Key Players and Emerging Trends in the Ferroalloys Industry
The ferroalloys market was estimated at USD 48.9 billion in 2022 and is likely to grow at a CAGR of 7.2% during 2023-2028 to reach USD 74.41 billion in 2028.
Ferroalloys are iron-based alloys having a significant number of other elements such as chromium, manganese, silicon, and others. These alloys are primarily used in the production of carbon and stainless steel to add elements into molten metal during the steel manufacturing process. Due to their superior properties such as high tensile strength and excellent durability, ferroalloys are majorly used in various end-use industries such as automotive, steel, construction, aerospace & defense, electronics, metallurgical, oil & gas, and healthcare.
Read More: https://www.stratviewresearch.com/1167/ferroalloys-market.html
The ferroalloys market was estimated at USD 48.9 billion in 2022 and is likely to grow at a CAGR of 7.2% during 2023-2028 to reach USD 74.41 billion in 2028.
Ferroalloys are iron-based alloys having a significant number of other elements such as chromium, manganese, silicon, and others. These alloys are primarily used in the production of carbon and stainless steel to add elements into molten metal during the steel manufacturing process. Due to their superior properties such as high tensile strength and excellent durability, ferroalloys are majorly used in various end-use industries such as automotive, steel, construction, aerospace & defense, electronics, metallurgical, oil & gas, and healthcare.
Read More: https://www.stratviewresearch.com/1167/ferroalloys-market.html
Key Players and Emerging Trends in the Ferroalloys Industry
The ferroalloys market was estimated at USD 48.9 billion in 2022 and is likely to grow at a CAGR of 7.2% during 2023-2028 to reach USD 74.41 billion in 2028.
Ferroalloys are iron-based alloys having a significant number of other elements such as chromium, manganese, silicon, and others. These alloys are primarily used in the production of carbon and stainless steel to add elements into molten metal during the steel manufacturing process. Due to their superior properties such as high tensile strength and excellent durability, ferroalloys are majorly used in various end-use industries such as automotive, steel, construction, aerospace & defense, electronics, metallurgical, oil & gas, and healthcare.
Read More: https://www.stratviewresearch.com/1167/ferroalloys-market.html
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