Global Ferrochrome Market CAGR is expected to be 4.25% during the forecast period and the market size is expected to reach nearly US$26.68 Bn. by 2029. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global ferrochrome market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global ferrochrome market. Ferrochrome is an alloy of chromium & iron, it encloses 50% - 70% of chromium by weight. A ferrochrome manufacturing process is mostly conducted by the carbothermic reduction of chromite in an electric submerged arc furnace (SAF). In modern industries, ferrochrome is used to produce stainless steel, as it imparts strength and durability. The global ferrochrome market is growing significantly in the developing countries that are China, India, South Africa, Brazil, and Indonesia, because of their large demand for stainless steel and other alloy steel in the construction industry. The ferrochrome market is increasing consolidated with several major ferrochrome producers leading the ferrochrome production globally. Meanwhile, the high production and rich reserves of metallurgical chromite and other raw materials in South Africa, Zimbabwe, and Kazakhstan are also fuelling the ferrochrome market globally. At last, the increasing use of stainless steel around the world for various end-user industries, such as construction and automobile, is anticipated to be one of the major factors driving the global ferrochrome market forward throughout the forecast period.
Global Ferrochrome Market Segment Analysis:
Charge chrome and high carbon segment are expected to hold the largest ferrochrome market share during the forecast period. Charge chrome and high carbon ferrochrome provide boosted hardenability, temperature stability, and corrosion resistance of stainless steel. The huge majority of FeCr produced is charge chrome from South Africa. With high carbon being the largest segment followed by the smaller sectors of low carbon and intermediate carbon material. Stainless steel is dominating the global ferrochrome market. The use of chromium-grade and chromium manganese-grade stainless steel in the construction and transportation industries is anticipated to have a huge positive impact on the ferrochrome market.Global Ferrochrome Market Regional Insights:
Region-wise, the Asia Pacific region is presently the largest ferrochrome consumer, followed by Europe and North America, owing to the fact that the Asia Pacific accounts for more than 70% of the global stainless steel production. The growing demand for stainless steel from the construction, transportation, and metallurgical industries in the Asia Pacific will be the main driver of the ferrochrome market growth over the upcoming year.Global Ferrochrome Market, Key Highlights:
• Global Ferrochrome Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Ferrochrome Market • Global Ferrochrome Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Ferrochrome Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Ferrochrome Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Ferrochrome Market are also profiled.Global Ferrochrome Market Scope: Inquire before buying
Global Ferrochrome Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 19.12 Bn. Forecast Period 2022 to 2029 CAGR: 4.25% Market Size in 2029: US $ 26.68 Bn. Segments Covered: by Product • Charge chrome and high carbon • Low carbon • Medium carbon by End-user • Stainless steel • Carbon and other alloy steel • Others Global Ferrochrome Market, by Region
• North America • Europe • Asia-Pacific • Middle East and Africa • South AmericaGlobal Ferrochrome Market Key Player
• Afarak • ENRC • GLENCORE • Tata Steel • Samancor • Hernic Ferrochrome • Fondel Corporation • Tharisa • Westbrook Resources • ICT Group • Sinosteel • Rohit Ferro Tech • Tennant Metallurgical Group • Ferro Alloys Corporation • ZIMASCO • ZimAlloys • Maranatha Ferrochrome • Oliken Ferroalloys • Vargon Alloys • Indsil • Harsco Frequently Asked Questions: 1. Which region has the largest share in Global Ferrochrome Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Ferrochrome Market? Ans: The Global Ferrochrome Market is growing at a CAGR of 4.25% during forecasting period 2022-2029. 3. What is scope of the Global Ferrochrome market report? Ans: Global Ferrochrome Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Ferrochrome market? Ans: The important key players in the Global Ferrochrome Market are – Afarak, ENRC, GLENCORE, Tata Steel, Samancor, Hernic Ferrochrome, Fondel Corporation, Tharisa, Westbrook Resources, ICT Group, Sinosteel, Rohit Ferro Tech, Tennant Metallurgical Group, Ferro Alloys Corporation, ZIMASCO, ZimAlloys, Maranatha Ferrochrome, Oliken Ferroalloys, Vargon Alloys, Indsil, Harsco 5. What is the study period of this market? Ans: The Global Ferrochrome Market is studied from 2021 to 2029.
1. Ferrochrome Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Ferrochrome Market: Dynamics 2.1. Ferrochrome Market Trends by Region 2.1.1. North America Ferrochrome Market Trends 2.1.2. Europe Ferrochrome Market Trends 2.1.3. Asia Pacific Ferrochrome Market Trends 2.1.4. Middle East and Africa Ferrochrome Market Trends 2.1.5. South America Ferrochrome Market Trends 2.2. Ferrochrome Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Ferrochrome Market Drivers 2.2.1.2. North America Ferrochrome Market Restraints 2.2.1.3. North America Ferrochrome Market Opportunities 2.2.1.4. North America Ferrochrome Market Challenges 2.2.2. Europe 2.2.2.1. Europe Ferrochrome Market Drivers 2.2.2.2. Europe Ferrochrome Market Restraints 2.2.2.3. Europe Ferrochrome Market Opportunities 2.2.2.4. Europe Ferrochrome Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Ferrochrome Market Drivers 2.2.3.2. Asia Pacific Ferrochrome Market Restraints 2.2.3.3. Asia Pacific Ferrochrome Market Opportunities 2.2.3.4. Asia Pacific Ferrochrome Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Ferrochrome Market Drivers 2.2.4.2. Middle East and Africa Ferrochrome Market Restraints 2.2.4.3. Middle East and Africa Ferrochrome Market Opportunities 2.2.4.4. Middle East and Africa Ferrochrome Market Challenges 2.2.5. South America 2.2.5.1. South America Ferrochrome Market Drivers 2.2.5.2. South America Ferrochrome Market Restraints 2.2.5.3. South America Ferrochrome Market Opportunities 2.2.5.4. South America Ferrochrome Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Ferrochrome Industry 2.8. Analysis of Government Schemes and Initiatives For Ferrochrome Industry 2.9. Ferrochrome Market price trend Analysis (2021-22) 2.10. Ferrochrome Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Ferrochrome 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Ferrochrome 2.11. Ferrochrome Production Analysis 2.12. The Global Pandemic Impact on Ferrochrome Market 3. Ferrochrome Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2022-2029 3.1. Ferrochrome Market Size and Forecast, by Product (2022-2029) 3.1.1. Charge chrome and high carbon 3.1.2. Low carbon 3.1.3. Medium carbon 3.2. Ferrochrome Market Size and Forecast, by End-user (2022-2029) 3.2.1. Stainless steel 3.2.2. Carbon and other alloy steel 3.2.3. Others 3.3. Ferrochrome Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Ferrochrome Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 4.1. North America Ferrochrome Market Size and Forecast, by Product (2022-2029) 4.1.1. Charge chrome and high carbon 4.1.2. Low carbon 4.1.3. Medium carbon 4.2. North America Ferrochrome Market Size and Forecast, by End-user (2022-2029) 4.2.1. Stainless steel 4.2.2. Carbon and other alloy steel 4.2.3. Others 4.3. North America Ferrochrome Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Ferrochrome Market Size and Forecast, by Product (2022-2029) 4.3.1.1.1. Charge chrome and high carbon 4.3.1.1.2. Low carbon 4.3.1.1.3. Medium carbon 4.3.1.2. United States Ferrochrome Market Size and Forecast, by End-user (2022-2029) 4.3.1.2.1. Stainless steel 4.3.1.2.2. Carbon and other alloy steel 4.3.1.2.3. Others 4.3.2. Canada 4.3.2.1. Canada Ferrochrome Market Size and Forecast, by Product (2022-2029) 4.3.2.1.1. Charge chrome and high carbon 4.3.2.1.2. Low carbon 4.3.2.1.3. Medium carbon 4.3.2.2. Canada Ferrochrome Market Size and Forecast, by End-user (2022-2029) 4.3.2.2.1. Stainless steel 4.3.2.2.2. Carbon and other alloy steel 4.3.2.2.3. Others 4.3.3. Mexico 4.3.3.1. Mexico Ferrochrome Market Size and Forecast, by Product (2022-2029) 4.3.3.1.1. Charge chrome and high carbon 4.3.3.1.2. Low carbon 4.3.3.1.3. Medium carbon 4.3.3.2. Mexico Ferrochrome Market Size and Forecast, by End-user (2022-2029) 4.3.3.2.1. Stainless steel 4.3.3.2.2. Carbon and other alloy steel 4.3.3.2.3. Others 5. Europe Ferrochrome Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 5.1. Europe Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.2. Europe Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3. Europe Ferrochrome Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.1.2. United Kingdom Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.2. France 5.3.2.1. France Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.2.2. France Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.3.2. Germany Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.4.2. Italy Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.5.2. Spain Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.6.2. Sweden Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.7.2. Austria Ferrochrome Market Size and Forecast, by End-user (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Ferrochrome Market Size and Forecast, by Product (2022-2029) 5.3.8.2. Rest of Europe Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6. Asia Pacific Ferrochrome Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 6.1. Asia Pacific Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.2. Asia Pacific Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3. Asia Pacific Ferrochrome Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.1.2. China Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.2.2. S Korea Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.3.2. Japan Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.4. India 6.3.4.1. India Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.4.2. India Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.5.2. Australia Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.6.2. Indonesia Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.7.2. Malaysia Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.8.2. Vietnam Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.9.2. Taiwan Ferrochrome Market Size and Forecast, by End-user (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Ferrochrome Market Size and Forecast, by Product (2022-2029) 6.3.10.2. Rest of Asia Pacific Ferrochrome Market Size and Forecast, by End-user (2022-2029) 7. Middle East and Africa Ferrochrome Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 7.1. Middle East and Africa Ferrochrome Market Size and Forecast, by Product (2022-2029) 7.2. Middle East and Africa Ferrochrome Market Size and Forecast, by End-user (2022-2029) 7.3. Middle East and Africa Ferrochrome Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Ferrochrome Market Size and Forecast, by Product (2022-2029) 7.3.1.2. South Africa Ferrochrome Market Size and Forecast, by End-user (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Ferrochrome Market Size and Forecast, by Product (2022-2029) 7.3.2.2. GCC Ferrochrome Market Size and Forecast, by End-user (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Ferrochrome Market Size and Forecast, by Product (2022-2029) 7.3.3.2. Nigeria Ferrochrome Market Size and Forecast, by End-user (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Ferrochrome Market Size and Forecast, by Product (2022-2029) 7.3.4.2. Rest of ME&A Ferrochrome Market Size and Forecast, by End-user (2022-2029) 8. South America Ferrochrome Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 8.1. South America Ferrochrome Market Size and Forecast, by Product (2022-2029) 8.2. South America Ferrochrome Market Size and Forecast, by End-user (2022-2029) 8.3. South America Ferrochrome Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Ferrochrome Market Size and Forecast, by Product (2022-2029) 8.3.1.2. Brazil Ferrochrome Market Size and Forecast, by End-user (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Ferrochrome Market Size and Forecast, by Product (2022-2029) 8.3.2.2. Argentina Ferrochrome Market Size and Forecast, by End-user (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Ferrochrome Market Size and Forecast, by Product (2022-2029) 8.3.3.2. Rest Of South America Ferrochrome Market Size and Forecast, by End-user (2022-2029) 9. Global Ferrochrome Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Production of 2022 9.3.6. Company Locations 9.4. Leading Ferrochrome Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Ferrochrome Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Afarak 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. ENRC 10.3. GLENCORE 10.4. Tata Steel 10.5. Samancor 10.6. Hernic Ferrochrome 10.7. Fondel Corporation 10.8. Tharisa 10.9. Westbrook Resources 10.10. ICT Group 10.11. Sinosteel 10.12. Rohit Ferro Tech 10.13. Tennant Metallurgical Group 10.14. Ferro Alloys Corporation 10.15. ZIMASCO 10.16. ZimAlloys 10.17. Maranatha Ferrochrome 10.18. Oliken Ferroalloys 10.19. Vargon Alloys 10.20. Indsil 10.21. Harsco 11. Key Findings 12. Industry Recommendations 13. Ferrochrome Market: Research Methodology 14. Terms and Glossary