Global Atomized Ferrosilicon Market growing at a CAGR of 4.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the atomized ferrosilicon market is predicted to grow at a compound annual growth rate of 4.3% from 2023 to 2030 and is expected to reach USD 80.53 million in 2030 which was valued at USD 57.59 million in 2022.
The report highlights the increasing demand for magnesium products, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the atomized ferrosilicon market.
Global Atomized Ferrosilicon Market By Overview
The atomized ferrosilicon market is bifurcated into type and application. Based on type the market is segmented into coarse atomized FeSi, fine atomized FeSi, and extra fine atomized FeSi. In 2022, the fine atomized FeSi segment dominate in the overall atomized ferrosilicon market. The application segment is categorized into metallurgy processing, diamond processing, semiconductor processing, mining, welding, and others. In 2022, the metallurgy processing segment accounted for the highest market share in the atomized ferrosilicon market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for magnesium products is benefiting the market growth
- Growth in the mining sector is boosting the growth of the market
Restraints:
- Decreasing steel production is restraining the market growth
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Coarse Atomized FeSi, Fine Atomized FeSi, and Extra Fine Atomized FeSi |
| By Application | Metallurgy Processing, Diamond Processing, Semiconductor Processing, Mining, Welding, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as DMS Powders, Sinoferro, Futong Industry, and Exxaro which has a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the atomized ferrosilicon market is expected to witness substantial growth in the coming years due to the growing investment in new building & construction projects in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- DMS Powders
- Sinoferro
- Futong Industry
- Exxaro
- M&M Alloys
- Imexsar
- Westbrook Resources Ltd.
- Reade International Corp.