Ferrochrome Market Size, Share, & Trends Analysis Report By Product (High Carbon Ferrochrome, Medium Carbon Ferrochrome, Low Carbon Ferrochrome), By Application (Stainless Steel, Other Steel), By Region, And Segment Forecasts, 2023

The global ferrochrome market size is expected to reach USD 28.83 billion by 2030, expanding at a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market is mainly driven by demand from booming stainless steel industry especially in Asia. Stainless steel industry accounts for roughly more than 75% of the FeCr consumption in the globe. China, being the largest stainless steel producer is therefore also the biggest consumer of FeCr.

The global stainless steel production is predicted to witness considerable growth over the coming years owing to strong demand from building & construction industry. Stainless steel is largely consumed in building & construction industry due to its aesthetic appearance and corrosion resistance properties. Moreover, a variety of stainless steel products are easily fabricated and therefore, preferred by architects and building contractors.

Majority of chromite ore suppliers in these regions are integrated in nature as they are also involved with manufacturing of ferrochrome. Glencore and Samancor Chrome are some of the major players in South Africa that produce ferrochrome by extracting chromite from their own operating mines situated in South Africa. The chromite ore suppliers are concentrated in South Africa, Kazakhstan, India, Turkey, and Zimbabwe, as these countries are host to enormous amount of chromite ore reserves.

Industry rivalry in ferrochrome market is quite intensive owing to the presence of several established and integrated companies that are consolidated in South Africa, India, Turkey, and Kazakhstan. China is also among the largest suppliers of the FeCr along with South Africa. However, the suppliers in China is characterized by various small to medium sized players that import chrome ore mainly from South Africa for their FeCr production.

Major challenge faced by the South African manufacturers is lack of power supply as ferrochrome manufacturing is an energy intensive process. Power shortages coupled with high electricity tariffs over the past few years in South Africa have adversely affected the ferrochrome production and has led to either shut down or acquisition of many suppliers in the country. Some of the recent acquisitions include Samancor Chrome acquiring local South African subsidiary International Ferro Metals SA of International Ferro Metals.

Ferrochrome Market Report Highlights:

High carbon ferrochrome dominated the market in 2022 with a volume share of 92.6%. It is expected to maintain its dominance over the forecast period owing to abundant reserves available of high carbon chromite ore as compared to other products.
Stainless steel segment held the largest revenue share of 83.8% in 2022., in terms of revenue. As ferrochrome currently has no substitute for stainless steel, it is poised to witness lucrative growth.
In terms of volume, Asia Pacific acquired the highest share of 61.8% in 2022. This is mainly attributed to the dominant position of China in terms of stainless steel production.
In August 2019, Glencore, one of the major FeCr manufacturer of South Africa announced a cut in its ferrochrome production by 10% for 2019. This decision was taken owing to the electricity concerns in South Africa.

Product Code: GVR-4-68038-027-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Ferrochrome Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
3.6. Ferrochrome Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
  - 3.6.1.1. Supplier power
  - 3.6.1.2. Buyer power
  - 3.6.1.3. Substitution threat
  - 3.6.1.4. Threat of new entrant
  - 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
  - 3.6.2.1. Political landscape
  - 3.6.2.2. Technological landscape
  - 3.6.2.3. Economic landscape
  - 3.6.2.4. Social landscape
  - 3.6.2.5. Environmental landscape
  - 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Ferrochrome Market: Product Estimates & Trend Analysis

5.1. Ferrochrome Market: Key Takeaways
5.2. Ferrochrome Market: Movement & Market Share Analysis, 2022 & 2030
5.3. High Carbon Ferrochrome
- 5.3.1. High carbon ferrochrome market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4. Medium Carbon Ferrochrome
- 5.4.1. Medium carbon ferrochrome market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.5. Low Carbon Ferrochrome
- 5.5.1. Low carbon ferrochrome market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)

Chapter 6. Ferrochrome Market: Application Estimates & Trend Analysis

6.1. Ferrochrome Market: Key Takeaways
6.2. Ferrochrome Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Stainless Steel
- 6.3.1. Stainless steel market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.4. Other Steel
- 6.4.1. Other steel market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)

Chapter 7. Ferrochrome Market: Regional Estimates & Trend Analysis

7.1. Regional Outlook
7.2. Ferrochrome Market by Region: Key Takeaway
7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.3.2. U.S.
  - 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.3.3. Canada
  - 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.3.4. Mexico
  - 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.4. Europe
- 7.4.1. Germany
  - 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.4.2. France
  - 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.4.3. Italy
  - 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.4.4. Spain
  - 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.4.5. Russia
  - 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.4.6. Turkey
  - 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.5. Asia Pacific
- 7.5.1. Japan
  - 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.2. China
  - 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.3. India
  - 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.4. Australia
  - 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.5. South Korea
  - 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.6. Vietnam
  - 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.7. Indonesia
  - 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.5.8. Malaysia Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.6. Central & South America
- 7.6.1. Brazil
  - 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.6.2. Argentina
  - 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.7. MEA
- 7.7.1. Saudi Arabia
  - 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.7.2. South Africa
  - 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 7.7.3. Egypt
  - 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
- 8.2.1. Samancor Chrome
  - 8.2.1.1. Company overview
  - 8.2.1.2. Financial performance
  - 8.2.1.3. Product benchmarking
  - 8.2.1.4. Strategic initiatives
- 8.2.2. Jindal Steel & Power Limited
  - 8.2.2.1. Company overview
  - 8.2.2.2. Financial performance
  - 8.2.2.3. Product benchmarking
  - 8.2.2.4. Strategic initiatives
- 8.2.3. Eurasian Resources Group
  - 8.2.3.1. Company overview
  - 8.2.3.2. Financial performance
  - 8.2.3.3. Product benchmarking
  - 8.2.3.4. Strategic initiatives
- 8.2.4. Hernic, Vargon Alloys AB
  - 8.2.4.1. Company overview
  - 8.2.4.2. Financial performance
  - 8.2.4.3. Product benchmarking
  - 8.2.4.4. Strategic initiatives
- 8.2.5. Ferbasa
  - 8.2.5.1. Company overview
  - 8.2.5.2. Financial performance
  - 8.2.5.3. Product benchmarking
  - 8.2.5.4. Strategic initiatives
- 8.2.6. Yilmaden
  - 8.2.6.1. Company overview
  - 8.2.6.2. Financial performance
  - 8.2.6.3. Product benchmarking
  - 8.2.6.4. Strategic initiatives
- 8.2.7. Glencore
  - 8.2.7.1. Company overview
  - 8.2.7.2. Financial performance
  - 8.2.7.3. Product benchmarking
  - 8.2.7.4. Strategic initiatives
- 8.2.8. ALBCHROME
  - 8.2.8.1. Company overview
  - 8.2.8.2. Financial performance
  - 8.2.8.3. Product benchmarking
  - 8.2.8.4. Strategic initiatives
- 8.2.9. Outokumpu
  - 8.2.9.1. Company overview
  - 8.2.9.2. Financial performance
  - 8.2.9.3. Product benchmarking
  - 8.2.9.4. Strategic initiatives
- 8.2.10. IMFA
  - 8.2.10.1. Company overview
  - 8.2.10.2. Financial performance
  - 8.2.10.3. Product benchmarking
  - 8.2.10.4. Strategic initiatives
- 8.2.11. Balasore Alloys Limited
  - 8.2.11.1. Company overview
  - 8.2.11.2. Financial performance
  - 8.2.11.3. Product benchmarking
  - 8.2.11.4. Strategic initiatives
- 8.2.12. Ferro Alloys Corporation Ltd.
  - 8.2.12.1. Company overview
  - 8.2.12.2. Financial performance
  - 8.2.12.3. Product benchmarking
  - 8.2.12.4. Strategic initiatives

Product Code: GVR-4-68038-027-9

List of Tables

Table 1 List of Abbreviation
Table 2 North America ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 3 North America ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 4 North America ferrochrome market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 5 U.S. ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 6 U.S. ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 7 Canada ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 8 Canada ferrochrome market, by application, (USD Million, Kilotons) 2018 - 2030
Table 9 Mexico ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 10 Mexico ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 11 Europe ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 12 Europe ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 13 Europe ferrochrome market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 14 Germany ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 15 Germany ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 16 France ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 17 France ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 18 Italy ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 19 Italy ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 20 Spain ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 21 Spain ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 22 Turkey ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 23 Turkey ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 24 Russia ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 25 Russia ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 26 Asia Pacific ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 27 Asia Pacific ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 28 Asia Pacific ferrochrome market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 29 China ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 30 China ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 31 Japan ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 32 Japan ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 33 India ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 34 India ferrochrome market, by application, (USD Million, Kilotons) 2018 - 2030
Table 35 Australia ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 36 Australia ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 37 Vietnam ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 38 Vietnam ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 39 South Korea ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 40 South Korea ferrochrome market, by application, (USD Million, Kilotons) 2018 - 2030
Table 41 Indonesia ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 42 Indonesia ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 43 Malaysia ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 44 Malaysia ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 45 Central & South America ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 46 Central & South America ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 47 Central & South America ferrochrome market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 48 Brazil ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 49 Brazil ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 50 Argentina ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 51 Argentina ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 52 Middle East and Africa ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 53 Middle East and Africa ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 54 Middle East and Africa ferrochrome market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 55 South Africa ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 56 South Africa ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 57 Saudi Arabia ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 58 Saudi Arabia ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 59 Egypt ferrochrome market, by product, 2018 - 2030 (USD Million, Kilotons)
Table 60 Egypt ferrochrome market, by application, 2018 - 2030 (USD Million, Kilotons)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Ferrochrome: Market outlook
Fig. 9 Ferrochrome: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Ferrochrome market driver impact
Fig. 15 Ferrochrome market restraint impact
Fig. 16 Ferrochrome market strategic initiatives analysis
Fig. 17 Ferrochrome market: Product movement analysis
Fig. 18 Ferrochrome market: Product outlook and key takeaways
Fig. 19 High carbon ferrochrome market estimates and forecasts, 2018 - 2030
Fig. 20 Medium carbon ferrochrome market estimates and forecasts, 2018 - 2030
Fig. 21 Low carbon ferrochrome market estimates and forecasts, 2018 - 2030
Fig. 22 Ferrochrome market: Application movement analysis
Fig. 23 Ferrochrome market: Application outlook and key takeaways
Fig. 24 Stainless steel market estimates and forecasts, 2018 - 2030
Fig. 25 Other steel market estimates and forecasts, 2018 - 2030
Fig. 26 Global ferrochrome market: Regional movement analysis
Fig. 27 Global ferrochrome market: Regional outlook and key takeaways
Fig. 28 North America market estimates and forecasts, 2018 - 2030
Fig. 29 U.S. market estimates and forecasts, 2018 - 2030
Fig. 30 Canada market estimates and forecasts, 2018 - 2030
Fig. 31 Mexico market estimates and forecasts, 2018 - 2030
Fig. 32 Europe. market estimates and forecasts, 2018 - 2030
Fig. 33 Germany market estimates and forecasts, 2018 - 2030
Fig. 34 France market estimates and forecasts, 2018 - 2030
Fig. 35 Italy market estimates and forecasts, 2018 - 2030
Fig. 36 Spain market estimates and forecasts, 2018 - 2030
Fig. 37 Turkey market estimates and forecasts, 2018 - 2030
Fig. 38 Russia market estimates and forecasts, 2018 - 2030
Fig. 39 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 40 Japan market estimates and forecasts, 2018 - 2030
Fig. 41 China market estimates and forecasts, 2018 - 2030
Fig. 42 India market estimates and forecasts, 2018 - 2030
Fig. 43 Australia market estimates and forecasts, 2018 - 2030
Fig. 44 Vietnam market estimates and forecasts, 2018 - 2030
Fig. 45 South Korea market estimates and forecasts, 2018 - 2030
Fig. 46 Indonesia market estimates and forecasts, 2018 - 2030
Fig. 47 Malaysia market estimates and forecasts, 2018 - 2030
Fig. 48 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 49 Brazil market estimates and forecasts, 2018 - 2030
Fig. 50 Argentina market estimates and forecasts, 2018 - 2030
Fig. 51 Middle East and Africa. market estimates and forecasts, 2018 - 2030
Fig. 52 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 53 South Africa market estimates and forecasts, 2018 - 2030
Fig. 54 Egypt market estimates and forecasts, 2018 - 2030

Ferrochrome Market Size, Share, & Trends Analysis Report By Product (High Carbon Ferrochrome, Medium Carbon Ferrochrome, Low Carbon Ferrochrome), By Application (Stainless Steel, Other Steel), By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Ferrochrome Market Growth & Trends:

Ferrochrome Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Ferrochrome Market Variables, Trends & Scope

Chapter 4. Supplier Portfolio Analysis

Chapter 5. Ferrochrome Market: Product Estimates & Trend Analysis

Chapter 6. Ferrochrome Market: Application Estimates & Trend Analysis

Chapter 7. Ferrochrome Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape

List of Tables

List of Figures