Product Code: ETC358839 | 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 ferro silicon zirconium market in Saudi Arabia caters to industries where heat resistance and anti-corrosive properties are essential. This alloy, which combines ferro silicon and zirconium, finds applications in steel and iron casting. The market`s growth is influenced by sectors such as automotive and construction, which demand materials with improved performance characteristics. Technological advancements, quality standards, and market collaborations can impact the expansion of this market.
The Saudi Arabia ferro silicon zirconium market is influenced by the automotive and foundry sectors. Ferro silicon zirconium is used to enhance the quality of castings and reduce defects in metal production. With the automotive industry requiring high-quality components and the construction sector demanding superior materials, the demand for ferro silicon zirconium to improve casting processes is expected to increase.
Challenges in the Saudi Arabia ferro silicon zirconium market include sourcing zirconium, managing production costs, and achieving consistent alloy properties. Overcoming technical complexities and supply chain dependencies are significant hurdles.
The ferro silicon zirconium market in Saudi Arabia was affected by the COVID-19 pandemic as construction and manufacturing activities faced disruptions. Ferro silicon zirconium is used as an alloying agent in steelmaking. Reduced steel production and construction projects led to decreased demand for this alloy. Supply chain interruptions also affected the availability of raw materials. As construction and manufacturing activities resumed, the market began to recover, but its performance was closely linked to the broader economic revival.
The major players in the Saudi Arabia ferro silicon and zirconium market are Al-Rashed Group, National Metal Manufacturing & Casting Company (MAADANIYAH), AL ITTEFAQ STEEL PRODUCTS CO., Advanced Metallurgical Group, Nippon Steel Corporation, Emirates Steel Industries, Arkan Building Materials Co. P.J.S.C., Shandong Laiwu Iron & Steel Group Co., Ltd., Masteel International Trade Limited, China Minmetals Corporation and other regional companies like Metals & Minerals Co. and Arabian Gulf Manufacturers Ltd (AGM).