Asia Pacific Ferrosilicon Market Size & Outlook, 2030

Revenue, 2021 (US$M)

$7,356.7

Forecast, 2030 (US$M)

$9,417.6

CAGR, 2022 - 2030

2.8%

Report Coverage

Asia Pacific

Asia Pacific ferrosilicon market, 2017-2030 (US$M)

Related Markets

Global Ferrosilicon Industry Outlook

Japan Ferrosilicon Market Outlook

China Ferrosilicon Market Outlook

India Ferrosilicon Market Outlook

North America Ferrosilicon Market Outlook

U.S. Ferrosilicon Market Outlook

Canada Ferrosilicon Market Outlook

Mexico Ferrosilicon Market Outlook

Europe Ferrosilicon Market Outlook

Germany Ferrosilicon Market Outlook

Russia Ferrosilicon Market Outlook

UK Ferrosilicon Market Outlook

Latin America Ferrosilicon Market Outlook

Brazil Ferrosilicon Market Outlook

MEA Ferrosilicon Market Outlook

Gulf Cooperation Council Ferrosilicon Market Outlook

Asia Pacific ferrosilicon market highlights

The Asia Pacific ferrosilicon market generated a revenue of USD 7,356.7 million in 2021.
The market is expected to grow at a CAGR of 2.8% from 2022 to 2030.
In terms of segment, deoxidizer was the largest revenue generating application in 2021.
Inoculants is the most lucrative application segment registering the fastest growth during the forecast period.
Country-wise, India is expected to register the highest CAGR from 2022 to 2030.

Asia Pacific data book summary

Market revenue in 2021	USD 7,356.7 million
Market revenue in 2030	USD 9,417.6 million
Growth rate	2.8% (CAGR from 2021 to 2030)
Largest segment	Deoxidizer
Fastest growing segment	Inoculants
Historical data covered	2017 - 2020
Base year for estimation	2021
Forecast period covered	2022 - 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, Asia Pacific region accounted for 66.8% of the global ferrosilicon market in 2021.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 9,417.6 million by 2030.

Deoxidizer was the largest segment with a revenue share of 68.59% in 2021. Horizon Databook has segmented the Asia Pacific ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 to 2030.

The country is the largest producer of steel in the world, which, in turn, makes it the largest ferrosilicon manufacturer. Furthermore, the growth of steel presence of other major steel manufacturing countries like Japan and India in the region is expected to drive demand over the forecast period.

Automotive and construction industries in the region, especially in countries such as India, are experiencing high growth, which is, in turn, expected to have a positive impact on steel and other metal manufacturing industries.

High demand for ferrosilicon owing to its properties like improving metal strength and surface by deoxidizing the metal is expected to have a positive impact on the industry growth over the forecast period.

Key Regions: Japan , U.S. , UK , Brazil , China