1	INTRODUCTION	28 
1.1	STUDY OBJECTIVES	28 
1.2	MARKET DEFINITION	28 
1.2.1	INCLUSIONS AND EXCLUSIONS	28 
1.3	STUDY SCOPE	29 
FIGURE 1	FERROSILICON MARKET SEGMENTATION	29 
1.4	REGIONS COVERED	29 
1.5	YEARS CONSIDERED	30 
1.6	CURRENCY CONSIDERED	30 
1.7	UNITS CONSIDERED	30 
1.8	STAKEHOLDERS	30 
1.9	SUMMARY OF CHANGES	31 
2	RESEARCH METHODOLOGY	32 
2.1	RESEARCH DATA	32 
FIGURE 2	FERROSILICON MARKET: RESEARCH DESIGN	32 
2.1.1	SECONDARY DATA	33 
2.1.1.1	Key data from secondary sources	33 
2.1.2	PRIMARY DATA	34 
2.1.2.1	Key data from primary sources	34 
2.1.2.2	Key primary sources	34 
2.1.2.3	Key industry insights	35 
2.1.2.4	Breakdown of primary interviews	35 
2.2	MARKET SIZE ESTIMATION	36 
2.2.1	BOTTOM-UP APPROACH	36 
FIGURE 3	FERROSILICON MARKET: BOTTOM-UP APPROACH	36 
2.2.2	TOP-DOWN APPROACH	37 
FIGURE 4	FERROSILICON MARKET: TOP-DOWN APPROACH	37 
2.3	DATA TRIANGULATION	37 
FIGURE 5	FERROSILICON MARKET: DATA TRIANGULATION	38 
2.4	FACTOR ANALYSIS	38 
2.5	ASSUMPTIONS	39 
2.6	LIMITATIONS AND RISKS	39 
2.7	RECESSION IMPACT	39 
  
3	EXECUTIVE SUMMARY	41 
FIGURE 6	DEOXIDIZER SEGMENT TO DOMINATE DURING FORECAST PERIOD	41 
FIGURE 7	CARBON & OTHER ALLOY STEEL TO LEAD MARKET DURING FORECAST PERIOD	42 
FIGURE 8	ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING  FORECAST PERIOD	42 
4	PREMIUM INSIGHTS	44 
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FERROSILICON MARKET	44 
FIGURE 9	HIGH GROWTH POTENTIAL IN ASIA PACIFIC TO DRIVE MARKET	44 
4.2	ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY AND COUNTRY	45 
FIGURE 10	BUILDING & CONSTRUCTION SEGMENT AND CHINA ACCOUNTED FOR LARGEST MARKET SIZE	45 
4.3	FERROSILICON MARKET, BY APPLICATION	45 
FIGURE 11	DEOXIDIZERS TO LEAD MARKET DURING FORECAST PERIOD	45 
4.4	FERROSILICON MARKET, BY END-USE INDUSTRY	46 
FIGURE 12	CARBON & OTHER ALLOY STEEL TO DOMINATE MARKET DURING FORECAST PERIOD	46 
4.5	FERROSILICON MARKET, BY KEY COUNTRY	46 
FIGURE 13	INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD	46 
5	MARKET OVERVIEW	47 
5.1	INTRODUCTION	47 
5.2	MARKET DYNAMICS	47 
FIGURE 14	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN FERROSILICON MARKET	47 
5.2.1	DRIVERS	48 
5.2.1.1	High demand for steel in automotive, construction, and manufacturing sectors	48 
TABLE 1	WORLD CRUDE STEEL PRODUCTION, 1950–2021 (MILLION TONS)	48 
TABLE 2	MAJOR CRUDE STEEL PRODUCTION (MILLION TONS)	49 
5.2.1.2	Increasing focus on renewable energy to reduce carbon emissions	50 
5.2.2	RESTRAINTS	50 
5.2.2.1	Stringent environmental regulations	50 
5.2.3	OPPORTUNITIES	51 
5.2.3.1	Rapid industrialization and infrastructure development in emerging markets	51 
5.2.3.2	Shift toward electric vehicles from internal combustion engines	51 
5.2.4	CHALLENGES	51 
5.2.4.1	Fluctuating raw material costs	51 
5.3	VALUE CHAIN ANALYSIS	52 
FIGURE 15	FERROSILICON MARKET: VALUE CHAIN ANALYSIS	52 
5.3.1	RAW MATERIAL SUPPLIERS	52 
5.3.2	MANUFACTURERS	52 
5.3.3	DISTRIBUTORS	53 
5.3.4	END USERS	53 
5.4	PORTER’S FIVE FORCES ANALYSIS	53 
FIGURE 16	FERROSILICON MARKET: PORTER’S FIVE FORCES ANALYSIS	53 
5.4.1	THREAT OF NEW ENTRANTS	54 
5.4.2	THREAT OF SUBSTITUTES	54 
5.4.3	BARGAINING POWER OF SUPPLIERS	54 
5.4.4	BARGAINING POWER OF BUYERS	54 
5.4.5	INTENSITY OF COMPETITIVE RIVALRY	55 
TABLE 3	FERROSILICON MARKET: PORTER’S FIVE FORCES ANALYSIS	55 
5.5	PATENT ANALYSIS	55 
5.5.1	METHODOLOGY	55 
5.5.2	DOCUMENT TYPES	56 
FIGURE 17	GRANTED PATENTS	56 
5.5.3	PUBLICATION TRENDS	56 
FIGURE 18	PUBLICATION TRENDS IN LAST 10 YEARS	56 
5.5.4	INSIGHTS	57 
5.5.5	JURISDICTION ANALYSIS	57 
5.5.6	TOP 10 APPLICANTS	57 
TABLE 4	TOP 10 PATENT OWNERS IN LAST 10 YEARS	58 
5.6	PRICING ANALYSIS	58 
5.6.1	AVERAGE SELLING PRICE, BY REGION	58 
FIGURE 19	AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)	58 
5.6.2	AVERAGE SELLING PRICE, BY END-USE INDUSTRY	59 
FIGURE 20	AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY  (USD/KG)	59 
5.6.3	AVERAGE SELLING PRICE, BY APPLICATION	59 
TABLE 5	AVERAGE SELLING PRICE TREND, BY APPLICATION (USD/KG)	59 
5.7	ECOSYSTEM/MARKET MAP	60 
FIGURE 21	FERROSILICON ECOSYSTEM	60 
TABLE 6	FERROSILICON: ECOSYSTEM	60 
5.8	TECHNOLOGY ANALYSIS	61 
5.8.1	NANO-STRUCTURED FERROSILICON	61 
5.8.2	LOW-CARBON FERROSILICON	61 
5.9	TRADE ANALYSIS	61 
5.9.1	IMPORT SCENARIO OF FERRO-ALLOYS	61 
TABLE 7	IMPORT TRADE DATA OF TOP COUNTRIES, 2020–2022 (USD THOUSAND)	61 
5.9.2	EXPORT SCENARIO OF FERRO-ALLOYS	62 
TABLE 8	EXPORT TRADE DATA OF TOP COUNTRIES, 2020–2022 (USD THOUSAND)	62 
5.10	MACROECONOMIC INDICATORS	63 
5.10.1	GDP TRENDS AND FORECAST	63 
TABLE 9	PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY  COUNTRIES, 2018–2025	63 
5.10.2	TRENDS IN AUTOMOTIVE INDUSTRY	64 
TABLE 10	VEHICLE PRODUCTION STATISTICS, BY COUNTRY, 2021–2022 (UNITS)	64 
5.11	TARIFF & REGULATORY LANDSCAPE	65 
5.11.1	NORTH AMERICA	65 
5.11.2	ASIA PACIFIC	65 
5.11.3	EUROPE	66 
5.11.4	MIDDLE EAST, AFRICA, & SOUTH AMERICA	66 
5.11.5	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	67 
TABLE 11	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	67 
5.12	KEY CONFERENCES & EVENTS IN 2023–2024	67 
TABLE 12	FERROSILICON MARKET: KEY CONFERENCES & EVENTS, 2023–2024	67 
5.13	KEY STAKEHOLDERS & BUYING CRITERIA	69 
5.13.1	KEY STAKEHOLDERS IN BUYING PROCESS	69 
TABLE 13	INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS	69 
5.13.2	BUYING CRITERIA	69 
5.13.2.1	Quality	69 
5.13.2.2	Service	69 
FIGURE 22	SUPPLIER SELECTION CRITERION	70 
5.14	CASE STUDY ANALYSIS	70 
5.14.1	MECHANICAL PROPERTIES OF ULTRA-HIGH-STRENGTH CONCRETE	70 
5.15	TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS	71 
FIGURE 23	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS IN  FERROSILICON MARKET	71 
6	FERROSILICON MARKET, BY TYPE	72 
6.1	INTRODUCTION	72 
6.2	ATOMIZED FERROSILICON	72 
6.3	MILLED FERROSILICON	72 
7	FERROSILICON MARKET, BY APPLICATION	73 
7.1	INTRODUCTION	74 
FIGURE 24	DEOXIDIZER APPLICATION TO DOMINATE MARKET BETWEEN 2023 AND 2028	74 
TABLE 14	FERROSILICON MARKET, BY APPLICATION, 2019–2022 (KILOTON)	74 
TABLE 15	FERROSILICON MARKET, BY APPLICATION, 2023–2028 (KILOTON)	74 
TABLE 16	FERROSILICON MARKET, BY APPLICATION, 2019–2022 (USD MILLION)	75 
TABLE 17	FERROSILICON MARKET, BY APPLICATION, 2023–2028 (USD MILLION)	75 
7.2	DEOXIDIZERS	75 
7.2.1	HIGH STRENGTH AND DURABILITY TO DRIVE MARKET	75 
  
7.3	INOCULANTS	76 
7.3.1	GOOD TENSILE STRENGTH AND RESILIENCE TO FUEL MARKET	76 
7.4	OTHER APPLICATIONS	76 
8	FERROSILICON MARKET, BY END-USE INDUSTRY	77 
8.1	INTRODUCTION	78 
FIGURE 25	CARBON & OTHER ALLOY STEEL TO DOMINATE FERROSILICON MARKET BETWEEN 2023 AND 2028	78 
TABLE 18	FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	78 
TABLE 19	FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	79 
TABLE 20	FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	79 
TABLE 21	FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	79 
8.2	CARBON & OTHER ALLOY STEEL	80 
8.3	STAINLESS STEEL	80 
8.4	ELECTRIC STEEL	81 
8.5	CAST IRON	81 
8.6	OTHER END-USE INDUSTRIES	81 
9	FERROSILICON MARKET, BY REGION	82 
9.1	INTRODUCTION	83 
FIGURE 26	INDIA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD	83 
TABLE 22	FERROSILICON MARKET, BY REGION, 2019–2022 (KILOTON)	83 
TABLE 23	FERROSILICON MARKET, BY REGION, 2023–2028 (KILOTON)	84 
TABLE 24	FERROSILICON MARKET, BY REGION, 2019–2022 (USD MILLION)	84 
TABLE 25	FERROSILICON MARKET, BY REGION, 2023–2028 (USD MILLION)	84 
9.2	ASIA PACIFIC	85 
FIGURE 27	ASIA PACIFIC: FERROSILICON MARKET SNAPSHOT	85 
TABLE 26	ASIA PACIFIC: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (KILOTON)	86 
TABLE 27	ASIA PACIFIC: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (KILOTON)	86 
TABLE 28	ASIA PACIFIC: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	86 
TABLE 29	ASIA PACIFIC: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	87 
TABLE 30	ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	87 
TABLE 31	ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	87 
TABLE 32	ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	88 
TABLE 33	ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	88 
9.2.1	RECESSION IMPACT	88 
  
9.2.2	CHINA	89 
9.2.2.1	Rapid industrialization and urbanization to drive market	89 
TABLE 34	CHINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	89 
TABLE 35	CHINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	90 
TABLE 36	CHINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	90 
TABLE 37	CHINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	90 
9.2.3	JAPAN	90 
9.2.3.1	Growth of tourism industry to drive market	90 
TABLE 38	JAPAN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	91 
TABLE 39	JAPAN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	91 
TABLE 40	JAPAN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	92 
TABLE 41	JAPAN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	92 
9.2.4	INDIA	92 
9.2.4.1	Rise in government infrastructure projects to fuel market	92 
TABLE 42	INDIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	93 
TABLE 43	INDIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	93 
TABLE 44	INDIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	93 
TABLE 45	INDIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	94 
9.2.5	SOUTH KOREA	94 
9.2.5.1	Growth of automotive sector to boost market	94 
TABLE 46	SOUTH KOREA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	95 
TABLE 47	SOUTH KOREA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	95 
TABLE 48	SOUTH KOREA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	95 
TABLE 49	SOUTH KOREA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	96 
9.2.6	REST OF ASIA PACIFIC	96 
TABLE 50	REST OF ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	96 
TABLE 51	REST OF ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	97 
  
TABLE 52	REST OF ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	97 
TABLE 53	REST OF ASIA PACIFIC: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	97 
9.3	EUROPE	98 
FIGURE 28	EUROPE: FERROSILICON MARKET SNAPSHOT	98 
TABLE 54	EUROPE: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (KILOTON)	99 
TABLE 55	EUROPE: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (KILOTON)	99 
TABLE 56	EUROPE: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	99 
TABLE 57	EUROPE: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	100 
TABLE 58	EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	100 
TABLE 59	EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	100 
TABLE 60	EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	101 
TABLE 61	EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	101 
9.3.1	RECESSION IMPACT	101 
9.3.2	GERMANY	101 
9.3.2.1	Export-driven economy to drive market	101 
TABLE 62	GERMANY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	102 
TABLE 63	GERMANY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	102 
TABLE 64	GERMANY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	102 
TABLE 65	GERMANY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	103 
9.3.3	UK	103 
9.3.3.1	Rise in passenger vehicles to fuel demand for ferrosilicon	103 
TABLE 66	UK: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	103 
TABLE 67	UK: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	104 
TABLE 68	UK: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	104 
TABLE 69	UK: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	104 
9.3.4	FRANCE	105 
9.3.4.1	Construction of Olympic Village and sports centers to drive market	105 
TABLE 70	FRANCE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	105 
TABLE 71	FRANCE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	105 
TABLE 72	FRANCE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	106 
TABLE 73	FRANCE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	106 
9.3.5	ITALY	106 
9.3.5.1	Government investments in public infrastructure to fuel market	106 
TABLE 74	ITALY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	107 
TABLE 75	ITALY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	107 
TABLE 76	ITALY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	107 
TABLE 77	ITALY: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	108 
9.3.6	SPAIN	108 
9.3.6.1	Increase in residential projects to drive market	108 
TABLE 78	SPAIN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	108 
TABLE 79	SPAIN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	109 
TABLE 80	SPAIN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	109 
TABLE 81	SPAIN: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	109 
9.3.7	RUSSIA	109 
9.3.7.1	Presence of abundant mineral resources to fuel market	109 
TABLE 82	RUSSIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	110 
TABLE 83	RUSSIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	110 
TABLE 84	RUSSIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	110 
TABLE 85	RUSSIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	111 
9.3.8	REST OF EUROPE	111 
TABLE 86	REST OF EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	111 
TABLE 87	REST OF EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	112 
TABLE 88	REST OF EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	112 
TABLE 89	REST OF EUROPE: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	112 
9.4	NORTH AMERICA	113 
FIGURE 29	NORTH AMERICA: MARKET SNAPSHOT	113 
TABLE 90	NORTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (KILOTON)	114 
TABLE 91	NORTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (KILOTON)	114 
TABLE 92	NORTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	114 
TABLE 93	NORTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	114 
TABLE 94	NORTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	115 
TABLE 95	NORTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	115 
TABLE 96	NORTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	115 
TABLE 97	NORTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	116 
9.4.1	RECESSION IMPACT	116 
9.4.2	US	116 
9.4.2.1	Growth of construction and automotive sectors to boost market	116 
TABLE 98	US: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	117 
TABLE 99	US: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	117 
TABLE 100	US: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	117 
TABLE 101	US: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	118 
9.4.3	CANADA	118 
9.4.3.1	Construction of skyscrapers and commercial hubs to drive market	118 
TABLE 102	CANADA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	118 
TABLE 103	CANADA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	119 
TABLE 104	CANADA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	119 
TABLE 105	CANADA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	119 
9.4.4	MEXICO	120 
9.4.4.1	Technological advancements in construction activities to drive demand for ferrosilicon products	120 
TABLE 106	MEXICO: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	120 
TABLE 107	MEXICO: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	120 
TABLE 108	MEXICO: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	121 
TABLE 109	MEXICO: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	121 
9.5	SOUTH AMERICA	121 
TABLE 110	SOUTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (KILOTON)	121 
TABLE 111	SOUTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (KILOTON)	122 
TABLE 112	SOUTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	122 
TABLE 113	SOUTH AMERICA: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	122 
TABLE 114	SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	122 
TABLE 115	SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	123 
TABLE 116	SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	123 
TABLE 117	SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	123 
9.5.1	RECESSION IMPACT	124 
9.5.2	BRAZIL	124 
9.5.2.1	High demand for iron and steel to boost market	124 
TABLE 118	BRAZIL: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	124 
TABLE 119	BRAZIL: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	125 
TABLE 120	BRAZIL: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	125 
TABLE 121	BRAZIL: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	125 
9.5.3	ARGENTINA	126 
9.5.3.1	Rapid urbanization and population growth to drive market	126 
TABLE 122	ARGENTINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	126 
TABLE 123	ARGENTINA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	126 
TABLE 124	ARGENTINA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	127 
TABLE 125	ARGENTINA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	127 
9.5.4	REST OF SOUTH AMERICA	127 
TABLE 126	REST OF SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	127 
TABLE 127	REST OF SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	128 
TABLE 128	REST OF SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	128 
TABLE 129	REST OF SOUTH AMERICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	128 
9.6	MIDDLE EAST & AFRICA	129 
TABLE 130	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY COUNTRY, 2019–2022 (KILOTON)	129 
TABLE 131	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY COUNTRY, 2023–2028 (KILOTON)	129 
TABLE 132	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY COUNTRY,  2019–2022 (USD MILLION)	129 
TABLE 133	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY COUNTRY,  2023–2028 (USD MILLION)	130 
TABLE 134	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (KILOTON)	130 
TABLE 135	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (KILOTON)	130 
TABLE 136	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	131 
TABLE 137	MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	131 
9.6.1	RECESSION IMPACT	131 
9.6.2	SAUDI ARABIA	131 
9.6.2.1	Development in real estate sector to fuel demand for ferrosilicon	131 
TABLE 138	SAUDI ARABIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	132 
TABLE 139	SAUDI ARABIA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	132 
TABLE 140	SAUDI ARABIA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	132 
TABLE 141	SAUDI ARABIA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	133 
9.6.3	UAE	133 
9.6.3.1	High disposable incomes and penchant for luxury vehicles to drive market	133 
TABLE 142	UAE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	133 
TABLE 143	UAE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	134 
TABLE 144	UAE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	134 
TABLE 145	UAE: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	134 
9.6.4	SOUTH AFRICA	135 
9.6.4.1	Increased private investment in transport and retail industry to boost market	135 
TABLE 146	SOUTH AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	135 
TABLE 147	SOUTH AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	135 
TABLE 148	SOUTH AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2019–2022 (USD MILLION)	136 
TABLE 149	SOUTH AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY,  2023–2028 (USD MILLION)	136 
9.6.5	REST OF MIDDLE EAST & AFRICA	136 
TABLE 150	REST OF MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)	136 
TABLE 151	REST OF MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	137 
TABLE 152	REST OF MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)	137 
TABLE 153	REST OF MIDDLE EAST & AFRICA: FERROSILICON MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	137 
10	COMPETITIVE LANDSCAPE	138 
10.1	KEY PLAYER STRATEGIES/RIGHT TO WIN	138 
FIGURE 30	OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS BETWEEN  2018 AND 2023	138 
10.2	REVENUE ANALYSIS	139 
TABLE 154	FERROSILICON MARKET: REVENUE ANALYSIS (USD)	139 
10.3	MARKET SHARE ANALYSIS	139 
10.3.1	RANKING OF KEY MARKET PLAYERS	139 
FIGURE 31	RANKING OF TOP FIVE PLAYERS IN FERROSILICON MARKET, 2022	139 
10.3.2	MARKET SHARE OF KEY PLAYERS	140 
FIGURE 32	FERROSILICON MARKET SHARE, BY COMPANY, 2022	140 
TABLE 155	FERROSILICON MARKET: DEGREE OF COMPETITION	140 
10.4	COMPANY EVALUATION MATRIX	141 
10.4.1	STARS	141 
10.4.2	EMERGING LEADERS	141 
10.4.3	PERVASIVE PLAYERS	142 
10.4.4	PARTICIPANTS	142 
FIGURE 33	FERROSILICON MARKET: COMPANY EVALUATION MATRIX, 2022	142 
10.4.5	COMPANY FOOTPRINT	143 
TABLE 156	COMPANY END-USE INDUSTRY FOOTPRINT	143 
TABLE 157	COMPANY REGION FOOTPRINT	144 
10.5	START-UP/SME EVALUATION MATRIX	145 
10.5.1	PROGRESSIVE COMPANIES	145 
10.5.2	RESPONSIVE COMPANIES	145 
10.5.3	DYNAMIC COMPANIES	145 
10.5.4	STARTING BLOCKS	145 
FIGURE 34	FERROSILICON MARKET: START-UP/SME EVALUATION MATRIX, 2022	146 
10.5.5	COMPETITIVE BENCHMARKING	146 
TABLE 158	COMPANIES IN FERROSILICON MARKET	146 
10.6	COMPETITIVE SCENARIO AND TRENDS	148 
10.6.1	DEALS	148 
TABLE 159	DEALS, 2018—2023	148 
10.6.2	OTHERS	148 
TABLE 160	OTHERS, 2018–2023	148 
  
11	COMPANY PROFILES	149 
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)* 
11.1	KEY PLAYERS	149 
11.1.1	ELKEM	149 
TABLE 161	ELKEM: COMPANY OVERVIEW	149 
FIGURE 35	ELKEM: COMPANY SNAPSHOT	150 
TABLE 162	ELKEM: PRODUCTS OFFERED	150 
TABLE 163	ELKEM: DEALS	151 
TABLE 164	ELKEM: OTHERS	151 
11.1.2	RFA INTERNATIONAL	152 
TABLE 165	RFA INTERNATIONAL: COMPANY OVERVIEW	152 
TABLE 166	RFA INTERNATIONAL: PRODUCTS OFFERED	152 
11.1.3	DMS POWDERS	153 
TABLE 167	DMS POWDERS: COMPANY OVERVIEW	153 
TABLE 168	DMS POWDERS: PRODUCTS OFFERED	153 
11.1.4	FERROGLOBE PLC	155 
TABLE 169	FERROGLOBE PLC: COMPANY OVERVIEW	155 
FIGURE 36	FERROGLOBE PLC: COMPANY SNAPSHOT	155 
TABLE 170	FERROGLOBE PLC: PRODUCTS OFFERED	156 
TABLE 171	FERROGLOBE PLC: DEALS	156 
TABLE 172	FERROGLOBE PLC: OTHERS	156 
11.1.5	EURASIAN RESOURCES GROUP	158 
TABLE 173	EURASIAN RESOURCES GROUP: COMPANY OVERVIEW	158 
TABLE 174	EURASIAN RESOURCES GROUP: PRODUCTS OFFERED	158 
TABLE 175	EURASIAN RESOURCES GROUP: OTHERS	158 
11.1.6	FENG ERDA GROUP	160 
TABLE 176	FENG ERDA GROUP: COMPANY OVERVIEW	160 
TABLE 177	FENG ERDA GROUP: PRODUCTS OFFERED	160 
11.1.7	FINNFJORD AS	161 
TABLE 178	FINNFJORD AS: COMPANY OVERVIEW	161 
TABLE 179	FINNFJORD AS: PRODUCTS OFFERED	161 
11.1.8	MECHEL PAO	162 
TABLE 180	MECHEL PAO: COMPANY OVERVIEW	162 
TABLE 181	MECHEL PAO: PRODUCTS OFFERED	162 
TABLE 182	MECHEL PAO: OTHERS	162 
11.1.9	OM HOLDINGS LTD.	164 
TABLE 183	OM HOLDINGS LTD.: COMPANY OVERVIEW	164 
FIGURE 37	OM HOLDINGS LTD.: COMPANY SNAPSHOT	164 
TABLE 184	OM HOLDINGS LTD.: PRODUCTS OFFERED	165 
  
11.1.10	MAITHAN ALLOYS LTD.	166 
TABLE 185	MAITHAN ALLOYS LTD.: COMPANY OVERVIEW	166 
FIGURE 38	MAITHAN ALLOYS LTD.: COMPANY SNAPSHOT	166 
TABLE 186	MAITHAN ALLOYS LTD.: PRODUCTS OFFERED	167 
11.2	OTHER PLAYERS	168 
11.2.1	SINOGU	168 
TABLE 187	SINOGU: COMPANY OVERVIEW	168 
11.2.2	IMFA	168 
TABLE 188	IMFA: COMPANY OVERVIEW	168 
11.2.3	JAYESH GROUP	169 
TABLE 189	JAYESH GROUP: COMPANY OVERVIEW	169 
11.2.4	WESTBROOK RESOURCES LIMITED	169 
TABLE 190	WESTBROOK RESOURCES LIMITED: COMPANY OVERVIEW	169 
11.2.5	RHODIUM FERROALLOYS PVT LTD	170 
TABLE 191	RHODIUM FERROALLOYS PVT LTD: COMPANY OVERVIEW	170 
11.2.6	XINLONGSEN METALLURGICAL MATERIAL CO., LTD.	170 
TABLE 192	XINLONGSEN METALLURGICAL MATERIAL CO., LTD.: COMPANY OVERVIEW	170 
11.2.7	ANYANG XINYI ALLOY CO., LTD.	170 
TABLE 193	ANYANG XINYI ALLOY CO., LTD.: COMPANY OVERVIEW	170 
11.2.8	OFZ, A.S.	171 
TABLE 194	OFZ, A.S.: COMPANY OVERVIEW	171 
11.2.9	HENAN STAR METALLURGY MATERIAL CO., LTD.	171 
TABLE 195	HENAN STAR METALLURGY MATERIAL CO., LTD.: COMPANY OVERVIEW	171 
11.2.10	ZHENXIN	172 
TABLE 196	ZHENXIN: COMPANY OVERVIEW	172 
11.2.11	ANYANG LISHI INDUSTRIAL CO., LTD.	172 
TABLE 197	ANYANG LISHI INDUSTRIAL CO., LTD.: COMPANY OVERVIEW	172 
11.2.12	TIANJIN KAICHUANG METAL MATERIALS CO., LTD.	173 
TABLE 198	TIANJIN KAICHUANG METAL MATERIALS CO., LTD.: COMPANY OVERVIEW	173 
11.2.13	ZAPOROZHSKY FERROALLOY PLANT	173 
TABLE 199	ZAPOROZHSKY FERROALLOY PLANT: COMPANY OVERVIEW	173 
11.2.14	HUTA ŁAZISKA SA	173 
TABLE 200	HUTA ŁAZISKA SA: COMPANY OVERVIEW	173 
11.2.15	PERTAMA FERROALLOYS SDN BHD	174 
TABLE 201	PERTAMA FERROALLOYS SDN BHD: COMPANY OVERVIEW	174 
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 
  
12	APPENDIX	175 
12.1	DISCUSSION GUIDE	175 
12.2	KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL	177 
12.3	CUSTOMIZATION OPTIONS	179 
12.4	RELATED REPORTS	179 
12.5	AUTHOR DETAILS	180 
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