North America And EMEA Ferrosilicon Market Size, Share & Trends Analysis Report By Application (Carbon & Alloy Steel, Stainless Steel, Electric Steel, Cast Irons, Others), By Region, And Segment Forecasts, 2025 - 2030

Market Size & Trends

The North America and EMEA ferrosilicon market size was valued at USD 3.60 billion in 2024 and is expected to grow at a CAGR of 4.4% from 2025 to 2030. The growth of this market is primarily driven by increasing demand for high-quality, premium steel from industries such as construction, automotive, and others. Ferrosilicon is used for steel production to enhance strength, deoxidize, and increase its properties.

Ferrosilicon is extensively utilized by the steel industry as a deoxidizing agent. During the production process, it is added to steel to reduce the content of chromium oxides, which enhances the recovery of metallic chromium. This results in added hardness and improved quality of the finished product.

Some industries also use it for purposes such as electrode coatings in arc welding, silicon production, and the manufacturing of other ferroalloys. Ferrosilicon is used to accelerate graphitization while inoculating iron in the cast iron manufacturing process. The growing development of specialized-grade steel is expected to add growth opportunities to this market.

In recent years, countries such as the U.S., Italy, Denmark, and others have been experiencing significant growth in new construction. This includes private residences and commercial buildings. Additionally, supportive regulatory scenarios are also adding to the growth. Supportive policy environments driven by the CHIPS Act, Inflation Reduction Act (IRA), and Infrastructure Investment and Jobs Act (IIJA) have increased spending on constructing manufacturing facilities in the U.S. market. This is anticipated to surge demand for high-quality steel and drive growth for the Ferrosilicon market during the forecast period.

Demand for high-strength, lightweight steel for the automotive industry has grown rapidly due to the increasing adoption of electric vehicles worldwide. Multiple manufacturers' increased focus on embracing sustainable materials while attempting to deliver energy-efficient products is contributing to the growing demand for ferrosilicon-added steel. Additionally, infrastructural developments initiated by various governments to provide enhanced quality of life and reduce environmental impact are expected to generate greater demand for the product in the next few years.

Application Insights

The carbon & alloy steel segment dominated the North America and EMEA Ferrosilicon industry with a revenue share of 43.7% in 2024. Significant expansions experienced by the construction and infrastructure development industry have increased demand for carbon and alloy steel in recent years. Large-scale construction projects initiated by global organizations and various governments have developed a surge in demand for strong and durable materials to construct bridges, pipelines, buildings, and more. The automotive industry also relies heavily on carbon and alloy steel, which are vital in manufacturing car bodies and other components. Carbon and alloy steel manufacturers use ferrosilicon to ensure added strength, durability, and quality of finished products.

The stainless steel segment is projected to experience significant growth from 2025 to 2030. This is attributed to the noteworthy growth experienced by the application industries such as construction, automotive, and others. Steel manufacturers extensively incorporate ferrosilicon to enhance the strength and quality of finished products. It is added during the manufacturing processes to achieve deoxidization, slag reduction, chromium recovery, and the overall alloy composition of stainless steel.

Regional Insights

Europe dominated the North America and EMEA Ferrosilicon industry with revenue share of 63.8% in 2024. Total crude steel production in Europe was 256,000 metric tons in 2023. The European Union exported nearly 16.3 million tons of finished steel products during 2023. North & Central America was a key region in these export activities. Growing steel consumption by domestic industry participants in sectors such as construction, mechanical engineering, metalware, automotive, and others is expected to generate a surge in demand for Ferrosilicon in the region during the forecast period.

Russia held the largest revenue share of the regional industry in 2024. This is attributed to the growth experienced by the country's steel industry. The increasing application of Ferrosilicon by automotive industry participants is also adding to the growth opportunities for this market. Russia's Domestic Ferrosilicon production capacity also contributes to growth.

North America Ferrosilicon Market Trends

North America is anticipated to experience a significant growth in 2024. Large-scale construction projects initiated in the region, the robust steel production industry, and the lucrative growth experienced by the electric vehicles market are some of the key driving factors for this market. Growing residential construction needs in countries such as Canada and the U.S. are expected to drive growth for the steel industry and demand for ferrosilicon. For instance, the Canada Mortgage and Housing Corporation has projected that 6 million newly built houses are required by 2030 to address domestic housing needs.

U.S. Ferrosilicon Market Trends

The U.S. dominated the regional market for Ferrosilicon in 2024. The U.S. is home to multiple steel production companies. The domestic construction sector has been experiencing significant growth facilitated by large-scale government-funded projects and commercial building construction in the country. These aspects are expected to drive growth for the U.S. Ferrosilicon market during the forecast period.

Key North America And EMEA Ferrosilicon Company Insights

Some of the key companies operating in North America and the EMEA ferrosilicon industry include Eurasian Resources Group, Ferroglobe, Eramet, Metalleghe, and others. To address growing demand driven by the construction industry and increasing competition, multiple players in the industry have been embracing strategies such as facility enhancements, increasing collaborations and supply contracts, innovation, adoption of technology advancements, automation, and others.

• FINNFJORD AS specializes in the environmentally friendly and energy-efficient production of Ferrosilicon. The company is working towards becoming a CO2-free producer of Ferrosilicon. High-capacity steam turbines produce a large amount of Ferrosilicon per year. Its product offerings include Ferrosilicon, Silica, and others.

• thyssenkrupp Materials Trading GmbH offers a wide range of products, including raw materials, chromite sand, coke and coal, ferroalloys and chrome, powder metals, minerals, steel products, technological materials, recarburizers, and others. Its ferroalloys portfolio includes ferromanganese and Ferrosilicon.

North America and EMEA Ferrosilicon Market Report Scope

North America And EMEA Ferrosilicon Market Report Segmentation

This report forecasts revenue growth at regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the ferrosilicon market report based on application and region.

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Carbon & Alloy Steel

  • Stainless Steel

  • Electric Steel

  • Cast Irons

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • UK

  • MEA

    • GCC