Global Ferrosilicon Market Size & Outlook, 2021-2030

Deoxidizer was the largest segment with a revenue share of 69.4% in 2021. Horizon Databook has segmented the Global ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 to 2030.

The global ferrosilicon market has witnessed growth in the past and is anticipated to register a steady growth during the forecast period. Ferrosilicon is widely used as an inoculant in the cast iron industry for manufacturing high strength and most ductile type cast iron. Growing demand for cast iron cookware and pipes are anticipated to propel the growth of the cast iron market, thereby augmenting the ferrosilicon demand.

The rise in the shift from non-stick cookware to those made up of cast iron with the growing concerns about potential health risks, is expected to augment the growth of the cast iron market. Cast iron cookware is free from chemicals and has several other advantages including even heat distribution and long-lasting viability.

Growing need for cast iron cookware is compelling its manufacturing companies to increase production. For instance, in October 2021, The Indus Valley, a direct-to-consumer cast iron kitchenware producer, raised USD 1.1 million from Rukam Capital, DSG Consumer Partners, and the Chennai Angels for increasing its production. It aims at delivering toxin-free kitchenware products.