Market Overview:
The global ferrochrome alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel and chromium alloys from various end-use industries, such as automotive, construction, and aerospace. In terms of type, the high carbon ferrochrome segment is expected to lead the market during the forecast period owing to its superior properties compared with other types of ferrochrome alloys. In terms of application, the steel industry segment is projected to lead the global ferrochrome alloy market during 2018-2030 due to rising demand for stainless steel from various end-use industries across regions.
Product Definition:
A ferrochrome alloy is a steel alloy that contains chromium. It is used to make stainless steel, which is corrosion resistant.
High Carbon Ferrochrome:
High carbon ferrochrome is a ferroalloy that contains more than usual amount of carbon. It has almost similar properties as low carbon ferrochrome but it can be used at higher temperatures and for longer periods of time. This alloy has many industrial applications such as in the production of automotive parts, machine tools parts, chemical processing equipment etc.
The demand for high carbon ferrochrome in the global market is expected to grow on account of its increasing application scope.
Medium Carbon Ferrochrome:
Medium carbon ferrochrome (MCF) is a form of ferrochrome containing between 16-22% carbon by weight. It has good corrosion resistance and high hardness, as compared to low and high carbon ferrochromes.
Application Insights:
The steel industry emerged as the largest application segment in 2017 and is projected to witness a CAGR of XX% over the forecast period. The product is used as an alloy in ferroalloying process wherein it acts as a hardening agent, strengthening agent and stabilizing element for hot-rolled carbon and low-alloyed steel sheets.
Ferrochrome also finds applications in other industries such as oil & gas, construction materials, automotive industry etc., however; its demand is negligible when compared to its consumption from the steel industry globally. Asia Pacific region has been recording high growth rate for several applications including construction materials due to rapid urbanization along with industrialization which has resulted into boosting product demand across various end-use industries within this region over the recent past years.
Regional Analysis:
Asia Pacific dominated the global ferrochrome market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising steel production in China, India, Japan, South Korea and Taiwan. In addition, increasing investments by various governments for developing infrastructure are likely to drive demand for steel products which will further propel market growth over the forecast period.
The European region accounted for a share of more than 20% in 2016 owing to high consumption levels of stainless steel followed by automotive industry coupled with growing construction sector mainly driven by emerging economies such as Russia and Poland is anticipated to augment product demand over the projected period.
In terms of volume, North America was estimated at 6073 tons in 2016 on account stainless steel production levels along with growing construction activities primarily driven by developing countries such as Mexico and Canada is anticipated would have a positive impact on industry growth through 2030 time frame).
Growth Factors:
- Growing demand from the automotive and construction industries
- Increasing use of ferrochrome alloy in stainless steel production
- Rising popularity of chrome-plated products
- Growing demand for high-performance alloys
- Technological advancements that improve the quality and efficiency of ferrochrome alloy
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrochrome Alloy Market Research Report
By Type
High Carbon Ferrochrome, Medium Carbon Ferrochrome, Low Carbon Ferrochrome, Micro-Carbon Ferro Chrome
By Application
Steel Industry, Smelting Industry, Other
By Companies
Afarak, ENRC, GLENCORE, Tata Steel, Samancor, Hernic Ferrochrome, Fondel Corporation, Tharisa, Westbrook Resources, ICT Group, Afarak, Rohit Ferro Tech, Tennant Metallurgical Group, Ferro Alloys Corporation, ZIMASCO, ZimAlloys, Maranatha Ferrochrome, Oliken Ferroalloys, Vargon Alloys, Indsil, Harsco
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Ferrochrome Alloy Market Report Segments:
The global Ferrochrome Alloy market is segmented on the basis of:
Types
High Carbon Ferrochrome, Medium Carbon Ferrochrome, Low Carbon Ferrochrome, Micro-Carbon Ferro Chrome
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 Industry, Smelting Industry, 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:
- Afarak
- ENRC
- GLENCORE
- Tata Steel
- Samancor
- Hernic Ferrochrome
- Fondel Corporation
- Tharisa
- Westbrook Resources
- ICT Group
- Afarak
- Rohit Ferro Tech
- Tennant Metallurgical Group
- Ferro Alloys Corporation
- ZIMASCO
- ZimAlloys
- Maranatha Ferrochrome
- Oliken Ferroalloys
- Vargon Alloys
- Indsil
- Harsco
Highlights of The Ferrochrome Alloy 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 Ferrochrome
- Medium Carbon Ferrochrome
- Low Carbon Ferrochrome
- Micro-Carbon Ferro Chrome
- By Application:
- Steel Industry
- Smelting Industry
- 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 Ferrochrome Alloy 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
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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?
Ferrochrome alloy is a type of alloy that is made up of ferrous and non-ferrous metals. The non-ferrous metal helps to create a stronger alloy, while the ferrous metal provides the necessary strength.
Some of the major companies in the ferrochrome alloy market are Afarak, ENRC, GLENCORE, Tata Steel, Samancor, Hernic Ferrochrome, Fondel Corporation, Tharisa, Westbrook Resources, ICT Group, Afarak, Rohit Ferro Tech, Tennant Metallurgical Group, Ferro Alloys Corporation, ZIMASCO, ZimAlloys, Maranatha Ferrochrome, Oliken Ferroalloys, Vargon Alloys, Indsil, Harsco.
The ferrochrome alloy 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 Ferrochrome Alloy 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 Ferrochrome Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrochrome Alloy 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 Ferrochrome Alloy 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 Ferrochrome Alloy Market Size & Forecast, 2020-2028
4.5.1 Ferrochrome Alloy Market Size and Y-o-Y Growth
4.5.2 Ferrochrome Alloy Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 High Carbon Ferrochrome
5.2.2 Medium Carbon Ferrochrome
5.2.3 Low Carbon Ferrochrome
5.2.4 Micro-Carbon Ferro Chrome
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Steel Industry
6.2.2 Smelting Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrochrome Alloy 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 Ferrochrome Alloy 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 High Carbon Ferrochrome
9.6.2 Medium Carbon Ferrochrome
9.6.3 Low Carbon Ferrochrome
9.6.4 Micro-Carbon Ferro Chrome
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 Market Size Forecast by Applications
9.10.1 Steel Industry
9.10.2 Smelting Industry
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 High Carbon Ferrochrome
10.6.2 Medium Carbon Ferrochrome
10.6.3 Low Carbon Ferrochrome
10.6.4 Micro-Carbon Ferro Chrome
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 Market Size Forecast by Applications
10.10.1 Steel Industry
10.10.2 Smelting Industry
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 High Carbon Ferrochrome
11.6.2 Medium Carbon Ferrochrome
11.6.3 Low Carbon Ferrochrome
11.6.4 Micro-Carbon Ferro Chrome
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 Market Size Forecast by Applications
11.10.1 Steel Industry
11.10.2 Smelting Industry
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 High Carbon Ferrochrome
12.6.2 Medium Carbon Ferrochrome
12.6.3 Low Carbon Ferrochrome
12.6.4 Micro-Carbon Ferro Chrome
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 Market Size Forecast by Applications
12.10.1 Steel Industry
12.10.2 Smelting Industry
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 High Carbon Ferrochrome
13.6.2 Medium Carbon Ferrochrome
13.6.3 Low Carbon Ferrochrome
13.6.4 Micro-Carbon Ferro Chrome
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) Market Size Forecast by Applications
13.10.1 Steel Industry
13.10.2 Smelting Industry
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 Ferrochrome Alloy Market: Competitive Dashboard
14.2 Global Ferrochrome Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Afarak
14.3.2 ENRC
14.3.3 GLENCORE
14.3.4 Tata Steel
14.3.5 Samancor
14.3.6 Hernic Ferrochrome
14.3.7 Fondel Corporation
14.3.8 Tharisa
14.3.9 Westbrook Resources
14.3.10 ICT Group
14.3.11 Afarak
14.3.12 Rohit Ferro Tech
14.3.13 Tennant Metallurgical Group
14.3.14 Ferro Alloys Corporation
14.3.15 ZIMASCO
14.3.16 ZimAlloys
14.3.17 Maranatha Ferrochrome
14.3.18 Oliken Ferroalloys
14.3.19 Vargon Alloys
14.3.20 Indsil
14.3.21 Harsco
