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    Ferroalloys Market | Covid-19 Impact Analysis

    Ferroalloys Market | Covid-19 Impact Analysis

    Ferroalloys Market | Covid-19 Impact Analysis
    Report code - SRAM491 Delivery - 2 Weeks
    Ferroalloys Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025 See more...
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    Impact of COVID-19 on Ferroalloys Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Ferroalloys Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Ferroalloys Market Insights

    Ferroalloys market is likely to witness an impressive CAGR of 5.7% during the forecast period. Increasing steel production across the world is the prime factor that is contributing to the demand for ferroalloys. Further, increasing application of steels in various industries such as construction, shipbuilding, automotive, etc. is driving the ferroalloys market growth. Rising construction and infrastructure activities in emerging economies such as India and China in the Asia-Pacific region is one of the key factors fueling the growth of the market.

    Ferroalloys Market – Snapshot

    Growth

    5.7% for the next five years

    Major Product Type

    Ferrochrome

    Major Application Type

    Carbon & Low Alloy Steel

    Region with the Highest Demand

    Asia-Pacific

    Key Players

    Jindal Steel and Power Limited, Glencore plc, Samancore Chrome, Shanghai Shenjia Ferroalloys Co. Ltd, Ferro Alloys Corporation Limited, S.C. Feral S.R.L, Tata Steel Limited, ArcelorMittal S.A., China Minmetals Corporation, and Steel Authority of India Limited

     

    Market Share Analysis

    Ferroalloys-Market-Dominant-Segments

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    Ferroalloys Market Share: By Product Type

    Based on the product type, the market is segmented as ferrochrome, ferromanganese, ferro silicomanganese, ferrosilicon, and others. The ferrochrome segment held the largest share of the market in 2019 in terms of value, whereas ferro silicomanganese was the dominant segment in terms of volume in 2019. The ferro silicomanganese is also expected to register the fastest growth during the forecast period in terms of value as well as volume. Ferrochrome is a primary raw material for stainless steel manufacturing, as it provides aesthetic appearance and corrosion resistance to it. The increasing usage of ferrochrome for manufacturing various car components such as, sprocket assemblies, rods, couplings, and crankshafts further creates healthy opportunities for the segment in the near future.

    Ferroalloys Market Share: By Application Type

    Based on the application type, the ferroalloys market is segmented as carbon & low alloy steel, stainless steel, alloy steel, cast iron and others. The carbon & low alloy segment held the largest share of the market in 2019, whereas, cast iron segment is likely to witness the fastest growth during the forecast period in terms of value. Rising demand for carbon steel from the construction industry along with rapid urbanization leading to increasing investments in infrastructure, especially in the developing economies are the prime factors for carbon & low alloy segment’s growth in the market.

    Ferroalloys Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for ferroalloys during the forecast period in terms of value, with China, India, and Japan being the countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the rapidly increasing steel production and rising demand for steel for construction activities in the region. Further, macroeconomic trends such as an increase in disposable income and growing industrialization are some of the major drivers for the Asia-Pacific’s ferroalloys market, creating lucrative growth opportunities for ferroalloy manufacturers in the region.

    Ferroalloys-Market-By-Region

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    Some of the major ferroalloy manufacturers are-

    • Jindal Steel and Power Limited
    • Glencore plc
    • Samancore Chrome
    • Shanghai Shenjia Ferroalloys Co. Ltd
    • Ferro Alloys Corporation Limited
    • S.C. Feral S.R.L
    • Tata Steel Limited
    • ArcelorMittal S.A.
    • China Minmetals Corporation
    • Steel Authority of India Limited

     

    Market Scope & Segmentation

    Ferroalloys are iron-based alloys with a great proportion of other elements such as silicon, chromium, manganese, and others. These alloys when primarily used in the production of carbon and stainless steel are the added elements into molten metal during the steel manufacturing process. Owing to their superior properties such as high tensile strength and excellent durability, ferroalloys are majorly used in various end-use industries such as automotive, steel, construction, aerospace & defense, electronics, metallurgical, oil & gas, and healthcare.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Ferroalloys Market Research Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The ferroalloys market is segmented into the following categories. 

    Ferroalloys Market Size, Share, & Forecast, by Product Type:

    • Ferrochrome (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ferromanganese (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ferro Silicomanganese (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ferrosilicon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ferroalloys Market Size, Share, & Forecast, by Application Type:

    • Carbon & Low Alloy Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Alloy Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cast Iron (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ferroalloys Market Size, Share, & Forecast, by End-Use Industry Type:

    • Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ferroalloys Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Ferroalloys-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Ferroalloys Market in the foreseeable future?

    The ferroalloys market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.

    Who are the key players in the Ferroalloys Market?

    Jindal Steel and Power Limited, Glencore plc, Samancore Chrome, Shanghai Shenjia Ferroalloys Co. Ltd, Ferro Alloys Corporation Limited, S.C. Feral S.R.L, Tata Steel Limited, ArcelorMittal S.A., China Minmetals Corporation, and Steel Authority of India Limited are among the key players in the ferroalloys market.

    Which country/region is expected to be the largest Ferroalloys Market?

    Asia-Pacific is expected to be the largest ferroalloys market during the next five years.

    Which application type is expected to witness the fastest growth in the Ferroalloys Market?

    cast iron segment is expected to witness the fastest growth in the ferroalloys market in the coming years.

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