Worldwide Ferrochromium Market Statistics And Forecast by 2020

Ferrochromium Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

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ReportÂ Description Ferrochromium is more familiar as ferrochrome. It is a chromium alloy which contains about 30 to 50% of the iron. There is a considerable variation in ferrochromium depending on its specific application in the various end-use industries. Ferrochromium is usually used for incorporating iron into steel that has various applications. Ferrochromium is manufactured by applying various metallurgical processes from the chromite ore. Ferrochromium is mainly produced in the electric furnace by using chromium ore, iron or iron ore and carbon. In some cases, the anthracite coal is also used in the manufacturing process of ferrochromium. The production of steel is the largest consumer of ferrochromium. The production of stainless steel is one of the major applications of the ferrochromium. Ferrochromium having a chromium content of about 10 to 20% is widely used in manufacturing the stainless steel. F Complete Report with TOC @ http://www.mrrse.com/ferrochromiummarket .

Scope In terms of geography, the rapidly expanding methionine market in the Asia Pacific is anticipated to fuel the demand for sodium methyl mercaptide (SMM). Rapid growth in the urban populations and their purchase power parity (PPP), especially in the high growth nations such as China, India and other South East Asian countries are expected to be the major demand markets for meat. This turns into demand for animal feed and eventually methionine and sodium methyl mercaptide (SMM). Furthermore, high growth in pharmaceutical industry in Asia is expected to support sodium methyl mercaptide (SMM) demand over the forecast period. In North America and Europe, the strict regulations for the use of hazardous chemicals keep the market in check with slow growth. However, volume demand for methionine is large attributed to the high meat consumption especially in the U.S. Rest of the World, although small in size, is expected to witness high growth especially in the emerging economies of Brazil, Argentina and South Africa. Brazil is set to host two world scale events; FIFA World Cup in 2014 and Summer Olympics in 2016. These events attract a large size of international tourists and meat demand is expected to rise substantially within the timelines of these events.

KeyÂ Players

Some of the players in the sodium methyl mercaptide (SMM) market include Chevron Phillips Chemical Company LP, TCI Chemicals and XengFing Chemicals among others. Request a Sample Copy of the Report @ http://www.mrrse.com/sample/28 .