Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022

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Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022
Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
Persistence Market Research
Ferrochromium Market : Global Industry
Analysis and Forecast 2016 - 2022
Persistence Market Research
1
Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
Persistence Market Research Released New Market Report on “Ferrochromium Market :
Global Industry Analysis and Forecast 2016 - 2022”.
Ferrochromium, also known as Ferrochrome, is an alloy of iron and chromium containing 50 to
70% of chromium. It is produced by electric arc melting of chromium ore and chromite.
Ferrochromium is consumed extensively in the manufacturing of steel to achieve the qualities
such as corrosion resistance, tensile strength, heat resistance and yield strength. The global
ferrochromium market is anticipated to be in deficit to cater the increasing global steel market in
near future. Ferrochromium is mostly produced in India, China, South Africa and Kazakhstan
because of large chromite resources found in these countries. The global ferrochromium market
is witnessing a modest single digit CAGR growth up till now and is expected to continue in
future.
Ferrochromium is having its maximum share of consumption in steel industry and due to the
ever increasing construction and demand of steel the global ferrochromium market is forecasted
to flourish. In order to get a continuous supply of raw material for ferrochrome, China has
established its operations in the countries like Turkey, South Africa, Philippines and Zimbabwe
which would boost the global ferrochromium market in future. Due to the favourable conditions
like lower electricity price and lower labour cost in upcoming markets like China, the production
cost reduces comparatively. This will boost the production of ferrochrome to suffice its
increasing demand and will contribute in global ferrochromium market.
The global ferrochromium market can get hampered because of the increase in the export tax
and fixed export quotas imposed by South Africa on chrome ore, owing to the concern of losing
ferrochromium market to China. South Africa is having a significant market share in global
ferrochromium market but there are concerns of power supply and higher production cost which
would lead to the closure of small competitors and is estimated to slowdown the global
ferrochromium market.
Persistence Market Research
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Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
Based on the carbon percentage, the global ferrochromium market is segmented as •
Extra low carbon ferrochromium powder
•
Low carbon ferrochromium powder
•
High carbon ferrochromium powder
•
Extra high carbon ferrochromium powder
Interested in report: Please follow the below links to meet your requirements;
Request for the Report Brochure: http://www.persistencemarketresearch.com/samples/10046
Based in the available form, the global ferrochromium market is segmented as –
•
Ferrochromium slag
•
Ferrochromium powder
Request TOC (table of content), Figures and Tables of the Report:
http://www.persistencemarketresearch.com/toc/10046
Based on the application, the global ferrochromium market is segmented as –
•
Ball bearing steels
•
Acid resistant steels
•
Cast irons
•
Powder metallurgy
•
Others (civil engineering, refractory materials)
Persistence Market Research
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Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
The global ferrochromium market can be divided into five regions, namely North America, Latin
America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is having the maximum
market share in global ferrochromium market, China and India are the countries having an
excellent steel market, so these countries are significant in the consumption of ferrochrome.
China is expanding its capacity to import chrome ore for the production of ferrochrome from the
countries like South Africa, Turkey, Zimbabwe. Middle East and Africa are also marking a
significant growth in the global ferrochromium market, Especially South Africa is having plenty of
chromite resources for the production of ferrochrome. Europe is an emerging market in the field
of ferrochrome and is anticipated to have a considerable market in future due to the flourishing
automobile sector in the region. North America and Latin America is at a nascent stage in the
global ferrochromium market.
For more info: http://www.persistencemarketresearch.com/contact-us.asp
Some of the key players in global ferrochromium market are, Nava Bharat Ventures Limited,
VISA STEEL, Balasore Alloys Limited, Aarti Steels Ltd, SR Group, Vyankatesh Metals & Alloys
Pvt. Ltd
The report covers exhaustive analysis on:
•
Ferrochromium Market Segments
•
Ferrochromium Market Dynamics
•
Historical Actual Market Size, 2012 - 2014
•
Ferrochromium Market Size & Forecast 2015 to 2025
•
Supply & Demand Value Chain
•
Ferrochromium Market Current Trends/Issues/Challenges
•
Competition & Companies involved
Persistence Market Research
4
Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
•
Technology
•
Value Chain
•
Ferrochromium Market Drivers and Restraints
Follow us on: https://www.linkedin.com/company/persistence-market-research-&-consulting
Regional analysis for Ferrochromium Market includes
•
North America
•
Latin America
•
Europe
•
Asia Pacific & Japan
•
The Middle East and Africa
Report Highlights:
•
Shifting Industry dynamics
•
In-depth market segmentation
•
Historical, current and projected industry size Recent industry trends
•
Key Competition landscape
•
Strategies of key players and product offerings
•
Potential and niche segments/regions exhibiting promising growth
•
A neutral perspective towards market performance
Persistence Market Research
5
Ferrochromium Market : Global Industry Analysis and
Forecast 2016 - 2022
About Us:
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in
syndicated research, custom research, and consulting services. PMR boasts market research
expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and
Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping
and Transportation industries. The company draws from its multi-disciplinary capabilities and
high-pedigree team of analysts to share data that precisely corresponds to clients’ business
needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions.
From ready-to-purchase market research reports to customized research solutions, PMR’s
engagement models are highly flexible without compromising on its deep-seated research
values.
Contact Us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007,
United States.
Phone: +1-646-568-7751
USA/Canada Toll Free Number: +1-800-961-0353
E-mail: [email protected]
Web : http://www.persistencemarketresearch.com
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