Press release
Silicon Alloys Market to reach USD 2.31 Bn by 2029, emerging at a CAGR of 5 percent and forecast (2022-2029)
Silicon Alloys Market
The comprehensive report provides a detailed analysis of the global and regional markets for Silicon Alloys. It encompasses an in-depth study of the industry's growth factors in specific regions. The report incorporates reliable research methodologies to offer valuable insights and identify the reasons behind variations in industry growth across different regions.
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What are Silicon Alloys Market Dynamics?
The increasing demand for steel in key industries such as shipbuilding, construction, automotive, and various industrial sectors is a major driver propelling the growth of the silicon alloys market. Moreover, the rising global automotive sales are expected to further boost the market. Steel and cast iron are crucial components in automotive manufacturing, accounting for approximately 65% of the vehicle's weight.
However, the decreasing weight of vehicles due to the demand for fuel-efficient vehicles poses a challenge for the silicon alloys market. Despite this, the expanding applications of silicon alloys, along with automation and infrastructure development in emerging economies, are projected to create significant growth opportunities. Industrialization and infrastructure improvements are expected to drive the demand for cast iron and steel products, further augmenting the silicon alloys market.
Silicon Alloys Market Regional Insights:
Asia-Pacific holds the dominant share in the silicon alloys market, accounting for a substantial portion of the global market. China is a key contributor, manufacturing a significant amount of ferrosilicon, a type of silicon alloy. Additionally, the presence of major ferrosilicon manufacturers in China, such as Ningxia Rongsheng Ferroalloy, Erdos Metallurgy Group, Elkem, and Group OM Materials, supports the market's expansion. The steel manufacturing growth in India is also expected to drive the Asia-Pacific silicon alloys market. North America and Europe are prominent regions in terms of volume, while the Latin America market is projected to witness substantial growth due to increasing industrialization.
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What is Silicon Alloys Market Segmentation?
by Type
• Ferrosilicon
• Deoxidizers
• Inoculants
• Others
by Application
• Carbon Steel & Other Alloy Steel
• Stainless Steel
• Electrical Steel
• Cast Iron
• Others
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Who are Silicon Alloys Market Key Players?
• Jindal Stainless Limited.
• American Elements Corp
• ArcelorMittal S.A.
• Dragon Northwest Ferroalloy Co., Ltd.
• RFA International, LP
• OM Holdings Limited
• Elkem ASA
• Ferroglobe PLC
• Tata Steel Limited
• Metal & Alloys Corporation
• Kuwait United
• Chemalloys Manufacturing
• DMS Powders (Pty) Ltd
• SKP Group
• Georgian American Alloys Inc
• Lalwani Ferroalloy Ltd.
• Pioneer Carbide Pvt. Limited
• Steelmin Limited
• JAJOO GROUP'S
• Acciaierie Valbruna S.p.a.
• Jai Balaji Industries Limited
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Table of content for the Silicon Alloys Market includes:
1. Global Silicon Alloys Market : Research Methodology
2. Global Silicon Alloys Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Silicon Alloys Market : Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Silicon Alloys Market Segmentation
• Global Market, by Type (2021-2029)
• Global Market, by Application (2021-2029)
•
5. Regional Silicon Alloys Market (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Application (2021-2029)
•
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
•
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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