Iron ore pellets are used in automotive, railway, consumer goods, shipping, industrial, among several other places to enhance the durability of the final products. Iron ore pellets are also used in aerospace due to their unique properties. The increasing demand for high-grade iron ore pellets is gaining prevalence among researchers due to which the demand for iron ore pellets in the global iron ore pellets market is increasing at a higher rate.
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Global Iron Ore Pellets Market was valued at USD 62.75 billion in 2021 and is expected to reach USD 85.22 billion by 2029, registering a CAGR of 3.90% during the forecast period of 2022-2029. Several advantages are associated with iron ore pellets products, and that is their usage is highly increasing in the steel industry, especially in the developed nations. Hence, more products is being launched by the companies to fulfill the rising demand of their customers. To fulfill the growing demand for iron ore pellets products, some companies are expanding their production capacities in different regions to grow their market for iron ore pellets products.
Growing demand for steel across the world will drive the market's growth rate
Steel demand across the major end-use industries is anticipated to fuel the demand for iron ore pellets. The biggest market for steel is construction. According to the World Steel Association, the construction value in 2019 was over USD 500 billion, accounting for more than 50% of the total value of steel demand worldwide. One of the main factors influencing the steel demand is the increased requirement for housing as a result of rising population. The United Nations' World Population Prospects report predicts that by 2030, there will be 8.6 billion people on the planet. This is expected to increase the need for new homes, which would help steel and iron ore pellets grow.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Hematite, Magnetite, Taconite, Others), Grade (Blast Furnace, Direct Reduction), Technology (Oxygen Based/Blast Furnace, Electric Arc Furnace, Electric Induction Furnace), Pelletizing Process (Grate Kiln, Straight Travelling Grate), Balling Technology (Balling Disc, Balling Drum), Application (Iron-based Chemicals, Steel Production), Industry (Construction, Automotive, Railway, Consumer Goods, Shipping, Industrial, Aerospace, Others)
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Countries Covered
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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, South Africa, Egypt, Israel, 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
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Market Players Covered
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Vale (Brazil), Mitsubishi Corporation RtM Japan Ltd (Japan), Cleveland-Cliffs Inc (U.S.), United States Steel Corporation. (U.S.), ARCELORMITTAL (Luxembourg), Metso Outotec (Finland), KIOCL Limited (India), FERREXPO PLC (Switzerland), JINDAL SAW LTD. (India), Iron Ore Company of Canada (Canada), LKAB Koncernkontor (Sweden), METALLOINVEST MC LLC (Russia), Bahrain Steel (Bahrain), and SIMEC (England) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global iron ore pellets market is categorized into six notable segments which are source, grade, technology, pelletizing process, balling technology and industry.
- On the basis of source, the market is segmented into hematite, magnetite, taconite and others. In 2022, hematite segment is expected to dominate the market and grow at a CAGR of 4.70% in the forecast period of 2022 to 2029 because of properties which strengthen connection with earth which has widened its application in various industries.
- On the basis of grade, the market is segmented into blast furnace and direct reduction. In 2022, blast furnace segment is expected to dominate the market and grow at a CAGR of 4.60% in the forecast period of 2022 to 2029 because of cost effective properties.
- On the basis of technology, the market is segmented into electric arc furnace, electric induction furnace and oxygen based/blast furnace. In 2022, oxygen based/blast furnace segment is expected to dominate the market and grow at a CAGR of 5.10% in the forecast period of 2022 to 2029 because of increasing demand of technology with high productivity.
- On the basis of pelletizing process the market is segmented into straight travelling grate and grate kiln. In 2022, grate kiln segment is expected to dominate the market and grow at a CAGR of 4.40 % in the forecast period of 2022 to 2029 because of high uniform temperature profile.
- 根據成球技術，市場分為成球盤和成球滾筒。 2022 年，由於球團盤在球團設備中材料混合方面的適用性很高，預計它將佔據市場主導地位，並在 2022 年至 2029 年的預測期內以 4.70% 的複合年增長率增長。
球團磨盤 部分將主導鐵礦石球團 市場的球團磨技術部分
球化盤部分將成為球化技術領域的主導部分。這是因為市場上尤其是發展中經濟體的球磨機供應量不斷增加。此外，全球範圍內研究開發服務的成長和擴張將進一步促進該領域的成長。
- 根據行業，市場細分為建築、汽車、航空航太、航運、鐵路、消費品、工業和其他。 2022 年，由於高耐用性產品消費量的增加，建築業預計將佔據市場主導地位，並在 2022 年至 2029 年的預測期內以 5.30% 的複合年增長率增長。
建築業 將主導鐵礦石球團 市場的應用領域
建築業將成為應用領域的主導。這是因為市場上尤其是發展中經濟體的基礎設施開發活動不斷增加。此外，全球化學品和材料行業的成長和擴張將進一步促進該領域的成長。
主要參與者
Data Bridge Market Research 將以下公司視為市場參與者：淡水河谷（巴西）、三菱商事 RtM 日本有限公司（日本）、克里夫蘭克利夫斯公司（美國）、美國鋼鐵公司。 （美國）、ARCELORMITTAL（盧森堡）、Metso Outotec（芬蘭）、KIOCL Limited（印度）、FERREXPO PLC（瑞士）、JINDAL SAW LTD. （印度）、加拿大鐵礦石公司（加拿大）、LKAB Koncernkontor（瑞典）、METALLNVEST MCEST（俄羅斯）、鋼鐵）。
市場開發
- 2020年，淡水河谷在重啟多項業務後，決定在第三季提高鐵礦球團產量水準。業務擴展有助於擴大產生企業收入的生產能力。
- 2020年，FERREXPO宣布今年第二季鐵礦球團產量將增加5%。該公告有助於提高企業的生產能力並擴大公司的客戶群。
區域分析
從地理上看，市場報告涵蓋的國家有：北美洲的美國、加拿大和墨西哥、歐洲的德國、法國、英國、荷蘭、瑞士、比利時、俄羅斯、義大利、西班牙、土耳其、歐洲其他地區、中國、日本、印度、韓國、新加坡、馬來西亞、澳洲、泰國、印尼、菲律賓、亞太地區（APAC）的其他地區、沙烏地阿拉伯、阿聯酋、南非、澳洲、其他國家的歐洲、歐洲、歐洲地區和其他國家的歐洲地區（歐洲地區的歐洲國家。
根據 Data Bridge 市場研究分析：
2022 年至 2029 年預測期內，亞太地區是鐵礦球團 市場的主導地區
目前，亞太地區在收入和市場份額方面佔據主導地位，預計這一趨勢將在 2022 年至 2029 年的預測期內持續下去。由於球團具有許多優勢，包括尺寸一致、區域內金屬化率高，因此它是一種比其他飼料更優質的煉鐵飼料，這也是該領域市場擴張歸功於球團的原因。
預計2022 年至 2029 年預測期內，北美將成為鐵礦球團 市場成長最快的地區
另一方面，高能耗產業對鋼鐵的強勁需求以及北美較低的鐵球成本預計將在2022年至2029年的預測期內促進該地區的利潤豐厚擴張。此外，由於該地區對環境的影響較小，其需求將會增加。
新冠肺炎疫情的影響
受目前冠狀病毒疫情影響，鐵礦石球團市場受到影響。全球鋼鐵生產服務暫停，市場受到嚴重影響。鋼鐵消費量下降對全球鐵礦石價格產生影響。此外，主要供應鏈和其他業務的暫停也嚴重擾亂了市場。從好的方面來看，隨著建築業和汽車業的顯著復甦，預計市場將從 2021 年開始逐步復甦。此外，各監管機構正在放鬆這些強制的封鎖措施。已經停止和取消的業務將繼續進行，因此預計市場將會成長。因此，疫情過後市場將持續穩定成長。
有關市場報告的鐵礦石球團 的更多詳細信息，請點擊此處 - https://www.databridgemarketresearch.com/reports/global-iron-ore-pellets-market
