市場調查報告書
商品編碼
1521174
2024-2032年按類型(霧化矽鐵、研磨矽鐵)、應用(脫氧劑、接種劑)、最終用戶(碳鋼和其他合金鋼、不銹鋼、電工鋼、鑄鐵等)和地區分類的矽鐵市場報告Ferrosilicon Market Report by Type (Atomized Ferrosilicon, Milled Ferrosilicon), Application (Deoxidizer, Inoculant, and Others), End User (Carbon and Other Alloy Steel, Stainless Steel, Electric Steel, Cast Iron, and Others), and Region 2024-2032 |
IMARC Group年全球矽鐵市場規模達123億美元。各行業對鋼鐵及其衍生性商品的需求不斷成長、擴大採用半導體來生產多種電子設備以及基礎設施開發項目數量的增加是推動市場的一些主要因素。
矽鐵是一種主要由鐵和矽組成的合金,這些元素的濃度會根據具體應用而變化。它可以降低熔融金屬中的氧含量,在最大限度地減少雜質和實現所需的材料特性方面發揮著至關重要的作用。它透過提高鋼鐵的強度、耐用性和耐熱性來幫助增強鋼鐵的性能。由於它在冶金工業中廣泛用作鋼鐵生產中的脫氧劑和合金劑,全球對矽鐵的需求不斷增加。
目前,全球大眾擴大採用電動車(EV),這正在加強市場的成長。除此之外,汽車產業對輕質和高強度材料的需求不斷成長,以提高汽車性能,這提供了積極的市場前景。此外,擴大採用耐用且耐腐蝕的材料來製造風力渦輪機零件和太陽能電池板,這也促進了市場的成長。此外,為航空航太工業製造特種合金的需求不斷成長,也促進了市場的成長。除此之外,對高效建築材料日益成長的需求為行業投資者提供了利潤豐厚的成長機會。此外,為了減少環境中的碳足跡而不斷開發的環保材料正在推動市場的成長。
對鋼鐵及其衍生性商品的需求不斷成長
建築、基礎設施和汽車產業對鋼鐵及其衍生性商品的需求不斷成長,推動了市場的成長。與此一致的是,矽鐵是鋼鐵生產中的關鍵合金劑,可提高材料的強度、耐用性和耐熱性。除此之外,汽車產業擴大採用這種合金來提高車輛的性能,這也促進了市場的成長。另一方面,它在世界各地被廣泛用於建築目的。此外,矽鐵的需求也在增加,因為它是鋼鐵製造過程中的關鍵組成部分。
半導體的採用不斷增加
矽鐵在高品質矽的生產中發揮著至關重要的作用,而高品質矽是半導體製造中使用的基本材料。半導體可以在某些條件下導電,這對於現代技術進步至關重要。此外,它們也廣泛應用於電子、電信、汽車和醫療保健產業。除此之外,智慧型手機、電腦和物聯網(IoT)設備等電子設備的日益普及也促進了市場的成長。此外,半導體還支援這些設備中的資料處理和儲存、通訊和自動化等功能。半導體製造領域的持續創新(例如小型化)帶來了積極的市場前景。
基礎設施開發項目數量不斷增加
建築活動和基礎設施開發項目數量的增加正在支持市場的成長。與此一致的是,由於快速城市化,新興經濟體的基礎設施開發項目不斷增加。對智慧城市發展的日益關注正在促進市場的成長。除此之外,各國管理機構正在投資建造現代化交通網路、能源設施和商業空間,對市場產生了正面影響。這些發展需要全世界大量的鋼鐵。此外,人們越來越關注增強互聯互通、減少交通流量、提高能源效率和提高生活品質。
The global ferrosilicon market size reached US$ 12.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.0 Billion by 2032, exhibiting a growth rate (CAGR) of 2.19% during 2024-2032. The growing demand for steel and derivatives in various industries, rising adoption of semiconductors for producing several electronic devices, and increasing number of infrastructure development projects are some of the major factors propelling the market.
Ferrosilicon is an alloy that is primarily composed of iron and silicon, with varying concentrations of these elements depending on the specific application. It can reduce the oxygen content in molten metal and plays a crucial role in minimizing impurities and achieving desired material characteristics. It assists in enhancing the properties of iron and steel by improving their strength, durability, and heat resistance. As it is widely utilized in the metallurgical industry as a deoxidizer and alloying agent in the production of iron and steel, the demand for ferrosilicon is increasing worldwide.
At present, the rising adoption of electric vehicles (EVs) among the masses across the globe is strengthening the market growth. Besides this, the growing demand for lightweight and high-strength materials for improved performance in the automotive industry is offering a positive market outlook. In addition, the increasing adoption of durable and corrosion-resistant materials for manufacturing wind turbine components and solar panels is bolstering the growth of the market. Moreover, the rising demand to create specialty alloys for the aerospace industry is contributing to the growth of the market. Apart from this, the increasing need for efficient construction materials is offering lucrative growth opportunities to industry investors. Furthermore, the rising development of eco-friendly materials to reduce carbon footprint in the environment is propelling the growth of the market.
Rising demand for steel and derivatives
The rising demand for steel and its derivatives in the construction, infrastructure, and automotive industries is contributing to the growth of the market. In line with this, ferrosilicon is a key alloying agent in steel production that enhances the strength, durability, and resistance to the heat of the material. Besides this, the rising adoption of this alloy in the automotive sector to enhance the performance of vehicles is bolstering the growth of the market. On the other hand, it is widely utilized for construction purposes around the world. Furthermore, there is an increase in the demand for ferrosilicon, as it is a key component in the steel manufacturing process.
Increasing adoption of semiconductors
Ferrosilicon plays a crucial role in the production of high-quality silicon, which is a fundamental material used in semiconductor manufacturing. Semiconductors can conduct electricity under certain conditions that are essential in modern technological advancements. In addition, they are widely utilized in electronics, telecommunications, automotive, and healthcare industries. Apart from this, the rising adoption of electronic devices, such as smartphones, computers, and the Internet of Things (IoT) devices, is contributing to the growth of the market. Furthermore, semiconductors enable functionalities ranging from data processing and storage to communication and automation in these devices. Continuous innovations in semiconductor manufacturing, such as miniaturization, are offering a positive market outlook.
Growing number of infrastructure development projects
The rising number of construction activities and infrastructure development projects is supporting the growth of the market. In line with this, emerging economies are witnessing a rise in infrastructure development projects due to rapid urbanization. The growing focus on smart city development is contributing to the growth of the market. Besides this, governing agencies of various countries are investing in building modern transportation networks, energy facilities, and commercial spaces, which is positively influencing the market. These developments require huge amounts of steel around the world. Furthermore, there is a rise in the focus on enhanced connectivity, reduced transportation traffic, increased energy efficiency, and better quality of life.
IMARC Group provides an analysis of the key trends in each segment of the global ferrosilicon market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, application and end user.
Atomized Ferrosilicon
Milled Ferrosilicon
The report has provided a detailed breakup and analysis of the market based on the type. This includes atomized ferrosilicon and milled ferrosilicon.
Atomized ferrosilicon is produced through a process that involves rapidly cooling molten ferrosilicon by spraying it with water or another cooling medium. This results in the formation of fine, spherical particles. It is known for its uniform composition, size, and shape, which makes it highly desirable in various applications. It is particularly utilized to produce dense media separation for mineral processing and heavy media separation in the coal industry. It has consistent particle size distribution, which makes it suitable for use in welding consumables and as a raw material in the manufacturing of certain alloys.
Milled ferrosilicon is produced by crushing and grinding these larger alloy pieces into smaller, granular particles. It is generally utilized in applications where precise control over particle size distribution is not critical. Besides this, it is commonly used as a medium in dense media separation processes, especially in diamond processing and mining operations. It is also employed in steelmaking to control the chemical composition of the molten metal, as its particle size distribution can impact alloy dissolution rates.
Deoxidizer
Inoculant
Others
Deoxidizer accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes deoxidizer, inoculant, and others. According to the report, deoxidizer represented the largest segment.
Deoxidizer plays an essential role in the production of high-quality steels, where precise control over the composition and characteristics of the steel is essential. In line with this, various industries, such as automotive, construction, and aerospace, rely on deoxidized steel to meet stringent performance and safety requirements. Apart from this, it can effectively remove oxygen from molten metal positions and is used as a critical component for the production of superior-grade steel materials.
Carbon and Other Alloy Steel
Stainless Steel
Electric Steel
Cast Iron
Others
Carbon and other alloy steel the market share
The report has provided a detailed breakup and analysis of the market based on the end user. This includes carbon and other alloy steel, stainless steel, electric steel, cast iron, and others. According to the report, carbon and other alloy steel represented the largest segment. In carbon and other alloy steel, it plays a vital role as an alloying agent that imparts desirable properties to the steel. It offers enhanced strength and durability when added to carbon steel during its production. In addition, it assists in improving its mechanical properties and resistance to wear and corrosion. Furthermore, in the production of other alloy steels, it is combined with other elements, such as manganese, chromium, and nickel, to develop specialized alloy steels tailored for specific applications.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest ferrosilicon market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest market share as it is one of the largest steel-producing regions. In line with this, the rising number of vehicles in the region is bolstering the growth of the market. Apart from this, the increasing adoption of ferrosilicon in the electronic industry is contributing to the growth of the market. In addition, technological advancements in the metallurgy sector are supporting the growth of the market in the Asia Pacific region.
Major players are investing in research and development (R&D) activities to enhance the quality and performance of these products. They are exploring innovative production techniques, refining alloy compositions, and developing specialized grades to cater to specific industry needs. In addition, companies are adopting advanced technologies, such as automation, data analytics, and process optimization, in manufacturing processes to improve production efficiency, reduce energy consumption, and minimize environmental impact. Besides this, they are offering tailored solutions to cater to the specific requirements of different industries. Moreover, they are developing customized alloy compositions and particle sizes to meet diverse customer demands. Furthermore, key players are ensuring consistent quality and implementing stringent quality control measures throughout the production process to meet industry standards.
China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
DMS Powders
Eurasian Resources Group
Ferroglobe PLC
Finnfjord AS
Hindustan Alloys Private Limited
Indian Metals & Ferro Alloys Limited
Maithan Alloys Limited
Mechel PAO
OM Holdings Ltd.
Westbrook Resources Ltd.
In July 2022, Ferroglobe PLC, one of the world's leading producers of silicon metal and silicon and manganese-based ferroalloys, entered a new phase in its silicon metal powder project for batteries and other advanced technologies, reaching a high purity production (up to 99.995%), in micrometer and sub-micrometer size.
In April 2020, Mechel PAO, one of the leading Russian mining and metals companies, launched an upgraded furnace at Bratsk Ferroalloy Plant. The upgrade boosted the ferroalloy ore-smelting furnace's capacity from 25 MVA to 33 MVA.
In July 2022, OM Holdings smelting plant in Sarawak's Samalaju Industrial Park has recorded higher production volume in Q2 for ferrosilicon, manganese alloys, and manganese sinter ore.