FECR MARKET OVERVIEW
Ferrochrome (FeCr) is a critical ferroalloy composed of iron and chromium, essential in producing stainless and specialty steels. It enhances steel's durability and corrosion resistance.
MARKET SIZE AND GROWTH
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MARKET SIZE (2023):
APPROXIMATELY USD 14130 MILLION
PROJECTED MARKET SIZE (2035): AROUND USD 22683.37 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 5.40% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
High Carbon Type
Low Carbon Type
Other
By Application
Stainless steel
Engineering & alloy steel
Other
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Expanding steel production capacities and infrastructure development.
EUROPE
Strong market due to the presence of major steel manufacturers and a focus on high-quality ferrochrome.
NORTH AMERICA
Growth driven by the steel and automotive industries, with increasing demand for stainless steel.
ASIA-PACIFIC
Largest market, led by China and India, with rapid industrialization and high demand for stainless steel.
KEY PLAYERS
Glencore -Merafe
Tata Steel
Mintal Group
Samancor
Chrome
FACOR
