According to IMARC Group latest report titled” Ferroalloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global ferroalloys market to exhibit moderate growth during the next five years.
Market Trends:
Ferroalloys refer to various alloys of iron that contain high proportions of one or more elements, such as aluminum (Al), silicon (Si), chromium (Cr), and manganese (Mn). Some of the commonly used ferroalloys include ferrochromium, ferrosilicon, ferrophosphorus, ferromanganese, ferromolybdenum, and ferroboron. They are used for improving functional properties, like ductility, corrosion resistance, strength, and fatigue, of various metals. On account of this, ferroalloys are extensively applied in the residential, transportation, automotive and commercial industries.
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The global ferroalloys market is primarily being driven by growth in the automotive industry. Ferroalloys are mainly utilized for producing several automobile components to improve fuel consumption and the overall functionality of vehicles. Other than this, increasing manufacturing of steel across the globe is further supporting the market growth. In line with this, widespread utilization of ferrochromium for the fabrication of stainless steel is also contributing to the market growth. Moreover, increasing infrastructural projects, particularly in developing economies, are creating a positive outlook for the market.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Arcelor Mittal
- Brahm Group
- China Minmetals Group Co. Ltd.
- Glencore plc
- Gulf Ferro Alloys Company (SABAYEK)
- Jindal Group
- Nikopol Ferroalloy Plant
- OM Holdings Ltd.
- SC Feral Srl
- SAIL
- Samancore Chrome
- Tata Steel Limited
Ferroalloys Market Segmentation:
Our report has categorized the market based on Region, Product and Application.
Market Breakup by Product:
- Ferrochrome
- Ferromanganese
- Ferro Silicomanganese
- Ferrosilicon
- Others
Market Breakup by Application:
- Carbon and Low Alloy Steel
- Stainless Steel
- Alloy Steel
- Cast Iron
- Others
Market Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore full report with table of contents: https://www.imarcgroup.com/ferroalloys-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The global Noble Ferroalloys Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Noble Ferroalloys include Essel Mining & Industries Limited (EMIL), DS Alloyd Pvt Ltd, AMG Advanced Metallurgical Group N.V., Global Titanium Inc., LekonGermess Ltd, Shanghai Shenjia Ferroalloys Co. Ltd., LekonGermess Ltd, NORTECH FERRO ALLOYS PVT.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Noble Ferroalloys Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/noble-ferroalloys-market/download-sampleMarket SegmentationThe broad Noble Ferroalloys has been sub-grouped into the Application, Product, and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
A recent report by Transparency Market Research (TMR) suggests that the global ferroalloy market is fragmented among various businesses across the globe.
To get a competitive edge over their competitors, businesses are getting involved in strategic acquisitions of various small and medium companies, collaborations and mergers, and also in events like brand promotions and product launches.
This allows businesses to retain their existing customers and acquire new ones.
Some other prominent player of the market are, Shanghai Shenjia Ferroalloys Co. Ltd., Ferroalloy Corporation Limited, MORTEX Group, Vale S.A., Georgian American Alloys, SAIL, and OFZ S.A. Are you a start-up willing to make it big in the business?
Grab an exclusive PDF sample of this report hereTMR report offers an in-depth analysis of global ferroalloys market.
Also since noble ferroalloys are expensive to produce since they are made by combining rare metals with other metals, hence businesses seek a better profit in bulk ferroalloys segment.
