Ferrosilicon Market Size, Share & Trends Report

Ferrosilicon Market Size, Share & Trends Analysis Report By Application (Deoxidizer, Inoculants), By End-use (Stainless Steel, Cast Iron), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-791-9
  • Number of Pages: 100
  • Format: Electronic (PDF)

Market Segmentation

  • Ferrosilicon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • Deoxidizer
    • Inoculant
    • Others
  • Ferrosilicon End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • Carbon & Other Alloy Steel
    • Stainless Steel
    • Electric Steel
    • Cast Iron
    • Others
  • Ferrosilicon Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Ferrosilicon Market, By Application
        • Deoxidizer
        • Inoculant
        • Others
      • North America Ferrosilicon Market, By End-use
        • Carbon & Other Alloy Steel
        • Stainless Steel
        • Electric Steel
        • Cast Iron
        • Others
      • U.S.
        • U.S. Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • U.S. Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • Canada
        • Canada Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Canada Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • Mexico
        • Mexico Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Mexico Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
    • Europe
      • Europe Ferrosilicon Market, By Application
        • Deoxidizer
        • Inoculant
        • Others
      • Europe Ferrosilicon Market, By End-use
        • Carbon & Other Alloy Steel
        • Stainless Steel
        • Electric Steel
        • Cast Iron
        • Others
      • Germany
        • Germany Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Germany Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • U.K.
        • U.K. Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • U.K. Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • Russia
        • Russia Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Russia Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
    • Asia Pacific
      • Asia Pacific Ferrosilicon Market, By Application
        • Deoxidizer
        • Inoculant
        • Others
      • Asia Pacific Ferrosilicon Market, By End-use
        • Carbon & Other Alloy Steel
        • Stainless Steel
        • Electric Steel
        • Cast Iron
        • Others
      • China
        • China Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • China Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • India
        • India Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • India Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
      • Japan
        • Japan Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Japan Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
    • Central & South America
      • Central & South America Ferrosilicon Market, By Application
        • Deoxidizer
        • Inoculant
        • Others
      • Central & South America Ferrosilicon Market, By End-use
        • Carbon & Other Alloy Steel
        • Stainless Steel
        • Electric Steel
        • Cast Iron
        • Others
      • Brazil
        • Brazil Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • Brazil Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others
    • Middle East & Africa
      • Middle East & Africa Ferrosilicon Market, By Application
        • Deoxidizer
        • Inoculant
        • Others
      • Middle East & Africa Ferrosilicon Market, By End-use
        • Carbon & Other Alloy Steel
        • Stainless Steel
        • Electric Steel
        • Cast Iron
        • Others
      • GCC
        • GCC Ferrosilicon Market, By Application
          • Deoxidizer
          • Inoculant
          • Others
        • GCC Ferrosilicon Market, By End-use
          • Carbon & Other Alloy Steel
          • Stainless Steel
          • Electric Steel
          • Cast Iron
          • Others

Ferrosilicon Market Dynamics

Driver: Major Application in the Steel Industry

The ferrosilicon demand is high in the steel industry as more than 80% of the overall consumption occurs in the production of deoxidizers and inoculants. In addition, FeSi is also used in the manufacturing of several grades of steel such as stainless steel, carbon steel, and electric steel. Moreover, as most of the produced ferrosilicon is used by steel foundries, the market is largely driven by the demand for steel and its production trends. Steel application is growing in industries including home appliances, construction, and automotive. However, the growing demand for steel in the application industries is expected to bolster production over the forecast period.

The ferrosilicon demand as a deoxidizer in the steel industry is anticipated to be a major ferrosilicon market driver. Ferrosilicon aids in the extraction of oxygen during the manufacturing process, providing a smooth texture to steel and increasing the corrosion resistance of the metal. The use of ferrosilicon as a source of silicon to enhance metal conductivity is expected to have a positive impact on the market during the forecast period.

Restraint: Availability of Substitutes

Ferrosilicon is extensively used in the steel manufacturing industry. During the production process of silicon, silicon slag, a byproduct is obtained, which is widely used in the recycling of pig iron and common casting of steel slag. This byproduct can also significantly enhance the furnace temperature, discharge iron slag, and increase liquidity effectively. Silicon slag comprises approximately 45% to 95% of silicon, and therefore, can be used as a substitute for ferrosilicon. Silicon slag is cheaper than ferrosilicon and has various industrial applications. As the cost of the product is low, it can replace ferrosilicon in the silicon manufacturing process and also in the manufacturing of steel. Silicon slag is used as a substitute deoxidizer for extracting oxygen in the steel manufacturing process. The availability and increasing use of aforementioned substitutes for ferrosilicon are expected to restrain ferrosilicon market growth. 

What Does This Report Include?

This section will provide insights into the contents included in this ferrosilicon market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Ferrosilicon market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Ferrosilicon market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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