North America Ferrosilicon Market Synopsis

North America Ferrosilicon Market Size Was Valued at USD 2398.5 Million in 2022, and is Projected to Reach USD 2,922.34 Million by 2030, Growing at a CAGR of 2.50% From 2023-2030.

Ferrosilicon is made by reducing silica or sand with coke in the presence of iron. Typical sources of iron are scrap metal or rolled steel. Ferrosilicon with up to about 15% silicon is produced in blast furnaces lined with acid-refractory bricks.

  • There are generally two types of ferrosilicon such as sputtered ferrosilicon and powdered ferrosilicon. Ferrosilicon is used in many industries such as carbon and other alloy steel, stainless steel, electronic steel, cast iron, and magnesium. An increase in demand for steel and metal alloys and growth in the automotive and construction industries are driving the Ferrosilicon market.
  •  Governments have implemented several initiatives to increase the use of steel in various industries and reduce carbon footprints. The steel industry is the most important downstream user of domestic iron ore. Ferrosilicon is mainly used in the production of steel in steel mills. Corrosion and wear resistance, high specific gravity, high strength, high magnetism and hardness, and high-temperature resistance are the advantages of Ferrosilicon. Therefore, several companies invest in the production of Ferrosilicon.
  • Increasing environmental problems are causing the governments of several countries to focus on the use of Ferrosilicon. Several international organizations are funding developing countries to increase the use of ferrosilicon. During the forecast period, the market will grow with the growth of solar energy and the electric vehicle (EV) trend.
  • However, the increasing growth of the market prevented the emergence of a new coronavirus in 2020. The pandemic has limited all industrial activity, which has had a major impact on demand and production worldwide. Ferrosilicon production was seriously affected in the first half of 2020, as the movement of raw materials was affected by restrictions in various countries.

North America Ferrosilicon Market Trend Analysis

Increasing Use of Ferrosilicon in The Production of Steel and Metal Alloys

  • Since silicon and oxygen have a very strong chemical reactivity with each other, this makes ferrosilicon an effective antioxidant used in the steelmaking process. Growing silicon production is expected to boost the ferrosilicon market during the forecast period. According to the US Geological Survey, total silicon production increased from 277 in 2020 to 310 in 2021. The growing use of ferrosilicon in the production of steel and metal alloys is driving the ferrosilicon market.
  • Additionally, the use of ferrosilicon to improve the corrosion resistance, hardness, and tensile strength of steel and the huge demand for steel in the automotive, construction, and manufacturing industries are driving the growth of the ferrosilicon market. Renewable energy demand and increased investment in the steel industry will support the Ferrosilicon market in the upcoming years.

Increasing Demand for Steel in Different End-User Industries Create an Opportunity North America Ferrosilicon Market

  • The demand for steel is high in various industries such as automotive, construction, and industrial. The use of iron in steelmaking improves the physical, chemical, and mechanical properties of steel. It also improves the quality of steel and its castings. Ferrosilicon products are important raw materials for steel and other metallurgical industries. They play a central role in modern economic development. The steel industry, foundries, and the ferroalloy industry are important markets for ferrosilicon. They account for more than 90% of the total annual demand for ferrous metals and it creates a growth opportunity for the market.
  • Electrical steel, often called silicon steel, contains significant amounts of iron silicon and silicon to improve electrical properties such as resistivity. It is estimated that the demand for iron will increase as the demand for electrical steel increases in the construction of motors, transformers, and other power generation equipment. In electronic steel, ferrous metal chips are used to make magnetic cores for electric motors. This helps improve engine efficiency and reduces battery capacity requirements. Such factors provide growth opportunities for the market.

North America Ferrosilicon Market Segment Analysis:

North America Ferrosilicon Market Segmented on the basis of type, application, and end-users.

By Type, Atomized Ferrosilicon segment is expected to dominate the market during the forecast period

  • In the North America Ferrosilicon market, the Atomized Ferrosilicon segment is anticipated to maintain dominance, exhibiting robust growth and influencing market dynamics significantly. Atomized Ferrosilicon refers to a finely divided form of ferrosilicon alloy produced through atomization techniques, resulting in a powder-like substance. This specific type offers distinct advantages, including enhanced chemical reactivity, improved absorption properties, and efficient dispersion in various applications.
  • The dominance of Atomized Ferrosilicon can be attributed to its widespread utilization across diverse industries, such as steel manufacturing, foundries, and welding applications. Its fine particle size and superior chemical properties make it a preferred choice for alloying and deoxidizing processes in the production of steel and other ferrous alloys. Additionally, the atomized form facilitates better control over the alloying process, leading to the production of high-quality materials.

By Application, Deoxidizer segment held the largest share of 57% in 2022

  • Deoxidized ferrosilicon is a type of silicon alloy that contains large amounts of iron oxide. In the production process, it acts as an agent that increases or decreases the temperatures necessary for certain types of steel. The main purpose of adding antioxidants to steels is to remove oxygen from the molten metal, as excess oxygen can cause defects and other problems in finished products. As silicon and oxygen have a very strong chemical reactivity with one another, it makes ferrosilicon a powerful deoxidizer that is utilized in the steel-making process.
  • The deoxidizing segment is excepted to grow during the forecast period. This is due to the increasing and continuous demand for steel globally in various industries and the use of ferrosilicon as an antioxidant in the steel industry. Steel is deoxidized with ferrosilicon in the last stage of production to increase the elasticity and strength of steel. To increase the elasticity and strength of the steel, the steel is deoxidized with iron ore in the last stage of production. Ferrosilicon is used as a deoxidizer and alloying agent in the steel-making process. Such factors increase the Deoxidizer segment growth.

 North America Ferrosilicon Market Regional Insights:

United States is Expected to Dominate the Market Over the Forecast period

  • The United States has a significant presence in the industry, with products widely used in key end-use industries including electronics, automotive, and construction. The increase in construction activity increases the demand for products. For example, in June 2021, President Joe Biden announced his support for a $1.2 trillion bipartisan infrastructure framework. The growth is due to increased demand for steel in the construction, automotive, aerospace, and defense industries. The North American construction industry is one of the leading sectors in the world and its share of the world's GDP is significant. Growth in the construction industry is a major driver of demand for North American products.
  • Moreover, Ferro-Silicon is in high demand in the United States due to its large steel and aluminum industries. Ferrosilicon is used as an antioxidant, alloying agent, and inoculant in the production of steel and aluminum, which are critical components in the construction, automotive, and aerospace industries. The United States has made significant technological advances in the production of Ferrosilicon. Improved production methods increased efficiency, reduced costs, and improved the quality of ferrosilicon. This has helped the United States maintain its competitive edge in global markets. Additionally, the US government has implemented policies to support the steel and aluminum industry, such as tax incentives and import duties on steel and aluminum products. These policies encouraged local ferrosilicon production and consumption, increasing the domestic market.
  • In 2022, the average price of ferrosilicon with 75% silicon content came to 350 U.S. cents per pound, and silicon metal prices averaged 400 U.S. cents per pound. Silicon alloys and metals are important in various industries. Ferrosilicon is commonly used in ferrous foundries and steel industries, whereas silicon metal is often used for aluminum, aluminum alloys, and the chemical industry. Silicon is also often used for semiconductors in solar panels, computer chips, and as a part of the automotive industry.

North America Ferrosilicon Market Top Key Players:

  • Globe Metallurgical Inc. (USA)
  • Elkem Metals USA, Inc. (USA)
  • Sims Metal USA, LLC (USA)
  • Alliance International Group, LLC (USA)
  • Ferroglobe PLC (USA)
  • Superior Graphite Co. (USA)
  • American Manganese Inc. (USA)
  • Electrode Alloys Inc. (USA)
  • Ferro-Alloy Technologies, Inc. (USA)
  • TimkenSteel Corp. (USA)
  • Silgrain Corporation (USA)
  • Crovell, Inc. (USA)
  • Pyrotek LLC (USA)
  • Metals International Inc. (USA)
  • Metal Enterprises Inc. (USA)
  • Glencore Canada Corporation (Canada)
  • Rio Tinto Fer & Titane Inc. (Canada)
  • Electrodes Canada Inc. (Canada)
  • Quebec Metallurgical Inc (Canada)
  • Sheridan Specialty Minerals Inc. (Canada)
  • Grupo Industrial Minera Mexico (Mexico)
  • Grupo Acerero del Norte, S.A. de C.V. (AHMSA) (Mexico)
  • Ternium México, S.A. de C.V. (Mexico)
  • Industrias CH, S.A. de C.V. (Mexico)
  • Imer Metal, S.A. de C.V (Mexico)

Key Industry Developments in the North America Ferrosilicon Market:

  • In May 2023, Elkem and environmental foundation Zero announced that they entered in partnership for industrial climate solution. Under the collaboration with Elkem, zero will contribute its knowledge within climate change and policy.
  • In October 2021, Elkem announced a strategic investment plan to unlock new specialty silicones supply for customers in Europe, the Middle East and Africa (EMEA) and the Americas. The company will invest around USD 4 million to upgrade and debottleneck its silicone upstream plant in Roussillon, France.

North America Ferrosilicon Market

Base Year:

2022

Forecast Period:

2023-2030

 

Historical Data:

2017 to 2022

Market Size in 2022:

USD 2398.5 Mn.

 

CAGR (2023-2030) :

2.50%

Market Size in 2030:

USD 2961 Mn.

 

Segments Covered:

By Type

  • Atomized Ferrosilicon
  • Milled Ferrosilicon

 

By Application

  • Inoculant
  • Deoxidizer

 

By End-user

  • Stainless Steel
  • Cast Iron
  • Electric Steel
  • Carbon

 

By Region

  • North America (U.S., Canada, Mexico)

 

Key Market Drivers:

  • Increasing the Use of Ferrosilicon in The Production of Steel and Metal Alloys

Key Market Restraints:

  • The Use of Aluminum as a Substitute for Steel

Key Opportunities:

  • Increasing Demand for Steel in Different End-User Industries

Companies Covered in the Report:

  • Globe Metallurgical Inc. (USA), Elkem Metals USA, Inc. (USA), Sims Metal USA, LLC (USA), Alliance International Group, LLC (USA), Ferroglobe PLC (USA), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. NORTH AMERICA FERROSILLICON MARKET BY TYPE (2016-2030)
    1. NORTH AMERICA FERROSILLICON MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. ATOMIZED FERROSILICON
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MILLED FERROSILICON
  7. NORTH AMERICA FERROSILLICON MARKET BY APPLICATION (2016-2030)
    1. NORTH AMERICA FERROSILLICON MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. INOCULANT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. DEOXIDIZER
  8. NORTH AMERICA FERROSILLICON MARKET BY END-USER (2016-2030)
    1. NORTH AMERICA FERROSILLICON MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. STAINLESS STEEL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CAST IRON
    5. ELECTRIC STEEL
    6. CARBON
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. NORTH AMERICA FERROSILLICON Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. GLOBE METALLURGICAL INC. (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. COMPANYBELKEM METALS USA, INC. (USA)
    4. SIMS METAL USA, LLC (USA)
    5. ALLIANCE INTERNATIONAL GROUP, LLC (USA)
    6. FERROGLOBE PLC (USA)
    7. SUPERIOR GRAPHITE CO. (USA)
    8. AMERICAN MANGANESE INC. (USA)
    9. ELECTRODE ALLOYS INC. (USA)
    10. FERRO-ALLOY TECHNOLOGIES, INC. (USA)
    11. TIMKENSTEEL CORP. (USA)
    12. SILGRAIN CORPORATION (USA)
    13. CROVELL, INC. (USA)
    14. PYROTEK LLC (USA)
    15. METALS INTERNATIONAL INC. (USA)
    16. METAL ENTERPRISES INC. (USA)
    17. GLENCORE CANADA CORPORATION (CANADA)
    18. RIO TINTO FER & TITANE INC. (CANADA)
    19. ELECTRODES CANADA INC. (CANADA)
    20. QUEBEC METALLURGICAL INC (CANADA)
    21. SHERIDAN SPECIALTY MINERALS INC. (CANADA)
  10. GLOBAL NORTH AMERICA FERROSILLICON MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By End-User
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

North America Ferrosilicon Market

Base Year:

2022

Forecast Period:

2023-2030

 

Historical Data:

2017 to 2022

Market Size in 2022:

USD 2398.5 Mn.

 

CAGR (2023-2030) :

2.50%

Market Size in 2030:

USD 2961 Mn.

 

Segments Covered:

By Type

  • Atomized Ferrosilicon
  • Milled Ferrosilicon

 

By Application

  • Inoculant
  • Deoxidizer

 

By End-user

  • Stainless Steel
  • Cast Iron
  • Electric Steel
  • Carbon

 

By Region

  • North America (U.S., Canada, Mexico)

 

Key Market Drivers:

  • Increasing the Use of Ferrosilicon in The Production of Steel and Metal Alloys

Key Market Restraints:

  • The Use of Aluminum as a Substitute for Steel

Key Opportunities:

  • Increasing Demand for Steel in Different End-User Industries

Companies Covered in the Report:

  • Globe Metallurgical Inc. (USA), Elkem Metals USA, Inc. (USA), Sims Metal USA, LLC (USA), Alliance International Group, LLC (USA), Ferroglobe PLC (USA), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. NORTH AMERICA FERROSILICON MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. NORTH AMERICA FERROSILICON MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. NORTH AMERICA FERROSILICON MARKET COMPETITIVE RIVALRY
TABLE 005. NORTH AMERICA FERROSILICON MARKET THREAT OF NEW ENTRANTS
TABLE 006. NORTH AMERICA FERROSILICON MARKET THREAT OF SUBSTITUTES
TABLE 007. NORTH AMERICA FERROSILICON MARKET BY TYPE
TABLE 008. ATOMIZED FERROSILICON MARKET OVERVIEW (2016-2028)
TABLE 009. MILLED FERROSILICON MARKET OVERVIEW (2016-2028)
TABLE 010. NORTH AMERICA FERROSILICON MARKET BY APPLICATION
TABLE 011. INOCULANT MARKET OVERVIEW (2016-2028)
TABLE 012. DEOXIDIZER MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA FERROSILICON MARKET BY END-USER
TABLE 014. STAINLESS STEEL MARKET OVERVIEW (2016-2028)
TABLE 015. CAST IRON MARKET OVERVIEW (2016-2028)
TABLE 016. ELECTRIC STEEL MARKET OVERVIEW (2016-2028)
TABLE 017. CARBON MARKET OVERVIEW (2016-2028)
TABLE 018. OTHER MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA FERROSILICON MARKET, BY TYPE (2016-2028)
TABLE 020. NORTH AMERICA FERROSILICON MARKET, BY APPLICATION (2016-2028)
TABLE 021. NORTH AMERICA FERROSILICON MARKET, BY END-USER (2016-2028)
TABLE 022. NORTH AMERICA FERROSILICON MARKET, BY COUNTRY (2016-2028)
TABLE 023. RUSSIAN FERRO-ALLOYS INC.: SNAPSHOT
TABLE 024. RUSSIAN FERRO-ALLOYS INC.: BUSINESS PERFORMANCE
TABLE 025. RUSSIAN FERRO-ALLOYS INC.: PRODUCT PORTFOLIO
TABLE 026. RUSSIAN FERRO-ALLOYS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 026. ELKEM AS: SNAPSHOT
TABLE 027. ELKEM AS: BUSINESS PERFORMANCE
TABLE 028. ELKEM AS: PRODUCT PORTFOLIO
TABLE 029. ELKEM AS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 029. GLOBE SPECIALTY METALS INC.: SNAPSHOT
TABLE 030. GLOBE SPECIALTY METALS INC.: BUSINESS PERFORMANCE
TABLE 031. GLOBE SPECIALTY METALS INC.: PRODUCT PORTFOLIO
TABLE 032. GLOBE SPECIALTY METALS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. FERROGLOBE PLC: SNAPSHOT
TABLE 033. FERROGLOBE PLC: BUSINESS PERFORMANCE
TABLE 034. FERROGLOBE PLC: PRODUCT PORTFOLIO
TABLE 035. FERROGLOBE PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. IMFA: SNAPSHOT
TABLE 036. IMFA: BUSINESS PERFORMANCE
TABLE 037. IMFA: PRODUCT PORTFOLIO
TABLE 038. IMFA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. WASHINGTON MILLS ELECTRO MINERALS CORP: SNAPSHOT
TABLE 039. WASHINGTON MILLS ELECTRO MINERALS CORP: BUSINESS PERFORMANCE
TABLE 040. WASHINGTON MILLS ELECTRO MINERALS CORP: PRODUCT PORTFOLIO
TABLE 041. WASHINGTON MILLS ELECTRO MINERALS CORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. THYSSENKRUPP MATERIALS TRADING GMBH: SNAPSHOT
TABLE 042. THYSSENKRUPP MATERIALS TRADING GMBH: BUSINESS PERFORMANCE
TABLE 043. THYSSENKRUPP MATERIALS TRADING GMBH: PRODUCT PORTFOLIO
TABLE 044. THYSSENKRUPP MATERIALS TRADING GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. MISSISSIPPI SILICON LLC: SNAPSHOT
TABLE 045. MISSISSIPPI SILICON LLC: BUSINESS PERFORMANCE
TABLE 046. MISSISSIPPI SILICON LLC: PRODUCT PORTFOLIO
TABLE 047. MISSISSIPPI SILICON LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 048. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 049. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 050. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. NORTH AMERICA FERROSILICON MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. NORTH AMERICA FERROSILICON MARKET OVERVIEW BY TYPE
FIGURE 012. ATOMIZED FERROSILICON MARKET OVERVIEW (2016-2028)
FIGURE 013. MILLED FERROSILICON MARKET OVERVIEW (2016-2028)
FIGURE 014. NORTH AMERICA FERROSILICON MARKET OVERVIEW BY APPLICATION
FIGURE 015. INOCULANT MARKET OVERVIEW (2016-2028)
FIGURE 016. DEOXIDIZER MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA FERROSILICON MARKET OVERVIEW BY END-USER
FIGURE 018. STAINLESS STEEL MARKET OVERVIEW (2016-2028)
FIGURE 019. CAST IRON MARKET OVERVIEW (2016-2028)
FIGURE 020. ELECTRIC STEEL MARKET OVERVIEW (2016-2028)
FIGURE 021. CARBON MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA FERROSILICON MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the North America Ferrosilicon Market research report?

The forecast period in the North America Ferrosilicon Market research report is 2023-2030.

Who are the key players in the North America Ferrosilicon Market?

Globe Metallurgical Inc. (USA), Elkem Metals USA, Inc. (USA), Sims Metal USA, LLC (USA), Alliance International Group, LLC (USA), Ferroglobe PLC (USA), Superior Graphite Co. (USA), American Manganese Inc. (USA), Electrode Alloys Inc. (USA), Ferro-Alloy Technologies, Inc. (USA), TimkenSteel Corp. (USA), Silgrain Corporation (USA), Crovell, Inc. (USA), Pyrotek LLC (USA), Metals International Inc. (USA), Metal Enterprises Inc. (USA), Glencore Canada Corporation (Canada), Rio Tinto Fer & Titane Inc. (Canada), Electrodes Canada Inc. (Canada), Quebec Metallurgical Inc (Canada), Sheridan Specialty Minerals Inc. (Canada), Grupo Industrial Minera Mexico (Mexico), Grupo Acerero del Norte, S.A. de C.V. (AHMSA) (Mexico), Ternium México, S.A. de C.V. (Mexico),I ndustrias CH, S.A. de C.V. (Mexico), Imer Metal, S.A. de C.V (Mexico) and Other Major Players.

What are the segments of the North America Ferrosilicon Market?

The Ferrosilicon Market is segmented into Type, Application, End-user, and region. By Type, the market is categorized into Atomized Ferrosilicon and Milled Ferrosilicon. By Application, the market is categorized into Inoculant and Deoxidizers. By End-user, the market is categorized into Stainless Steel, Cast Iron, Electric Steel, Carbon. By region, it is analyzed across North America (U.S.; Canada; Mexico).

What is the North America Ferrosilicon Market?

Ferrosilicon is made by reducing silica or sand with coke in the presence of iron. Typical sources of iron are scrap metal or rolled steel. Ferrosilicon with up to about 15% silicon is produced in blast furnaces lined with acid-refractory bricks. There are generally two types of ferrosilicon such as sputtered ferrosilicon and powdered ferrosilicon. Ferrosilicon is used in many industries such as carbon and other alloy steel, stainless steel, electronic steel, cast iron, and magnesium

How big is the North America Ferrosilicon Market?

North America Ferrosilicon Market Size Was Valued at USD 2398.5 Million in 2022, and is Projected to Reach USD 2,922.34 Million by 2030, Growing at a CAGR of 2.50% From 2023-2030.