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
For more information about this report visit https://www.researchandmarkets.com/r/du3xzy
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