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.
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:
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:
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
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:
Types
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.
Applications
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:
- 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
Highlights of The Magnesium Ferrosilicon 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:
- 0.5-3mm
- 3-5mm
- 5-15mm
- 15-25mm
- Other
- By Application:
- Casting
- Metallurgy
- 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 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
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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. M & M Alloys
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Westbrook Resources Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ferro Alloys Corporation Limited (FACOR)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hickman, Williams & Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DMS Powders
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Anyang Xinyi Alloy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kastwel Foundries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RIMA Industrial S/A
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baotou HEFA Rare Earth
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Anyang Changxin Special Alloy
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ASK Chemicals (Rhône Capital)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Akshit Enterprises
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
