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Ferromanganese Market Growth, Future Prospects & Competitive Analysis, 2016 - 2022

Overview:

Ferromanganese was first found in the year 1872 by Lambart von Pantz. He produced ferromanganese in a blast furnace with high manganese content which was hardly possible. This achievement led the company with international recognition, along with a gold medal in Venna at 1873 World Exposition. The company also achieved a certificate of award at he Centennial Exposition in Pennsylvania in 1876.

Ferromanganese, a ferroalloy has high content of manganese is produced by mixture of Fe2O3 and MnO2 on heating with carbon in a blast furnace. In the furnace, these oxides go through carbothermal oxidation thereby producing a final product ferromanganese. Ferromanganese is widely used in steelmaking and foundry activities. About 30% of manganese used in steelmaking is used due to its properties as deoxidant and sulphide former. The remaining 70% manganese is purely used as an alloying element which provides key properties such as strength and toughness. Low carbon ferromanganese is used in the welding industry whereas high carbon ferromanganese is used in the steel industry for a wide range of applications.

Growing demand from the steel industry for ferromanganese is anticipated to fuel growth of global ferromanganese market. Manganese improves the workability, tensile strength, toughness, resistance to abrasion and hardness. Increasing constructional activities in the BRICS has led to high demand for steel. Hence, high demand is reported for ferromanganese from the steel industry. In addition, growing demand for ferromanganese from the welding industry is also one among the factors driving the growth of ferromanganese market. Increasing demand from the ally sector is also anticipated to contribute to the growth of global ferromanganese market. Hence, high demand for ferromanganese is reported from the steel industry and welding industry during the forecast period from 2015 to 2022.

The global ferromanganese market is segmented on the following bases: 

1.    End-Users

a.    Steel Industry

b.    Metallurgy

c.    Chemical Industry

d.    Others

2.    Geography

a.    North America

               i.    US

               ii.    Canada

b.    Europe

               i.    UK

               ii.    Germany

               iii.    France

               iv.    Rest of Europe

c.    Asia-Pacific (APAC)

               i.    Japan

               ii.    China

               iii.    India

               iv.    Rest of APAC

d.    Middle East and Africa (MEA)

               i.    South Africa

               ii.    Saudi Arabia

               iii.    Rest of MEA

e.    Latin America 

Key Players Identified for ferromanganese Market Include but are Not Limited to:

Monet Group, Gulf Minerals Corporation, Jiaocheng Yiwang Ferro Alloy Co. Ltd, Tata Steel Ltd. – Ferro Alloys and Steel Division, Calcutta Carbide Pvt. Ltd., Eurasian Natural Resources Corporation PLC, OM Holdings Ltd, Shanghai Shenjia Ferro Alloys Co. Ltd., ISPAT India and Sino Steel Jilin Ferro Alloy Corporation Ltd.

This report offers:

  • An overview of the global markets for ferromanganese market
  • Market trends assessment for the period 2014-2022, with historical information for 2014 & 2015, and projections through 2022, with respective CAGRS during 2016-2022
  • Qualitative assessment tools such as market drivers, challenges and future prospects, market attractiveness and positioning of key players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the ferromanganese market
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