Global Silicon Alloys Market, By Type (Ferrosilicon), By Application (Carbon Steel, Stainless Steel,

Published Date: | Report Code : MT1958301

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Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the silicon alloys market during the forecast period. This market has witnessed the number of key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of silicon alloys market during the forecast period.

An alloy is a mixture of metals which is produced by the amalgamation of two or more metallic or non-metallic elements together in the desired quantity to grant certain desirable properties or characteristics to the base metal. The silicon alloys have silicon as the major element present in them. Silicon alloy is made from sand or silica by reducing it with iron and coke at extremely high temperatures in submerged arc electric furnaces.

Segment Analysis:

The global silicon alloys market is segmented based on type and application.

Based on type, it is segmented into Ferrosilicon. Ferrosilicon is further segmented into deoxidizers, inoculants, and others. The deoxidizers are most widely used and preferred as they can improve the corrosion resistance and high-temperature heat resistance properties of the new product.

By application, it is segregated into carbon steel, stainless steel, electrical steel, cast iron, and others. The rapid industrialization, as well as the increasing demand for automobiles, has also positively impacted this market

Key Factors Impacting Market Growth:

  • Its properties such as machinability, thermal conductivity, corrosion resistance, and castability.

  • Increasing number of people adopting solar panels

Regional Analysis:

The regional outlook section for silicon alloys market provides the region-wise market projections along with related market dynamics. Besides, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and the Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGR with strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. Besides, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the silicon alloy market during the forecast period.

Companies Covered: RFA International, OM Holdings Ltd., Dragon Northwest Ferroalloy Co.,Ltd., Kuwait United Chemalloys Manufacturing, DMS Powders (Pty) Ltd, Ferroglobe, SKP Group, ArcelorMittal, Jindal Stainless Ltd, Metal & Alloys Corporation, Elkem ASA, Georgian American Alloys, Lalwani Ferro Alloys Ltd., Tata Steel Ltd, Pioneer Carbide Pvt. Limited, and Steelmin Limited.

Market Segmentation:

By Type:

  • Ferrosilicon

    • Deoxidizers

    • Inoculants

    • Others.

By Application:

  • Carbon Steel

  • Stainless Steel

  • Electrical Steel

  • Cast Iron

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the Global Silicon Alloys Market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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