Marché mondial du ferrochrome – Tendances et prévisions de l’industrie jusqu’en 2029

Analyse et taille du marché du ferrochrome

Le ferrochrome est un alliage ferreux à haute teneur en manganèse. Il confère de la résistance à l'acier et est utilisé dans la fabrication d'acier à haute résistance. Le ferromanganèse à faible teneur en carbone est largement utilisé dans la fabrication d'aciers alliés, d'aciers à outils et d'aciers de construction. Le « ferrochrome à haute teneur en carbone » est le segment de type qui connaît la croissance la plus rapide en raison de son coût inférieur et de la disponibilité de réserves plus importantes que les autres produits. Par conséquent, ce ferrochrome à haute teneur en carbone est principalement consommé par les fabricants d'acier inoxydable.

Français Data Bridge Market Research analyse que le marché du ferrochrome était évalué à 19,47 milliards USD en 2021 et devrait atteindre 28,99 milliards USD d'ici 2029, enregistrant un TCAC de 5,10 % au cours de la période de prévision de 2022 à 2029. En plus des informations sur les scénarios de marché tels que la valeur marchande, le taux de croissance, la segmentation, la couverture géographique et les principaux acteurs, les rapports de marché organisés par Data Bridge Market Research comprennent également une analyse approfondie des experts, une production et une capacité géographiquement représentées par l'entreprise, des configurations de réseau de distributeurs et de partenaires, une analyse détaillée et mise à jour des tendances des prix et une analyse des déficits de la chaîne d'approvisionnement et de la demande.

Portée et segmentation du marché du ferrochrome

Définition du marché

Ferrochromium (FeCr) is a type of ferroalloy which is an alloy between iron and chromium. Ferrochromium commonly containing 50% to 70% chromium. It is used to produce special steel, stainless steel and castings. A ferrochrome manufacturing process is generally conducted by carbothermic reduction of chromite in an electric submerged arc furnace (SAF).

Global Ferrochrome Market Dynamics

Drivers

• High usage of ferrochrome in stainless steel industry

Ferrochrome is added to stainless steel to impart corrosion resistance and improve its appearance. Stainless steel is dominating the growth of the global ferrochrome market. The chromium manganese grade and chromium-grade stainless steel are widely used in the transportation and construction industries which is anticipated to have a huge positive impact on the growth of the ferrochrome market. Thus, the rising demand for stainless steel from the transportation, construction, and metallurgical industries is projected to the major driving factor for the ferrochrome market growth during the forecast period.

• Rising demand of ferrochrome construction and building industry

The construction and building sector is growing due to urbanization, rapid industrialization and population explosion. Construction activities are on the growth and ferrochrome is widely used as an engineering alloy for brick manufacturing, pavement construction and as an aggregate material in the concrete industry.  It is also used as a part of cement for the construction of roads. Thus, the growing construction and building sector is projected to propel the ferrochrome's demand and boost the market's growth during the forecast period of 2022-2029.

Opportunities

• Growing investments and manufacturing activities

Rising foreign investments and increasing manufacturing activities are some of the major factors which will increase the demand for the stainless steel and create lucrative opportunities for the growth of the ferrochrome market across the globe. Foreign investments help to increase the growth of manufacturing industries such as consumer goods, construction, heavy machinery and automotive. For instance, according to the United Nations Conference on Trade and Development report, in 2017, the inward foreign direct investment (FDI) rate for Asia was 9.1%, which was the highest of all regions.

Restraints/ Challenges

• Availability of substitutes

The carbon fiber substituting stainless steel in the automotive industry and a large amount of electricity required during the production of ferrochrome are some  major factors among others which will act as restraints, and further challenge the growth of ferrochrome market during the above  mentioned forecast period.

This ferrochrome market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ferrochrome market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Ferrochrome Market

Most industries across the globe have been negatively impacted over the last period. This can be attributed to significant disruptions experienced by manufacturing and supply-chain operations as a result of lockdowns, along with other restrictions imposed by governing authorities worldwide. This also applies to the global ferrochrome market. Furthermore, customer demand has also reduced as individuals are due to removing non-essential expenses from their respective budgets as the overall economic status of most individuals have been harshly affected by covid outbreak. These elements are anticipated to burden the revenue trajectory of the global ferrochrome market over the forecast period. However, as respective initiate to lift from these imposed lockdowns, the global ferrochrome market is expected to recover accordingly.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Ferrochrome Market Scope

The ferrochrome market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• High Carbon
• Medium Carbon
• Low Carbon
• Ferro Silico Chrome

 Application

• Stainless Steel
• Cast Iron
• Powder Metallurgy
• Others

Ferrochrome Market Regional Analysis/Insights

The ferrochrome market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the ferrochrome market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the ferrochrome market in terms of market share and revenue. This is due to growing production of stainless steel in this region. In fact, as per the estimates of ISSF, Asia manufactured approximately 68% of stainless steel in 2018, with China being the leading manufacturer of stainless with a 52.6% share of global production.

North America is expected to be the fastest developing region during the forecast period of 2022-2029 due to presence of large number of auto component manufacturers and automakers in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ferrochrome Market Share Analysis

The ferrochrome market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ferrochrome market.

Certains des principaux acteurs opérant sur le marché du ferrochrome sont :

• NACHI-FUJIKOSHI CORP. (Japon)
• Acier Daido (Japon)
• voestalpine High Performance Metals India Pvt. Ltd. (Autriche)
• Sandvik AB (Suède)
• Kennametal Inc. (États-Unis)
• ERASTEEL (France)
• ArcelorMittal (Luxembourg)
• Baosteel Group Corporation (Chine)
• POSCO (Corée du Sud)
• Nippon Steel et Sumitomo Metal Corporation (Japon)
• JFE Holdings, Inc. (Japon)
• TATA Steel Ltd. (Inde)
• Acier des États-Unis (États-Unis)
• Angang Steel Company Limited (Chine)
• Gerdau S/A (Brésil)
• Maanshan Iron and Steel Company Limited (Chine)     

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