China Ferrosilicon Market Size & Outlook, 2021-2030
China ferrosilicon market, 2017-2030 (US$M)
Related Markets
China ferrosilicon market highlights
- The China ferrosilicon market generated a revenue of USD 5,189.4 million in 2021 and is expected to reach USD 6,770.8 million by 2030.
- The China market is expected to grow at a CAGR of 3% 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.
Ferrosilicon market data book summary
| Market revenue in 2021 | USD 5,189.4 million |
| Market revenue in 2030 | USD 6,770.8 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Deoxidizer |
| Fastest growing segment | Inoculants |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, China accounted for 47.1% of the global ferrosilicon market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ferrosilicon market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 868.1 million by 2030.
Deoxidizer was the largest segment with a revenue share of 68.81% in 2021. Horizon Databook has segmented the China ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
Although the steel sector in China is vital to the long-term functioning of its economy and acts as an indicator of the entire Chinese economy, overcapacity of the steel production in the country has resulted in lower production volumes in the past two years.
During China’s rapid urbanization and industrialization, the internal demand for steel increased at a rapid rate. However, with the boost of crude steel output, the country’s steel provisions satisfied internal demand and resulted into outstrip consumption.
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Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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China ferrosilicon market size, by application, 2017-2030 (US$M)
China Ferrosilicon Market Outlook Share, 2021 & 2030 (US$M)
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