Ferrosilicon Market Set To On Huge Boom Due To Growing Demand From Steel And Casting Industry Till 2025
“The global ferrosilicon market size was estimated at 7,610.0 kilo tons in 2015. The growing demand for ferrosilicon in steel and casting industry is expected to drive demand over the forecast period.�
The global Ferrosilicon Market is anticipated to reach USD 11.96 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for ferrosilicon in steel and casting industry is expected to drive demand over the forecast period. Access Full Research Report on Global Ferrosilicon Market: http://www.grandviewresearch.com/industry-analysis/ferrosilicon-market Growing demand for the product as an inoculant in the casting industry is expected to drive demand over the forecast years. In addition, the increasing utilization of the product for iron graphitization in the casting industry, coupled with the unavailability of substitutes, is expected to drive demand over the forecast period. The increasing use of the product as a deoxidizer in the steel industry is expected to have a positive impact on the demand. However, the sluggish growth of the steel industry may restrain the growth of the deoxidizer segment. In addition, the increasing use of
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