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Ferro Silicon Market Trends

  • Report ID: GMI7787
  • Published Date: Jan 2024
  • Report Format: PDF

Ferro Silicon Market Trends

The increased need for ferro silicon in the manufacturing of solar-grade silicon, spurred by the global expansion of the solar energy industry. Furthermore, there is a growing emphasis on R&D operations to improve the efficiency of ferro silicon as an inoculant in the iron casting process, which contributes to enhanced casting performance. Furthermore, the market is shifting toward more sustainable practices, with firms investigating energy-efficient manufacturing procedures and recycling programs. The growing popularity of electric cars, as well as developments in steel production technology, are driving up demand for high-quality ferro silicon alloys.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Ferro silicon industry was valued at around USD 12.8 Billion in 2023 and is estimated to reach USD 15.97 Billion by the end of 2032, owing to its vital role in the steel and iron industries.

Atomized ferro silicon segment held a market value of USD 9.89 Billion in 2023 and is set for further expansion through 2032, due to its improved fluidity and a consistent particle size distribution.

Asia Pacific atomized ferrosilicon market generated a revenue of USD 5.52 Billion in 2023 and is expected showcase robust growth trends, driven by the strong expansion of the steel and construction sectors.

Elkem ASA, Ferroglobe PLC, Sinosteel Jilin Ferroalloy Corporation Limited, Tata Steel Limited are some of the major industry contenders.

Ferro Silicon Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 227
  • Countries covered: 22
  • Pages: 180
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