Report Update: Apr 24, 2024

World - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Indian Ferro Alloys

Indian ferro alloys are an essential part of the steel-making process, providing various metallurgical properties that determine the quality of steel. Ferro alloys are a group of iron and non-ferrous metals that are added to steel to impart desirable qualities such as strength, toughness, hardness, and resistance to corrosion, heat, and wear. India is one of the biggest producers of ferro alloys in the world, with the industry playing a vital role in the country's economic growth.

The Indian ferro alloys industry is mostly concentrated in the eastern region, in the states of Odisha, West Bengal, and Jharkhand. It has a production capacity of over 6 million tonnes per annum of different types of ferro alloys such as ferro manganese, ferro chrome, and silico manganese. The industry is dominated by several large players such as Tata Steel, Indian Metals and Ferro Alloys (IMFA), and Maithan Alloys, among others.

Types of Indian Ferro Alloys

The Indian ferro alloys industry produces a wide range of ferro alloys, including:

Ferro Manganese: This is the most widely used ferro alloy, produced by the reduction of manganese ore with coke and coal. It imparts toughness, hardness, and strength to steel, making it suitable for use in construction, automobile, and power industries. India is one of the world's largest producers of ferro manganese, accounting for around 50% of the global production.
Ferro Chrome: This alloy is produced by the reduction of chromite ore with coke and coal. It imparts corrosion resistance, hardness, and durability to steel, making it suitable for use in the production of stainless steel. India is the third-largest producer of ferro chrome in the world, accounting for around 12% of the global production.
Silico Manganese: This alloy is produced by the reduction of manganese ore, silica, and coal. It imparts strength, toughness, and hardness to steel, making it suitable for use in construction, automobile, and power industries. India is one of the world's largest producers of silico manganese, accounting for around 20% of the global production.

Growth Drivers of Indian Ferro Alloys Industry

The Indian ferro alloys industry has witnessed significant growth in recent years, mainly due to the following factors:

Increasing demand for steel: Steel is an essential component of modern infrastructure, and its demand is increasing rapidly due to an expanding population, rising urbanization, and industrialization. This has led to a corresponding increase in the demand for ferro alloys as they are essential for steel production.
Abundant availability of raw materials: India has abundant reserves of manganese ore, chromite, iron ore, and coal, which are the primary raw materials required for the production of ferro alloys. The availability of these raw materials has provided a competitive advantage to the Indian ferro alloys industry.
Government support: The Indian government has been proactive in providing support to the ferro alloys industry by implementing policies such as tax holidays, financial incentives, and export promotion schemes. This has encouraged new investments in the industry and boosted the growth of existing players.

Challenges Faced by Indian Ferro Alloys Industry

Despite the growth drivers, the Indian ferro alloys industry faces several challenges, including:

Fluctuating prices: The prices of raw materials such as manganese ore and coal, which account for a significant portion of the production cost, are volatile and subject to global market demand. This creates uncertainty and affects the profitability of the industry.
Environmental regulations: The ferro alloys industry is a polluting industry, and the Indian government has imposed strict environmental regulations to mitigate its impact. Compliance with these regulations increases the production cost and affects the competitiveness of the industry.
Competition from China: China is the largest producer of ferro alloys in the world and competes with India in the global market. The Chinese industry enjoys economies of scale, low-cost production, and availability of cheap labour, which enable it to offer lower prices compared to Indian producers.

Conclusion

The Indian ferro alloys industry is an important sector in the country's economy, providing essential raw materials for steel production. Despite facing several challenges, the industry has grown significantly in recent years and is expected to continue its growth trajectory in the coming years, driven by rising demand for steel, abundant availability of raw materials, and government support. The industry needs to address the challenges it faces and develop strategies to improve its competitiveness in the global market.

This report provides an in-depth analysis of the global ferro-alloys market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Nippon Denko Co. ltd., Chelyabinsk Electrometallurgical Plant, Sakura Ferroalloys SDN BHD, FerroGlobe PLC, South32, Assmang, KG DongBu Steel, Vale, Kosaya Gora Iron Works PJSC, Atlas Bronze, Belmont Metals, Midvale Industries, Reade Advanced Materials, CCMA LLC, America Steel Trade, AMETEK Specialty Metal Products Eighty Four, Diversified Industrial Products, Atlantic Equipment Engineers, Inc., Airgas, Hummel Croton Inc., SC Nexus LLC, Malcolm G. Stevens, N.T. Ruddock Co., Kobe Steel USA Inc., Titan International, Advanced Metalworking Practices, North American Minerals Corp., F. W. Winter & Co., Goodrich Manufacturing Co., Metallurg Vanadium, Sotrem-Maltech

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023