Ferroalloys Market Scope And Analysis

Report Code : TIPRE00014613
Category : Chemicals and Materials

Status : Published
No. of Pages : 271

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Ferroalloys Market Scope and Key Players Analysis by 2031

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Ferroalloys Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 170.04 Billion
Market Size by 2031	US$ 300.64 Billion
Global CAGR (2023 - 2031)	7.4%
Historical Data	2020-2022
Forecast period	2024-2031
Segments Covered	By Type Ferrochrome Ferromanganese Ferro Silico Manganese Special Alloys By Application Steel Making Wire Manufacturing Welding Electrodes Superalloys
Regions and Countries Covered	North America US Canada Mexico Europe Germany France UK Italy Spain Rest of Europe Asia Pacific Australia China India Japan South Korea Rest of Asia Pacific Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa and South and Central America Brazil Argentina and Rest of South and Central America
Market leaders and key company profiles	Glencore Plc Samancor Chrome Jindal Stainless Ltd Ferro Alloys Corporation Limited FACOR Erdos Group Pertama Ferroalloys Sdn Bhd Brahm Group Tata Steel Ltd Nikopol Ferroalloy Plant Nava Limited

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Glencore Plc, Samancor Chrome, Jindal Stainless Ltd, Ferro Alloys Corporation Limited (FACOR), Erdos Group, Pertama Ferroalloys Sdn Bhd, Brahm Group, Tata Steel Ltd, Nikopol Ferroalloy Plant, and Nava Limited are among the prominent players profiled in the ferroalloys market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The ferroalloys market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

According to the press releases, a few initiatives taken by the key players operating in the ferroalloys market are listed below:

In 2024, Rhovan, a Glencore Ferroalloys-managed vanadium mining and processing facility located near Brits in the North West province, South Africa, commenced construction of a 25MW solar photovoltaic (PV) plant. Once completed, the energy produced by the PV plant was fed into Rhovan’s network and was expected to supply approximately 30% of the operations’ annual energy demand.
In 2022, Tata Steel acquired ferroalloys producing assets of Odisha-based Stork Ferro and Mineral Industries for ~US$ 18 million in an all-cash deal. An asset transfer agreement had already been signed between the two companies as a part of Tata Steel's strategic expansion plans in the ferro alloys sector.