Europe Ferroalloys Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Analysis - by Type (Ferrochrome, Ferromanganese, Ferro Silico Manganese, Special Alloys, and Others) and Application (Steel Making, Wire Manufacturing, Welding Electrodes, Superalloys, and Others)

No. of Pages: 130    |    Report Code: BMIRE00030835    |    Category: Chemicals and Materials

Available Report Formats

pdf-format excel-format pptx-format
Request Free Sample Buy Now
Europe Ferroalloys Market
Free Sample Buy Now

The Europe ferroalloys market was valued at US$ 26.13 billion in 2023 and is expected to reach US$ 44.76 billion by 2031; it is estimated to register a CAGR of 7.0% from 2023 to 2031.

Rise in Infrastructure Development Investments by Government Bodies Drive Europe Ferroalloys Market



Government-supported infrastructure projects involve building roads, dams, bridges, tunnels, ports, airport pavements, and highways. The growing investments from government organizations lead to a rise in infrastructure construction. According to the World Bank Organization, the total global infrastructure investment reached US$ 3.9 trillion annually, with the highest demands in emerging countries.

This represents 23% growth in 2022 compared to 2021, at an average growth rate of 4% during 2017-2021. In 2022, there has been a significant rebound in construction activities in developing countries with growing investment commitments post-COVID-19 pandemic.

In 2022, the Department for Transport of the UK announced the funding of US$ 34.83 million to develop net zero highways. Also, Poland is still investing a sizable amount of money in the advancement of transportation. Under the present EU funding system, the government intends to invest US$ 17.5 billion in railway infrastructure and US$ 36.6 billion in road infrastructure between 2014 and 2023 (with a view to 2025). Additionally, the construction project at the Stockholm metro extension is valued at US$ 3.35 billion, which is currently in construction phase and is expected to be completed by 2026. The project comprises the construction of a new track of 20 km and 11 new train stations.

Thus, the rising investments and efforts in infrastructure development by governments of numerous countries across the region drive the ferroalloys market.

Europe Ferroalloys Market Overview



The region is home to several major ferroalloy producers as well as consumers, making it an integral part of the ferroalloy trade. Ferroalloys play a crucial role in various sectors, such as automotive manufacturing, steel production, and construction. According to the International Trade Administration report published in 2022, increased investments in the automotive industry would create lucrative opportunities for businesses of automotive components and materials in Europe. Turkey marked the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2022. According to the European Commission, the construction industry is one of the major industries in Europe, contributing ~9% to the region's GDP. As per the European Commission, in June 2023, the EU invested ~US$ 6 billion in the construction of sustainable, safe, and efficient transport infrastructure, including 107 transport infrastructure projects. As per the European Construction Industry Federation, residential construction accounted for 20.6% of the total construction investments in Europe in 2022. According to the European Automobile Manufacturers' Association, the EU registered the production of more than 9 million cars in the first three quarters of 2023, a rise of 14% from the same quarter in 2022. According to the Committee of Associations of European Foundries-the European Foundry Association-Europe has more than 6,000 metal casting facilities, of which 70% of companies are small businesses. Steel manufacturing is a substantial consumer of ferroalloys, which include ferromanganese, ferrosilicon, and ferrochrome. These alloys impart desirable properties to steel, such as strength, hardness, and corrosion resistance, making them essential for producing high-quality steel products used in infrastructure and machinery production. Therefore, developments in the steel, construction, and automotive industries in Europe drive the demand for ferroalloys.

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

Europe Ferroalloys Market Revenue and Forecast to 2031 (US$ Billion)
Get more information on this report

Europe Ferroalloys Strategic Insights

Strategic insights for the Europe Ferroalloys provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/europe-ferroalloys-market-strategic-framework.webp
Get more information on this report

Europe Ferroalloys Report Scope

Report Attribute Details
Market size in 2023 US$ 26.13 Billion
Market Size by 2031 US$ 44.76 Billion
Global CAGR (2023 - 2031) 7.0%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Ferrochrome
  • Ferromanganese
  • Ferro Silico Manganese
  • Special Alloys
By Application
  • Steel Making
  • Wire Manufacturing
  • Welding Electrodes
  • Superalloys
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Glencore Plc
  • Ferro Alloys Corp Ltd
  • Brahm Group
  • Tata Steel Ltd
  • Nikopol Ferroalloys Plant
    		•
    Get more information on this report

    Europe Ferroalloys Regional Insights

    The geographic scope of the Europe Ferroalloys refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/europe-ferroalloys-market-geography.webp
    Get more information on this report



    Europe Ferroalloys Market Segmentation



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

    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 the largest market share in 2023.

    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 the largest market share in 2023.

    By country, the Europe ferroalloys market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe ferroalloys market share in 2023.

    Glencore Plc, Ferro Alloys Corp Ltd, Brahm Group, Tata Steel Ltd, and Nikopol Ferroalloys Plant, are some of the leading companies operating in the Europe ferroalloys market.

    Identical Market Reports with other Region/Countries

    The List of Companies - Europe Ferroalloys Market

    1. Glencore Plc
    2. Ferro Alloys Corp Ltd
    3. Brahm Group
    4. Tata Steel Ltd
    5. Nikopol Ferroalloys Plant
    Frequently Asked Questions
    How big is the Europe Ferroalloys Market?

    The Europe Ferroalloys Market is valued at US$ 26.13 Billion in 2023, it is projected to reach US$ 44.76 Billion by 2031.

    What is the CAGR for Europe Ferroalloys Market by (2023 - 2031)?

    As per our report Europe Ferroalloys Market, the market size is valued at US$ 26.13 Billion in 2023, projecting it to reach US$ 44.76 Billion by 2031. This translates to a CAGR of approximately 7.0% during the forecast period.

    What segments are covered in this report?

    The Europe Ferroalloys Market report typically cover these key segments-

  • Type (Ferrochrome, Ferromanganese, Ferro Silico Manganese, Special Alloys)
  • Application (Steel Making, Wire Manufacturing, Welding Electrodes, Superalloys)

    • What is the historic period, base year, and forecast period taken for Europe Ferroalloys Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Ferroalloys Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2031
    • Who are the major players in Europe Ferroalloys Market?

    The Europe Ferroalloys Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Glencore Plc
  • Ferro Alloys Corp Ltd
  • Brahm Group
  • Tata Steel Ltd
  • Nikopol Ferroalloys Plant
    • Who should buy this report?

    The Europe Ferroalloys Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Ferroalloys Market value chain can benefit from the information contained in a comprehensive market report.

    europe-ferroalloys-market