Ferroalloy Market Foreseen to Grow Exponentially by 2022

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Ferroalloys Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2022

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• Global Ferroalloys Market Snapshot

• Owing to the lack of a viable alternative that
  can meet the diverse applications, the future of
  the global ferroalloys market is healthy,
  expanding at an estimated CAGR of 5.9 during the
  forecast period of 2017 to 2025.
• The prosperity of the building and construction
  industry in a number of emerging economies is
  another key driver of the global ferroalloys
  market, wherein the development of lightweight
  and high strength steel grades is expected to
  open new opportunities.
• On the other hand, stringent governmental
  regulations pertaining to the environment and
  high operational costs are two glaring restraints
  over the global ferroalloys market.
• The market for ferroalloys, worldwide, is
  projected to reach a valuation of US188.7 bn by
  the end of 2025, significantly up from its
  evaluated worth of US112.8 bn in 2016.

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Bulk Ferroalloys Emerge as Major Product Type
Segment

• Based on type, the global ferroalloys market has
  been segmented into two major categories, viz.
  bulk ferroalloys and noble ferroalloys.
• Bulk ferroalloys is further sub-segmented into
  ferrosilicon, ferromanganese, ferrochromium,
  ferro-silico-manganese, and ferro-silico-chromium.
  Manganese plays an essential part in the
  production of most varieties of steels and it is
  also one of the most important element in the
  production of cast iron. Most of the noble
  ferroalloys are made from rare earth minerals and
  are expensive to produce as compared to bulk
  ferroalloys.
• Most of the noble alloys are made from adding
  chromium, tungsten, nickel, boron, vanadium,
  niobium, titanium, cobalt, copper, molybdenum,
  phosphorus, and zirconium.
• These rare earth metals helps in contributing
  special properties and character to the various
  alloy steels and cast irons.

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Steel Production Identified as Primary
Application

• The production of stainless steel and steel
  production are two primary applications of
  ferroalloys, whereas wire production, welding
  electrodes and superalloys and alloys are other
  application categories.
• Most of the bulk ferro alloys and noble alloys
  are used in enhancing the properties of steel
  according to different end users. Nearly 80 of
  the all ferroalloys are utilized for the
  production bulk ferroalloys and used in the
  production of the steel because of the low prices
  of the bulk ferroalloys and high production
  around the major producing regions.
• Noble alloys are produced from rare earth
  elements and also uses expensive energy consuming
  industrial processes which increases their
  production cost.

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Some of the key companies

• ArcelorMittal, Tata Steel
• Sakura Ferroalloys
• BAFA Bahrain
• OM Holdings LTD
• Pertama Ferroalloys
• NikoPol Ferroalloy Plant
• Gulf Ferroalloys Company,

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