Market Size of FerroSilicon Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ferrosilicon Market Analysis
The market for ferrosilicon is expected to grow at a CAGR of less than 3% globally during the forecast period.
COVID-19 moderately impacted the global ferrosilicon market due to the raw materials shortage. However, rising semiconductor sectors across the globe have accelerated the consumption of ferrosilicon.
- Increasing applications for corrosion resistance and growing demand from steel production industries are driving market growth.
- Replacement by other substitutes factor is expected to hinder the market growth.
- Increasing demand from the construction and automotive industries is projected to offer new growth opportunities to industry growth during the forecast period.
- Asia-Pacific dominated the global market with the rising application of ferrosilicon in China and India, mainly in the metallurgy and semiconductor industry.
