Ferrochromium Market

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 marke

• 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
• Technology
• Value Chain
• Ferrochromium Market Drivers and Restraints

• North America
• Latin America
• Europe
• Asia Pacific & Japan
• The Middle East and Africa

• 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