Welcome!

News Feed Item

Global Ferroalloy (Ferrochrome, Ferromanganese, Ferrosilicon and Others) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2020

DUBLIN, Aug. 22, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Ferroalloy (Ferrochrome, Ferromanganese, Ferrosilicon and Others) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2020" report to their offering.

600769

Ferroalloy refers to compounds that contain iron as well as other elements such as silicon, manganese and chromium. Ferroalloy is commonly manufactured through the carbothermic reaction process. This process entails reduction of oxides with carbon in the presence of iron. Ferroalloy is usually classified as bulk ferroalloys and other ferroalloys. Bulk ferroalloys include ferrosilicon, ferrochrome and ferromanganese. Bulk ferroalloys are manufactured and utilized in large quantities as compared to other ferroalloys. Other ferroalloys include ferrotitanium, ferrouranium, ferrocerium, ferromolybdenum and ferrovanadium. Ferroalloys are widely used in the manufacture of different types of steel such as stainless steel, carbon steel and alloy steel.

With over two-third share of total consumption in 2013, stainless steel industry was the major application segment of the ferroalloy market. Ferroalloy is used to impart distinctive physical properties to steel by addition of various elements such as manganese, chromium and silicon. Ferromanganese is primarily used to counteract the harmful effects of sulfur during the production of virtually all types of steel and cast iron. Ferrosilicon is primarily used as a deoxidizing and alloying agent in the steel manufacturing process. On the other hand, ferrochrome imparts corrosion resistance to stainless steel.

Thus, growth in the steel industry is expected to boost the overall demand for ferroalloys. Additionally, growth in the construction industry, especially in BRICS countries, is anticipated to boost the overall demand for steel. This, in turn, is anticipated to drive the ferroalloy market. The ferroalloy industry largely depends on the supply of electric power, ores & concentrates, and coal and natural gas. Therefore, high operational cost coupled with stringent environmental regulations is estimated to hamper the overall growth of the ferroalloy market. However, development of lightweight, high strength steel grades is projected to open new avenues for the ferroalloy market in the near future.

Ferromanganese accounted for over 37% share of total ferroalloy consumed in 2013. In terms of volume, the global ferromanganese market is likely to grow at a CAGR of 4.5% between 2014 and 2020. Ferromanganese is widely used in steelmaking and foundry activities. Furthermore, ferromanganese is one of the cheapest alloys. It enhances mechanical properties such as toughness and strength. Ferrochrome is widely used in the manufacture of stainless steel. 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. In terms of revenue, the ferrosilicon market is anticipated to be valued at USD 9.27 billion by 2020.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Ferroalloy - Industry Analysis

Chapter 4 Ferroalloy Market - Product Segment Analysis

Chapter 5 Ferroalloy Market - Regional Analysis

Chapter 6 Company Profiles

Companies Mentioned:

  • China Minmetals Corporation
  • Eurasian Natural Resources Corporation PLC
  • Ferro Alloys Corporation Limited
  • Georgian American Alloys, Inc.
  • Nikopol Ferroalloy Plant
  • OM Holdings Ltd.
  • S.C. Feral S.R.L.
  • Shanghai Shenjia Ferroalloys Co. Ltd.
  • Sinosteel Jilin Ferroalloy Corporation Limited
  • Tata Steel Limited - Ferro Alloys & Minerals Division

For more information visit http://www.researchandmarkets.com/research/vg5rwd/global_ferroalloy

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Transforming cloud-based data into a reportable format can be a very expensive, time-intensive and complex operation. As a SaaS platform with more than 30 million global users, Cornerstone OnDemand’s challenge was to create a scalable solution that would improve the time it took customers to access their user data. Our Real-Time Data Warehouse (RTDW) process vastly reduced data time-to-availability from 24 hours to just 10 minutes. In his session at 21st Cloud Expo, Mark Goldin, Chief Technolo...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
In the fast-paced advances and popularity in cloud technology, one of the most critical factors revolves around concerns for security of your critical data. How to assure both your company and your customers they can confidently trust and utilize your cloud environment is most often top on the list. There is a method to evaluating and providing security that exceeds conventional modes of protecting data both within the cloud as well externally on mobile and other devices. With the public failure...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, will provide a fun and simple way to introduce Machine Leaning to anyone and everyone. Together we will solve a machine learning problem and find an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intellige...