Transparency Market
Research
Global Ferroalloy Market - Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 – 2020
Published Date
2014-07-29
72 Page Report
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Press Release
Global Ferroalloy Market is Expected to Reach USD 53.56 Billion
in 2020
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Global Ferroalloy Market
REPORT DESCRIPTION
Transparency Market Research has released a new report, According to the report, the global ferroalloy market was
valued at USD 37.25 billion in 2013 and is anticipated to reach USD 53.56 billion in 2020, expanding at a CAGR of 5.4%
between 2014 and 2020.
Ferroalloy is one of the major raw materials used in the manufacture of steel. Ferroalloys impart distinctive qualities to
steel and cast iron. Ferroalloy is widely used as deoxidizing, desulfurizing and reinforcing agents. This helps in the
removal of sulfur, phosphorus and oxygen impurities that are present in iron ores and this iron ores are used in the
manufacture of steel. Thus, growth in the steel industry is estimated to boost the overall ferroalloy market. Furthermore,
growth in the construction industry, especially in BRICS countries, is likely to increase the demand for steel. This, in turn,
is projected to drive the overall growth of the ferroalloy market. However, high operational cost coupled with stringent
environmental regulations is expected to hamper growth of the ferroalloy market in the near future. Development of
lightweight, high tensile strength steel is anticipated to boost demand for steel, especially in the automobile industry. This
is further estimated to augment growth of the ferroalloy market.
Browse the ful Ferroalloy Market report at
http://www.transparencymarketresearch.com/ferroalloy-market.html
Ferromanganese is one of the ferroalloy...