Europe Ferroalloys Market Forecast to 2031

At 7.0% CAGR, Europe Ferroalloys Market is Speculated to be Worth US$ 44.76 Billion by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe ferroalloys market was valued at US$ 26.13 billion in 2023 and is expected to reach US$ 44.76 billion by 2031, registering a CAGR of 7.0% from 2023 to 2031. Growth in global aerospace & defense industry and rising demand for ferroalloys in automotive industry are among the critical factors attributed to drive the Europe ferroalloys market growth.

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. According to the European Commission, the European Union established Horizon Europe in 2021, a research and innovation program with a total budget of ~US$ 103 billion, which includes aerospace research. Moreover, increased security risks and the need to enhance national border security have prompted governments of various countries to increase investments in defense and ballistic protection. For instance, the Ministry of Defense (India) published a report in 2022 stating its target of increasing defense production to US$ 22 billion by 2025. The report also revealed that the government started initiatives such as Innovations for Defense Excellence and Technology Development Fund to provide financial assistance for product innovations for the Armed Forces. Thus, the growth in the global aerospace & defense industry is expected to create lucrative opportunities for the ferroalloys market expansion during the forecast period.

On the contrary, fluctuations in raw material prices hamper the growth of Europe ferroalloys market.

Based on type, the Europe ferroalloys market is segmented into ferrochrome, ferromanganese, ferro silico manganese, special alloys, and others. The ferro silico manganese segment held 39.6% market share in 2023, amassing US$ 10.34 billion. It is projected to garner US$ 18.19 billion by 2031 to register 7.3% CAGR during 2023-2031.

In terms of application, the Europe ferroalloys market is categorized into steel making, wire manufacturing, welding electrodes, superalloys, and others. The steel making segment held 83.0% share of Europe ferroalloys market in 2023, amassing US$ 21.68 billion. It is anticipated to garner US$ 37.56 billion by 2031 to expand at 7.1% CAGR during 2023-2031.

By country, the Europe ferroalloys market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 44.7% share of Europe ferroalloys market in 2023. It was assessed at US$ 11.67 billion in 2023 and is likely to hit US$ 20.39 billion by 2031, registering a CAGR of 7.2% during 2023-2031.

Key players operating in the Europe ferroalloys market are Glencore Plc, Ferro Alloys Corp Ltd, Brahm Group, Tata Steel Ltd, and Nikopol Ferroalloys Plant, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe ferroalloys market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe ferroalloys market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe ferroalloys market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team 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. Europe 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. Europe 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 – Europe Analysis
6.1 Europe 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. Europe 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. Europe 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. Europe Ferroalloys Market – Country Analysis
9.1 Europe Market Overview
9.1.1 Europe Ferroalloys Market Breakdown, by Key Country, 2023 and 2031 (%)
9.1.1.1 Europe Ferroalloys Market Volume and Forecast and Analysis – by Country
9.1.1.2 Europe Ferroalloys Market Revenue and Forecast and Analysis -by Country
9.1.1.3 Germany Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.3.1 Germany Ferroalloys Market Breakdown by Type
9.1.1.3.2 Germany Ferroalloys Market Breakdown by Application
9.1.1.4 France Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.4.1 France Ferroalloys Market Breakdown by Type
9.1.1.4.2 France Ferroalloys Market Breakdown by Application
9.1.1.5 Italy Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.5.1 Italy Ferroalloys Market Breakdown by Type
9.1.1.5.2 Italy Ferroalloys Market Breakdown by Application
9.1.1.6 United Kingdom Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.6.1 United Kingdom Ferroalloys Market Breakdown by Type
9.1.1.6.2 United Kingdom Ferroalloys Market Breakdown by Application
9.1.1.7 Russia Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.7.1 Russia Ferroalloys Market Breakdown by Type
9.1.1.7.2 Russia Ferroalloys Market Breakdown by Application
9.1.1.8 Rest of Europe Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
9.1.1.8.1 Rest of Europe Ferroalloys Market Breakdown by Type
9.1.1.8.2 Rest of Europe 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 Ferro Alloys Corporation Limited (FACOR)
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 Brahm Group
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 Tata Steel Ltd
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 Nikopol Ferroalloy Plant
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
13. Appendix
13.1 About The Research Team

LIST OF TABLES

Table 1. Europe Ferroalloys Market Segmentation
Table 2. Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Table 3. Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Table 4. Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 5. Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 6. Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 7. Europe Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons) – by Country
Table 8. Europe Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Country
Table 9. Germany Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 10. Germany Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 11. Germany Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 12. France Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 13. France Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 14. France Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 15. Italy Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 16. Italy Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 17. Italy Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 18. United Kingdom Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 19. United Kingdom Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 20. United Kingdom Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 21. Russia Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 22. Russia Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 23. Russia Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application
Table 24. Rest of Europe Ferroalloys Market -Volume and Forecast to 2031 (Thousand Tons) – by Type
Table 25. Rest of Europe Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 26. Rest of Europe Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion) – by Application

LIST OF FIGURES

Figure 1. Europe Ferroalloys Market Segmentation, by Country
Figure 2. Ferroalloys Market Porter’s Analysis
Figure 3. Ecosystem: Ferroalloys Market
Figure 4. Ferroalloys Market – Key Market Dynamics
Figure 5. Global Electric Car Sales (2016-2023)
Figure 6. Fluctuations in Iron Ore Prices from January 2019 to April 2023
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. Ferroalloys Market Volume (Thousand Tons), 2020-2031
Figure 9. Ferroalloys Market Revenue (US$ Billion), 2020-2031
Figure 10. Ferroalloys Market Share (%) – Type, 2023 and 2031
Figure 11. Ferrochrome: Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Figure 12. Ferrochrome: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 13. Ferromanganese: Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Figure 14. Ferromanganese: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 15. Ferro Silico Manganese: Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Figure 16. Ferro Silico Manganese: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 17. Special Alloys: Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Figure 18. Special Alloys: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 19. Others: Ferroalloys Market – Volume and Forecast to 2031 (Thousand Tons)
Figure 20. Others: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 21. Ferroalloys Market Share (%) – Application, 2023 and 2031
Figure 22. Steel Making: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 23. Wire Manufacturing: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 24. Welding Electrodes: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 25. Superalloys: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 26. Others: Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 27. Europe Ferroalloys Market, by Key Country – Revenue (2023) (US$ Billion)
Figure 28. Europe Ferroalloys Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. Germany Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 30. France Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 31. Italy Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 32. United Kingdom Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 33. Russia Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 34. Rest of Europe Ferroalloys Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 35. Heat Map Analysis by Key Players
Figure 36. Company Positioning & Concentration