Leading Ferrosilicon Country Markets Databank
The Ferrosilicon market was valued at $11,200.0 Million in 2020, and is projected to reach $30,620.0 Million by 2029 growing at a CAGR of 11.87% from 2021 to 2029. Asia-Pacific is expected to be the highest contributor to this market, with $4,188.8 Million in 2020, and is anticipated to reach $12,562.4 Million by 2029, registering a CAGR of 13.02%. Asia-Pacific and North America collectively expected to account for about 66.7% share of the Ferrosilicon market in 2020, with the former constituting around 37.4% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 13.02% and 11.99% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.7% in the overall Ferrosilicon market in 2020, and is anticipated to reach 70.6% by 2029.
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