| Product Code: ETC087403 | Publication Date: Aug 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In 2024, India`s ferrosilicon import market continued to show high concentration, with top exporters being Bhutan, Malaysia, Norway, Metropolitan France, and South Africa. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 7.93%. This data suggests a stable demand for ferrosilicon in India, with key exporting countries maintaining their positions in the market.
The India ferrosilicon market is expected to grow significantly during the forecast period. This growth can be attributed to increasing industrialization in India, growing demand for steel from various industries such as automotive, construction and infrastructure. Furthermore, government initiatives such as Make in India campaign have encouraged foreign investments into India which has further boosted the production of steel products thus fueling growth of ferrosilicon market in the country. Moreover, availability of low cost labor and abundance of raw materials also provides an impetus to the industry growth.
The rapid industrialization, coupled with the growing automobile industry in India, is driving the demand for ferrosilicon. The increasing use of iron and steel as a raw material in several industries such as construction, automotive, electrical & electronics, and many others is further propelling the growth of this market. Furthermore, rising government incentives to promote domestic production of steel are contributing to the overall trend. In addition, increasing demand from power plants has also been creating huge opportunities for players operating in this sector. Moreover, initiatives taken by government organizations like Make-in-India campaign have promoted investments which will fuel further growth in this market over the forecast period.
However there are certain challenges faced by this industry like high energy consumption leading to higher production costs along with fluctuating prices of raw material due stringent environmental regulations imposed on manufacturers that might act as a hindrance towards its progress.
Some key players operating in India Ferrosilicon Market include Tata Steel Limited, Jindal Steel & Power Ltd., JSW Steel Ltd., Adani Group etc.
| 1 Executive Summary | 
| 2 Introduction | 
| 2.1 Key Highlights of the Report | 
| 2.2 Report Description | 
| 2.3 Market Scope & Segmentation | 
| 2.4 Research Methodology | 
| 2.5 Assumptions | 
| 3 India Ferrosilicon Market Overview | 
| 3.1 India Country Macro Economic Indicators | 
| 3.2 India Ferrosilicon Market Revenues & Volume, 2021 & 2031F | 
| 3.3 India Ferrosilicon Market - Industry Life Cycle | 
| 3.4 India Ferrosilicon Market - Porter's Five Forces | 
| 3.5 India Ferrosilicon Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 3.6 India Ferrosilicon Market Revenues & Volume Share, By End-users, 2021 & 2031F | 
| 4 India Ferrosilicon Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for ferrosilicon in the steel industry due to its ability to enhance the properties of steel. | 
| 4.2.2 Growth in the automotive and construction sectors, driving the demand for ferrosilicon as an alloying agent. | 
| 4.2.3 Rising investments in infrastructure development projects, boosting the demand for ferrosilicon in India. | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating raw material prices impacting the production cost of ferrosilicon. | 
| 4.3.2 Environmental regulations and concerns related to the production process of ferrosilicon. | 
| 4.3.3 Competition from substitute materials affecting the market demand for ferrosilicon. | 
| 5 India Ferrosilicon Market Trends | 
| 6 India Ferrosilicon Market, By Types | 
| 6.1 India Ferrosilicon Market, By Application | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 India Ferrosilicon Market Revenues & Volume, By Application, 2021-2031F | 
| 6.1.3 India Ferrosilicon Market Revenues & Volume, By Deoxidizer, 2021-2031F | 
| 6.1.4 India Ferrosilicon Market Revenues & Volume, By Inoculant, 2021-2031F | 
| 6.1.5 India Ferrosilicon Market Revenues & Volume, By Others, 2021-2031F | 
| 6.2 India Ferrosilicon Market, By End-users | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 India Ferrosilicon Market Revenues & Volume, By Carbon & other alloy steel, 2021-2031F | 
| 6.2.3 India Ferrosilicon Market Revenues & Volume, By Stainless steel, 2021-2031F | 
| 6.2.4 India Ferrosilicon Market Revenues & Volume, By Electric steel, 2021-2031F | 
| 6.2.5 India Ferrosilicon Market Revenues & Volume, By Cast iron, 2021-2031F | 
| 6.2.6 India Ferrosilicon Market Revenues & Volume, By Others, 2021-2031F | 
| 7 India Ferrosilicon Market Import-Export Trade Statistics | 
| 7.1 India Ferrosilicon Market Export to Major Countries | 
| 7.2 India Ferrosilicon Market Imports from Major Countries | 
| 8 India Ferrosilicon Market Key Performance Indicators | 
| 8.1 Average selling price of ferrosilicon in the Indian market. | 
| 8.2 Import and export volume of ferrosilicon to assess market demand and supply dynamics. | 
| 8.3 Capacity utilization rate of ferrosilicon production facilities in India. | 
| 8.4 Research and development expenditure in the ferrosilicon industry for innovation and product development. | 
| 8.5 Number of new product launches or technological advancements in the ferrosilicon market. | 
| 9 India Ferrosilicon Market - Opportunity Assessment | 
| 9.1 India Ferrosilicon Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 9.2 India Ferrosilicon Market Opportunity Assessment, By End-users, 2021 & 2031F | 
| 10 India Ferrosilicon Market - Competitive Landscape | 
| 10.1 India Ferrosilicon Market Revenue Share, By Companies, 2024 | 
| 10.2 India Ferrosilicon Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 
| 13 Disclaimer |