weight Vehicles to Drive Future Demand for Automotive Steel
  • Breakdown of Automotive Material Mix: 2023
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • Emissions Regulations Landscape in Major Countries/Regions
  • Steel Vs Aluminum: The Dilemma Continues for Better Lightweight Automotive Material
  • Demand Growth for Stainless Steel to Fuel Prospects in Ferrosilicon Market
  • Stainless Steel Continues to Reign Appliances Market
  • Growing Use Case in Diverse Applications Widens Future Prospects
  • Growing Use of Ferrosilicon as Inoculant in Casting Industry to Drive Market Gains
  • Magnesium Production Emerges as a Major End-Use market for Ferrosilicon
  • Global Primary Magnesium Production (in Thousand Metric Tons) for 2010-2022
  • Atomized Ferrosilicon Market Witnesses Robust Gains
  • Changes and Challenges Presented by Ferrosiliarecon Slag

Key Questions Answered:

  • How is the Global Ferrosilicon Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Key Attributes:

Report Attribute Details
No. of Pages 382
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $11.9 Billion
Forecasted Market Value (USD) by 2030 $14.1 Billion
Compound Annual Growth Rate 2.5%
Regions Covered Global

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Anyang Xinchuang Metallurgy Material Co., Ltd., DMS Powders (Pty) Ltd., Elkem ASA, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors Featured:

  • Anyang Xinchuang Metallurgy Material Co., Ltd.
  • DMS Powders (Pty) Ltd.
  • Elkem ASA
  • Eurasian Resources Group
  • Ferroglobe PLC
  • Finnfjord AS
  • Imexsar
  • M & M Alloys Limited
  • Mechel PAO
  • Sinoferro Dense Medium Powders Limited
  • The Rima Group
  • Westbrook Resources Ltd

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