Insights on the Ferrosilicon Global Market to 2027
Ferrosilicon (FeSi) refers to an alloy of iron and silicon that is industrially produced by reducing sand or silica in the presence of iron at very high temperatures. It is widely used in the reduction of metals from their oxides and in the deoxidization of steel and other ferrous alloys to prevent the loss of carbon from molten steel and other materials.
Ferrosilicon is extensively utilized for inoculation, graphitization, and modification in the casting industries. As a result, the escalating demand for steel and iron from various end use sectors represents the primary factor driving the market growth.
The global ferrosilicon market reached a value of US$ 11.60 Billion in 2021. Looking forward, West Aisa group expects the market to reach a value of US$ 13.66 Billion by 2027, exhibiting a CAGR of 2.76% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries.
- Export - Metals
- silicon manganese
- Inoculant
- Silicon Carbide
- Recarburizer
- Ferro Silicon
- Silicon Metal
- Ferro Manganese
- High Carbon Silicon
- Nodulizer
- Cored Wire
- Silicon briquette
- Silicon powder /Micro Silicon-Powder
- Silicon slag/Low carbon silicon
- Ferro chrome
- Calcium Silicon
- Electrolytic Manganese Flakes
- Ferro Silicon Aluminum
- Silicon aluminum barium calcium
- Silicon calcium manganese
- Silicon barium calcium
