What is Global Ferro Titanium for Steelmaking Market?
The Global Ferro Titanium for Steelmaking Market is a vast and complex field that encompasses a wide range of products and applications. Ferro Titanium is a ferroalloy, an alloy of iron and titanium with a titanium content range between 10-20% in terms of weight. It's primarily used in steelmaking as a cleansing agent for iron and steel; the titanium is highly reactive with sulfur, carbon, oxygen, and nitrogen, forming insoluble compounds and sequestering them in slag, and is therefore used for deoxidizing, and sometimes for desulfurization and denitrification. In steelmaking, the addition of titanium yields refined grain size and results in improved mechanical properties.
FeTi40, FeTi70, Others in the Global Ferro Titanium for Steelmaking Market:
FeTi40, FeTi70, and others are the primary types of Ferro Titanium used in the steelmaking industry. FeTi40 contains around 40% titanium and is often used in lower-grade steel production where the demand for titanium is not as high. On the other hand, FeTi70, which contains around 70% titanium, is used in higher-grade steel production where the demand for titanium is higher. The "Others" category includes various other types of Ferro Titanium with different titanium content, used based on the specific requirements of the steel being produced. Each type has its own unique properties and uses, making them indispensable in the steelmaking industry.
CLAM Steel Deoxidizer, Stainless Steel Stabilizer, Others in the Global Ferro Titanium for Steelmaking Market:
The Global Ferro Titanium for Steelmaking Market finds its usage in several areas such as CLAM Steel Deoxidizer, Stainless Steel Stabilizer, among others. As a CLAM Steel Deoxidizer, Ferro Titanium helps in removing the oxygen content from the steel, thereby improving its quality and durability. As a Stainless Steel Stabilizer, it helps in maintaining the structure of the steel at both high and low temperatures. It prevents the steel from warping, cracking, or losing its shape, thereby enhancing its lifespan. The "Others" category includes various other applications of Ferro Titanium in the steelmaking industry, each with its own unique benefits.
Global Ferro Titanium for Steelmaking Market Outlook:
The Global Ferro Titanium for Steelmaking Market has shown significant growth in recent years. In 2022, the market was valued at US$ 194.6 million and is expected to reach US$ 271.2 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. The market is dominated by a few key players, with the top three accounting for 48.44% of the market share in 2019, and the top five accounting for 62.93%. This shows a high level of concentration in the market, with a few players holding a significant portion of the market share.
| Report Metric | Details |
| Report Name | Ferro Titanium for Steelmaking Market |
| Accounted market size in 2022 | US$ 194.6 in million |
| Forecasted market size in 2029 | US$ 271.2 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Des Raj Bansal Group, OSAKA Titanium Technologies, Jayesh Group, AmeriTi Manufacturing, AMG Superalloys UK, Arconic, Metalliage, VSMPO-AVISMA, Cronimet, ZTMC, Guotai Industrial, Jinzhou Guangda Ferroalloy, Hengtai Special Alloy |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
