Ferroalloys Market Size Worth $69.0 Billion By 2027 | CAGR: 5.5%: Grand View Research, Inc.
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Tuesday, August 11, 2020
SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.
Key Points:
- SAN FRANCISCO, Aug. 11, 2020 /PRNewswire/ -- The global ferroalloys market size is projectedto reach USD 69.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5%over the forecast period.
- The increasing production of steel in the Asia Pacific, on account of rising construction activities in the region, is a significant factor influencing the global market growth.
- Ferromanganese, ferro silicomanganese, ferrochrome, and ferrosilicon are the principal ferroalloys that are commonly used in the industry as principal inputs for steel manufacturing.
- Grand View Research has segmented the global ferroalloys market on the basis of product, application, and region: