COVID-19:FERROALLOYS MARKET TO REACH USD 75.4 BILLION BY 2027 | CAGR 5.1% — FORENCIS RESEARCH

  • According to the new market research report “Ferroalloys Market by Product (Ferrochrome (FeCr), Ferro Silicomanganese (FeSiMn), Ferromanganese, Ferrosilicon, Others), by Application (Stainless Steel, Carbon & Low Alloy Steel, Alloy Steel, Cast Iron, Others)by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global ferroalloys market is estimated to reach USD 75.4 Billion by 2027 at a CAGR of around 5.1% during the review period.
  • Ferroalloy refers to various alloys of iron with high proportion of one or more different elements such as aluminum, silicon, and manganese
  • It has superior properties such as high tensile strength and excellent durability owing to which it is gaining popularity in various industries such as aerospace & defense, construction, and automotive
  • Ferronickel and Ferromanganese are types of ferroalloy which are used in manufacturing sectors to produce low carbon steel, jaw of rock crusher, and high speed cutting tools.
  • Growing prosperity of the building & construction industry in emerging economies has expected to drive the growth of ferroalloy market
  • Blooming constructions industry in emerging nations has expected to drive the growth of ferroalloy market during forecasted period
  • Higher cost incurred for production of ferroalloy has expected to hinder the growth of the product market
  • Europe
  • Asia-Pacific
  • Vedanta limited:
  • Ferroglobe:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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