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    Ferromanganese Market Report

    Ferromanganese Market Report
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    Ferromanganese Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2 See more...

    Impact of COVID-19 on Ferromanganese Market

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

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    Impact of COVID-19 on Ferromanganese Market

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

    Market Insights

    Ferromanganese Market is likely to witness a CAGR of 4.3% during the forecast period. The demand for stainless steel from various industrial sectors has significantly influenced its production dynamics. The use of ferromanganese to replace nickel in stainless steel production has gained wide popularity across the globe. Thus, steady production of stainless steel is a major factor expected to drive the market for ferromanganese during the forecast period. Apart from stainless steel, growing demand from the aluminum alloy sectors is also expected to fuel the market growth.

    Ferromanganese Market – Snapshot

    Growth

    4.3% for the next five years

    Major Grade Type

    High Carbon FeMn

    Dominant Application Type

    Iron and Steel

    Region with the highest demand

    Asia-Pacific

    Key Players

    Anhui GSH Bio-Technology Co., Ltd., Monnet Group, Maithan Alloys Limited, Tata Steel, Gulf Manganese Corporation Limited, Vale S.A., Ferroglobe Plc, OM Holdings Ltd., South32, Nippon Denko Co., Ltd.

    Segments' Analysis

    Ferromanganese-Market-Dominant-Segments

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    Ferromanganese Market Share: By Grade Type

    Based on the grade type, the market is segmented as high carbon, medium carbon, and low carbon ferromanganese. The high carbon ferromanganese segment is expected to be the leading segment of the market during the forecast period. With a manganese content of 70% to 80 wt % and a carbon content of 6% to 8 wt %, it is the most widely used ferroalloy. It is majorly used in the production of flat carbon steel products. On the other hand, medium carbon FeMn is likely to witness significant growth in the market owing to its widespread usage in steel and chemical industries.

    Ferromanganese Market Share: By Application Type

    Based on the application type, the market is segmented as iron & steel, alloy steel, and others. The iron & steel segment captured the largest share of the market in 2020, and is expected to register the highest growth during the forecast period as well. The growth of the segment is owing to the increasing demand for steel from different sectors including construction, shipbuilding, automotive, and oil & gas among others. Manganese ore finds major application as an important material in iron and steel metallurgy. The growing focus on infrastructure development on account of construction projects led by the governments will boost the demand for iron and steel, thereby assisting the segment’s growth over the forecast period.

    Ferromanganese Market Share: By Region

    In terms of regions, Asia-Pacific dominated the ferromanganese market in 2020, and is expected to maintain its incontestable lead during the forecast period as well. The growth of the regional market is led by countries such as China, Japan, and India, which produce manganese alloys. Steel fulfills the increasing demand for alloying elements from the steel industry in the region, wherein it is extensively used as a construction material for the region’s developing infrastructure. In Europe, the rising demand for steel in the automobile industry is expected to drive the FeMn market growth over the forecast period.

    Ferromanganese-Market-By-Region

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    Market Scope & Segmentation

    Ferromanganese (FeMn) is a ferroalloy with high manganese concentration. Manganese ore is an important material that is used in the production of FeMn. Made up of different grades of silicomanganese and ferromanganese, manganese ferroalloys are employed as the major ingredients in steel manufacturing.

    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.

    Ferromanganese Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The ferromanganese market is segmented into the following categories.

    Ferromanganese Market Size, Share, & Forecast, by Grade Type:

    • High Carbon FeMn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium Carbon FeMn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Low Carbon FeMn (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

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

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

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

    Ferromanganese-Market-Segmentation

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    Key Players

    Some of the key players in the ferromanganese market are-

    • Anhui GSH Bio-Technology Co., Ltd.
    • Monnet Group
    • Maithan Alloys Limited
    • Tata Steel
    • Gulf Manganese Corporation Limited
    • Vale S.A.
    • Ferroglobe Plc
    • OM Holdings Ltd.
    • South32
    • Nippon Denko Co., Ltd.

    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 grade 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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The ferromanganese market is expected to witness an impressive growth of 4.3% CAGR in the foreseeable future.

    Anhui GSH Bio-Technology Co., Ltd., Monnet Group, Maithan Alloys Limited, Tata Steel, Gulf Manganese Corporation Limited, Vale S.A., Ferroglobe Plc, OM Holdings Ltd., South32, Nippon Denko Co., Ltd are among the key players in the ferromanganese market.

    The high carbon ferromanganese segment is expected to be the leading segment in the ferromanganese market in the coming years.

    The iron & steel segment is expected to register the highest growth in the ferromanganese market during the next five years.

    Asia-pacific is expected to maintain its lead in the ferromanganese market during the forecast period.

    Steady production of stainless steel, growing demand from the aluminum alloy sectors are the factors driving the growth of ferromanganese market.

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