Ferroalloys Market Share

APAC Market Statistics

The market in the Asia Pacific, amongst the market in all the other regions, is expected to have the biggest market share by the end of 2037. The largest market share for ferroalloys was created in the Asia Pacific region, and this region is anticipated to continue growing in the coming years. The market share for ferroalloys in this area is developing as a result of rising consumer discretionary money and a thriving local building sector. This is explained by the existence of China and India, the two nations that produce the most steel worldwide. According to the World Steel Association, China is recognized as the greatest steel manufacturer in June 2021 with an increase of 6.6 percent from 860 MT to 900 Mn Tonnes (MT) of steel. China is believed to be the core of the global steel supply with a production rate of 51.3% in 2018. Additionally, it is anticipated that the market demand for ferroalloys will increase owing to fast industrialization, significant expenditures by the Indian government and large corporations in growth, and the creation of a smart India.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ferroalloys is assessed at USD 109.18 billion.

The ferroalloys market size was over USD 104.74 billion in 2024 and is poised to reach USD 204.16 billion by the end of 2037, witnessing around 5.4% CAGR during the forecast period i.e., between 2025-2037. Steady demand for steel and cast iron, along with growth in the construction and automobile sector will impel the market growth.

Asia Pacific is expected to have largest industry share by 2037, as a result of rising consumer discretionary money and a thriving local building sector.

The major players in the market include Elkem ASA, Feng Erda Group, DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Russian Ferro-Alloys Inc.

Ferroalloys Market Share