Global Ferro Alloys Market Information- by Types (Ferrochromium, Ferromanganese, Ferromolybdenum, Ferronickel, Ferrosilicon, Ferrotitanium, Ferrotungsten, Ferrovanadium, and Others), by Application (Road Rails, Automobile Bodies, Cutlery, Metallurgy), and by Region - Forecast till 2022
Pune, Maharashtra -- (SBWIRE) -- 04/27/2017 -- Market Highlights
In advancement of 21st century, the iron and steel industry represents one of the most important industries in the secondary sector, to fulfill manifold array of applications for everyday life, from tools, household appliance parts to various automobile parts. Ferroalloys is basically known for the iron and steel field, referring to any iron alloy that includes constituent as well as carbon elements that are used in the steel industry to improve their properties, providing them with specific properties depending on the metal that is used in production such as resistance with high melting point, like gas turbines and stainless steels for superior corrosion resistance, increase chemical resistance for sulfur reactions. The most important ferro alloys from the various types are ferromanganese, silicomanganese and ferrochrome and others are ferromolybdenum, ferronickel, ferrotitanium, ferrotungsten, ferrovanadium, and others.
Ferromanganese is an iron alloy formed from carbothermal reaction, with manganese oxide-based minerals. It is used for manufacturing various types of steel in the form of desulfurizing, eliminating nitrogen bubbles that may form during manufacture. Ferromanganese does not present any danger for transport however, it is important to take precautions to prevent the spreading dust from this ferromanganese, due to its pollutant nature and irritation of the airways.
Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "Global Ferro Alloys market size is expected to grow at ~59.4 billion by 2022. The market witnessed a significant growth over the forecasted period owing to growing applications such as road rails, automobile bodies, cutlery, metallurgy, and others across various industries. Global Ferro Alloys market is expected to grow at ~5.1% CAGR during 2016-2022
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-Tata Steel India (India),
-Maithan Alloys Ltd (India),
-FACOR Group (India),
-Georgian American Alloys, Inc. (US),
-Atc Alloys Limited (Australia),
-Chengdu Huarui Industrial Co., Ltd.(China),
-Vietnam Youngsun Tungsten Industry Co., Ltd (China),
-Eramet Marietta Inc.(US),
-Felman Production LLC (US),
-Anyang Mingrui Inductry Co., Ltd(China)
Ferrosilicon is an alloy produced of iron and silicon, used as deoxidizer while production of stainless steels and for the production of magnesium through a special process recognized as Pidgeon. Ferrosilicon produces hydrogen when it gets contact with moisture, which could cause an explosion. The impurities from ferrosilicon may produce arsine and phosphine which is highly toxic elements that can cause poisoning. Ferrochrome is an important element of stainless steel because it helps to improve in improves wear resistance during the production of stainless steel. Only technically capable companies can work with Ferro alloys, due to requirement of special handling, including dangerous goods.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Ferro Alloys Market Research Report- Forecast to 2022"
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Segmentation Based on types
Segmentation Based on applications
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Ferro Alloys Market
5 Industry Overview Of Global Ferro Alloys Market
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