- High Carbon Ferro Chrome
- Low Silicon Ferro Chrome
- Others
Ferro Chrome Market size valued USD 18.46 billion in 2022 and is poised to grow at a CAGR of 4.2% from 2023-2029. 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. Â 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).
Global Ferro Chrome Industry Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.2%
Largest Market
Europe
Fastest Growing Market
Asia-Pacific
Ferro Chrome Market Dynamics
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 Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The ferro chrome market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Ferro Chrome Industry Market Segmentation
By Product Type
By Application
- Alloy steel
- Stainless steel
- Carbon steel
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The ferro chrome market size was valued at USD 18.46 billion in 2022
The ferro chrome market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for ferro chrome market
| 1. Executive Summary |
| 2. Global Ferro Chrome Industry Market Introduction |
| 2.1.Global Ferro Chrome Industry Market - Taxonomy |
| 2.2.Global Ferro Chrome Industry Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Ferro Chrome Industry Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Ferro Chrome Industry Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Ferro Chrome Industry Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. High Carbon Ferro Chrome |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Low Silicon Ferro Chrome |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Ferro Chrome Industry Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Alloy steel |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Stainless steel |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Carbon steel |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Ferro Chrome Industry Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Ferro Chrome Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.High Carbon Ferro Chrome |
| 8.1.2.Low Silicon Ferro Chrome |
| 8.1.3.Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Alloy steel |
| 8.2.2.Stainless steel |
| 8.2.3.Carbon steel |
| 8.2.4.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Ferro Chrome Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.High Carbon Ferro Chrome |
| 9.1.2.Low Silicon Ferro Chrome |
| 9.1.3.Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Alloy steel |
| 9.2.2.Stainless steel |
| 9.2.3.Carbon steel |
| 9.2.4.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Ferro Chrome Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.High Carbon Ferro Chrome |
| 10.1.2.Low Silicon Ferro Chrome |
| 10.1.3.Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Alloy steel |
| 10.2.2.Stainless steel |
| 10.2.3.Carbon steel |
| 10.2.4.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Ferro Chrome Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.High Carbon Ferro Chrome |
| 11.1.2.Low Silicon Ferro Chrome |
| 11.1.3.Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Alloy steel |
| 11.2.2.Stainless steel |
| 11.2.3.Carbon steel |
| 11.2.4.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Ferro Chrome Industry Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.High Carbon Ferro Chrome |
| 12.1.2.Low Silicon Ferro Chrome |
| 12.1.3.Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Alloy steel |
| 12.2.2.Stainless steel |
| 12.2.3.Carbon steel |
| 12.2.4.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Tata Steel |
| 13.2.2.Arcelor Mittal |
| 13.2.3.OM Holdings |
| 13.2.4.Gulf Ferroalloys |
| 13.2.5.Brahm Group |
| 13.2.6.Ferroalloy Corporation Limited |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- 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