KFA Ferro Alloys, OM Holdings Ltd, and Elkem A.S.A. are dominating the KSA & GCC Ferrosilicon Market in 2022

KSA and GCC Ferrosilicon Market is expected to grow with the CAGR of 3.3% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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KSA & GCC ferrosilicon market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in KSA & GCC ferrosilicon market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In February 2021, Elkem A.S.A. signed a Letter of Intent (LoI) with Vow ASA’s wholly owned subsidiary Vow Industries. This has helped the company to reduce fossil CO2-emissions from the production of silicon and ferrosilicon products.

KFA Ferro Alloys is the dominating player in KSA & GCC ferrosilicon market. The other key players existing in the market are Elkem ASA, Steel Force, Gulf Ferro Alloys Company, iran-ifc, MORTEX GROUP, I.F.I, OM Holdings Ltd., Sabayek, and Capstone Alloys & Steel Industries Ltd among others.

KSA & GCC Ferrosilicon Market

KFA Ferro Alloys

KFA Ferro Alloys was founded in the year 2007 and is headquartered in Fahaheel, Kuwait. The main focuses on the production and distribution of ferrosilicon. The company operates its business via segments including ferrosilicon in which ferrosilicon is the market focused segment.

The company has presence across Kuwait.

Elkem A.S.A.

Elkem A.S.A. was founded in the year 1904 and is headquartered in Oslo, Norway. Their main focus of the company is on production and supply of advanced material solutions. The company operates its business via several business segments including silicones, silicon products, carbon solutions, others in which silicon products is the market focused segment. The company has various product categories which are silicon specialities, aluminium, chemicals, polysilicon, foundry, and steel and materials in which silicon specialities is the market focused category.

For instance,

  • In February 2021, Elkem A.S.A. signed a Letter of Intent (LoI) with Vow ASA’s wholly owned subsidiary Vow Industries. This has helped the company to reduce fossil CO2-emissions from the production of silicon and ferrosilicon products

The company has presence across North America, South America, Europe, Asia-Pacific, and Middle East and Africa.

OM Holdings Ltd

OM Holdings Ltd is headquartered in Singapore and was founded in 1993. The company focuses on the production and distribution of vertically integrated manganese ore and ferroalloy. The company operates its business via several business segments such as mining, smelting, marketing and trading in which smelting is the market focused segment. The company has three product categories which are manganese ore, manganese alloys, silicon alloys in which silicon alloys is the market focused category.

The company has presence across North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The company also has various subsidiaries OM Materials (S) Pte Ltd. (Singapore), Om Materials (M) Sdn Bhd (Singapore), Flores Mineral Waste Processing (s) Pte Ltd (Singapore), OM (Manganese) Ltd. (Australia), and OM Materials (Tianjin) Ltd (China) amongst others.