Ferroalloys (Ferro Manganese) Market Research 2022: Top Key Players, Drivers, Challenges and Market Insights

Ferroalloys are alloys of iron which comprises multiple chemical elements coupled with molten metal and usually used in steelmaking. Ferroalloy industry is closely linked with iron and steel industry accounting for a large number of products for consumption. Manganese is essential to the production of all steel and is much important to the production of cast iron. Manganese thus neutralizes hazardous effect of sulfur and also an alloying element.  Driving factors responsible for the growth of ferroalloys (ferro manganese) market includes prosperity in building and construction industry in emerging economies. Also, the development of lightweight and demand for high strength steel adds to the growth of the market.

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Ferroalloys (Ferro Manganese) Market Key Manufacturers:

• CITIC Jinzhou Metal

• Yiwang Ferroalloy

• Erdos

• Tianjin Jinsheng

• Other

Based on segmentation by application, the ferroalloys (ferro manganese) market includes deoxidizer and alloying element additive. Based on segmentation by medium, the ferroalloys (ferro manganese) market includes high carbon, medium carbon and low carbon. Based on segmentation by type, the ferroalloys (ferro manganese) market includes bulk ferroalloys and noble ferroalloys. Bulk ferroalloys is further segmented into ferromanganese, ferrochromium, ferro-silico-manganese, ferro-silico-chromium Geographically, ferroalloys (ferro manganese) market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. Commercially, China, Ukraine, Kazakhstan, Norway were major producers of ferroalloys. Asia-Pacific market accounted for overall demand in ferroalloys market.

Europe market is also expected to gain a positive traction in the near future witnessing a moderate growth owing to slow pace of economy and recession. In comparison with major ferroalloy producing regions, North America witnesses a moderate CAGR growth in ferro manganese production. MEA regions are even expected to gain positive CAGR growth owing to rise in production of ferroalloys and rise in exports. 

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