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Global Ferrosilicon Market size was valued at USD 10.54 billion in 2023. The ferrosilicon industry is projected to grow from USD 10.84 billion in 2024 to USD 13.62 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.9% during the forecast period (2024 - 2032).<br><br>
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Ferrosilicon Market Ferrosilicon Market Size Worth USD 13.62 Billion by 2032 | CAGR: 2.9% Global Ferrosilicon Market Size, Share, Trends, Industry Analysis Report: Information By Type (Atomized Ferrosilicon, Milled Ferrosilicon), By Application, By End-Use, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024 - 2032
Ferrosilicon Market • Global Ferrosilicon Market size was valued at USD 10.54 billion in 2023. The ferrosilicon industry is projected to grow from USD 10.84 billion in 2024 to USD 13.62 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.9% during the forecast period (2024 - 2032). Request To Sample : https://www.polarismarketresearch.com/industry- analysis/ferrosilicon-market/request-for-sample
Ferrosilicon Market Key Market Players : • Anyang Jinfang Metallurgy Co., Ltd. • Anyang Yuneng Metallurgy Refractory Co., Ltd. • DMS Powders • Elkem ASA • Eurasian Resources Group • Ferroglobe • FINNFJORD AS • OM Holdings Ltd. • RFA International • SINOGU INDUSTRY CO., LTD
Ferrosilicon Market Ferrosilicon Market Report Highlights: • In the global FeSi market, the deoxidizer segment held the dominant revenue share in 2023 due to its extensive use in eliminating oxygen from molten steel to enhance the quality of the resulting steel product. • The demand for high-quality cast iron in industries such as automotive, construction, mining, and defense is expected to drive significant growth in the cast iron segment of the ferrosilicon industry over the forecast period. • The North America ferrosilicon market held the highest revenue share due to the presence of a well-established steel industry that boasts advanced production capabilities and technological innovations in steel manufacturing. • The Japan ferrosilicon market is poised for substantial growth due to the increasing demand for steel across various sectors such as construction, shipbuilding, industrial machinery, electrical machinery, and others. • The global key market players are Anyang Jinfang Metallurgy Co.,Ltd, Anyang Yuneng Metallurgy Refractory Co., Ltd., DMS Powders, Elkem ASA, Eurasian Resources Group, Ferroglobe, FINNFJORD AS, OM Holdings Ltd., RFA International, and SINOGU INDUSTRY CO., LTD.
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