He development of the iron and steel industry and foundry industry have escalated the growth of ferroalloys industry and anticipated the growth of ferrosilicon magnesium market. The ferrosilicon magnesium is used primarily as an alloying agent in the production of iron and steel. The steel industry is the principal user of ferrosilicon magnesium. The alloy provides high tensile strength at high temperature, increased resistance to corrosion improves hardness and increased creep strength. These benefits have increased the demand for ferrosilicon magnesium in end-use industries such as construction and automotive leads to fuel the growth of global ferrosilicon magnesium market.

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Ferrosilicon Magnesium Market Segmentation

Global ferrosilicon magnesium market can be segmented on the basis of particle size, type, application and end-use industry.

On the basis of particle size, ferrosilicon magnesium market is segmented as:
5-3 mm
3-5 mm
5-15 mm
15-25 mm
25 mm and above

On the basis of type, ferrosilicon magnesium market is segmented as:
With rare earths
Without rare earths

On the basis of application, ferrosilicon magnesium market is segmented as:
Low Carbon Steel
Iron
Ductile Iron pipes
SG Iron castings

On the basis of end-use industry, ferrosilicon magnesium market is segmented as:
Automotive
Construction
Others

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The industry players believe new opportunities from the governments will boost the infrastructure projects. Ferrosilicon magnesium manufacturing companies have opted to acquire new channel partners, who could reach target customers and ensure new customer acquisitions for the company. The key players in the ferrosilicon magnesium market are mentioned below.

FerroGlobe
All Minmetal International Ltd.
Eshtehard Alloys
Prithvi Group
Kastwel
Snam
Elkem ASA
Atlantic Alloys
Akshit Enterprises Pvt. ltd.
Henan Xinxin Silicon Alloy Co., Ltd.
The Lakshmi Group

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