아시아태평양의 합금철 시장 예측 : 지역별 분석-유형별, 용도별(-2031년)

The Asia Pacific ferroalloys market was valued at US$ 110.13 billion in 2023 and is expected to reach US$ 203.89 billion by 2031; it is estimated to register a CAGR of 8.0% from 2023 to 2031.

Growth in Global Aerospace & Defense Industry Boosts Asia Pacific Ferroalloys Market

The aerospace industry is experiencing significant growth in technological advancements. In the industry, there is a rise in innovative ferroalloy applications, as ferroalloys contribute to fuel efficiency by reducing the overall aircraft weight and improving safety and reliability. The pursuit of sustainable transportation solutions and electrification in the aerospace industry has gained momentum. The utilization of ferroalloys in the production of lightweight, high-capacity batteries for electric aircraft aligns with the global transition toward green aviation

The growing need for sophisticated infrastructure and government initiatives is expected to propel the Indian aerospace and defense market, which is expected to reach over US$ 70 billion by 2030. Furthermore, India has increased its defense budget by US$ 75 billion in 2024. The Defense Services Estimates (DSE) of the Ministry of Defense cover the costs of the three-armed forces as well as the Defense Research and Development Organization (DRDO) and total Rs. US$ 46.2 billion. Moreover, to promote domestic manufacturing and industry growth, the government is implementing several initiatives. The government launched Aero India 2021 in October 2020 with the goal of ranking India among the top five nations in the world for aerospace and defense industries, with both the public and private sectors actively participating. Additionally, the aerospace & defense manufacturing industry in China ranks among the top in the world.

Thus, the growth in the global aerospace & defense industry is expected to create lucrative opportunities for the ferroalloys market expansion during the forecast period.

Asia Pacific Ferroalloys Market Overview

The region's extensive steel manufacturing industry drives substantial demand for ferroalloys, particularly ferrochrome, ferromanganese, and ferrosilicon, which are major raw materials in the steel-making industry. India boasts a strong steel industry fueled by infrastructure development, automotive manufacturing, and construction activities. Additionally, the emerging role of China and India as a global hub for electric vehicle manufacturing is expected to drive demand for ferrosilicon to produce specialty steel used in automotive production. According to the International Organization of Motor Vehicle Manufacturers report, motor vehicle production in Asia Pacific was estimated to be 48.96 million units in 2022. As battery technology continues to improve, Asia Pacific is expected to become a key hub for electric vehicle production. China has emerged as one of the largest electric vehicle markets globally, supported by government policies promoting electric vehicles. As per the International Trade Administration, total investments in China's infrastructure during the 14th Five-Year Plan period (2021-2025) are estimated to reach ~US$ 4.2 trillion. According to the National Investment Promotion & Facilitation Agency, India allocated an investment budget of US$ 1.4 trillion in infrastructure under the National Infrastructure Pipeline by 2025, of which 18% accounted for roads and highways, 17% accounted for urban infrastructure, and 12% for railways. Ferroalloys are used in the production of reinforced concrete structures. Reinforced concrete is composed of steel bars embedded in concrete structures. It offers exceptional strength and structural integrity, making it the preferred choice for constructing buildings, bridges, dams, and other infrastructure projects. Ferroalloys such as ferromanganese and ferrosilicon are added to steel during the manufacturing process to enhance its tensile strength and resistance to corrosion. Therefore, the growth in the steel, automotive, and construction industries boosts the ferroalloys market growth.

Asia Pacific Ferroalloys Market Revenue and Forecast to 2031 (US$ Billion)

Asia Pacific Ferroalloys Market Segmentation

The Asia Pacific ferroalloys market is categorized into type, application, and country.

Based on type, the Asia Pacific ferroalloys market is segmented into ferrochrome, ferromanganese, ferro silico manganese, special alloys, and others. The ferro silico manganese segment held the largest market share in 2023.

In terms of application, the Asia Pacific ferroalloys market is categorized into steel making, wire manufacturing, welding electrodes, superalloys, and others. The steel making segment held the largest market share in 2023.

By country, the Asia Pacific ferroalloys market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific ferroalloys market share in 2023.

Glencore Plc, Jindal Stainless Ltd, Ferro Alloys Corp Ltd (FACOR), Erdos Group, Pertama Ferroalloys Sdn Bhd, Brahm Group, Tata Steel Ltd, and Nava Ltd, are some of the leading companies operating in the Asia Pacific ferroalloys market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Asia Pacific Ferroalloys Market Landscape

• 4.1 Overview
• 4.2 Porters Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Intensity of Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers
  • 4.3.2 Ferroalloys Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 End-Use Industry

5. Asia Pacific Ferroalloys Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Rising Demand for Ferroalloys in Automotive Industry
  • 5.1.2 Rise in Infrastructure Development Investments by Government Bodies
• 5.2 Market Restraints
  • 5.2.1 Fluctuations in Raw Material Prices
• 5.3 Market Opportunities
  • 5.3.1 Growth in Global Aerospace & Defense Industry
• 5.4 Future Trends
  • 5.4.1 Growing Adoption of Superalloys
• 5.5 Impact of Drivers and Restraints:

6. Ferroalloys Market - Asia Pacific Analysis

• 6.1 Asia Pacific Ferroalloys Market Overview
• 6.2 Ferroalloys Market Volume (Thousand Tons), 2020-2031
• 6.3 Ferroalloys Market Volume Forecast and Analysis (Thousand Tons)
• 6.4 Ferroalloys Market Revenue (US$ Billion), 2020-2031
• 6.5 Ferroalloys Market Forecast and Analysis

7. Asia Pacific Ferroalloys Market Volume and Revenue Analysis - by Type

• 7.1 Ferrochrome
  • 7.1.1 Overview
  • 7.1.2 Ferrochrome: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
  • 7.1.3 Ferrochrome: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.2 Ferromanganese
  • 7.2.1 Overview
  • 7.2.2 Ferromanganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
  • 7.2.3 Ferromanganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.3 Ferro Silico Manganese
  • 7.3.1 Overview
  • 7.3.2 Ferro Silico Manganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
  • 7.3.3 Ferro Silico Manganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.4 Special Alloys
  • 7.4.1 Overview
  • 7.4.2 Special Alloys: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
  • 7.4.3 Special Alloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
  • 7.5.3 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)

8. Asia Pacific Ferroalloys Market Revenue Analysis - by Application

• 8.1 Steel Making
  • 8.1.1 Overview
  • 8.1.2 Steel Making: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.2 Wire Manufacturing
  • 8.2.1 Overview
  • 8.2.2 Wire Manufacturing: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.3 Welding Electrodes
  • 8.3.1 Overview
  • 8.3.2 Welding Electrodes: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.4 Superalloys
  • 8.4.1 Overview
  • 8.4.2 Superalloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
• 8.5 Others
  • 8.5.1 Overview
  • 8.5.2 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)

9. Asia Pacific Ferroalloys Market - Country Analysis

• 9.1 Asia Pacific Market Overview
  • 9.1.1 Asia Pacific Ferroalloys Market Breakdown, by Key Country, 2023 and 2031 (%)
    • 9.1.1.1 Asia Pacific Ferroalloys Market Volume and Forecast and Analysis - by Country
    • 9.1.1.2 Asia Pacific Ferroalloys Market Revenue and Forecast and Analysis -by Country
    • 9.1.1.3 Australia Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.3.1 Australia Ferroalloys Market Breakdown by Type
      • 9.1.1.3.2 Australia Ferroalloys Market Breakdown by Application
    • 9.1.1.4 China Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.4.1 China Ferroalloys Market Breakdown by Type
      • 9.1.1.4.2 China Ferroalloys Market Breakdown by Application
    • 9.1.1.5 India Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.5.1 India Ferroalloys Market Breakdown by Type
      • 9.1.1.5.2 India Ferroalloys Market Breakdown by Application
    • 9.1.1.6 Japan Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.6.1 Japan Ferroalloys Market Breakdown by Type
      • 9.1.1.6.2 Japan Ferroalloys Market Breakdown by Application
    • 9.1.1.7 South Korea Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.7.1 South Korea Ferroalloys Market Breakdown by Type
      • 9.1.1.7.2 South Korea Ferroalloys Market Breakdown by Application
    • 9.1.1.8 Rest of APAC Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
      • 9.1.1.8.1 Rest of APAC Ferroalloys Market Breakdown by Type
      • 9.1.1.8.2 Rest of APAC Ferroalloys Market Breakdown by Application

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players
• 10.2 Company Positioning & Concentration

11. Industry Landscape

• 11.1 Overview
• 11.2 Mergers and Acquisitions
• 11.3 Expansion
• 11.4 Partnerships and Collaborations

12. Company Profiles

• 12.1 Glencore Plc
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Products and Services
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 Jindal Stainless Ltd
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Products and Services
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 Ferro Alloys Corporation Limited (FACOR)
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Products and Services
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 Erdos Group
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Products and Services
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 Pertama Ferroalloys Sdn Bhd
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Products and Services
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 Brahm Group
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Products and Services
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments
• 12.7 Tata Steel Ltd
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Products and Services
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments
• 12.8 Nava Limited
  • 12.8.1 Key Facts
  • 12.8.2 Business Description
  • 12.8.3 Products and Services
  • 12.8.4 Financial Overview
  • 12.8.5 SWOT Analysis
  • 12.8.6 Key Developments

13. Appendix

• 13.1 About The Insight Partners