Latin America Ferrosilicon Market Size & Outlook
Latin America ferrosilicon market, 2017-2030 (US$M)
Related Markets
Latin America ferrosilicon market highlights
- The Latin America ferrosilicon market generated a revenue of USD 263.6 million in 2021.
- The market is expected to grow at a CAGR of 1.1% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 263.6 million |
| Market revenue in 2030 | USD 291.4 million |
| Growth rate | 1.1% (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, Latin America region accounted for 2.4% 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 67.03% in 2021. Horizon Databook has segmented the Latin America ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for ferrosilicon in the region is primarily driven by steel producing countries including Brazil, Egypt, and Argentina. Brazil was a key consumer of ferrosilicon in 2015 owing to high production volume of steel in the country.
Although the steel production in Latin American countries including Brazil, Chile, Argentina, Paraguay, and Venezuela witnessed a downfall over the past few years, steel production in countries such as Uruguay, Peru, and Ecuador is expected to grow over the forecast period and have a positive impact on the ferrosilicon industry growth in the region.
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Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America ferrosilicon market size, by country, 2017-2030 (US$M)
Latin America Ferrosilicon Market Outlook Share, 2021 & 2030 (US$M)
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