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Global Ferrochrome Market 2019-2023

Global Ferrochrome Market 2019-2023

About this market

Increase in ferrochrome slag processing plants to drive growth in the ferrochrome market. The slag processing plants help in the easy recovery of ferrochrome metal. the ferrochrome slag can be used as aggregate in construction industry. The growing environmental concerns about the proper ferrochrome waste slag is expected to foster market growth. Technavio’s analysts have predicted that the ferrochrome market will register a CAGR of almost 7% by 2023.

Market Overview

Growth in stainless steel industry

Chromium is one of the vital elements used in the steel production. It provides strength, toughness, and temperature stability to steel. Ferrochrome is the major source of chromium in the stainless-steel industry. The growing use of ferrochrome as a source of chromium in stainless steel production is expected to drive market growth.

Impact of chromite mining

Chromite mining is the main raw material used in ferrochrome production. The mining of chromite pollutes water as well as air and degrades the local landscape. Thus, environmental concerns and sustainability are likely to limit chromite mining, thereby, hindering the growth of the ferrochrome market.

For the detailed list of factors that will drive and challenge the growth of the ferrochrome market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Samancor Chrome and Yildirim Group the competitive environment is quite intense. Factors such as the increase in ferrochrome slag processing plants and the growth in stainless steel industry, will provide considerable growth opportunities to ferrochrome manufactures. Eurasian Resources Group, Glencore, HERNIC, Outokumpu, Samancor Chrome, and Yildirim Group are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global chromite market
      • Table Segments of global chromite market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Production process of ferrochrome
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global ferrochrome market: Size and forecast 2018-2023 (thousand t)
      • Table Global ferrochrome market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Charge chrome and high carbon - Market size and forecast 2018-2023
      • Table Charge chrome and high carbon - Market size and forecast 2018-2023 (thousand t)
      • Table Charge chrome and high carbon - Year-over-year growth 2019-2023 (%)
      • Table Composition of charge chrome and high carbon type
    • Low carbon - Market size and forecast 2018-2023
      • Table Low carbon - Market size and forecast 2018-2023 (thousand t)
      • Table Low carbon - Year-over-year growth 2019-2023 (%)
      • Table Composition of low carbon ferrochrome
    • Medium carbon - Market size and forecast 2018-2023
      • Table Medium carbon - Market size and forecast 2018-2023 (thousand t)
      • Table Medium carbon - Year-over-year growth 2019-2023 (%)
      • Table Composition of medium carbon ferrochrome
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Stainless steel - Market size and forecast 2018-2023
      • Table Stainless steel - Market size and forecast 2018-2023 (thousand t)
      • Table Stainless steel - Year-over-year growth 2019-2023 (%)
    • Carbon and other alloy steels - Market size and forecast 2018-2023
      • Table Carbon and other alloy steel - Market size and forecast 2018-2023 (thousand t)
      • Table Carbon and other alloy steel - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (thousand t)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (thousand t)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global chromite production 2017
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Consolidation of the global ferrochrome market
    • Capacity addition with new ferrochrome plants
    • Increase in ferrochrome slag processing plants
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Eurasian Resources Group
      • Table Eurasian Resources Group - Vendor overview
      • Table Eurasian Resources Group - Business segments
      • Table Eurasian Resources Group - Organizational developments
      • Table Eurasian Resources Group - Key offerings
    • Glencore
      • Table Glencore - Vendor overview
      • Table Glencore - Business segments
      • Table Glencore - Organizational developments
      • Table Glencore - Geographic focus
      • Table Glencore - Segment focus
      • Table Glencore - Key offerings
    • HERNIC
      • Table HERNIC - Vendor overview
      • Table HERNIC - Business segments
      • Table HERNIC - Key offerings
    • Outokumpu
      • Table Outokumpu - Vendor overview
      • Table Outokumpu - Business segments
      • Table Outokumpu - Organizational developments
      • Table Outokumpu - Geographic focus
      • Table Outokumpu - Segment focus
      • Table Outokumpu - Key offerings
    • Samancor Chrome
      • Table Samancor Chrome - Vendor overview
      • Table Samancor Chrome - Product segments
      • Table Samancor Chrome - Key offerings
    • YILDIRIM GROUP OF COMPANIES
      • Table YILDIRIM GROUP OF COMPANIES - Vendor overview
      • Table YILDIRIM GROUP OF COMPANIES - Business segments
      • Table YILDIRIM GROUP OF COMPANIES - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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