The Global Milled FerroSilicon Market size is projected to grow at a CAGR of 3.1% during the forecast period, due to growth in demand from major application areas such as metal recycling and mining. Increasing the use of ferrosilicon for welding applications will also fuel growth in this market. North America is the largest regional market for ferrosilicon with a share of more than 40%. The increasing adoption of renewable energy sources in Europe and the Asia Pacific region will provide opportunities for this market in these regions over the next few years.
A Milled FerroSilicon is a form of silicon that has been ground into small particles and whose surface has been roughened by prolonged exposure to the air. It can be used as an ingredient in steel production or to increase power output for electric arc furnaces. Milled ferrosilicon powder is also added during aluminum recycling as it helps separate out impurities from recycled metal, making it easier for manufacturers to extract pure alumina (aluminum oxide) from scrap material.
On the basis of Types, the market is segmented into 65D, 150D, 270D, and others.
65D Milled FerroSilicon is ferrosilicon with 65% silicon content. The name comes from the atomic weight of silicon (32) and the percentage of elemental silicon in the material, which is 65%. It can be used for all applications where 65D grades are appropriate but it cannot replace higher grades such as 150 or 270 because its melting point is lower than those materials' melting points.
The 150D Milled FerroSilicon is an alloy of iron, manganese, and silicon. This product can be used to make welding electrodes or for shielding gas in metalworking applications.
270D Milled FerroSilicon is a very special type of ferrosilicon that has the ability to be mixed with other materials such as aluminum and silicon without any reaction. This mixture can then be used for making alloys like AlSi, AlFe, or FeCr. These are commonly used in automobiles and the aerospace industry.
On the basis of Application, the market is segmented into Metal Recycling, Mining, and Welding Industries.
Ferrosilicon is a major component of the metal recycling process owing to its excellent welding properties. The use of ferrosilicons in the recycling process has increased due to their lower cost than traditional steel scrap; they are also easier to handle compared with other types of metal scraps.
Milled FerroSilicon is used in a variety of industries, including metal recycling, mining, and the welding industry. It provides strength and thermal stability to molten metals. Milled ferrosilicons are also widely used as flux agents for ferrous alloys such as steel or cast iron during melting because they dissolve oxides that form on these types of materials when melted.
Milled FerroSilicon is the most significant component of welding rods. The low-melting temperature helps welds adhere better and prevents them from becoming brittle as it cools, even at lower temperatures where other types may not be workable because they do not have good flow properties.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to have the largest share in the global market, by type. Increasing demand for metal recycling products and the welding industry worldwide are driving this growth trend. A major factor influencing product demand in North America is stricter environmental regulations that could increasingly drive costlier production methods such as milling process instead of smelting or silicon refining processes which can lead to increased use of Milled FerroSilicons.
The growth factors for MFS are high demand from various industries like Metal Recycling, Mining, and Welding industries due to its composition that contains iron oxide (FeO). Furthermore, the rising trend towards a green environment also drives consumers to prefer this product over other silicon materials because it releases fewer oxides into air and water, which are harmful to the environment.
Up Market Research published a new report titled “Milled FerroSilicon Sales Market research report which is segmented by Types (65D, 150D, 270D, Other), By Applications (Metal Recycling, Mining, Welding Industry), By Players/Companies DMS Powders, Westbrook Resources Ltd, Futong Industry, Exxaro, M & M Alloys, Imexsar, Anyang Xinchuang Metallurgy Material, Sinoferro”.
Report Attributes | Report Details |
Report Title | Milled FerroSilicon Sales Market Research Report |
By Type | 65D, 150D, 270D, Other |
By Application | Metal Recycling, Mining, Welding Industry |
By Companies | DMS Powders, Westbrook Resources Ltd, Futong Industry, Exxaro, M & M Alloys, Imexsar, Anyang Xinchuang Metallurgy Material, Sinoferro |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 236 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 65D, 150D, 270D, Other and By Application Metal Recycling, Mining, Welding Industry.
Some of the companies that are profiled in this report are:
Milled FerroSilicon Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Milled FerroSilicon Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Milled FerroSilicon Sales Market Report:
Some other reports from this category!