Global Ferrochrome Market – Industry Analysis and Forecast (2019-2027) –

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Global Ferrochrome Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global ferrochrome market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global ferrochrome market.

Ferrochrome is an alloy of chromium & iron, it encloses 50% - 70% of chromium by weight. A ferrochrome manufacturing process is mostly conducted by the carbothermic reduction of chromite in an electric submerged arc furnace (SAF). In modern industries, ferrochrome is used to produce stainless steel, as it imparts strength and durability. The global ferrochrome market is growing significantly in the developing countries that are China, India, South Africa, Brazil, and Indonesia, because of their large demand for stainless steel and other alloy steel in the construction industry.

The ferrochrome market is increasing consolidated with several major ferrochrome producers leading the ferrochrome production globally. Meanwhile, the high production and rich reserves of metallurgical chromite and other raw materials in South Africa, Zimbabwe, and Kazakhstan are also fuelling the ferrochrome market globally. At last, the increasing use of stainless steel around the world for various end-user industries, such as construction and automobile, is anticipated to be one of the major factors driving the global ferrochrome market forward throughout the forecast period.
Global Ferrochrome Market Segment Analysis:

Charge chrome and high carbon segment are expected to hold the largest ferrochrome market share during the forecast period. Charge chrome and high carbon ferrochrome provide boosted hardenability, temperature stability, and corrosion resistance of stainless steel. The huge majority of FeCr produced is charge chrome from South Africa. With high carbon being the largest segment followed by the smaller sectors of low carbon and intermediate carbon material.

Stainless steel is dominating the global ferrochrome market. The use of chromium-grade and chromium manganese-grade stainless steel in the construction and transportation industries is anticipated to have a huge positive impact on the ferrochrome market.
Global Ferrochrome Market Regional analysis:

Region-wise, the Asia Pacific region is presently the largest ferrochrome consumer, followed by Europe and North America, owing to the fact that the Asia Pacific accounts for more than 70% of the global stainless steel production. The growing demand for stainless steel from the construction, transportation, and metallurgical industries in the Asia Pacific will be the main driver of the ferrochrome market growth over the upcoming year.
Global Ferrochrome Market, Key Highlights:

• Global Ferrochrome Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Ferrochrome Market

• Global Ferrochrome Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Ferrochrome Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Ferrochrome Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Ferrochrome Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Ferrochrome Market: Inquire before buying

Global Ferrochrome Market, by Product

• Charge chrome and high carbon
• Low carbon
• Medium carbon
Global Ferrochrome Market, by End-user

• Stainless steel
• Carbon and other alloy steel
• Others
Global Ferrochrome Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America
Global Ferrochrome Market Key Player

• Afarak
• ENRC
• GLENCORE
• Tata Steel
• Samancor
• Hernic Ferrochrome
• Fondel Corporation
• Tharisa
• Westbrook Resources
• ICT Group
• Sinosteel
• Rohit Ferro Tech
• Tennant Metallurgical Group
• Ferro Alloys Corporation
• ZIMASCO
• ZimAlloys
• Maranatha Ferrochrome
• Oliken Ferroalloys
• Vargon Alloys
• Indsil
• Harsco

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