Japan Ferrosilicon Market Size & Outlook, 2024-2030
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Japan ferrosilicon market highlights
- The Japan ferrosilicon market generated a revenue of USD 576.8 million in 2023 and is expected to reach USD 649.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 1.7% from 2024 to 2030.
- In terms of segment, deoxidizer was the largest revenue generating application in 2023.
- Inoculants is the most lucrative application segment registering the fastest growth during the forecast period.
Ferrosilicon market data book summary
| Market revenue in 2023 | USD 576.8 million |
| Market revenue in 2030 | USD 649.0 million |
| Growth rate | 1.7% (CAGR from 2024 to 2030) |
| Largest segment | Deoxidizer |
| Fastest growing segment | Inoculants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, Japan accounted for 5.0% of the global ferrosilicon market in 2023.
- 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 67.61% in 2023. Horizon Databook has segmented the Japan ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Japans ferroalloys business including ferrosilicon has grown together with the growth of steel industry in the country. The country produced over 100 million tons’ crude steel in 2015 and stood for second largest share in Asia steel market in terms of production.
High demand for steel by the Japanese automotive and construction industry is expected to have a positive impact on steel industry in the region impacting the ferrosilicon market on a positive note.
Though the country accounted for a major share in the global steel production, the crude steel output in the country was held down owing to downturn in steel used for automotive and construction industry. In addition, slight decline in steel exports by the country is likely to hamper industry growth over the projected period.
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Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ferro-Alloy Resources Ltd Ordinary Shares | View profile | 200 | Noble House, Les Baissieres, Saint Peter Port, Guernsey, GY1 2UE | https://www.ferro-alloy.com |
| Eurasian Resources Group | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://www.eurasianresources.lu/ |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| OM Holdings Ltd | View profile | 1851 | 10 Eunos Road 8, No. 09 - 03A, Singapore Post Centre, Singapore, Singapore, 408600 | http://www.omholdingsltd.com |
| Ferroglobe PLC | View profile | 3403 | 13 Chesterfield Street, London, United Kingdom, W1J 5JN | https://www.ferroglobe.com |
Japan Application - Ferrosilicon Market size, 2023 - 2030 (US$M)
Japan Ferrosilicon Market Outlook Share, 2023 & 2030 (US$M)
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