|By PR Newswire||
|August 11, 2014 10:30 AM EDT||
ALBANY, New York, August 11, 2014 /PRNewswire/ --
Transparency Market Research has released a new report titled "Ferroalloy (Ferrochrome, Ferromanganese, Ferrosilicon and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global ferroalloy market was valued at USD 37.25 billion in 2013 and is anticipated to reach USD 53.56 billion in 2020, expanding at a CAGR of 5.4% between 2014 and 2020.
Ferroalloy is one of the major raw materials used in the manufacture of steel. Ferroalloys impart distinctive qualities to steel and cast iron. Ferroalloy is widely used as deoxidizing, desulfurizing and reinforcing agents. This helps in the removal of sulfur, phosphorus and oxygen impurities that are present in iron ores and this iron ores are used in the manufacture of steel. Thus, growth in the steel industry is estimated to boost the overall ferroalloy market. Furthermore, growth in the construction industry, especially in BRICS countries, is likely to increase the demand for steel. This, in turn, is projected to drive the overall growth of the ferroalloy market. However, high operational cost coupled with stringent environmental regulations is expected to hamper growth of the ferroalloy market in the near future. Development of lightweight, high tensile strength steel is anticipated to boost demand for steel, especially in the automobile industry. This is further estimated to augment growth of the ferroalloy market.
Browse the full Global Ferroalloy Market Report at http://www.transparencymarketresearch.com/ferroalloy-market.html
Ferromanganese is one of the ferroalloy that is produced as well as consumed on a large-scale. In terms of volume, it accounted for over 37% share of the overall ferroalloy market in 2013. With over two-third share of total consumption in 2013, stainless steel industry was the major application segment of the ferroalloy market. Ferrochrome provides corrosion resistance to stainless steel. Demand for ferrochrome is rising due to increasing demand for anticorrosive steel from the automobile industry. Ferrosilicon is primarily used as a deoxidizing and alloying agent in the steel manufacturing process.
China emerged as the leading consumer of ferroalloy in 2013. Presence of large number of steel manufacturers with high production capacities is expected to boost demand for ferroalloy in China. In terms of volume, China is anticipated to grow at a CAGR of 4.6% between 2014 and 2020. China was followed by Europe, which is estimated to be the next major consumer of ferroalloy due to increasing demand for steel from the automobile industry. Rest of Asia Pacific is projected to be one of the emerging markets for ferroalloys owing to rising demand for steel from the construction industry, especially in India and Japan. North America and Rest of the World are likely to experience sluggish growth during the forecast period.
Related & Recently Published Reports by Transparency Market Research
- Rare Earth Metals Market: http://www.transparencymarketresearch.com/rare-earths.html
- Calcium Carbonate Market: http://www.transparencymarketresearch.com/calcium-carbonate-market.html
- Kaolin and Metakaolin Market: http://www.transparencymarketresearch.com/kaolin-market.html
The global ferroalloy market is highly fragmented in nature. Major players in the ferroalloy market include Eurasian Natural Resources Corporation PLC (ENRC), Sinosteel Jilin Ferroalloy Corporation Limited, S.C. Feral S.R.L. and Shanghai Shenjia Ferroalloys Co. Ltd. Entry of new players, especially in Rest of Asia Pacific, is likely to boost the overall market growth.
This report segments the global ferroalloy market as follows:
- Ferroalloy Market - Product Segment Analysis
- Others (Ferrotungsten, ferronickel, ferroboron, etc)
- Ferroalloy Market - Regional Analysis
- North America
- Rest of Asia Pacific
- Rest of the World
Browse All Metals And Minerals Market Research Reports @ http://www.transparencymarketresearch.com/metals-and-minerals-market-reports-20.html
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Browse Press Release of Ferroalloy Market at @ http://www.transparencymarketresearch.com/pressrelease/ferroalloy-market.htm
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Company Blog: http://www.tmrblog.com/
Browse All PR: http://www.transparencymarketresearch.com/press-releases.htm
Browse All Articles: http://www.transparencymarketresearch.com/articles.htm
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Oct. 13, 2015 10:15 PM EDT Reads: 167
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data ...
Oct. 13, 2015 09:00 PM EDT Reads: 263
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity....
Oct. 13, 2015 09:00 PM EDT Reads: 501
As operational failure becomes more acceptable to discuss within the software industry, the necessity for holding constructive, actionable postmortems increases. But most of what we know about postmortems from "pop culture" isn't actually relevant for the software systems we work on and within. In his session at DevOps Summit, J. Paul Reed will look at postmortem pitfalls, techniques, and tools you'll be able to take back to your own environment so they will be able to lay the foundations for h...
Oct. 13, 2015 08:45 PM EDT Reads: 249
Containers are all the rage among developers and web companies, but they also represent two very substantial benefits to larger organizations. First, they have the potential to dramatically accelerate the application lifecycle from software builds and testing to deployment and upgrades. Second they represent the first truly hybrid-approach to consuming infrastructure, allowing organizations to run the same workloads on any cloud, virtual machine or physical server. Together, they represent a ver...
Oct. 13, 2015 08:45 PM EDT Reads: 274
This week, the team assembled in NYC for @Cloud Expo 2015 and @ThingsExpo 2015. For the past four years, this has been a must-attend event for MetraTech. We were happy to once again join industry visionaries, colleagues, customers and even competitors to share and explore the ways in which the Internet of Things (IoT) will impact our industry. Over the course of the show, we discussed the types of challenges we will collectively need to solve to capitalize on the opportunity IoT presents.
Oct. 13, 2015 08:30 PM EDT Reads: 149
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Oct. 13, 2015 08:15 PM EDT Reads: 225
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Oct. 13, 2015 08:00 PM EDT Reads: 279
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Oct. 13, 2015 07:00 PM EDT Reads: 1,505
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Oct. 13, 2015 07:00 PM EDT Reads: 286
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Oct. 13, 2015 06:15 PM EDT Reads: 1,234
For almost two decades, businesses have discovered great opportunities to engage with customers and even expand revenue through digital systems, including web and mobile applications. Yet, even now, the conversation between the business and the technologists that deliver these systems is strained, in large part due to misaligned objectives. In his session at DevOps Summit, James Urquhart, Senior Vice President of Performance Analytics at SOASTA, Inc., will discuss how measuring user outcomes –...
Oct. 13, 2015 06:00 PM EDT Reads: 555
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
Oct. 13, 2015 04:00 PM EDT Reads: 730
SYS-CON Events announced today that Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, will keynote at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 13, 2015 03:15 PM EDT Reads: 260
Saviynt Inc. has announced the availability of the next release of Saviynt for AWS. The comprehensive security and compliance solution provides a Command-and-Control center to gain visibility into risks in AWS, enforce real-time protection of critical workloads as well as data and automate access life-cycle governance. The solution enables AWS customers to meet their compliance mandates such as ITAR, SOX, PCI, etc. by including an extensive risk and controls library to detect known threats and b...
Oct. 13, 2015 03:00 PM EDT Reads: 331