Europe Ferroalloys Market Forecast to 2031 - Regional Analysis - by Type (Ferrochrome, Ferromanganese, Ferro Silico Manganese, Special Alloys, and Others) and Application (Steel Making, Wire Manufacturing, Welding Electrodes, Superalloys, and Others)
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 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.
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 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.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. EUROPE FERROALLOYS MARKET LANDSCAPE
4.1 Overview
4.2 Porters Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Ferroalloys Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End-Use Industry
5. EUROPE FERROALLOYS MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand for Ferroalloys in Automotive Industry
5.1.2 Rise in Infrastructure Development Investments by Government Bodies
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Growth in Global Aerospace & Defense Industry
5.4 Future Trends
5.4.1 Growing Adoption of Superalloys
5.5 Impact of Drivers and Restraints:
6. FERROALLOYS MARKET - EUROPE ANALYSIS
6.1 Europe Ferroalloys Market Overview
6.2 Ferroalloys Market Volume (Thousand Tons), 2020-2031
6.3 Ferroalloys Market Volume Forecast and Analysis (Thousand Tons)
6.4 Ferroalloys Market Revenue (US$ Billion), 2020-2031
6.5 Ferroalloys Market Forecast and Analysis
7. EUROPE FERROALLOYS MARKET VOLUME AND REVENUE ANALYSIS - BY TYPE
7.1 Ferrochrome
7.1.1 Overview
7.1.2 Ferrochrome: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.1.3 Ferrochrome: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.2 Ferromanganese
7.2.1 Overview
7.2.2 Ferromanganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.2.3 Ferromanganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.3 Ferro Silico Manganese
7.3.1 Overview
7.3.2 Ferro Silico Manganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.3.3 Ferro Silico Manganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.4 Special Alloys
7.4.1 Overview
7.4.2 Special Alloys: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.4.3 Special Alloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.5 Others
7.5.1 Overview
7.5.2 Others: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.5.3 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8. EUROPE FERROALLOYS MARKET REVENUE ANALYSIS - BY APPLICATION
8.1 Steel Making
8.1.1 Overview
8.1.2 Steel Making: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.2 Wire Manufacturing
8.2.1 Overview
8.2.2 Wire Manufacturing: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.3 Welding Electrodes
8.3.1 Overview
8.3.2 Welding Electrodes: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.4 Superalloys
8.4.1 Overview
8.4.2 Superalloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.5 Others
8.5.1 Overview
8.5.2 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9. EUROPE FERROALLOYS MARKET - COUNTRY ANALYSIS
9.1 Europe Market Overview
9.1.1 Europe Ferroalloys Market Breakdown, by Key Country, 2023 and 2031 (%)
9.1.1.1 Europe Ferroalloys Market Volume and Forecast and Analysis - by Country
9.1.1.2 Europe Ferroalloys Market Revenue and Forecast and Analysis -by Country
9.1.1.3 Germany Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.3.1 Germany Ferroalloys Market Breakdown by Type
9.1.1.3.2 Germany Ferroalloys Market Breakdown by Application
9.1.1.4 France Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.4.1 France Ferroalloys Market Breakdown by Type
9.1.1.4.2 France Ferroalloys Market Breakdown by Application
9.1.1.5 Italy Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.5.1 Italy Ferroalloys Market Breakdown by Type
9.1.1.5.2 Italy Ferroalloys Market Breakdown by Application
9.1.1.6 United Kingdom Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.6.1 United Kingdom Ferroalloys Market Breakdown by Type
9.1.1.6.2 United Kingdom Ferroalloys Market Breakdown by Application
9.1.1.7 Russia Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.7.1 Russia Ferroalloys Market Breakdown by Type
9.1.1.7.2 Russia Ferroalloys Market Breakdown by Application
9.1.1.8 Rest of Europe Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.8.1 Rest of Europe Ferroalloys Market Breakdown by Type
9.1.1.8.2 Rest of Europe Ferroalloys Market Breakdown by Application
10. COMPETITIVE LANDSCAPE
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Expansion
11.4 Partnerships and Collaborations
12. COMPANY PROFILES
12.1 Glencore Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ferro Alloys Corporation Limited (FACOR)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Brahm Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Tata Steel Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nikopol Ferroalloy Plant
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. EUROPE FERROALLOYS MARKET LANDSCAPE
4.1 Overview
4.2 Porters Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Ferroalloys Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End-Use Industry
5. EUROPE FERROALLOYS MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand for Ferroalloys in Automotive Industry
5.1.2 Rise in Infrastructure Development Investments by Government Bodies
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Growth in Global Aerospace & Defense Industry
5.4 Future Trends
5.4.1 Growing Adoption of Superalloys
5.5 Impact of Drivers and Restraints:
6. FERROALLOYS MARKET - EUROPE ANALYSIS
6.1 Europe Ferroalloys Market Overview
6.2 Ferroalloys Market Volume (Thousand Tons), 2020-2031
6.3 Ferroalloys Market Volume Forecast and Analysis (Thousand Tons)
6.4 Ferroalloys Market Revenue (US$ Billion), 2020-2031
6.5 Ferroalloys Market Forecast and Analysis
7. EUROPE FERROALLOYS MARKET VOLUME AND REVENUE ANALYSIS - BY TYPE
7.1 Ferrochrome
7.1.1 Overview
7.1.2 Ferrochrome: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.1.3 Ferrochrome: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.2 Ferromanganese
7.2.1 Overview
7.2.2 Ferromanganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.2.3 Ferromanganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.3 Ferro Silico Manganese
7.3.1 Overview
7.3.2 Ferro Silico Manganese: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.3.3 Ferro Silico Manganese: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.4 Special Alloys
7.4.1 Overview
7.4.2 Special Alloys: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.4.3 Special Alloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
7.5 Others
7.5.1 Overview
7.5.2 Others: Ferroalloys Market - Volume and Forecast to 2031 (Thousand Tons)
7.5.3 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8. EUROPE FERROALLOYS MARKET REVENUE ANALYSIS - BY APPLICATION
8.1 Steel Making
8.1.1 Overview
8.1.2 Steel Making: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.2 Wire Manufacturing
8.2.1 Overview
8.2.2 Wire Manufacturing: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.3 Welding Electrodes
8.3.1 Overview
8.3.2 Welding Electrodes: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.4 Superalloys
8.4.1 Overview
8.4.2 Superalloys: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
8.5 Others
8.5.1 Overview
8.5.2 Others: Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9. EUROPE FERROALLOYS MARKET - COUNTRY ANALYSIS
9.1 Europe Market Overview
9.1.1 Europe Ferroalloys Market Breakdown, by Key Country, 2023 and 2031 (%)
9.1.1.1 Europe Ferroalloys Market Volume and Forecast and Analysis - by Country
9.1.1.2 Europe Ferroalloys Market Revenue and Forecast and Analysis -by Country
9.1.1.3 Germany Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.3.1 Germany Ferroalloys Market Breakdown by Type
9.1.1.3.2 Germany Ferroalloys Market Breakdown by Application
9.1.1.4 France Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.4.1 France Ferroalloys Market Breakdown by Type
9.1.1.4.2 France Ferroalloys Market Breakdown by Application
9.1.1.5 Italy Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.5.1 Italy Ferroalloys Market Breakdown by Type
9.1.1.5.2 Italy Ferroalloys Market Breakdown by Application
9.1.1.6 United Kingdom Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.6.1 United Kingdom Ferroalloys Market Breakdown by Type
9.1.1.6.2 United Kingdom Ferroalloys Market Breakdown by Application
9.1.1.7 Russia Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.7.1 Russia Ferroalloys Market Breakdown by Type
9.1.1.7.2 Russia Ferroalloys Market Breakdown by Application
9.1.1.8 Rest of Europe Ferroalloys Market - Revenue and Forecast to 2031 (US$ Billion)
9.1.1.8.1 Rest of Europe Ferroalloys Market Breakdown by Type
9.1.1.8.2 Rest of Europe Ferroalloys Market Breakdown by Application
10. COMPETITIVE LANDSCAPE
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Expansion
11.4 Partnerships and Collaborations
12. COMPANY PROFILES
12.1 Glencore Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ferro Alloys Corporation Limited (FACOR)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Brahm Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Tata Steel Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nikopol Ferroalloy Plant
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
