Gulf Cooperation Council Ferrosilicon Market Size & Outlook
The ferrosilicon market in Gulf Cooperation Council is expected to reach a projected revenue of US$ 214.5 million by 2030. A compound annual growth rate of 1.5% is expected of Gulf Cooperation Council ferrosilicon market from 2024 to 2030.
Revenue, 2023 (US$M)
$192.6
Forecast, 2030 (US$M)
$214.5
CAGR, 2024 - 2030
1.5%
Report Coverage
Gulf Cooperation Council
Related Markets
Gulf Cooperation Council ferrosilicon market highlights
- The Gulf Cooperation Council ferrosilicon market generated a revenue of USD 192.6 million in 2023 and is expected to reach USD 214.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 1.5% from 2024 to 2030.
- In terms of segment, deoxidizer was the largest revenue generating application in 2023.
- Inoculants is the most lucrative application segment registering the fastest growth during the forecast period.
Ferrosilicon market data book summary
| Market revenue in 2023 | USD 192.6 million |
| Market revenue in 2030 | USD 214.5 million |
| Growth rate | 1.5% (CAGR from 2024 to 2030) |
| Largest segment | Deoxidizer |
| Fastest growing segment | Inoculants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Deoxidizer, Inoculants, Other Applications |
| Key market players worldwide | Elkem ASA Ordinary Shares, Eurasian Resources Group, Ferroglobe PLC, OM Holdings Ltd, Ferro-Alloy Resources Ltd Ordinary Shares, China Petroleum & Chemical Corp Class H |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 1.7% of the global ferrosilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council ferrosilicon market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 214.5 million by 2030.
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Ferrosilicon Market Scope
Ferrosilicon market segmentation & scope
Ferrosilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ferro-Alloy Resources Ltd Ordinary Shares | View profile | 200 | Noble House, Les Baissieres, Saint Peter Port, Guernsey, GY1 2UE | https://www.ferro-alloy.com |
| Eurasian Resources Group | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://www.eurasianresources.lu/ |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| OM Holdings Ltd | View profile | 1851 | 10 Eunos Road 8, No. 09 - 03A, Singapore Post Centre, Singapore, Singapore, 408600 | http://www.omholdingsltd.com |
| Ferroglobe PLC | View profile | 3403 | 13 Chesterfield Street, London, United Kingdom, W1J 5JN | https://www.ferroglobe.com |
Gulf Cooperation Council Application - Ferrosilicon Market size, 2023 - 2030 (US$M)
Gulf Cooperation Council Ferrosilicon Market Outlook Share, 2023 & 2030 (US$M)
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