Prof Research published a new report on Ferro Alloy Market. It presents the largest 21 manufacturers in Ferro Alloy Market. The report is a professional and in-depth study of the current state of the global Ferro Alloy market. The report provides key statistics on the market of Ferro Alloy. It is a valuable source of guidance and direction for companies and individuals interested in the Ferro Alloy industry.

Ferro alloys are a group of iron-based alloys that are used as additives to impart desirable properties to steel and other alloys. They are produced by adding one or more elements such as manganese, silicon, chromium, and vanadium to iron.

Ferro alloys are essential in the production of various types of steel, including stainless steel, low alloy steel, and high-strength low-alloy steel. The addition of ferro alloys can improve the mechanical, physical, and chemical properties of steel, such as hardness, toughness, corrosion resistance, and heat resistance.

The production of ferro alloys involves smelting the raw materials in an electric arc furnace or a blast furnace. The resulting alloy is then cooled and crushed into small pieces or granules, which can be used as an additive in steel production.

Some common types of ferro alloys include ferro manganese, ferro silicon, ferro chrome, ferro tungsten, and ferro molybdenum. Each type of ferro alloy has its unique properties and is used for specific applications in the steel industry.

The global Ferro Alloy market was valued to be 67,933 million USD in 2022. The Ferro Alloy production value is anticipated to have growth with a CAGR of -1.54% in the coming years to reach 61,880 million USD in 2028.

The market for ferro alloys is highly competitive, with major players including Jitie Ferroalloys, Erdos Group, Minmetals, Tata Steel, CHEMK Industrial, Ningxia Shengyan, Ferroglobe, OM Holdings, Guangxi Ferroalloys (Liuzhou Iron & Steel), Junzheng, Nippon Denko, Elkem, IMFA, Guangxi Xin-Manganese Group, Tengda Northwest Iron Alloy, Sichuan Chuantou Emei, Shyam Metalics, Gulf Manganese, Samancor Chrome, Merafe Resources, and African Rainbow Minerals. The market is also influenced by factors such as raw material prices, government regulations, and technological advancements in the industry.

Erdos Group is the largest manufacturer of Ferro Alloy in the world, and it has a market share of 3.6% in value. Inner Mongolia ERDOS Resources Co Ltd is a China-based company, principally engaged in the manufacture and distribution of cashmere apparels, as well as coal electricity and metallurgy business. The Company operates its businesses through smelting of ferrosilicon, coal mining and processing, electric power generation and distribution, as well as the manufacture and distribution of cashmere products. The Company provides cashmere sweaters, ferrosilicon, calcium carbide, coal, silicon manganese alloy and polyvinyl chloride (PVC) resin.

Samancor Chrome is the second largest manufacturer of Ferro Alloy in the world, and it has a market share of 2.9% in value. Samancor Chrome is a private company. Samancor Chrome’s core business is the mining and smelting of chrome ore.

Minmetals is the third largest manufacturer of Ferro Alloy in the world, and it has a market share of 1.8% in value. Minmetals Development Co., Ltd. is a China-based company principally engaged in the trading of steel and steel products. The steel and steel products of the Company include strip steel, steel bar, stainless steel, steel tube, as well as automobile parts and castings, among others. The Company is also engaged in the supply of metallurgy raw materials, logistics businesses, bid inviting and the operation of e-commerce platforms.

Jitie Ferroalloy is the fourth largest manufacturer of Ferro Alloy in the world, and it has a market share of 1.7% in value. Jitie Ferroalloy Co., Ltd. was established on September 28, 2016 and is a wholly-owned subsidiary of Zhongze Holding Group Co., Ltd. After more than 60 years of development and construction, the enterprise has gradually developed into a comprehensive metallurgical enterprise integrating production and operation, scientific research and design, new product development, equipment installation and manufacturing, domestic and foreign trade and technical services.