Industry Background:
Ferrochrome, (FeCr) also known as Charge Chrome, is an alloy of chromium and iron, generally containing 50 to 70% chromium by weight. Ferrochrome is produced by electric arc carbothermic reduction of chromite. Most of the global output is produced in South Africa, Kazakhstan, and India, which have large domestic chromite resources. Increasing amounts are coming from Russia and China. Production of steel especially that of stainless steel with a chromium content of 10 to 20%, is the largest consumer and the main application of ferrochrome. FeCr from South Africa, known as "charge chrome" and produced from a Cr containing ore with low carbon content, is most commonly used in stainless steel production.
The Global Charge Chrome market presents a comprehensive analysis of the Charge Chrome market by product type (High Carbon Type and Low Carbon Type), by end-user/application (Stainless Steel, Engineering & Alloy Steel and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Glencore Merafe (South Africa), Samancore Chrome (South Africa), Mogale Alloys (South Africa), Traxys (South Africa), TNC Kazchrome JSC (Kazakhstan), Jindal Steel & Power Ltd. (India), FACOR (India), Tata Steel (India), IMFA (India) and Jindal Steel & Power (India). Additionally, other players that are part of this comprehensive study are Yildirim Group (Turkey), Eurasian Resources Group (Luxembourge), Mintal Group (China), Shanxi Jiang County Minmetal (China), Jilin Ferro Alloys (China), Ehui Group (China) and Outokumpu (Finland).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Glencore Merafe (South Africa), Samancore Chrome (South Africa), Mogale Alloys (South Africa), Traxys (South Africa), TNC Kazchrome JSC (Kazakhstan), Jindal Steel & Power Ltd. (India), FACOR (India), Tata Steel (India), IMFA (India) and Jindal Steel & Power (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Increasing Demand of Charge Chrome Owing to Increase in Stainless Steel Production around the Globe and Increase in Manufacturing of Utensils and Rise in Consumer Disposable Income
Challenges:
Expensive Production Process, As Huge Amounts of Electricity, are Consumed
Restraints:
Fluctuation in the Raw Material Prices and Trade Barriers and Cross Border Taxation Policy
Opportunities:
Increase in Export and Import of Charge Chrome as Supply has tightened by China, Growing Manufacturing Activities and Increasing Foreign Investments and Growing Mergers and Acquisition Activities in the Market
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Charge Chrome industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Middle East and Africa, Asia holds majority of market share of the Charge Chrome, the Europe has emerged as a crucial market for several Charge Chrome brands.
The Sales Channel, such as Direct, is boosting the Charge Chrome market and is anticipated to experience a steady growth during the forecast period.
This market focuses on Charge Chrome volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Charge Chrome market size by analysing historical data and future prospect.
The regional segmentation covered in this report are:
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)