Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 Persistence Market Research Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 Persistence Market Research 1 Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 Persistence Market Research Released New Market Report on “Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022”. Ferrochromium, also known as Ferrochrome, is an alloy of iron and chromium containing 50 to 70% of chromium. It is produced by electric arc melting of chromium ore and chromite. Ferrochromium is consumed extensively in the manufacturing of steel to achieve the qualities such as corrosion resistance, tensile strength, heat resistance and yield strength. The global ferrochromium market is anticipated to be in deficit to cater the increasing global steel market in near future. Ferrochromium is mostly produced in India, China, South Africa and Kazakhstan because of large chromite resources found in these countries. The global ferrochromium market is witnessing a modest single digit CAGR growth up till now and is expected to continue in future. Ferrochromium is having its maximum share of consumption in steel industry and due to the ever increasing construction and demand of steel the global ferrochromium market is forecasted to flourish. In order to get a continuous supply of raw material for ferrochrome, China has established its operations in the countries like Turkey, South Africa, Philippines and Zimbabwe which would boost the global ferrochromium market in future. Due to the favourable conditions like lower electricity price and lower labour cost in upcoming markets like China, the production cost reduces comparatively. This will boost the production of ferrochrome to suffice its increasing demand and will contribute in global ferrochromium market. The global ferrochromium market can get hampered because of the increase in the export tax and fixed export quotas imposed by South Africa on chrome ore, owing to the concern of losing ferrochromium market to China. South Africa is having a significant market share in global ferrochromium market but there are concerns of power supply and higher production cost which would lead to the closure of small competitors and is estimated to slowdown the global ferrochromium market. Persistence Market Research 2 Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 Based on the carbon percentage, the global ferrochromium market is segmented as • Extra low carbon ferrochromium powder • Low carbon ferrochromium powder • High carbon ferrochromium powder • Extra high carbon ferrochromium powder Interested in report: Please follow the below links to meet your requirements; Request for the Report Brochure: http://www.persistencemarketresearch.com/samples/10046 Based in the available form, the global ferrochromium market is segmented as – • Ferrochromium slag • Ferrochromium powder Request TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/10046 Based on the application, the global ferrochromium market is segmented as – • Ball bearing steels • Acid resistant steels • Cast irons • Powder metallurgy • Others (civil engineering, refractory materials) Persistence Market Research 3 Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 The global ferrochromium market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is having the maximum market share in global ferrochromium market, China and India are the countries having an excellent steel market, so these countries are significant in the consumption of ferrochrome. China is expanding its capacity to import chrome ore for the production of ferrochrome from the countries like South Africa, Turkey, Zimbabwe. Middle East and Africa are also marking a significant growth in the global ferrochromium market, Especially South Africa is having plenty of chromite resources for the production of ferrochrome. Europe is an emerging market in the field of ferrochrome and is anticipated to have a considerable market in future due to the flourishing automobile sector in the region. North America and Latin America is at a nascent stage in the global ferrochromium market. For more info: http://www.persistencemarketresearch.com/contact-us.asp Some of the key players in global ferrochromium market are, Nava Bharat Ventures Limited, VISA STEEL, Balasore Alloys Limited, Aarti Steels Ltd, SR Group, Vyankatesh Metals & Alloys Pvt. Ltd The report covers exhaustive analysis on: • Ferrochromium Market Segments • Ferrochromium Market Dynamics • Historical Actual Market Size, 2012 - 2014 • Ferrochromium Market Size & Forecast 2015 to 2025 • Supply & Demand Value Chain • Ferrochromium Market Current Trends/Issues/Challenges • Competition & Companies involved Persistence Market Research 4 Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 • Technology • Value Chain • Ferrochromium Market Drivers and Restraints Follow us on: https://www.linkedin.com/company/persistence-market-research-&-consulting Regional analysis for Ferrochromium Market includes • North America • Latin America • Europe • Asia Pacific & Japan • The Middle East and Africa Report Highlights: • Shifting Industry dynamics • In-depth market segmentation • Historical, current and projected industry size Recent industry trends • Key Competition landscape • Strategies of key players and product offerings • Potential and niche segments/regions exhibiting promising growth • A neutral perspective towards market performance Persistence Market Research 5 Ferrochromium Market : Global Industry Analysis and Forecast 2016 - 2022 About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values. Contact Us: Persistence Market Research 305 Broadway, 7th Floor, New York City, NY 10007, United States. Phone: +1-646-568-7751 USA/Canada Toll Free Number: +1-800-961-0353 E-mail: [email protected] Web : http://www.persistencemarketresearch.com Persistence Market Research 6