Ferromanganese is a ferroalloy with a high content of manganese. It is manufactured through heating mixture of oxides Fe2O3 and MnO2 along with carbon. This mixture is heated in an electric arc furnace or blast furnace. In the furnace, the oxides go through carbothermal reduction, hence, producing ferromanganese which is used as deoxidizer for steel. The major deposits of ferromanganese are found in countries such as South Africa, Mexico, France, and Australia among others. The growing demand of steel is estimated to be the key driver for ferromanganese market. Apart from steel, increasing demand from the aluminum alloy sectors is also projected to drive the growth. Ferromanganese is an essential raw material for the production of steel and iron. Depending on the carbon content, ferromanganese is classified as high carbon ferromanganese and medium carbon ferromanganese. High carbon ferromanganese is an excellent antioxidant with high carbon content and is heat resistant. It has desulphurizing and anti-oxidant properties that has applications in metallurgy, chemical industry and steel industry among others.
Due to environmental health concerns and health hazards, ferromanganese market is expected to experience threat to some extent. High level of exposure to ferromanganese in drinking water is allied with reduced intelligence quotients and intellectual impairment in children.
This report identifies the global Ferromanganese market size for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global Ferromanganese market.
Asia Pacific is estimated to be the largest producer of Ferromanganese with China, Russia and India being chief producers. Presence of huge vanadium mines in China is expected to enhance the growth in the overall production of Ferromanganese. The demand for Ferromanganese is estimated to be the largest in Europe whereas the highest growth is projected to be in North America during the forecast period.
This report segments Ferromanganese market on the basis of type, production method and regional market as follows:
- Ferromanganese Market, by Type: High Carbon Ferromanganese and Medium Carbon Ferromanganese
- Ferromanganese Market, by Application: Metallurgy, Chemical Industry, Steel Industry and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
Sample Companies Profiled in this Report are:
- Monnet Group
- ISPAT India
- Jiaocheng Yiwang Ferroalloy Co, Ltd (Yiwang Ferroalloy)
- Calcutta Carbide Pvt. Ltd
- OM Holdings Limited