![]() Additionally, various innovations in the manufacturing, processing and refining processes of ferromanganese are favoring the market growth. They are widely used as heat-resistant antioxidant and desulphurizing agents in metallurgy and chemical industries. Moreover, the widespread adoption of high and medium carbon ferromanganese across industries is acting as another major growth-inducing factor. In line with this, the rising demand for low carbon ferromanganese in the welding industry is also contributing to the market growth. Ferromanganese is widely used as a substitute for nickel in the manufacturing of stainless steel with improved workability, tensile strength, toughness and resistance to abrasion. Furthermore, the increasing demand for stainless steel across industries is also driving the market growth. Rapid industrialization across the globe is one of the key factors driving the growth of the market. As a result, ferromanganese finds extensive applications across various industries, such as automotive, construction, and aerospace and defense. They exhibit high tensile strength, durability, heat resistance and antioxidant properties and are also used for countering the effects of sulfur. ![]() Ferromanganese is commonly available in high, medium and low carbon variants. It is widely used as a deoxidizer and desulfurizer for the production of steel and iron. These insights are included in the report as a major market contributor.įerromanganese is an iron alloy consisting of high percentages of manganese. It is produced with carbothermal reduction using coal and coke in blast or submerged arc furnaces. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. The global ferromanganese market is expected to exhibit a CAGR of 4.4% during 2022-2027. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |