Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnesium Ferrosilicon Market by Type (0.5-3mm, 3-5mm, 5-15mm, 15-25mm, Other), By Application (Casting, Metallurgy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnesium Ferrosilicon Market by Type (0.5-3mm, 3-5mm, 5-15mm, 15-25mm, Other), By Application (Casting, Metallurgy, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138143 3300 Chemical & Material 377 245 Pages 4.5 (40)

Market Overview:

The global magnesium ferrosilicon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium ferrosilicon in various applications such as casting and metallurgy. In addition, the growing demand for magnesium ferrosilicon from developing countries is also contributing to the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period.

Global Magnesium Ferrosilicon Industry Outlook

Product Definition:

Magnesium Ferrosilicon alloy is a ferroalloy containing magnesium and silicon. It is used as a deoxidizer and desulfurizer in the steelmaking process.


0.5-3mm is the range of particle size for ferrosilicon. It’s also known as “Red Iron Oxide” or “RIS red iron oxide” and it has wide applications in industries such as automotive, construction, metallurgy and others owing to its superior properties including corrosion resistance, high melting point & density among others.


3-5mm is the part of ferrous silicide production process. It is also known as silicon tetrachloride (SiOC4H9) and commonly called 3-5. It has a pale yellow color, strong odor and taste, low molecular weight with powdery nature. Silicon tetrachloride can be used for many applications but it is majorly used in the production of Ferrosilicon (FeSi).

Application Insights:

Casting was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The rising demand for magnesium ferrosilicon from various sectors including automotive, construction, consumer goods, electronics and appliances are expected to drive the market growth.

Magnesium silicon content in steel making process plays a major role in controlling corrosion and increasing strength of steel. It also helps improve fuel efficiency by reducing carbon emissions produced during combustion engine operation. These factors are anticipated to increase product demand from casting applications over the forecast period.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2017, which can be attributed to increasing demand from China and India. In 2016, these countries had a combined population of nearly 3 billion people, making it one of the most populous regions globally.

The growing industrialization across Asia Pacific has led major players including Nippon Magnesium & Aluminum Co.

Growth Factors:

  • Growing demand from the automotive and aerospace industries for magnesium ferrosilicon alloys as a result of their high strength-to-weight ratio and corrosion resistance properties.
  • Increasing demand for magnesium ferrosilicon alloys in the construction industry due to their superior mechanical properties compared to other metals and alloys.
  • Rising demand for magnesium ferrosilicon alloys in electrical equipment owing to their excellent thermal conductivity properties.
  • Growing popularity of magnesium ferrosilicon alloy composites in medical implants due to their biocompatibility characteristics

Scope Of The Report

Report Attributes

Report Details

Report Title

Magnesium Ferrosilicon Market Research Report

By Type

0.5-3mm, 3-5mm, 5-15mm, 15-25mm, Other

By Application

Casting, Metallurgy, Other

By Companies

Globe Specialty Metals, M & M Alloys, Westbrook Resources Ltd, Ferro Alloys Corporation Limited (FACOR), Hickman, Williams & Company, DMS Powders, Anyang Xinyi Alloy, Kastwel Foundries, RIMA Industrial S/A, Baotou HEFA Rare Earth, Anyang Changxin Special Alloy, ASK Chemicals (Rhône Capital), Akshit Enterprises

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Magnesium Ferrosilicon Market Report Segments:

The global Magnesium Ferrosilicon market is segmented on the basis of:


0.5-3mm, 3-5mm, 5-15mm, 15-25mm, 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.


Casting, Metallurgy, 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:

  1. Globe Specialty Metals
  2. M & M Alloys
  3. Westbrook Resources Ltd
  4. Ferro Alloys Corporation Limited (FACOR)
  5. Hickman, Williams & Company
  6. DMS Powders
  7. Anyang Xinyi Alloy
  8. Kastwel Foundries
  9. RIMA Industrial S/A
  10. Baotou HEFA Rare Earth
  11. Anyang Changxin Special Alloy
  12. ASK Chemicals (Rhône Capital)
  13. Akshit Enterprises

Global Magnesium Ferrosilicon Market Overview

Highlights of The Magnesium Ferrosilicon Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. 0.5-3mm
    2. 3-5mm
    3. 5-15mm
    4. 15-25mm
    5. Other
  1. By Application:

    1. Casting
    2. Metallurgy
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Magnesium Ferrosilicon 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

Global Magnesium Ferrosilicon Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Magnesium ferrosilicon is a type of magnesium alloy that contains silicon and iron. It has a high melting point, making it ideal for use in heat-resistant applications. Magnesium ferrosilicon also has good resistance to corrosion and is often used in aerospace and automotive parts.

Some of the major players in the magnesium ferrosilicon market are Globe Specialty Metals, M & M Alloys, Westbrook Resources Ltd, Ferro Alloys Corporation Limited (FACOR), Hickman, Williams & Company, DMS Powders, Anyang Xinyi Alloy, Kastwel Foundries, RIMA Industrial S/A, Baotou HEFA Rare Earth, Anyang Changxin Special Alloy, ASK Chemicals (RhƒÂ´ne Capital), Akshit Enterprises.

The magnesium ferrosilicon market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnesium Ferrosilicon Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Magnesium Ferrosilicon Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Magnesium Ferrosilicon Market - Supply Chain
   4.5. Global Magnesium Ferrosilicon Market Forecast
      4.5.1. Magnesium Ferrosilicon Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnesium Ferrosilicon Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnesium Ferrosilicon Market Absolute $ Opportunity

5. Global Magnesium Ferrosilicon Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      5.3.1. 0.5-3mm
      5.3.2. 3-5mm
      5.3.3. 5-15mm
      5.3.4. 15-25mm
      5.3.5. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnesium Ferrosilicon Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      6.3.1. Casting
      6.3.2. Metallurgy
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnesium Ferrosilicon Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Magnesium Ferrosilicon Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Magnesium Ferrosilicon Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Magnesium Ferrosilicon Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Magnesium Ferrosilicon Demand Share Forecast, 2019-2029

9. North America Magnesium Ferrosilicon Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Magnesium Ferrosilicon Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      9.4.1. Casting
      9.4.2. Metallurgy
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      9.7.1. 0.5-3mm
      9.7.2. 3-5mm
      9.7.3. 5-15mm
      9.7.4. 15-25mm
      9.7.5. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Magnesium Ferrosilicon Demand Share Forecast, 2019-2029

10. Latin America Magnesium Ferrosilicon Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Magnesium Ferrosilicon Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      10.4.1. Casting
      10.4.2. Metallurgy
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      10.7.1. 0.5-3mm
      10.7.2. 3-5mm
      10.7.3. 5-15mm
      10.7.4. 15-25mm
      10.7.5. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Magnesium Ferrosilicon Demand Share Forecast, 2019-2029

11. Europe Magnesium Ferrosilicon Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Magnesium Ferrosilicon Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      11.4.1. Casting
      11.4.2. Metallurgy
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      11.7.1. 0.5-3mm
      11.7.2. 3-5mm
      11.7.3. 5-15mm
      11.7.4. 15-25mm
      11.7.5. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/rowth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Magnesium Ferrosilicon Demand Share, 2019-2029

12. Asia Pacific Magnesium Ferrosilicon Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Magnesium Ferrosilicon Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      12.4.1. Casting
      12.4.2. Metallurgy
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      12.7.1. 0.5-3mm
      12.7.2. 3-5mm
      12.7.3. 5-15mm
      12.7.4. 15-25mm
      12.7.5. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Magnesium Ferrosilicon Demand Share, 2019-2029

13. Middle East & Africa Magnesium Ferrosilicon Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Magnesium Ferrosilicon Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Magnesium Ferrosilicon Market Size and Volume Forecast by Application
      13.4.1. Casting
      13.4.2. Metallurgy
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Magnesium Ferrosilicon Market Size and Volume Forecast by Type
      13.7.1. 0.5-3mm
      13.7.2. 3-5mm
      13.7.3. 5-15mm
      13.7.4. 15-25mm
      13.7.5. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Magnesium Ferrosilicon Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Magnesium Ferrosilicon Market: Market Share Analysis
   14.2. Magnesium Ferrosilicon Distributors and Customers
   14.3. Magnesium Ferrosilicon Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Globe Specialty Metals Overview Financials Developments Strategic Outlook
      14.4.2. M & M Alloys Overview Financials Developments Strategic Outlook
      14.4.3. Westbrook Resources Ltd Overview Financials Developments Strategic Outlook
      14.4.4. Ferro Alloys Corporation Limited (FACOR) Overview Financials Developments Strategic Outlook
      14.4.5. Hickman, Williams & Company Overview Financials Developments Strategic Outlook
      14.4.6. DMS Powders Overview Financials Developments Strategic Outlook
      14.4.7. Anyang Xinyi Alloy Overview Financials Developments Strategic Outlook
      14.4.8. Kastwel Foundries Overview Financials Developments Strategic Outlook
      14.4.9. RIMA Industrial S/A Overview Financials Developments Strategic Outlook
      14.4.10. Baotou HEFA Rare Earth Overview Financials Developments Strategic Outlook
      14.4.11. Anyang Changxin Special Alloy Overview Financials Developments Strategic Outlook
      14.4.12. ASK Chemicals (Rhône Capital) Overview Financials Developments Strategic Outlook
      14.4.13. Akshit Enterprises Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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