Ferromanganese, a ferroalloy with high content of manganese, is made by heating a mixture of the oxides MnO2 and Fe2O3, with carbon, usually as coal and coke, in either a blast furnace or an electric arc furnace-type system, called a submerged arc furnace. The oxides undergo carbothermal reduction in the furnaces, producing the ferromanganese. Ferromanganese is used as a deoxidizer for steel.
In consumption market, the China is also the largest areas of Ferro Manganese consumption, the consumption volume of Ferro Manganese reached 1632 K MT In 2016, Europe and India are in the second and third position and the consumption volume of Ferro Manganese reached 1478 K MT and 415 K MT. In 2016, China occupied 33.59%, Europe occupied 30.42% and India occupied 8.54%. The three regions are the main Ferro Manganese consumption regions.
Ferro Manganese mainly has many applications, which include Deoxidizer, Alloying element additive and other. Deoxidizer is the main application, the production of Deoxidizer is 3795 K MT in 2016 and occupied 78.11% market share.
According to this study, over the next five years the Ferro Manganese market will register a 1.5% CAGR in terms of revenue, the global market size will reach US$ 4640 million by 2024, from US$ 4240 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ferro Manganese business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Ferro Manganese market by product type, application, key manufacturers and key regions and countries.
This study considers the Ferro Manganese value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
High Carbon
Medium Carbon
Low Carbon
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Deoxidizer
Alloying element additive
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
CITIC Jinzhou Metal
Yiwang Ferroalloy
Erdos
Tianjin Jinsheng
Sincerity
Sanhuan
Sheng Yan Group
Glencore
SAIL
Nikopol
Zaporozhye
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Ferro Manganese 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 Manganese market by identifying its various subsegments.
Focuses on the key global Ferro Manganese 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 Manganese 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 Manganese 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.
Summary:
Get latest Market Research Reports on Ferro Manganese . Industry analysis & Market Report on Ferro Manganese is a syndicated market report, published as Global Ferro Manganese Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Ferro Manganese market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.