Gulf Cooperation Council Ferrosilicon Market Size & Outlook
The ferrosilicon market in Gulf Cooperation Council is expected to reach a projected revenue of US$ 214.5 million by 2030. A compound annual growth rate of 1.6% is expected of Gulf Cooperation Council ferrosilicon market from 2022 to 2030.
Revenue, 2021 (US$M)
$186.7
Forecast, 2030 (US$M)
$214.5
CAGR, 2022 - 2030
1.6%
Report Coverage
Gulf Cooperation Council
Gulf Cooperation Council ferrosilicon market, 2017-2030 (US$M)
Related Markets
Gulf Cooperation Council ferrosilicon market highlights
- The Gulf Cooperation Council ferrosilicon market generated a revenue of USD 186.7 million in 2021 and is expected to reach USD 214.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 1.6% 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 186.7 million |
| Market revenue in 2030 | USD 214.5 million |
| Growth rate | 1.6% (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, Gulf Cooperation Council accounted for 1.7% of the global ferrosilicon market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council ferrosilicon market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 214.5 million by 2030.
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Ferrosilicon Market Scope
Ferrosilicon market segmentation & scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council ferrosilicon market size, by application, 2017-2030 (US$M)
Gulf Cooperation Council Ferrosilicon Market Outlook Share, 2021 & 2030 (US$M)
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