Ferroalloys Market Regional Analysis:
APAC Market Insights
Asia Pacific region is likely to hold over 60.8% market share by 2035, driven by increasing consumer discretionary income, a booming local building sector, and large-scale steel production, particularly in China and India. 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.
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Frequently Asked Questions (FAQ)
In the year 2026, the industry size of ferroalloys is evaluated at USD 67.46 billion.
The global ferroalloys market size exceeded USD 63.41 billion in 2025 and is set to expand at a CAGR of around 7.1%, surpassing USD 125.91 billion revenue by 2035.
Asia Pacific ferroalloys market will dominate more than 60.8% share by 2035, driven by increasing consumer discretionary income, a booming local building sector, and large-scale steel production, particularly in China and India.
Key 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.
