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Global Ferroalloy Market to Reach US$53.56 Billion by 2020: Transparency Market Research

By Business Wire News   


Transparency Market Research has recently published a research report titled “Global Ferroalloy Market (Ferrochrome, Ferromanganese, Ferrosilicon and Others) – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”.The market was worth US$37.25 billion in 2013 and it is estimated to reach US$53.56 billion in 2020, increasing at compound annual growth rate of 5.4% during 2014 to 2020.

The report talks about the previous performances, current trends and future prospects of global ferroalloy market.

Browse Report:

Ferroalloy is a major raw material, which is used to produce steel. Generally, it is used as desulfurizing, deoxidizing and reinforcing agents. Development in the construction industry is resulting in heightened demand for steel, which is likely to drive the market. Improvement in high tensile strength and lightweight steel is expected to propel the demand for steel, which is expected to contribute to growth of the ferroalloy market.

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The ferroalloy market is analyzed on three fronts: Product, application and region. In 2013, ferromanganese held over 37% share of the ferroalloy market on the basis of product, while application wise, stainless steel industry dominated the market.

Press Release:

China came out as the leading consumer of ferroalloy in 2013 and is expected to grow at 4.6% CAGR during 2014 to 2020. Europe is expected to be the second biggest consumer of ferroalloy. Asia Pacific is estimated as one of the emerging market. North America and Rest of the World are likely to grow at a moderate pace during 2014 to 2020.

Key companies in the ferroalloy market are Shanghai Shenjia Ferroalloys Co. Ltd., Sinosteel Jilin Ferroalloy Corporation Limited, Eurasian Natural Resources Corporation PLC and S.C. Feral S.R.L. The new companies entering the market are expected to drive the overall market growth.

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About TMR

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453


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