North America Ferrosilicon Market To Hit USD 2,922.34 Million By...

North America Ferrosilicon Market To Hit USD 2,922.34 Million By 2030, With CAGR Of 2.50%

Posted 2024-03-04 11:27:45

North America Ferrosilicon Market Size Was Valued at USD 2398.5 Million in 2022, and is Projected to Reach USD 2,922.34 Million by 2030, Growing at a CAGR of 2.50% From 2023-2030.

Ferrosilicon is made by reducing silica or sand with coke in the presence of iron. Typical sources of iron are scrap metal or rolled steel. Ferrosilicon with up to about 15% silicon is produced in blast furnaces lined with acid-refractory bricks.

There are generally two types of ferrosilicon such as sputtered ferrosilicon and powdered ferrosilicon. Ferrosilicon is used in many industries such as carbon and other alloy steel, stainless steel, electronic steel, cast iron, and magnesium. An increase in demand for steel and metal alloys and growth in the automotive and construction industries are driving the Ferrosilicon market.

North America Ferrosilicon Market Top Key Players:

Globe Metallurgical Inc. (USA),Elkem Metals USA, Inc. (USA),Sims Metal USA, LLC (USA),Alliance International Group, LLC (USA),Ferroglobe PLC (USA),Superior Graphite Co. (USA),American Manganese Inc. (USA),Electrode Alloys Inc. (USA),Ferro-Alloy Technologies, Inc. (USA),TimkenSteel Corp. (USA),Silgrain Corporation (USA),Crovell, Inc. (USA),Pyrotek LLC (USA),Metals International Inc. (USA),Metal Enterprises Inc. (USA),Glencore Canada Corporation (Canada),Rio Tinto Fer & Titane Inc. (Canada),Electrodes Canada Inc. (Canada),Quebec Metallurgical Inc (Canada),Sheridan Specialty Minerals Inc. (Canada),Grupo Industrial Minera Mexico (Mexico),Grupo Acerero del Norte, S.A. de C.V. (AHMSA) (Mexico),Ternium México, S.A. de C.V. (Mexico),Industrias CH, S.A. de C.V. (Mexico),Imer Metal, S.A. de C.V (Mexico).

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The report will comprehensively detail the North America Ferrosilicon market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyse market revenue, quantifying total income from ferro silicon sales, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Market Segmentation:

By Type

· Atomized Ferrosilicon

· Milled Ferrosilicon

By Application

· Inoculant

· Deoxidizer

By End-user

· Stainless Steel

· Cast Iron

· Electric Steel

· Carbon

By Region

· North America (U.S., Canada, Mexico)

· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

· South America (Brazil, Argentina, Rest of SA)

Competition Landscape:

The global North America Ferrosilicon market is highly competitive, characterized by the presence of established players striving for market dominance. Key competitors focus on product innovation, quality enhancement, and strategic partnerships to gain a competitive edge. Diverse offerings, ranging from atomized to milled ferro silicon, contribute to market dynamism. The competition landscape is shaped by a blend of large industry incumbents and emerging players, all vying for consumer attention and market share in this essential alloy segment.

Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities and Challenges

► Value Chain Analysis

► Porter's Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profile

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