Global Atomized Ferrosilicon Market to Reach USD 80.53 Million by 2030 | CAGR of 4.3%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Atomized Ferrosilicon Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Atomized Ferrosilicon Market size was valued at USD 57.59 Million in 2022 and is projected to reach USD 80.53 Million by 2030, growing at a CAGR of 4.3% from 2023 to 2030. Atomized ferrosilicon is a type of ferrosilicon alloy used across various industries for its high specific gravity, corrosion resistance, and ability to facilitate processes like dense medium separation (DMS). The powder is created by atomizing molten ferrosilicon, resulting in spherical particles that are highly effective in applications such as mining, metallurgy, and semiconductor processing.
The report comprises the Atomized Ferrosilicon Market Share, Size & Industry Analysis, By Type (Coarse Atomized FeSi, Fine Atomized FeSi, Extra Fine Atomized FeSi), By Application (Metallurgy Processing, Diamond Processing, Semiconductor Processing, Mining, Welding, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Atomized Ferrosilicon Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increased demand for magnesium and metal processing and rising mining activities are driving market growth, while fluctuations in steel production present restraints.
Segmental Analysis :
Based on type, the market is segmented into coarse atomized FeSi, fine atomized FeSi, and extra fine atomized FeSi.
- Fine atomized FeSi accounted for the largest revenue share in 2022 at 58.5%, driven by its use in alloy manufacturing due to properties such as corrosion resistance, hardness, and magnetic strength.
- Extra fine atomized FeSi is expected to grow at the fastest CAGR, with rising demand in semiconductor processing and precision applications.
Based on application, the market includes metallurgy processing, diamond processing, semiconductor processing, mining, welding, and others.
- Metallurgy processing dominated the market in 2022, driven by its use in refining and purifying metals like steel, aluminum, and magnesium. The increased focus on metal recycling, especially in developing countries, has further boosted demand.
- Mining is projected to grow at the fastest rate, driven by the increasing need for dense medium separation in mineral extraction and separation.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific held the largest market share at 35.55% in 2022, with China accounting for the highest revenue. This region benefits from strong demand in the semiconductor, metal processing, and mining industries.
- North America is expected to grow significantly, driven by investment in the mining and construction sectors, as well as the growing focus on sustainable steel production.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2030 | USD 80.53 Million |
| CAGR (2023-2030) | 4.3% |
| By Type | Coarse Atomized FeSi, Fine Atomized FeSi, Extra Fine Atomized FeSi |
| By Application | Metallurgy Processing, Diamond Processing, Semiconductor Processing, Mining, Welding, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major manufacturers, innovators, and niche players. These companies have strong research and development capabilities, contributing to a highly competitive market through product development and regional expansion.
List of prominent players in the Atomized Ferrosilicon Industry:
- DMS Powders
- Sinoferro
- Futong Industry
- Exxaro
- M&M Alloys
- Imexsar
- Westbrook Resources Ltd.
- Reade International Corp.
Recent Industry Developments :
- In November 2021, Gxakra Investment (GI) consortium acquired DMS Powders, a producer of ferrosilicon in South Africa. The acquisition aims to expand the company's product portfolio and global presence.
- In August 2021, Tata Steel inaugurated its first steel recycling plant in India, boosting the demand for atomized ferrosilicon in metallurgy and scrap processing.
