Data Bridge Market Research analyses that the ferrochrome market was valued at USD 19.47 billion in 2021 and is expected to reach USD 28.99 billion by 2029, registering a CAGR of 5.10% during the forecast period of 2022 to 2029.
Market Definition
Ferrochromium (FeCr) is a type of ferroalloy which is an alloy between iron and chromium. Ferrochromium commonly containing 50% to 70% chromium. It is used to produce special steel, stainless steel and castings. A ferrochrome manufacturing process is generally conducted by carbothermic reduction of chromite in an electric submerged arc furnace (SAF).
An influential Ferrochrome Market report brings into focus a comprehensive evaluation of the market’s growth prospects and restrictions. All the industry insights of this global market report will lead to actionable ideas and better decision-making. This market research report has several benefits which can be projected to wide-ranging aspects of Ferrochrome Market industry. In addition, market share analysis as well as key trend analysis is the main accomplishing factors in this market report. It helps to draw target audiences for the clients before launching any advertising campaign. With the large scale Ferrochrome Market report, it becomes easy to collect industry information more quickly.
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Some of the major players operating in the ferrochrome market are:
- NACHI-FUJIKOSHI CORP. (Japan)
- Daido Steel (Japan)
- voestalpine High Performance Metals India Pvt. Ltd. (Austria)
- Sandvik AB (Sweden)
- Kennametal Inc. (U.S.)
- ERASTEEL (France)
- ArcelorMittal (Luxembourg)
- Baosteel Group Corporation (China)
- POSCO (South Korea)
- Nippon Steel and Sumitomo Metal Corporation (Japan)
- JFE Holdings, Inc. (Japan)
- TATA Steel Ltd.(India)
- United States Steel (U.S.)
- Angang Steel Company Limited (China)
- Gerdau S/A (Brazil)
- Maanshan Iron and Steel Company Limited (China)
Global Ferrochrome Market Scope
The ferrochrome market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- High Carbon
- Medium Carbon
- Low Carbon
- Ferro Silico Chrome
Application
- Stainless Steel
- Cast Iron
- Powder Metallurgy
- Others
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Ferrochrome Market Regional Analysis/Insights
The Ferrochrome market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Ferrochrome market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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