Germany Ferrosilicon Market Size & Outlook, 2024-2030
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Germany ferrosilicon market highlights
- The Germany ferrosilicon market generated a revenue of USD 346.8 million in 2023 and is expected to reach USD 386.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 1.5% from 2024 to 2030.
- In terms of segment, deoxidizer was the largest revenue generating application in 2023.
- Inoculants is the most lucrative application segment registering the fastest growth during the forecast period.
Ferrosilicon market data book summary
| Market revenue in 2023 | USD 346.8 million |
| Market revenue in 2030 | USD 386.0 million |
| Growth rate | 1.5% (CAGR from 2024 to 2030) |
| Largest segment | Deoxidizer |
| Fastest growing segment | Inoculants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deoxidizer, Inoculants, Other Applications |
| Key market players worldwide | Elkem ASA Ordinary Shares, Eurasian Resources Group, Ferroglobe PLC, OM Holdings Ltd, Ferro-Alloy Resources Ltd Ordinary Shares, China Petroleum & Chemical Corp Class H |
Other key industry trends
- In terms of revenue, Germany accounted for 3.0% of the global ferrosilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia ferrosilicon market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 583.3 million by 2030.
Deoxidizer was the largest segment with a revenue share of 68.6% in 2023. Horizon Databook has segmented the Germany ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
High demand for steel in the manufacturing sector, which accounts for over 22% of the value added to the country’s’ GDP growth in 2015 is a major driver for the ferrosilicon market in the country.
Furthermore, growing demand for steel in the construction sector coupled with positive growth in the construction sector growth is likely to have a progressive impact on demand over the projected period.
Ferrosilicon demand in the alloys application is expected to witness significant demand owing to the rising penetration of ferroalloys in the steel and metal manufacturing industry. Germany is one of the largest manufacturing hubs in the region and is expected to aid growth over the forecast period.
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Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ferro-Alloy Resources Ltd Ordinary Shares | View profile | 200 | Noble House, Les Baissieres, Saint Peter Port, Guernsey, GY1 2UE | https://www.ferro-alloy.com |
| Eurasian Resources Group | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://www.eurasianresources.lu/ |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| OM Holdings Ltd | View profile | 1851 | 10 Eunos Road 8, No. 09 - 03A, Singapore Post Centre, Singapore, Singapore, 408600 | http://www.omholdingsltd.com |
| Ferroglobe PLC | View profile | 3403 | 13 Chesterfield Street, London, United Kingdom, W1J 5JN | https://www.ferroglobe.com |
Germany Application - Ferrosilicon Market size, 2023 - 2030 (US$M)
Germany Ferrosilicon Market Outlook Share, 2023 & 2030 (US$M)
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