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Rising demand for steel products is projected to drive the silico manganese industry forward.

The global silico manganese market is expected to grow from $25.98 billion in 2022 to $28.33 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The global silico manganese market size is expected to reach $38.35 billion in 2027 at a CAGR of 7.9%.

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Global Silico Manganese Market Segments Include:

• By Product: Low Carbon, Medium Carbon, High Carbon
• By Application: Carbon Steel, Stainless Steel, Alloy Steel, Cast Iron, Other Applications
• By End Users: Defense, Automotive, Consumer Appliances, Construction
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global silico manganese market in 2021.

Major Market Players in the silico manganese market include Anglo American plc., Assmang Proprietary Limited, Brahm Group, Eramet Group, Gulf Ferro Alloys Company, Henan Xibao Metallurgy Materials Group, Jindal Steel & Power Ltd.

The primary trend gaining traction in the silico manganese market is increased investment in silico manganese. Major players in the silico manganese market are focusing on expanding their manufacturing facilities by boosting output and market investments. For example, Arab Alloys, an Egypt-based ferroalloys producer, invested $32.795 million (EGP 1 billion) in August 2022 to develop a ferroalloys industrial complex in the Suez Canal economic zone (SCZone) to produce 48,000 tonnes of ferrosilicon. It would also produce silicon manganese, which is used mostly in the iron and steel sectors, as well as silicon metal, which is used primarily in the aluminium industry. Furthermore, Pertama Ferroalloys (PFA), a Malaysia-based manufacturer of ferroalloys and silico manganese, is investing US$600 million (RM2.81 billion) in the second phase expansion of its ferroalloy smelting plant, which is Malaysia’s first manganese alloy and ferrosilicon smelting plant.

The Silico Manganese Global Market Report 2023  provides a silico manganese market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The silico manganese market forecast analyzes silico manganese market size, silico manganese market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Silico manganese is a crude alloy of silicon, manganese, and iron that is principally utilised in the manufacture of alloy steel. It is extensively used in steel production as an alloying agent, providing steel with the necessary toughness and hardness.

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