세계의 페로실리콘 시장 규모, 점유율 및 동향 분석 보고서 : 용도별, 최종 용도별, 지역별, 부문별 예측(2024-2030년)

Ferrosilicon Market Growth & Trends:

The global ferrosilicon market size is expected to reach USD 13.67 billion by 2030, registering a CAGR of 2.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for ferrosilicon in the steel and cast iron industries is anticipated to contribute to market growth over the forecast period. Ferrosilicon is used as a deoxidizer in the steel industry to prevent the loss of carbon during the production process. As a result, rising investment in the steel industry is anticipated to augment the market growth. For instance, in January 2022, POSCO commenced construction of a new galvanized steel plant in Tangshan, Hebei, China, which is jointly owned by HBIS Group.

The USD 600 million plants are anticipated to have an annual production capacity of 900 kilotons and will supply galvanized steel sheets to the automotive industry. Furthermore, due to their long life span and good compressive strength, cast iron pipes are widely used in plumbing applications. Companies involved in cast iron pipe production are expanding their capacity, thereby fueling ferrosilicon consumption. For instance, in December 2021, AMERICAN SpiralWeld Pipe Company, a producer of cast iron pipe, announced its decision to invest USD 40 million to expand its operation in Richland County, U.S. Furthermore, rising investments in China's construction industry are expected to benefit market growth.

For instance, China initiated five major infrastructure projects in the third quarter of 2021, one of them was an investment of USD 4,793 million in the construction of a railway line from Liuzhou to Wuzhou covering a distance of 237.78 kilometers. Such projects are aiding the consumption of steel and related products, thereby, positively influencing market growth over the forecast period. The market is competitive with a presence of a large number of players scattered across different regions. To uphold and expand their presence, market vendors are involved in acquisition activities. For instance, in February 2022, Elkem ASA acquired the remaining 50% stake in the Salten energy recovery plant from Kvitebjorn Energi, thus, taking 100% ownership. This acquisition aims to enable the production of environmental-friendly ferrosilicon grade.

Ferrosilicon Market Report Highlights:

• The deoxidizer segment accounted for the largest revenue share of over 69.0% in 2023, and this trend is expected to continue across the predicted timeline. It finds use in steel production. According to World Steel Association, in 2022, global crude steel production was 1,831.5 million tons.
• Based on end-use, cast iron is anticipated to register the fastest CAGR of 3.5%, in terms of revenue, across the forecast period, owing to the use of ferrosilicon as an inoculant in the industry
• Further, the shifting trend from non-stick cookware to those made up of cast iron, owing to growing concerns about potential health risks, is projected to emerge as the key driver for cast iron end-use segment growth over the forecast period.
• Based on region, Asia Pacific dominated the market and accounted for a revenue share of nearly 66.0% in 2023. The rising production of automobiles and investments in the construction industry are influencing the demand for ferrosilicon in the region.
• In North America, the market is projected to witness a CAGR of 3.3%, in terms of revenue, over the forecast period. The U.S. is anticipated to be the major market of the North American region over the forecast period.

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation & Scope
• 1.2. Market Definition
• 1.3. Information Procurement
  • 1.3.1. Information Analysis
  • 1.3.2. Data Analysis Models
  • 1.3.3. Market Formulation & Data Visualization
  • 1.3.4. Data Validation & Publishing
• 1.4. Research Scope and Assumptions
  • 1.4.1. List of Data Sources

Chapter 2. Executive Summary

• 2.1. Market Outlook
• 2.2. Segmental Outlook
• 2.3. Competitive Outlook

Chapter 3. Market Variables, Trends, and Scope

• 3.1. Market Lineage Outlook
  • 3.1.1. Global Ferroalloys Market Outlook
• 3.2. Industry Value Chain Analysis
  • 3.2.1. Raw Material Trends
• 3.3. Technology Overview
• 3.4. Regulatory Framework
• 3.5. Market Dynamics
  • 3.5.1. Market Driver Analysis
  • 3.5.2. Market Restraint Analysis
  • 3.5.3. Market Opportunity Analysis
  • 3.5.4. Market Challenges
• 3.6. Porter's Five Forces Analysis
  • 3.6.1. Bargaining Power of Suppliers
  • 3.6.2. Bargaining Power of Buyers
  • 3.6.3. Threat of Substitution
  • 3.6.4. Threat of New Entrants
  • 3.6.5. Competitive Rivalry
• 3.7. PESTLE Analysis
  • 3.7.1. Political
  • 3.7.2. Economic
  • 3.7.3. Social Landscape
  • 3.7.4. Technology
  • 3.7.5. Environmental
  • 3.7.6. Legal

Chapter 4. Ferrosilicon Market: Application Estimates & Trend Analysis

• 4.1. Ferrosilicon Market: Application Movement Analysis, 2023 & 2030
• 4.2. Deoxidizer
  • 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 4.3. Inoculant
  • 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 4.4. Others
  • 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Ferrosilicon Market: End-Use Estimates & Trend Analysis

• 5.1. Ferrosilicon Market: End-Use Movement Analysis, 2023 & 2030
• 5.2. Carbon & Other Alloy Steel
  • 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 5.3. Stainless Steel
  • 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 5.4. Electric Steel
  • 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 5.5. Cast Iron
  • 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
• 5.6. Others
  • 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Ferrosilicon Market: Regional Estimates & Trend Analysis

• 6.1. Regional Analysis, 2023 & 2030
• 6.2. North America
  • 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 6.2.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.2.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.2.4. U.S.
    • 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.2.5. Canada
    • 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.2.6. Mexico
    • 6.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.2.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
• 6.3. Europe
  • 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.4. Germany
    • 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.5. France
    • 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.6. UK
    • 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.7. Italy
    • 6.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.8. Russia
    • 6.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.8.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.3.9. Turkey
    • 6.3.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.9.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.9.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
• 6.4. Asia Pacific
  • 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4.4. China
    • 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4.5. India
    • 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4.6. Japan
    • 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
• 6.5. Central & South America
  • 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 6.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.5.4. Brazil
    • 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
• 6.6. Middle East & Africa
  • 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  • 6.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  • 6.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.6.4. GCC
    • 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)

Chapter 7. Competitive Landscape

• 7.1. Recent Developments & Impact Analysis, By Key Market Participants
• 7.2. Company Categorization
• 7.3. Company Ranking
• 7.4. Heat Map Analysis
• 7.5. Vendor Landscape
  • 7.5.1. List of Raw Material Suppliers
  • 7.5.2. List of Distributors
  • 7.5.3. List of Other Prominent Manufacturers
  • 7.5.4. List of Prospective End-Users
• 7.6. Strategy Mapping
• 7.7. Company Profiles/Listing
  • 7.7.1. Elkem ASA
    • 7.7.1.1. Company overview
    • 7.7.1.2. Financial performance
    • 7.7.1.3. Product benchmarking
  • 7.7.2. Eurasian Resources Group
    • 7.7.2.1. Company overview
    • 7.7.2.2. Financial performance
    • 7.7.2.3. Product benchmarking
  • 7.7.3. FINNFJORD AS
    • 7.7.3.1. Company overview
    • 7.7.3.2. Financial performance
    • 7.7.3.3. Product benchmarking
  • 7.7.4. Ferroglobe
    • 7.7.4.1. Company overview
    • 7.7.4.2. Financial performance
    • 7.7.4.3. Product benchmarking
  • 7.7.5. FENGERDA GROUP
    • 7.7.5.1. Company overview
    • 7.7.5.2. Product benchmarking
  • 7.7.6. IMFA
    • 7.7.6.1. Company overview
    • 7.7.6.2. Product benchmarking
  • 7.7.7. OM Holdings Ltd.
    • 7.7.7.1. Company overview
    • 7.7.7.2. Product benchmarking
  • 7.7.8. Russian Ferro-Alloys Inc.
    • 7.7.8.1. Company overview
    • 7.7.8.2. Product benchmarking
  • 7.7.9. SINOGU CHINA
    • 7.7.9.1. Company overview
    • 7.7.9.2. Product benchmarking
  • 7.7.10. VBC Ferro Alloys Limited
    • 7.7.10.1. Company overview
    • 7.7.10.2. Financial performance
    • 7.7.10.3. Product benchmarking