Germany Ferrosilicon Market Size & Outlook, 2021-2030
Germany ferrosilicon market, 2017-2030 (US$M)
Related Markets
Germany ferrosilicon market highlights
- The Germany ferrosilicon market generated a revenue of USD 325.6 million in 2021 and is expected to reach USD 386.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 1.9% 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 325.6 million |
| Market revenue in 2030 | USD 386.0 million |
| Growth rate | 1.9% (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, Germany accounted for 3.0% of the global ferrosilicon market in 2021.
- 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 67.91% in 2021. Horizon Databook has segmented the Germany ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany ferrosilicon market size, by application, 2017-2030 (US$M)
Germany Ferrosilicon Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
