Global Ferronickel Sales Market Report 2023

Market Analysis and Insights: Global Ferronickel Market

Ferronickel is a ferroalloy. Its CAS number is 11110-39-7. It is a shiny metallic solid material and can be obtained from the carbothermic reduction of serpentinic minerals, such as serpentine, limonite, or garnierite. It enables the production of products with special electronic, magnetic and catalytic properties.

Ferronickel remains stable under normal storage conditions; however, when exposed to carbon oxides in reducing atmospheres, there is a risk of forming the toxic gas nickel carbonyl.

Due to the COVID-19 pandemic, the global Ferronickel market size is estimated to be worth US$ 15170 million in 2022 and is forecast to a readjusted size of US$ 21580 million by 2029 with a CAGR of 5.1% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Ferronickel（Nickel Less Than 15%） accounting for % of the Ferronickel global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Stainless Steel Industrial segment is altered to an % CAGR throughout this forecast period.

Global Ferronickel key players include Tsingshan Holding Group, Shandong Xinhai Technology, Jiangsu Delong Nickel Industry, Shengyang Group, Linyi Yichen Alloy, etc. Global top five manufacturers hold a share over 25%.

China is the largest market, with a share about 90%, followed by Europe, and America, both have a share over 2 percent.

In terms of product, Ferronickel (Nickel Less Than 15%) is the largest segment, with a share over 80%. And in terms of application, the largest application is Stainless Steel Industrial, followed by Electronics Industrial, etc.

Global Ferronickel Scope and Market Size

The global Ferronickel market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Ferronickel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Ferronickel（Nickel Less Than 15%）

Ferronickel（Nickel15-25%）

Ferronickel（Nickel25-35%）

Others



Segment by Application


Stainless Steel Industrial

Electronics Industrial

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


Shandong Xinhai Technology

Tsingshan Holding Group

Eramet

Linyi Yichen Alloy

Jiangsu Delong Nickel Industry

Shengyang Group

Anglo American

South32

Koniambo Nickel

Pacific Steel Mfg

Sumitomo Metal Mining

PT Central Omega Resources

SNNC

Vale

PT Antam

Larco