Market Overview:
The global Ferro Chrome market is expected to grow at a CAGR of XX% and reach a value of USD XX million by 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into high carbon type, low carbon type and other. On the basis of application, the market is segmented into stainless steel, engineering & alloy steel and other. Region-wise, the global Ferro Chrome market is divided into North America, Latin America, Europe Asia Pacific and Middle East & Africa. Some factors that are driving this market are growing demand for stainless steel in automotive applications; increasing demand for ferro chrome from foundries in China; growth in construction sector across emerging economies; rising consumption of ferro chrome by electric arc furnace (EAF) operators owing to its excellent properties such as resistance to abrasion etc.; stringent environmental regulations mandating use of low-carbon ferro chrome alloys across various industries etc. Some restraints that are hampering this growth include volatility in prices due to oversupply situation; availability issues with raw materials such as chromite ore concentrate etc.
Product Definition:
Ferrochrome (FeCr) is an alloy of chromium and iron. It is made by adding chromium to molten iron. Ferrochrome contains 50% to 70% chromium and 30% to 50% iron.
High Carbon Type:
High carbon types are materials that have more than 0.25 wt% carbon content by weight. The most common high carbon materials include graphite, coal, and coke oven emissions. High carbon types are used in the production of steel and iron ore as they help in increasing the hardness of both metals by making them less susceptible to corrosion when used with them during processing or as a result of their manufacturing process.
Low Carbon Type:
Low carbon types are used in the iron and cobalt market to produce high-grade, low carbon steel. The type of steel is determined by the amount of carbon content it contains. Low carbon types contain less than 0.25% Carbon and have a very fine grain size which gives them an excellent machinability & formability property along with easy welding ability on account of their fine grain size & smooth surface finish.
Application Insights:
Stainless steel was the largest application segment in 2016 and accounted for a market share of more than 45% in terms of revenue. The product is widely used to produce components for the kitchen and bathroom, which include taps, showerheads, bathtub fittings and other accessories. Increasing demand from construction industry is expected to drive product demand over the forecast period.
Engineering & alloy steel held a significant market share in 2016 owing to its wide application across various industries including automotive, building & construction and energy generation. The products are widely used across these industries due to properties such as strength corrosion resistance high hardness offered by FeCr alloys compared with carbon content on its own. Increasing industrialization especially in developing countries like India China etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and improving standard of living due to rising per capita income. Growing population coupled with rapid urbanization has resulted in an increased demand for housing construction materials across this region. This factor will further boost product demand over the forecast period.
Europe accounted for a significant share of global revenue in 2017 on account of high penetration rates observed for FeCr alloys in automotive industry across this region due to presence of major automobile manufacturers such as Daimler AG; BMW AG; Ford Motor Company; Fiat Chrysler Automobiles N.V.; Ferrari SPA; Volkswagen Group A GmbH & Co., Ltd.; Mercedes-Benz AMG GmbH & Co., Ltd.
Growth Factors:
- Increasing demand from the automotive and aerospace industries due to the superior properties of FeCr alloys over other materials.
- Growing popularity of stainless steel in construction and household appliances due to its corrosion resistance and durability.
- Rising demand for FeCr in energy-efficient technologies such as electric vehicles and wind turbines owing to its high melting point and thermal conductivity.
- Increasing use of FeCr in medical implants and prostheses due to its biocompatibility properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
FeCr Market Research Report
By Type
High Carbon Type, Low Carbon Type, Other
By Application
Stainless steel, Engineering & alloy steel, Other
By Companies
Glencore-Merafe, Eurasian Resources Group, Samancor Chrome, Hernic Ferrochrome, IFM, FACOR, Mintal Group, Tata Steel, IMFA, Shanxi Jiang County Minmetal, Glencore-Merafe, Ehui Group, Outokumpu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global FeCr Market Report Segments:
The global FeCr market is segmented on the basis of:
Types
High Carbon Type, Low Carbon Type, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Stainless steel, Engineering & alloy steel, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glencore-Merafe
- Eurasian Resources Group
- Samancor Chrome
- Hernic Ferrochrome
- IFM
- FACOR
- Mintal Group
- Tata Steel
- IMFA
- Shanxi Jiang County Minmetal
- Glencore-Merafe
- Ehui Group
- Outokumpu
Highlights of The FeCr Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Carbon Type
- Low Carbon Type
- Other
- By Application:
- Stainless steel
- Engineering & alloy steel
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FeCr Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FeCr is a ferromagnetic material that can be magnetized in either the north or south direction.
Some of the key players operating in the fecr market are Glencore-Merafe, Eurasian Resources Group, Samancor Chrome, Hernic Ferrochrome, IFM, FACOR, Mintal Group, Tata Steel, IMFA, Shanxi Jiang County Minmetal, Glencore-Merafe, Ehui Group, Outokumpu.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FeCr Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FeCr Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FeCr Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FeCr Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FeCr Market Size & Forecast, 2018-2028
4.5.1 FeCr Market Size and Y-o-Y Growth
4.5.2 FeCr Market Absolute $ Opportunity
Chapter 5 Global FeCr Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 FeCr Market Size Forecast by Type
5.2.1 High Carbon Type
5.2.2 Low Carbon Type
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FeCr Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 FeCr Market Size Forecast by Applications
6.2.1 Stainless steel
6.2.2 Engineering & alloy steel
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FeCr Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FeCr Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America FeCr Analysis and Forecast
9.1 Introduction
9.2 North America FeCr Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America FeCr Market Size Forecast by Type
9.6.1 High Carbon Type
9.6.2 Low Carbon Type
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America FeCr Market Size Forecast by Applications
9.10.1 Stainless steel
9.10.2 Engineering & alloy steel
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe FeCr Analysis and Forecast
10.1 Introduction
10.2 Europe FeCr Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe FeCr Market Size Forecast by Type
10.6.1 High Carbon Type
10.6.2 Low Carbon Type
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe FeCr Market Size Forecast by Applications
10.10.1 Stainless steel
10.10.2 Engineering & alloy steel
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific FeCr Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FeCr Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific FeCr Market Size Forecast by Type
11.6.1 High Carbon Type
11.6.2 Low Carbon Type
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific FeCr Market Size Forecast by Applications
11.10.1 Stainless steel
11.10.2 Engineering & alloy steel
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America FeCr Analysis and Forecast
12.1 Introduction
12.2 Latin America FeCr Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America FeCr Market Size Forecast by Type
12.6.1 High Carbon Type
12.6.2 Low Carbon Type
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America FeCr Market Size Forecast by Applications
12.10.1 Stainless steel
12.10.2 Engineering & alloy steel
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) FeCr Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FeCr Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) FeCr Market Size Forecast by Type
13.6.1 High Carbon Type
13.6.2 Low Carbon Type
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) FeCr Market Size Forecast by Applications
13.10.1 Stainless steel
13.10.2 Engineering & alloy steel
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FeCr Market: Competitive Dashboard
14.2 Global FeCr Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Glencore-Merafe
14.3.2 Eurasian Resources Group
14.3.3 Samancor Chrome
14.3.4 Hernic Ferrochrome
14.3.5 IFM
14.3.6 FACOR
14.3.7 Mintal Group
14.3.8 Tata Steel
14.3.9 IMFA
14.3.10 Shanxi Jiang County Minmetal
14.3.11 Glencore-Merafe
14.3.12 Ehui Group
14.3.13 Outokumpu
