Market Overview:
The global ferroboron market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel and cast iron from various end-use industries, globally. Ferroboron is used as an alloying agent in steel and cast iron production, which enhances the properties of these metals. In addition, the growing automotive industry is also contributing to the growth of the ferroboron market. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
Ferroboron is a compound made up of iron and boron. It has a variety of applications, including in the production of alloys and as a deoxidizer in steelmaking.
Low Carbon (C¢â€°¤0.05%¯½Å¾0.1%, 9%¯½Å¾25%B):
Low carbon ferroboron is a new term in the market and it has been used for only about two years. It was developed to differentiate between normal (high carbon) and slightly low (carbon below standard) boron levels present in a particular alloy. The slight difference between the two makes it possible to produce special alloys that have properties superior to those of normal high-carbon steel, while at the same time being easier on the eyes than most other steels.
Medium Carbon (C¢â€°¤2.5%, 4%~19%B):
Medium carbon is a form of carbon, which has molecular formula C?2.5H?4. It is also known as peat or lignite and occurs in nature as a result of incomplete combustion of organic materials in forest fires or bushfires. The majority source for production of medium carbon is from biomass (for example, coal-fired power stations).
Application Insights:
The steel application segment led the global ferroboron market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for steel from construction, automotive, infrastructure and manufacturing sectors across the globe.
Cast iron applications are expected to witness significant growth over the next six years owing to its rising use in various industries including energy, transportation and building as it has properties such as high melting point (2°C higher than that of pig iron), low carbon content (0.3% maximum) which makes it suitable for gas heaters & furnaces used in hospitals, hotels or commercial buildings among others.
Ferrochrome is an alloy made up of boron with varying amounts of carbon content ranging from 0.5% up to 19%.
Regional Analysis:
Asia Pacific dominated the global ferroboron market in 2016 and is expected to continue its dominance over the forecast period. The presence of major steel producers such as Nippon Steel & Sumitomo Metal Corporation in Japan, India's Jain Irrigation and Tata Motors among others are anticipated to drive demand for this product over the forecast period. In addition, growing automotive production mainly due to low labor costs is likely to have a positive impact on industry growth.
The European market was valued at USD X million in 2016 owing to high consumption of iron ore from steel production coupled with stringent environmental regulations by various regulatory bodies such as REACH that has resulted in rising adoption of alternatives for reducing dust emissions during mining operations thus affecting industry growth negatively. However, increasing investments towards research & development activities aimed at producing sustainable products are expected favorably impact industry growth over the next eight years or so.
Growth Factors:
- Increasing demand for ferroboron from the steel and aluminum industries as a deoxidizer and alloying agent.
- Growing demand for ferroboron in the chemical industry as a catalyst and precursor to other chemicals.
- Rising use of ferroboron in the production of high-strength magnets, superconductors, and other advanced materials.
- Growing popularity of ferroboron among battery manufacturers due to its high electrical conductivity and low toxicity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferroboron Market Research Report
By Type
Low Carbon (C≤0.05%～0.1%, 9%～25%B), Medium Carbon (C≤2.5%, 4%~19%B)
By Application
Steel, Cast Iron
By Companies
Amg Advanced Metallurgical, Eti Maden, Nippon Denko, Dandong Lifeng Ferroboron, Anyang Jinhui Tiehejin, Kuandian Xinfa Penghejin, Liaoyang Internation Boronalloys, Kuandian Sanyou Penghejin, Tieling BMT
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Ferroboron Market Report Segments:
The global Ferroboron market is segmented on the basis of:
Types
Low Carbon (C≤0.05%～0.1%, 9%～25%B), Medium Carbon (C≤2.5%, 4%~19%B)
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
Steel, Cast Iron
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:
- Amg Advanced Metallurgical
- Eti Maden
- Nippon Denko
- Dandong Lifeng Ferroboron
- Anyang Jinhui Tiehejin
- Kuandian Xinfa Penghejin
- Liaoyang Internation Boronalloys
- Kuandian Sanyou Penghejin
- Tieling BMT
Highlights of The Ferroboron 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:
- Low Carbon (C≤0.05%～0.1%, 9%～25%B)
- Medium Carbon (C≤2.5%, 4%~19%B)
- By Application:
- Steel
- Cast Iron
- 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 Ferroboron 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?
Ferroboron is a rare earth metal with the chemical formula of FeB6. It has a bright, silvery appearance and is often used in jewelry and other decorative items.
Some of the major players in the ferroboron market are Amg Advanced Metallurgical, Eti Maden, Nippon Denko, Dandong Lifeng Ferroboron, Anyang Jinhui Tiehejin, Kuandian Xinfa Penghejin, Liaoyang Internation Boronalloys, Kuandian Sanyou Penghejin, Tieling BMT.
The ferroboron market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferroboron 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 Ferroboron Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferroboron 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 Ferroboron 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 Ferroboron Market Size & Forecast, 2018-2028
4.5.1 Ferroboron Market Size and Y-o-Y Growth
4.5.2 Ferroboron Market Absolute $ Opportunity
Chapter 5 Global Ferroboron 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 Ferroboron Market Size Forecast by Type
5.2.1 Low Carbon (C≤0.05%～0.1%
5.2.2 9%～25%B)
5.2.3 Medium Carbon (C≤2.5%
5.2.4 4%~19%B)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ferroboron 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 Ferroboron Market Size Forecast by Applications
6.2.1 Steel
6.2.2 Cast Iron
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferroboron 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 Ferroboron 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 Ferroboron Analysis and Forecast
9.1 Introduction
9.2 North America Ferroboron 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 Ferroboron Market Size Forecast by Type
9.6.1 Low Carbon (C≤0.05%～0.1%
9.6.2 9%～25%B)
9.6.3 Medium Carbon (C≤2.5%
9.6.4 4%~19%B)
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 Ferroboron Market Size Forecast by Applications
9.10.1 Steel
9.10.2 Cast Iron
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 Ferroboron Analysis and Forecast
10.1 Introduction
10.2 Europe Ferroboron 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 Ferroboron Market Size Forecast by Type
10.6.1 Low Carbon (C≤0.05%～0.1%
10.6.2 9%～25%B)
10.6.3 Medium Carbon (C≤2.5%
10.6.4 4%~19%B)
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 Ferroboron Market Size Forecast by Applications
10.10.1 Steel
10.10.2 Cast Iron
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 Ferroboron Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ferroboron 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 Ferroboron Market Size Forecast by Type
11.6.1 Low Carbon (C≤0.05%～0.1%
11.6.2 9%～25%B)
11.6.3 Medium Carbon (C≤2.5%
11.6.4 4%~19%B)
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 Ferroboron Market Size Forecast by Applications
11.10.1 Steel
11.10.2 Cast Iron
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 Ferroboron Analysis and Forecast
12.1 Introduction
12.2 Latin America Ferroboron 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 Ferroboron Market Size Forecast by Type
12.6.1 Low Carbon (C≤0.05%～0.1%
12.6.2 9%～25%B)
12.6.3 Medium Carbon (C≤2.5%
12.6.4 4%~19%B)
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 Ferroboron Market Size Forecast by Applications
12.10.1 Steel
12.10.2 Cast Iron
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) Ferroboron Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ferroboron 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) Ferroboron Market Size Forecast by Type
13.6.1 Low Carbon (C≤0.05%～0.1%
13.6.2 9%～25%B)
13.6.3 Medium Carbon (C≤2.5%
13.6.4 4%~19%B)
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) Ferroboron Market Size Forecast by Applications
13.10.1 Steel
13.10.2 Cast Iron
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 Ferroboron Market: Competitive Dashboard
14.2 Global Ferroboron Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amg Advanced Metallurgical
14.3.2 Eti Maden
14.3.3 Nippon Denko
14.3.4 Dandong Lifeng Ferroboron
14.3.5 Anyang Jinhui Tiehejin
14.3.6 Kuandian Xinfa Penghejin
14.3.7 Liaoyang Internation Boronalloys
14.3.8 Kuandian Sanyou Penghejin
14.3.9 Tieling BMT
