Global Iron Ore Pellet Market By Grade (Blast Furnace, Direct Reduction), Technology (Electric Arc Furnace, Electric Induction Furnace, Oxygen Based/Blast Furnace), Iron Content (Hematite, Magnetite), Pelletizing Process (Travelling Grate, Grate Kiln), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Iron Ore Pellet Market
Iron ore pellet market will reach an estimated valuation of 94.14 by 2027, while registering this growth at a rate of 5.60% for the forecast period of 2020 to 2027. Rising demand from the steel industry is a vital factor driving the growth of iron ore pellet market swiftly.
Iron ore pellets are the type of feed material for steel manufacturing companies and fed to the blast furnace and DRI mills in the steelmaking process, the pellets industry is currently witnessing a structural change in a demand-supply scenario which is led by a shift in the steel and iron industry towards better quality raw material.
Rising steel usage in the automotive industry is the vital factor escalating the market growth, also superior product benefits when compared to lumps or sinter, unfavorable government policies related to sintering activities, rising steel demand in the construction sector and shifting trend towards carbon less steelmaking are the major factors among others driving the iron ore pellet market. Moreover, rising demand for high grade and high-quality iron ore pellets will further create new opportunities for the iron ore pellet market in the forecast period of 2020- 2027.
However, fluctuating prices of the raw materials, availability of substitutes at a reasonable rate, and lack of integration between steelmakers and pellet suppliers are the major factors among others acting as restraints, and will further challenge the growth of iron ore pellet market in the forecast period mentioned above.
This iron ore pellet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on iron ore pellet market us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Iron Ore Pellet Market Scope and Market Size
Iron ore pellet market is segmented on the basis of grade, technology, iron content and pelletizing process. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of grade, the iron ore pellet market is segmented into blast furnace and direct reduction
- Based on technology, the iron ore pellet market is segmented into electric arc furnace, electric induction furnace and oxygen based/blast furnace
- Based on iron content, the iron ore pellet market is segmented into hematite and magnetite
- The iron ore pellet market is also segmented on the basis of pelletizing process into travelling grate, grate kiln
Iron Ore Pellet Market Country Level Analysis
Iron ore pellet market is analysed and market size, volume information is provided by country, grade, technology, iron content and pelletizing process as referenced above.
The countries covered in the iron ore pellet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the iron ore pellet market due to large steel manufacturing base of China and vast demand of iron ore from the construction sector. North America is the expected regions in terms of growth in glyoxal market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Iron Ore Pellet Market Share Analysis
Iron ore pellet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to iron ore pellet market.
The major players covered in the iron ore pellet market report are Vale Rio Tinto, Cleveland-Cliffs Inc, BHP, United States Steel, ArcelorMittal, Bahrain Steel., LKAB Koncernkontor Box, NMDC Limited, Xindia., SIMEC, Arya Fin-Trade Services (India) Private Limited, FERREXPO., Cleveland-Cliffs Inc., EVRAZ plc, Ternium among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Iron Ore Pellet Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.