Global Ferro Manganese Market By Grade (High Carbon Ferro Manganese and Refined Ferro Manganese), Application (Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron and Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Ferro Manganese Market
Data Bridge Market Research analyses that the ferro manganese market will witness a CAGR of 4.50% for the forecast period of 2021-2028. Increase in the demand for ferro manganese for a wide range of applications such as carbon steel, stainless steel, alloy steel, cast iron, and other industrial and commercial applications, growing demand for aluminium alloys by the various verticals and surge in industrialization, especially in the developing countries are the major factors attributable to the growth of the ferro manganese market. This means that the ferro manganese market value, which was USD 14,500.00 million, will rocket up to USD 20,620.45 million by the year 2028.
Also known as ferroalloy, ferro manganese is a result of heating oxides Fe2O3 and MnO2 along with carbon. This mixture is heated in either a blast furnace or an electric furnace where the oxides or the mixture goes through the process of carbo thermal reduction. The deposits of ferro manganese are largely found in countries like Australia, France, South Africa, and Mexico. A wide range of manganese alloys are available in the market, each having varying content of carbon, silicon, manganese, iron, phosphorous and nitrogen. However, ferro manganese has the highest quality of manganese.
Rise in demand and production of steel globally is the root cause fuelling up the ferro manganese market growth rate. Rising industrialization coupled with increasing application of ferro manganese in place of nickels will also directly and positively impact the growth rate of the ferro manganese market. High consumption of ferro manganese chemicals in the production of aluminium alloys will further carve the way for the growth of market. Growth and expansion of various end user verticals such as metallurgy, chemical and automobile industries market will also bolster the ferro manganese market growth rate. Growing awareness about the benefits of ferro manganese, such as desulphurizing and anti-oxidant properties will also act as an important factor bolstering the growth rate of the market in the upward direction.
However, rising environmental concerns and stringent regulations in regards to environmental pollution will pose a major challenge to the growth of the ferro manganese market. Also, fluctuations in the costs of steel and other metals will dampen the ferro manganese market growth rate. Increasing health concerns owing to the prolonged exposure will further derail the ferro manganese market growth rate. Slumping sales of automotive vehicles especially during the coronavirus period will also create hindrances for a smooth growing market rate.
This ferro manganese market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ferro manganese market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ferro Manganese Market Scope and Market Size
The ferro manganese market is segmented on the basis of grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of grade, the ferro manganese market is segmented into high carbon ferro manganese and refined ferro manganese.
- On the basis of application, the ferro manganese market is segmented into carbon steel, stainless steel, alloy steel, cast iron and other applications.
Global Ferro Manganese Market Country Level Analysis
The ferro manganese market is analysed and market size, volume information is provided by country, grade and application referenced above.
The countries covered in the ferro manganese market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ferro manganese market and will continue to flourish its dominance during the forecast period owing to the growth and expansion of various end user verticals in this region, rising industrialization and growing steel production and consumption especially in the emerging economies.
The country section of the ferro manganese market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ferro Manganese Market Share Analysis
The ferro manganese market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ferro manganese market.
The major players covered in the ferro manganese market report are Monnet Group, Gulf Manganese Corporation Limited, Tata Steel, Vale, Eurasian Resources Group, Minmetals Land Limited, MMG Australia Limited, eramet, South32, OM Holdings Ltd., ISPAT India., Jiaocheng yiwang ferroalloy co. LTD, Shyam Metalics., Ferroglobe, NIPPON DENKO CO.,LTD., OFZ, a.s.,, Modern India Con-Cast Limited., Srinivasa Ferro Alloy Limited, ERDOS and Hickman, Williams & Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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