Market Highlights: Ferrochrome depicts noncorrosive properties to stainless steel that offers strength, toughness and temperature stability. Ferrochrome market is expected to mark significant growth over forecasted period owing to increasing consumers spending for stainless steel, huge amount of electricity and technological advancement. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the industrial and construction industries. Further, increasing demand for the Ferrochrome expected to drive the market growth over the forecasted period. The market study is being classified by Type (High Carbon, Medium Carbon, Low Carbon and Ferro Silico Chrome), by Application (Stainless Steel, Cast Iron, Powder Metallurgy and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Ferrochrome are GLENCORE (Switzerland), Fondel Corporation (The Netherlands), ICT Group (The Netherlands), ZIMASCO (Zimbabwe), ZimAlloys (Zimbabwe), Maranatha Ferrochrome (Zimbabwe), Oliken Ferroalloys (Zimbabwe), Vargon Alloys (Sweden), Indsil (India), Harsco (United States), Vipul Corporation (India), Westbrook Resources Ltd (United Kingdom), Ferro Alloys Corporation Limited (FACOR) (India) and S.C. Feral S.R.L (Romania).
Major Market Development Highlights In March 2018, Samancor planned to bid for hernic acquisition with a deal of USD 42.4 million. It is beneficial in providing three chrome ore mines, four ferro-chrome smelters, an ore benefication plant, a platinum group metals concentrator plant, a slag recovery plant and surface tailings.
Key Questions Answered in the Report What will the Ferrochrome Market size and the growth rate be in Future? What are the key factors driving the Ferrochrome Market? What are the key market trends and macro-economic impacting the growth of the Ferrochrome Market? What are the challenges to market growth? Who are the key vendors in the Ferrochrome Market? What are the market opportunities and threats faced by the vendors in the Ferrochrome Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Ferrochrome Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ferrochrome market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ferrochrome market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ferrochrome Manufacturers, Ferrochrome Traders, End-Use Market Participants of Different Segments of Ferrochrome, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.