市場調查報告書
商品編碼
1605308
鐵合金市場規模、佔有率、成長分析,按類型、按應用、按最終用途行業、按地區 - 行業預測,2024-2031 年Ferroalloys Market Size, Share, Growth Analysis, By Type (Bulk Alloys, Nobel Alloys), By Application (Stainless Steel, Cast Iron), By End Use Industry (Construction, Automotive), By Region - Industry Forecast 2024-2031 |
2022年全球鐵合金市場規模為503.5億美元,從2023年的539.2億美元成長到2031年的933.5億美元,在預測期內(2024-2031年)預計複合年成長率為7.1%。
鐵合金透過以實用且經濟的方式在熔融金屬中添加特定的合金元素,在提高鋼和合金的性能方面發揮重要作用。鐵合金對於鋼鐵生產至關重要,因其精製和強化鋼鐵應用的能力而越來越受到工業界的認可。各國政府和國際組織正在透過促進鐵合金的使用來應對日益成長的環境問題,特別是在開發中國家。一個著名的例子是埃肯金屬加拿大公司。該公司已從聯邦政府獲得 500 萬加元,並從魁北克政府獲得額外 1,195 萬加元,用於開發環保生物碳團塊來取代冶金煤。該舉措旨在顯著減少鑄造廠和鋼廠的環境足跡,並計劃透過用永續的團塊替代冶金煤,每年減少 10 萬噸二氧化碳當量。鐵合金的需求也受到其卓越的拉伸強度和耐用性的能力的推動,這使其對汽車和運輸行業的相關人員有吸引力。在後COVID-19情況下,產業相關人員正在努力與供應商和生態系統合作夥伴建立平衡的關係,以推動市場成長,從而導致各行業鐵合金應用和投資的強勁成長,這預示著未來。
Global Ferroalloys Market size was valued at USD 50.35 billion in 2022 and is poised to grow from USD 53.92 billion in 2023 to USD 93.35 billion by 2031, growing at a CAGR of 7.1% during the forecast period (2024-2031).
Ferroalloys play a critical role in enhancing the properties of steels and alloys through the practical and economical addition of specific alloying elements to molten metal. Essential for steel production, ferroalloys are increasingly recognized by the industrial sector for their capability to refine and strengthen steel applications. Governments and international organizations are responding to rising environmental concerns by promoting the usage of ferroalloys, particularly in developing nations; this support includes funding initiatives to facilitate their adoption. A noteworthy example is Elkem Metal Canada Inc., which secured CAD 5 million from the federal government and an additional CAD 11.95 million from the Quebec government to develop biocarbon briquettes-an eco-friendly alternative to metallurgical coal. This initiative aims to significantly reduce the environmental footprint of foundries and steelworks, with plans to cut 100,000 tonnes of CO2 equivalent annually by replacing metallurgical coal with sustainable bio-briquettes. The demand for ferroalloys is also being driven by their ability to deliver superior tensile strength and durability, making them attractive to stakeholders in the automotive and transportation sectors. In the post-COVID-19 landscape, industry players are striving to establish balanced relationships with suppliers and ecosystem partners to stimulate market growth, indicating a robust future for ferroalloy applications and investments across various industries.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Ferroalloys market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Ferroalloys Market Segmental Analysis
Global Ferroalloys Market is segmented by type, application, end use industry and region. Based on type, the market is segmented into bulk alloys (ferrosilicon, ferromanganese, ferrochromium) and noble alloys (ferromolybdenum, ferronickel, ferrovanadium). Based on application, the market is segmented into carbon & low alloy steel, stainless steel, alloy steel, cast iron and others (superalloys, welding electrodes). Based on end use industry, the market is segmented into construction (infrastructure, residential, commercial), automotive (passenger vehicles, commercial vehicles), aerospace (aircraft manufacturing, spacecraft manufacturing), oil & gas (exploration, production) and others (electronics, shipbuilding). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Ferroalloys Market
The global ferroalloys market is expected to see significant growth driven by the increasing demand for steel production worldwide. Various types of ferroalloys, including ferrochrome, ferrosilicon, ferromanganese, and ferromolybdenum, play crucial roles in different steel-making processes. For example, ferrovanadium enhances steel's resistance to aggressive chemicals such as alkalis and acids, while also improving the strength of casting and welding electrodes. The need for high-performance materials capable of withstanding extreme operational conditions in industries like aerospace and energy is propelling the demand for superalloys, which utilize ferroalloys. As the aerospace sector pushes for advanced aircraft manufacturing, the prospects for ferroalloys continue to brighten, presenting ample opportunities for stakeholders in this market.
Restraints in the Global Ferroalloys Market
The global ferroalloys market may face significant constraints due to the increasing substitution of stainless steel with carbon fibers. Known for their lightweight, high strength, and excellent load-bearing properties, carbon fibers are increasingly favored in the automotive industry, leading to an approximate 30% reduction in vehicle weight when utilized. The rising emphasis on fuel efficiency and the demand for lightweight vehicles further elevate the popularity of carbon fibers as a preferred material. Additionally, advancements in automated production processes make carbon fibers a more appealing option compared to stainless steel, ultimately posing challenges to the growth of the ferroalloys market in the future.
Market Trends of the Global Ferroalloys Market
The global ferroalloys market is poised for significant growth, driven primarily by the booming construction industry, which remains the largest end-use market for steel products such as rebars, sections, channels, and angles. Projections indicate robust expansion of the construction sector from 2022 to 2030, fueled by increasing infrastructure investments and urbanization trends. This surge in construction activities is expected to elevate the demand for ferroalloys, essential feedstocks in steel production, thereby bolstering the overall market. As the need for high-performance steel rises, the ferroalloys market is set to benefit from favorable market dynamics and increased consumption across various applications.