United States Ferroalloys Market Size, Share, and COVID-19 Impact Analysis, By Product (Ferrochrome, Ferromanganese, Ferro Silico Manganese, and Ferro Silicon), By Application (Carbon & Low Alloy Steel, Stainless Steel, Alloy Steel, Cast Iron, and Others), and United States Ferroalloys Market Insights, Industry Trend, Forecasts to 2035

United States Ferroalloys Market Size Insights Forecasts to 2035

• The US Ferroalloys Market Size Was Estimated at USD 4789.9 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.66% from 2025 to 2035
• The US Ferroalloys Market Size is Expected to Reach USD 10789.9 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United States Ferroalloys Market Size is anticipated to reach USD 10789.9 million by 2035, growing at a CAGR of 7.66% from 2025 to 2035. The expansion of the United States ferroalloys market is propelled by the increased usage of building steel and the need for ferroalloys in the manufacturing of steel.

Market Overview

A ferroalloy is an alloy used to produce steel and cast iron that is mostly made of iron plus one or more other elements, usually silicon, manganese, chromium, vanadium, molybdenum, titanium, boron, and phosphorus, to provide particular qualities. Many factors have been affecting the important trends that the US ferro alloys market has been experiencing. Ferro alloys are crucial to the steelmaking process; thus, the steel industry's demand for ferro alloys is an important driving factor for this market.  Ferro alloy demands continue to grow in spite of, or perhaps because of, continuous construction activity and infrastructure improvements in the US that require high-quality structural steel. The transition to sustainability is also influencing market dynamics. The manufacture of ferro alloys through sustainable processes is being demanded more and more as the US government and industry stakeholders look to reduce carbon emissions. The increasing use of electric arc furnace technology in steelmaking has also provided an outlet for ferro alloy producers to address the market transition. In the recent past, the ferro alloys market has accepted recycled or off-spec materials more as the price of raw materials has fluctuated and the industry has sought sustainable sourcing. This transition reduces waste but also coincides with the growing national interest in seeking sustainability and ethical production methods.

Report Coverage

This research report categorizes the market for the United States ferroalloys market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States ferroalloys market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States ferroalloys market.

Driving Factors

The growth of the United States ferroalloys market is boosted as the population increases, and the need for residential and commercial construction will drive an increase in steel production facilities and other industries, which will create demand for ferroalloys. Ferroalloys, which are a mix of metals and silicon, are involved in creating steel, and they are an effective means of incorporating elements that exhibit numerous benefits, which make them the best product to use when constructing things. These benefits include tensile strength, durability, corrosion resistance, weldability, and toughness. The ferroalloy market has a decent growth trajectory due to the increased growth in construction and further expenditures towards the development of infrastructure.

Restraining Factors

The United States ferroalloys market faces obstacles like environmental issues regarding the manufacture of these alloys. Slower production and spending more money could positively effect a company's ability to expand and produce.

Market Segmentation

The United States ferroalloys market share is classified into product and application.

• The ferro silico manganese segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The United States ferroalloys market is segmented by product into ferrochrome, ferromanganese, ferro silico manganese, and ferro silicon. Among these, the ferro silico manganese segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven because it has a high content of manganese and a low content of silicon. It is used as an alloying and deoxidising agent in the steel, stainless steel, and manganese steel industries. With demand for aerospace and electric vehicle (EV) requests for steel, ferrosilico manganese consumption is expected to increase.

• The cast iron segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the United States ferroalloys market is segmented into carbon & low alloy steel, stainless steel, alloy steel, cast iron, and others. Among these, the cast iron segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled by its content between 1% and 3% silicon and contains more than 2% (two per cent) carbon. Cookware, pipes, machinery, and automobile parts like cylinder heads, cylinder blocks, and gearbox cases are just a few of the many uses for cast iron, a low-melting, inexpensive alloy that is simply and readily shaped into various shapes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States ferroalloys market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cleveland-Cliffs Inc.
• FerroGlobe USA Metallurgical, Inc.
• Republic Steel
• United States Steel Corporation
• Nucor Corp
• AMG Vanadium LLC
• Cleveland Cliffs
• AmeriTi Manufacturing
• Boston Metal
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States ferroalloys market based on the following segments:

United States Ferroalloys Market, By Product

• Ferrochrome
• Ferromanganese
• Ferro Silico Manganese
• Ferro Silicon

United States Ferroalloys Market, By Application

• Carbon & Low Alloy Steel
• Stainless Steel
• Alloy Steel
• Cast Iron
• Others