How large is the global ferroalloys market?

The global ferroalloys market was valued at USD 50.35 billion in 2023 and is expected to reach USD 53.57 billion in 2024.

What is the global ferroalloys market growth?

The global ferroalloys market is expected to grow at a compound annual growth rate of 8.4% from 2024 to 2030 to reach USD 86.72 billion by 2030.

Which segment accounted for the largest share of the global ferroalloys market?

Based on product, the ferro silico manganese segment accounted for the largest revenue share of over 45.0% of the market in 2023 owing to the surging steel demand from the EV and aerospace industries.

Who are the key players in the global ferroalloys market?

Some key players in the global ferroalloys market are Gulf Ferro Alloys Company (Sabayek), Glencore, Jindal Group, S.C. Feral S.R.L, SAIL, Samancore Chrome, Shanghai Shenjia Ferroalloys Co. Ltd, and Tata Steel Limited.

What are the key drivers for the growth of the global ferroalloys market?

The key drivers for the growth of the global ferroalloys market are the increasing non-residential construction in developed countries and the surging number of low-cost, affordable housing unit projects in emerging countries.