The report gives a clear image of the current Ferro Chrome Market scenario and the expected future of the industry. The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025. Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
Ferro Chrome is an alloy of chromium and iron containing between 50% and 70% chromium. The Producer of stainless steel & tool steel are the largest consumer of ferrochrome and charge chrome. It is chromium that confers upon stainless steel its remarkable corrosion resistance.
Ferro Chrome production has relatively dispersive and technical barriers are low. The main market players are Glencore-Merafe, Eurasian Resources Group, Samancor Chrome, Hernic Ferrochrome, IFM, FACOR, Mintal Group, Tata Steel, IMFA, Shanxi Jiang County Minmetal, Jilin Ferro Alloys, Ehui Group and Outokumpuetc. The global production of Ferro Chrome increased to 12136 K MT in 2016 from 9512 K MT in 2011 with CAGR of 4.99%.
According to this study, over the next five years the Ferro Chrome market will register a 3.1% CAGR in terms of revenue, the global market size will reach US$ 14200 million by 2024, from US$ 11800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ferro Chrome business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Eurasian Resources Group
- Samancor Chrome
- Hernic Ferrochrome
- Mintal Group
- Tata Steel
- Shanxi Jiang County Minmetal
- Jilin Ferro Alloys
- Ehui Group
Segmentation by product type:
- High Carboon Type
- Low Carbon Type
Segmentation by application:
- Stainless Steel
- Engineering & alloy steel
- Other Steels
This report also splits the market by region:
• United States
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- To study and analyze the global Ferro Chrome consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Ferro Chrome market by identifying its various subsegments.
- Focuses on the key global Ferro Chrome manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Ferro Chrome with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Ferro Chrome submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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