Global Ferro Chrome Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Ferro Chrome Market: By Product Type (High Carbon Ferro Chrome, Low Silicon Ferro Chrome, Others), by Application Type (Alloy steel, Stainless steel, Carbon steel, Others) and Geography

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Report

Description

Ferro Chrome Market size valued USD 18.46 billion in 2020 and expected to reach USD 24.26 billion by 2027, at a CAGR of  4.2% during the forecast period 2021-2027. Stainless steel is manufactured predominantly from ferro chrome. Moreover, low carbon ferro chrome is also used in the manufacturing of acid-resistant steels which further upsurges the market growth. Ferro chrome powder is used in the field of powder metallurgy. It is used in road construction and civil engineering in addition to in the manufacturing of refractory materials owing to its chemical stability. These factors create a surge for these chemicals in the market. However, exposure to ferro chrome can impose severe health implications which might affect skin, eyes, and irritation to mouth. These factors can negatively impact the growth of market.  This report studies global ferro chrome market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global ferro chrome market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Ferro Chrome market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Ferro Chrome Market

MARKET SUMMARY
-
4.2%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.2%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Ferro Chrome Market

  • The global ferro chrome market report gives comprehensive outlook on ferro chrome Industry across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
  • The report on global ferro chrome market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, application and regions.
  • Key stakeholders of the global ferro chrome market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global ferro chrome Industry products.
Key Players
  • Tata Steel
  • Arcelor Mittal
  • OM Holdings
  • Gulf Ferroalloys
  • Brahm Group
Ferro Chrome Market

Drivers And Restraints

Ferro chrome is used for a wide range of applications like alloy steel, stainless steel, carbon steel, and others. Alloy steel holds a maximum share in the market in terms of revenue and is expected to grow substantially in the near future. Manufacturing of pipes and bearings are the most important uses of alloy steel. Excellent properties provided to the pipes which is majorly made up of these steels have devour key solicitations in gas drilling, oil. Aerospace, defense, general engineering, railway etc. are the major end users to employ alloy steel. Moreover, rising investment in manufacturing sector is expected to create a demand for alloy steels during the forecast period. Carbon steel has a wide range of application which requires hardness and strength, wear resistance, predominately in wrenches, chisels, structural wires & cables, railway wheels, drill bits, etc. Increasing industrialization and urbanization has up surged the demand for carbon steel during the forecast period.


Asia-Pacific got significant share

Ferro Chrome Market

Asia Pacific displays a strong growth in the market. Increased consumption and exports from China, Japan coupled with emerging technology for the manufacturing of ferrochemical is expected to drive the market growth. North America is expected to register a significant CAGR due to increased production of ferrochemical in this region. Europe exhibits a lethargic growth due to global recession in this region coupled with dampen economy.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global ferro chrome market expanding at significant CAGR over 2021 to 2027 due to increasing regulations related to fire safety.
  • Based on application, alloy steel segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global ferro chrome market

Key

Features of the Report

Ferro Chrome Market Segmentation


Location

GEOGRAPHY


Report

Company Profile

  • Tata Steel
  • Arcelor Mittal
  • OM Holdings
  • Gulf Ferroalloys
  • Brahm Group
  • Ferroalloy Corporation Limited
  • SAIL
  • Sakura Ferroalloys
  • Eurasian Natural Resources Corporation
  • C. Feral S.R.L.
  • Jindal Group
  • China Minmetals Corporation
  • Pertama Ferroalloys

Description

Ferro Chrome Market size valued USD 18.46 billion in 2020 and expected to reach USD 24.26 billion by 2027, at a CAGR of  4.2% during the forecast period 2021-2027. Stainless steel is manufactured predominantly from ferro chrome. Moreover, low carbon ferro chrome is also used in the manufacturing of acid-resistant steels which further upsurges the market growth. Ferro chrome powder is used in the field of powder metallurgy. It is used in road construction and civil engineering in addition to in the manufacturing of refractory materials owing to its chemical stability. These factors create a surge for these chemicals in the market. However, exposure to ferro chrome can impose severe health implications which might affect skin, eyes, and irritation to mouth. These factors can negatively impact the growth of market.  This report studies global ferro chrome market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global ferro chrome market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Ferro Chrome market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX