Global Ferrochrome Market

By Author: Snehal Lokhande
Total Articles: 22
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Global Ferrochrome Market was valued at US$ XX Bn in 2017 and is expected to reach US$ XX Bn by 2026 at a CAGR of XX%.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global ferrochrome market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global ferrochrome market.
Ferrochrome is an alloy of chromium & iron, it encloses 50% - 70% of chromium by weight. A ferrochrome manufacturing process is mostly conducted by the carbothermic reduction of chromite ...
... in an electric submerged arc furnace (SAF). In modern industries, one of the main ferrochrome uses is to produce stainless steel, as it imparts strength and durability. The global ferrochrome market is growing significantly in the developing countries that are China, India, South Africa, Brazil and Indonesia, because of their large demand of stainless steel and other alloy steel in the construction industry.
Ferrochrome market is increasing consolidated with several major ferrochrome producers leading the ferrochrome production globally. Meanwhile, the high production and rich reserves of metallurgical chromite and other raw materials in South Africa, Zimbabwe, and Kazakhstan are also fuelling the ferrochrome market globally. At last, the increasing use of stainless steel around the world for various end-user industries, such as construction and automobile, is anticipated to be one of the major factors driving the global ferrochrome market forward throughout the forecast period.
Charge chrome and high carbon segment are expected to hold the largest ferrochrome market share during the forecast period. Charge chrome and high carbon ferrochrome provide boosted hardenability, temperature stability and corrosion resistance of stainless steel. The huge majority of FeCr produced is charge chrome from South Africa. With high carbon being the largest segment followed by the smaller sectors of low carbon and intermediate carbon material.
Stainless steel is dominating the global ferrochrome market. The use of chromium-grade and chromium manganese-grade stainless steel in the construction and transportation industries is anticipated to have a huge positive impact on ferrochrome market.
Region-wise, the Asia Pacific region is presently the largest ferrochrome consumer, followed by Europe and North America, owing to the fact that the Asia Pacific accounts for more than 70% of the global stainless steel production. The growing demand for stainless steel from the construction, transportation, and metallurgical industries in the Asia Pacific will be the main driver of the ferrochrome market growth over the upcoming year.
Scope of Global Ferrochrome Market
Global Ferrochrome Market, by Product
• Charge chrome and high carbon
• Low carbon
• Medium carbon
Global Ferrochrome Market, by End-user
• Stainless steel
• Carbon and other alloy steel
• Others
Global Ferrochrome Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Ferrochrome Market
• Afarak
• ENRC
• GLENCORE
• Tata Steel
• Samancor
• Hernic Ferrochrome
• Fondel Corporation
• Tharisa
• Westbrook Resources
• ICT Group
• Sinosteel
• Rohit Ferro Tech
• Tennant Metallurgical Group
• Ferro Alloys Corporation
• ZIMASCO
• ZimAlloys
• Maranatha Ferrochrome
• Oliken Ferroalloys
• Vargon Alloys
• Indsil
• Harsco
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