Global Ferroalloys Market Size & Outlook, 2020-2028
Global ferroalloys market, 2016-2028 (US$M)
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Global ferroalloys market highlights
- The global ferroalloys market generated a revenue of USD 42,754.2 million in 2020 and is expected to reach USD 73,906.7 million by 2028.
- The market is expected to grow at a CAGR (2021 - 2028) of 7.1% by 2028.
- In terms of segment, ferrochrome accounted for a revenue of USD 15,058.3 million in 2020.
- Ferro Silico Manganese is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Italy is expected to register the highest CAGR from 2021 to 2028.
Global data book summary
| Market revenue in 2020 | USD 42,754.2 million |
| Market revenue in 2028 | USD 73,906.7 million |
| Growth rate | 7.1% (CAGR from 2020 to 2028) |
| Largest segment | Ferrochrome |
| Fastest growing segment | Ferro Silico Manganese |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ferrochrome, Ferromanganese, Ferro Silico Manganese, Ferro Silicon |
Other key industry trends
- In terms of revenue, the North America accounted for 11.9% of the global ferroalloys market in 2020.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Italy is the fastest growing regional market and is projected to reach USD 964.3 million by 2028.
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Ferroalloys Market Scope
Ferroalloys Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ferroalloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ferroalloys market will help companies and investors design strategic landscapes.
Ferrochrome was the largest segment with a revenue share of 35.22% in 2020. Horizon Databook has segmented the Global ferroalloys market based on ferrochrome, ferromanganese, ferro silico manganese, ferro silicon covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Ferroalloys Product Outlook (Revenue, USD Million, 2016-2028)
- Ferrochrome
- Ferromanganese
- Ferro Silico Manganese
- Ferro Silicon
- Global Ferroalloys Application Outlook (Revenue, USD Million, 2016-2028)
- Carbon & Low Alloy steel
- Stainless Steel
- Alloy Steel
- Cast Iron
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ferroalloys market , including forecasts for subscribers. This global databook contains high-level insights into Global ferroalloys market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global ferroalloys market size, by regions, 2016-2028 (US$M)
Top 10 countries: Ferroalloys market size, 2020 (US$M)
Global ferroalloys market share, by product, 2020 & 2028 (%, US$M)
Ferroalloys market: Opportunity assessment by country
Global ferroalloys market, by region, 2020 (US$M)
| Product | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,937.5 | 7,527.2 | 6,234.6 | 5,290.5 | 5,103.5 | 5,395.0 | 5,719.6 | 6,057.6 | 6,416.8 | 6,925.4 | 7,539.2 | 8,110.6 | 8,968.1 | 7.3% |
| Europe | 10,699.3 | 13,092.8 | 10,280.3 | 8,707.8 | 8,296.8 | 8,684.3 | 9,077.8 | 9,563.8 | 10,134.9 | 10,805.9 | 11,577.3 | 12,489.1 | 13,549.1 | 6.3% |
| Asia Pacific | 23,689.8 | 32,887.1 | 29,496.4 | 27,129.4 | 26,162.5 | 27,849.7 | 29,751.8 | 31,177.0 | 33,564.9 | 36,259.2 | 39,283.2 | 42,683.8 | 46,514.6 | 7.5% |
| Latin America | 1,814.1 | 2,349.1 | 1,870.3 | 1,485.1 | 1,386.7 | 1,439.9 | 1,496.9 | 1,564.8 | 1,645.6 | 1,741.5 | 1,860.7 | 1,990.4 | 2,139.7 | 5.6% |
| MEA | 1,607.2 | 2,015.1 | 1,954.2 | 1,885.1 | 1,804.7 | 1,884.5 | 1,973.5 | 2,068.4 | 2,177.3 | 2,298.1 | 2,429.5 | 2,573.6 | 2,735.2 | 5.3% |
| Overall | 43,747.9 | 57,871.3 | 49,835.8 | 44,497.9 | 42,754.2 | 45,253.4 | 48,019.6 | 50,431.5 | 53,939.5 | 58,030.1 | 62,689.9 | 67,847.5 | 73,906.7 | 7.1% |
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