+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2014-07-29Number of Pages: 72

Global Ferroalloy Market (Ferrochrome, Ferromanganese, Ferrosilicon and Others) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

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.

China emerged as the leading consumer of ferroalloy in 2013. Presence of large number of steel manufacturers with high production capacities is estimated to boost the demand for ferroalloy in China. In terms of volume, China accounted for 46.6% of the global ferroalloy market in 2013. China was followed by Europe, which is likely to be the next major consumer of ferroalloy. Growth in the automobile industry is projected to boost demand for steel in Europe. This is further expected to drive demand for ferroalloy in the near future. Rest of Asia Pacific is estimated to be one of the emerging markets for ferroalloys due to the growing steel industry, especially in India and Japan. In terms of revenue, the ferroalloy market in Rest of Asia Pacific is expected to grow at a substantial rate from 2014 to 2020. North America and Rest of the World are anticipated to exhibit sluggish growth in demand for ferroalloys during the forecast period.

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., Shanghai Shenjia Ferroalloys Co. Ltd. and China Minmetals Corporation.

global-ferroalloy-market


Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope and assumptions
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global ferroalloy market, 2013 – 2020 (Kilo Tons) (USD Million)
2.2 Global ferroalloy market snapshot, 2013 and 2020

Chapter 3 Ferroalloy – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Growing steel industry to propel the demand for ferroalloy
               3.3.1.1 Global steel industry production volume, 2013 - 2020 (Billion Tons)
      3.3.2 Growing construction industry in BRICS to drive the ferroalloy market
               3.3.2.1 BRICS countries construction industry revenue, 2013 - 2020 (USD Billion)
3.4 Restraints
      3.4.1 High operational cost coupled with stringent environmental regulations set to hamper the growth of ferroalloy market
3.5 Opportunities
      3.5.1 Development of lightweight, high strength steel grades to open new avenues for the ferroalloy market
3.6 Porter’s five forces analysis
      3.6.1 Bargaining powers of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat from new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Market attractiveness analysis
      3.7.1 Global ferroalloy market attractiveness, by region
3.8 Company market share analysis
      3.8.1 Global ferroalloy market, company share analysis, 2013

Chapter 4 Ferroalloy Market – Product Segment Analysis
4.1 Ferroalloy market: Product segment overview
      4.1.1 Global ferroalloy market volume share, by product, 2013 & 2020
      4.1.2 Ferrochrome
              4.1.2.1 Global ferrochrome market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.1.3 Ferromanganese
              4.1.3.1 Global ferromanganese market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.1.4 Ferrosilicon
              4.1.4.1 Global ferrosilicon market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.1.5 Other alloys
               4.1.5.1 Global other alloys market, 2013 – 2020 (Kilo Tons) (USD Million)

Chapter 5 Ferroalloy Market - Regional Analysis
5.1 Ferroalloy Market: Regional Overview
      5.1.1 Global ferroalloy market volume share, by region, 2013 & 2020
      5.1.2 North America
              5.1.2.1 North America ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
              5.1.2.2 North America ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
      5.1.3 Europe
               5.1.3.1 Europe ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
               5.1.3.2 Europe ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
      5.1.4 China
               5.1.4.1 China ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
               5.1.4.2 China ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
      5.1.5 Rest of Asia Pacific
               5.1.5.1 Rest of Asia Pacific ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
               5.1.5.2 Rest of Asia Pacific ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
      5.1.6 Rest of the World
               5.1.6.1 Rest of the World ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
               5.1.6.2 Rest of the World ferroalloy market revenue, by product, 2013 – 2020 (USD Million)

Chapter 6 Company Profiles
6.1 Ferro Alloys Corporation Limited
       6.1.1 Company Overview
       6.1.2 Financial Overview
       6.1.3 Business strategy
       6.1.4 SWOT analysis
       6.1.5 Recent developments
6.2 Eurasian Natural Resources Corporation PLC
       6.2.1 Company Overview
       6.2.2 Financial Overview
       6.2.3 Business strategy
       6.2.4 SWOT analysis
6.3 Nikopol Ferroalloy Plant
       6.3.1 Company Overview
       6.3.2 Business strategy
       6.3.3 SWOT analysis
6.4 S.C. Feral S.R.L.
       6.4.1 Company Overview
       6.4.2 Business strategy
       6.4.3 SWOT analysis
6.5 Georgian American Alloys, Inc.
       6.5.1 Company Overview
       6.5.2 Business strategy
       6.5.3 SWOT analysis
       6.5.4 Recent Development
6.6 China Minmetals Corporation
       6.6.1 Company Overview
       6.6.2 Financial Overview
       6.6.3 Business strategy
       6.6.4 SWOT analysis
       6.6.5 Recent Development
6.7 Tata Steel Limited – Ferro Alloys & Minerals Division
       6.7.1 Company Overview
       6.7.2 Financial Overview
       6.7.3 Business strategy
       6.7.4 SWOT analysis
       6.7.5 Recent Development
6.8 Shanghai Shenjia Ferroalloys Co. Ltd.
       6.8.1 Company Overview
       6.8.2 Business strategy
       6.8.3 SWOT analysis
6.9 OM Holdings Ltd.
       6.9.1 Company Overview
       6.9.2 Financial Overview
       6.9.3 Business Strategy
       6.9.4 SWOT analysis
       6.9.5 Recent Development
6.10 Sinosteel Jilin Ferroalloy Corporation Limited
       6.10.1 Company Overview
       6.10.2 Business strategy
       6.10.3 SWOT analysis

List of Figures 

FIG. 1 Global ferroalloy market segmentation by product and region
FIG. 2 Global ferroalloy market, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 3 Value chain analysis: Ferroalloy market
FIG. 4 Global steel industry production volume, 2013 - 2020 (Billion Tons)
FIG. 5 BRICS countries construction industry revenue, 2013 - 2020 (USD Billion )
FIG. 6 Porter’s five forces analysis: Ferroalloy market
FIG. 7 Global ferroalloy market: Market attractiveness, by region
FIG. 8 Global ferroalloy market: Company share analysis, 2013
FIG. 9 Global ferroalloy market volume share, by product, 2013 & 2020
FIG. 10 Global ferrochrome market, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 11 Global ferromanganese market, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 12 Global ferrosilicon market, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 13 Global other alloys market, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 14 Global ferroalloy market volume share, by region, 2013 & 2020

List of Tables

TABLE 1 Global ferroalloy market snapshot, 2013 and 2020
TABLE 2 Drivers for ferroalloy market: Impact analysis
TABLE 3 Restraints of ferroalloy market: Impact analysis
TABLE 4 IPCC  CO2 Emission Factors for Ferroalloy Production
TABLE 5 North America ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 6 North America ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
TABLE 7 Europe ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 8 Europe ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
TABLE 9 China ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 10 China ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
TABLE 11 Rest of Asia Pacific ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 12 Rest of Asia Pacific ferroalloy market revenue, by product, 2013 – 2020 (USD Million)
TABLE 13 Rest of the World ferroalloy market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 14 Rest of the World ferroalloy market revenue, by product, 2013 – 2020 (USD Million)

Growth in construction and automobile industries is expected to boost the overall demand for steel. This, in turn, is anticipated to drive the global ferroalloy market between 2014 and 2020. Ferroalloys are iron alloys that contain chromium, manganese, silicon or other elements in varying proportions. Ferroalloys are primarily used by the steel industry. Ferroalloy is added to steel during the manufacturing process to achieve desired qualities such as heat resistance, corrosion resistance, tensile strength, yield strength and other distinctive characteristics. 

This report provides a detailed overview of the global ferroalloy market by considering 2013 as the base year. It offers forecast of the global ferroalloy market from 2014 to 2020. The report includes an in-depth analysis of the global ferroalloy market in terms of volume (Kilo Tons) and revenue (USD Million) from 2013 to 2020. It also includes several tables and graphs that provide a detailed explanation of various facts and findings of the global ferroalloy market. Various authenticated sources have been used to refine and provide detailed and accurate research on the ferroalloy market. Several interviews of the key industry leaders were conducted along with secondary research during the course of the study. Various governmental regulations and their effect on the ferroalloy market were studied in detail. 

The report also provides key drivers and restraining factors, and their impact on the ferroalloy market in the near future. It highlights new avenues for key industry participants in the ferroalloy market. The report provides company market share of key players operating in the market as of 2013. This helps understand business strategies of leading companies in the market. The report also offers market attractiveness analysis to understand the emerging markets of ferroalloy in the near future.

This study segments the market based on products such as ferrochrome, ferromanganese, ferrosilicon and others, which includes ferronickel, ferroboron, ferrotungsten and ferrovanadium. Each product is further studied as per its regional demand from 2013 to 2020. The report includes analysis of major geographical regions such as North America, Europe, China, Rest of Asia Pacific and Rest of the World. The geographical segmentation helps in understanding the major markets for ferroalloy. Through geographical segmentation the report provides in-depth analysis on the emerging markets where the demand for ferroalloy is expected to grow in the near future.  

The report uses analytical tools such as Porter’s Five Forces model to provide a detailed view of competition in the overall ferroalloy market. This model helps provide in-depth analysis of the impact of buyers, suppliers, new entrants, substitutes and degree of competition in the global ferroalloy market. The report also includes value chain analysis, which provides information by studying the various components in the ferroalloy market. Value chain analysis offers the degree of integration exhibited by various leading companies operating in the market. Using this analytical tool, major raw material manufacturers and suppliers are identified. Important supply agreements signed among companies are also mentioned in detail in the report. Value chain analysis provides information on the distribution channel employed by major players in the market.

The report also includes profiles of major market participants such as Eurasian Natural Resources Corporation PLC (ENRC), Ferro Alloys Corporation Limited (FACOR), Nikopol Ferroalloy Plant, S.C. Feral S.R.L., Georgian American Alloys, China Minmetals Corporation, Tata Steel’s Ferro Alloys & Minerals Division, Shanghai Shenjia Ferroalloys Co. Ltd., OM Holdings Ltd. and Sinosteel Jilin Ferroalloy Corporation Limited. Company profiles include market overview, business strategy, financial overview, SWOT analysis and recent developments of the major players present in the ferroalloy market. Thus, these company profiles can help companies formulate strategies in order to achieve competitive advantage and capture larger market share. 
  • Ferroalloy Market - Product Segment Analysis
    • Ferrochrome
    • Ferromanganese
    • Ferrosilicon
    • Others (Ferrotungsten, ferronickel, ferroboron, etc)
  • Ferroalloy Market - Regional Analysis
    • North America
    • Europe
    • China
    • Rest of Asia Pacific
    • Rest of the World