U.S. Ferrosilicon Market Size & Outlook, 2021-2030
U.S. ferrosilicon market, 2017-2030 (US$M)
Related Markets
U.S. ferrosilicon market highlights
- The U.S. ferrosilicon market generated a revenue of USD 643.6 million in 2021 and is expected to reach USD 793.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.4% 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 643.6 million |
| Market revenue in 2030 | USD 793.8 million |
| Growth rate | 2.4% (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, U.S. accounted for 5.8% of the global ferrosilicon market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ferrosilicon market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 793.8 million by 2030.
Deoxidizer was the largest segment with a revenue share of 67% in 2021. Horizon Databook has segmented the U.S. ferrosilicon market based on deoxidizer, inoculants, other applications covering the revenue growth of each sub-segment from 2017 to 2030.
The ferrosilicon finds the high demand in the steel industry as a deoxidizing and inoculating agent. As a result, the demand for ferrosilicon in the U.S. is expected to witness growth over the forecast period.
However, steel stocks including United States Steel Corporation, ArcelorMittal, and AK Steel Holding Corporation fell to multi-year lows in 2015, which lowered the steel production volume in the region, which is, in turn, expected to hamper the ferrosilicon industry growth over the forecast period.
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Ferrosilicon Market Scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. ferrosilicon market size, by application, 2017-2030 (US$M)
U.S. Ferrosilicon Market Outlook Share, 2021 & 2030 (US$M)
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