Deoxidization

Global Ferrosilicon Market Trajectory & Analytics Report 2021: U.S. Market is Estimated at $450.8 Million in 2021, While China is Forecast to Reach $6.5 Billion by 2026 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 5, 2021
Natural Resources, Manufacturing, Other Manufacturing, Steel, Mining, Minerals, Carbon, Inoculation theory, Steel, CAGR, Corrosion, Coke, Metal, Growth, Hardness, Iron, Risk, Deoxidization, COVID-19, Stainless steel, Silicon, Coal, Semiconductor, Iron ore, Pet

Growth in the global market is set to be driven by growing demand for ferrosilicon as an inoculant and deoxidizer across several end-use industries.

Key Points: 
  • Growth in the global market is set to be driven by growing demand for ferrosilicon as an inoculant and deoxidizer across several end-use industries.
  • Electrical steel, which is also known as silicon steel, utilizes considerable amount of ferrosilicon and silicon to enhance steel`s electrical properties such as resistivity.
  • The U.S. Market is Estimated at $450.8 Million in 2021, While China is Forecast to Reach $6.5 Billion by 2026
    The Ferrosilicon market in the U.S. is estimated at US$450.8 Million in the year 2021.
  • China, the world's second largest economy, is forecast to reach an estimated market size of US$6.5 Billion in the year 2026 trailing a CAGR of 3.4% through the analysis period.

Global FerroSilicon Market (2020 to 2025) - Growth, Trends, and Forecast - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 8, 2020
Chemicals, Plastics, Manufacturing, Chemistry, Physical sciences, Natural sciences, Ferroalloys, Ferrosilicon, Iron, Steelmaking, Dietary minerals, Reducing agents, Deoxidization, Silicon, Corrosion

Ferrosilicon has been majorly used as a deoxidizer in steel and as an inoculant in the casting industries because of its properties.

Key Points: 
  • Ferrosilicon has been majorly used as a deoxidizer in steel and as an inoculant in the casting industries because of its properties.
  • The properties of ferrosilicon include corrosion and abrasion resistance, high specific gravity, high strength, high magnetism, and hardness, high-temperature resistance.
  • More than 80% of ferrosilicon is consumed in the production of iron and steel.
  • The use of semiconductors in almost every electronic device has increased the demand for ferrosilicon in the production of semiconductors in recent years.