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Published Date: 2014-07-29Number of Pages: 72

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

Global Ferroalloy Market: Snapshot

The global market for ferroalloy, which basically are the alloys of iron with different proportions of aluminum, manganese, silicon and other elements, is driven by the growing steel demand in various end-use industries and the prosperity of the building and construction industry, especially in the BRICS nations. However, high operational costs and strict environmental regulations are somewhat hindering the market for ferroalloy from achieving its true potential.

As per the findings of the report, the global ferroalloy market will grow at a healthy CAGR of 5.40% during the forecast period of 2014 to 2020, reaching a valuation of US$53.5 bn, significantly up from its evaluated worth of US$37.2 bn in 2013. The development of lightweight and high strength steel grades is expected to open new avenues for the stakeholders connected to the global market for ferroalloy. 

Ferromanganese Most Profitable Product Segment

Product-wise, the global ferroalloy market has been segmented into ferromanganese, ferrochrome, ferrosilicon, and others such as ferroboron, ferrotungsten, and ferronickel. Among these, ferromanganese segment accounted for 37% of the demand in 2013, gaining traction because of its cost efficiency, which makes it highly useful for foundry industries, wherein it is used to enhance the physical properties. This segment is projected to expand at a CAGR of 4.5% during the forecast period of 2014 to 2020. Easy availability of this product is another factor augmenting the demand for ferromanganese alloys. On the other hand, ferrochrome alloys are also expected to gain incremented demand in the near future, as it used to impart stainless feature on steel, making them rust-proof, which are highly useful for several sectors such as household goods, automotive, medical, and chemical sectors. 

Asia Pacific Serves Maximum Demand

Emerging economies of China and India, wherein industrial and construction sector is currently flourishing, make Asia Pacific the most lucrative region in the global ferroalloy market. China alone accounted for 46.6% of the global demand for ferroalloy, owing to the presence of a large number of steel manufacturers in the country that are continuously striving to increase production capacity. In addition to that, the prosperity of automotive industry in Asia Pacific on the back of increasing disposable income among the urban population and rapidly growing construction sector is expected to sustain the region as highly profitable in the near future.

On the other hand, Europe is expected to remain the second most profitable region, driven by the large number of vendors of the automobile industry. Steel made with ferroalloy are used for the chassis of vehicles, which forms a bulk of it. These alloys are also used for underground and underwater pipelines, architectural designs, food and beverage containers, and accessories such as screws and bolts. 

S.C. Feral S.R.L., Sinosteel Jilin Ferroalloy Corporation, Shanghai Shenjia, China Minmetals, and Eurasian Natural Resources Corporation PLC are some of the leading companies operating in the global ferroalloy market, which is highly fragmented in nature, owing to the presence of vast number of small, medium, and large scale manufacturing companies. Strategic acquisitions and technological partnerships are two key methods for the leading companies to gain ground over the competition. Some of the other prominent players identified in the global ferroalloy market are Tata Steel, ArcelorMittal, Ferro Alloys Corporation, Jindal Group, OM Holdings, Georgian American Alloys, Nikopol, LEMETCO GmbH, Sakura, and MidUral Group. 

 
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


 
 
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