Product Code: ETC358709 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The ferroboron market in the Philippines was valued at US$206 million in 2025 according to 6wresearch estimates. This is projected to reach a total of US$317 million by the forecast period, registering a CAGR of 8. 1%. Increasing demand for boron-based chemicals used for agricultural applications along with growing use of ferroalloys are driving growth prospects for this sector in the country.
Ferroboron is used as an alloying element in steel production. The market outlook depends on steel industry trends and demand for specialized steel products with enhanced properties. The adoption of advanced manufacturing techniques and the pursuit of materials with specific characteristics can drive the demand for ferroboron.
The ferroboron market could face challenges related to the availability of boron resources and maintaining the required boron content in alloys. Moreover, technological advancements in alloying processes and potential regulatory changes could impact production and market dynamics.
The pandemic`s impact on the ferroboron market included production slowdowns and supply chain disruptions. Industries that use ferroboron, such as electronics and automotive, were affected by reduced demand. As economic conditions improve and industrial activities rebound, the demand for ferroboron could see a gradual uptick.
The key players in the Philippines ferroboron market are A. E. Steel Corporation, Evershine Alloys & Metals Inc., New Solid Industries Corporation, The Ferroalloy Co., and Prime Alliance Auto Parts Company Inc.