Market Overview:
The global ferrosilicon magnesium 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 ferrosilicon magnesium from various end-use industries, such as low carbon steel and iron. In terms of volume, the North America region is projected to lead the global market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Ferrosilicon magnesium is an alloy of iron and magnesium. It is used to make castings and to improve the machinability of steel.
Less Than 3 mm:
Less than 3 mm is a range of particles size which is used in ferrosilicon magnesium production. It's particle size varies between 0.3 to 2.0 ?m and it's length depends upon the type of process used for its separation from the feed material, generally it takes place by sintering and flotation methods.
3-5 mm:
3-5 mm is the part of ferrosilicon which is used in magnesium production. It's a very small particle size and it has high melting point. 3-5 mm ferrosilicon particles are added to molten magnesium during its processing, so as to obtain the final product with higher density and better flow characteristics.
It helps in increasing the productivity of magnesium production process by almost 20%.
Application Insights:
The global ferrosilicon magnesium market is segmented on the basis of application into low carbon steel, iron and others. Low carbon steel was estimated as the largest application segment in 2017 and accounted for over 40% of total demand. The product is used to manufacture low-carbon & high-alloyed steels which are further utilized in construction, automotive, energy generation sectors among others.
Increasing demand for construction materials from emerging economies such as India and China has been a major factor driving the growth of this industry globally over the past few years. Rapid urbanization coupled with rising housing needs across developing countries has resulted in an increased requirement for building materials including cement and steel which positively impacts industry growth worldwide.
Regional Analysis:
Asia Pacific dominated the global ferrosilicon magnesium market in terms of volume share and will continue to be the largest market over the forecast period. The region is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for steel from developing economies such as China, India, Indonesia, Vietnam and South Korea. In addition, rising construction spending due to growing urbanization in these countries is likely boost product demand further.
The presence of key steel producers including Nippon Steel & Sumitomo Metal Corporation (NSSMC) has led Japan; followed by Australia which are among top 10 producers globally; and Belgium which is one of Europe’s major exporters with production facilities based in both Europe and Asia Pacific will also have positive impact on regional growth over next eight years or so.
Growth Factors:
- Growing demand from the automotive and aerospace industries for lightweight alloys that can improve fuel efficiency is expected to drive the growth of the ferrosilicon magnesium market.
- Increasing use of ferrosilicon magnesium in construction and infrastructure projects is also anticipated to boost market growth over the forecast period.
- Rising demand for high-strength, corrosion-resistant magnesium alloys from various end-use industries is projected to propel market expansion during the forecast period.
- Growing popularity of magnesite refractories owing to their superior thermal shock resistance is likely to create new opportunities for ferrosilicon magnesium manufacturers in the near future. 5) Technological advancements that result in improved production efficiency are expected to provide a fillip to market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrosilicon Magnesium Market Research Report
By Type
Less Than 3 mm, 3-5 mm, 5-15 mm, 15-25 mm, Above 25 mm
By Application
Low Carbon Steel, Iron
By Companies
FerroGlobe, All Minmetal International, Hickman Williams & Co, Henan Hexing, Elkem ASA, M & M Alloys, Eshtehard Alloys, Ferro Alloys Corporation, Prithvi Group, Kastwel, Snam Alloys, Anyang Huatuo Metallurgy, Henan Xinxin Silicon Alloy, Anyang Xinyi Alloy, The Lakshmi Group, Akshit Enterprises Pvt. ltd.
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Ferrosilicon Magnesium Market Report Segments:
The global Ferrosilicon Magnesium market is segmented on the basis of:
Types
Less Than 3 mm, 3-5 mm, 5-15 mm, 15-25 mm, Above 25 mm
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
Low Carbon Steel, 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:
- FerroGlobe
- All Minmetal International
- Hickman Williams & Co
- Henan Hexing
- Elkem ASA
- M & M Alloys
- Eshtehard Alloys
- Ferro Alloys Corporation
- Prithvi Group
- Kastwel
- Snam Alloys
- Anyang Huatuo Metallurgy
- Henan Xinxin Silicon Alloy
- Anyang Xinyi Alloy
- The Lakshmi Group
- Akshit Enterprises Pvt. ltd.
Highlights of The Ferrosilicon Magnesium 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:
- Less Than 3 mm
- 3-5 mm
- 5-15 mm
- 15-25 mm
- Above 25 mm
- By Application:
- Low Carbon Steel
- 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 Ferrosilicon Magnesium 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?
Ferrosilicon Magnesium is a type of magnesium alloy that contains ferrosilicon. It has a higher melting point than regular magnesium, making it ideal for use in high-temperature applications.
Some of the major companies in the ferrosilicon magnesium market are FerroGlobe, All Minmetal International, Hickman Williams & Co, Henan Hexing, Elkem ASA, M & M Alloys, Eshtehard Alloys, Ferro Alloys Corporation, Prithvi Group, Kastwel, Snam Alloys, Anyang Huatuo Metallurgy, Henan Xinxin Silicon Alloy, Anyang Xinyi Alloy, The Lakshmi Group, Akshit Enterprises Pvt. ltd..
The ferrosilicon magnesium market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrosilicon Magnesium 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 Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size & Forecast, 2018-2028
4.5.1 Ferrosilicon Magnesium Market Size and Y-o-Y Growth
4.5.2 Ferrosilicon Magnesium Market Absolute $ Opportunity
Chapter 5 Global Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Type
5.2.1 Less Than 3 mm
5.2.2 3-5 mm
5.2.3 5-15 mm
5.2.4 15-25 mm
5.2.5 Above 25 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Applications
6.2.1 Low Carbon Steel
6.2.2 Iron
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrosilicon Magnesium 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 Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Analysis and Forecast
9.1 Introduction
9.2 North America Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Type
9.6.1 Less Than 3 mm
9.6.2 3-5 mm
9.6.3 5-15 mm
9.6.4 15-25 mm
9.6.5 Above 25 mm
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 Ferrosilicon Magnesium Market Size Forecast by Applications
9.10.1 Low Carbon Steel
9.10.2 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 Ferrosilicon Magnesium Analysis and Forecast
10.1 Introduction
10.2 Europe Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Type
10.6.1 Less Than 3 mm
10.6.2 3-5 mm
10.6.3 5-15 mm
10.6.4 15-25 mm
10.6.5 Above 25 mm
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 Ferrosilicon Magnesium Market Size Forecast by Applications
10.10.1 Low Carbon Steel
10.10.2 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 Ferrosilicon Magnesium Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Type
11.6.1 Less Than 3 mm
11.6.2 3-5 mm
11.6.3 5-15 mm
11.6.4 15-25 mm
11.6.5 Above 25 mm
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 Ferrosilicon Magnesium Market Size Forecast by Applications
11.10.1 Low Carbon Steel
11.10.2 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 Ferrosilicon Magnesium Analysis and Forecast
12.1 Introduction
12.2 Latin America Ferrosilicon Magnesium 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 Ferrosilicon Magnesium Market Size Forecast by Type
12.6.1 Less Than 3 mm
12.6.2 3-5 mm
12.6.3 5-15 mm
12.6.4 15-25 mm
12.6.5 Above 25 mm
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 Ferrosilicon Magnesium Market Size Forecast by Applications
12.10.1 Low Carbon Steel
12.10.2 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) Ferrosilicon Magnesium Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ferrosilicon Magnesium 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) Ferrosilicon Magnesium Market Size Forecast by Type
13.6.1 Less Than 3 mm
13.6.2 3-5 mm
13.6.3 5-15 mm
13.6.4 15-25 mm
13.6.5 Above 25 mm
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) Ferrosilicon Magnesium Market Size Forecast by Applications
13.10.1 Low Carbon Steel
13.10.2 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 Ferrosilicon Magnesium Market: Competitive Dashboard
14.2 Global Ferrosilicon Magnesium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FerroGlobe
14.3.2 All Minmetal International
14.3.3 Hickman Williams & Co
14.3.4 Henan Hexing
14.3.5 Elkem ASA
14.3.6 M & M Alloys
14.3.7 Eshtehard Alloys
14.3.8 Ferro Alloys Corporation
14.3.9 Prithvi Group
14.3.10 Kastwel
14.3.11 Snam Alloys
14.3.12 Anyang Huatuo Metallurgy
14.3.13 Henan Xinxin Silicon Alloy
14.3.14 Anyang Xinyi Alloy
14.3.15 The Lakshmi Group
14.3.16 Akshit Enterprises Pvt. ltd.
