Ferromanganese Market Size, Share, Trends, Forecast, & Growth Analysis
The ferromanganese market was estimated at USD 13.8 billion in 2021 and is likely to grow at a CAGR of 4.05% during 2022-2028 to reach USD 18.28 billion in 2028.
Market Drivers:
These factors are expected to boost the demand for the market in the coming years:
The demand for stainless steel from various industrial sectors has significantly influenced its production dynamics.
The use of ferromanganese to replace nickel in stainless steel production has gained wide popularity across the globe.