The Global Iron Ore Pellets Market generated revenue of around USD 45.5 billion in 2021 and is anticipated to grow a CAGR of over 3.5% during the forecast period from 2022 to 2028 to reach around USD 55.9 billion in 2028.
The expansion of steel production in Asia Pacific's emerging nations, including Vietnam, China, and India, is a key element anticipated to drive market expansion in the ensuing years. Iron ore is ground into spherical pellets that are used to make steel. The COVID-19 pandemic-related lockdown enforced in several nations at the end of 2019 has halted manufacturing, which has significantly impacted the demand for iron pellets in the first half of 2020. However, numerous economic analysts predict that the global economy will see a significant recovery beginning in 2021, which will likely fuel the growth of the iron ore pellets business shortly.
The global iron ore pellets market is bifurcated into Source, Palletizing Process, Technology, and Balling Technology. Grade, Application, Industry and Geography. Based on source, the market is categorized into hematite, magnetite, taconite, and others. Based on palletizing process, the global market is segmented into grate kilns and straight traveling grates. Based on technology, the market is categorized into oxygen based/blast furnaces, electric arc furnaces, and electric induction furnaces. Based on balling technology, the global market is segmented into the balling disc and drum. Based on application, the market is categorized into iron-based chemicals and steel production. Based on grade, the global market is segmented into a blast furnace and direct reduction. The market is categorized into construction, automotive, railway, consumer goods, shipping, industrial, and aerospace. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific accounted for 41.9% of the iron ore pellets market globally in terms of revenue in 2021. This trend is anticipated to continue throughout the forecast. The region's development is attributed to developing countries like China, India, and Vietnam, whose economies have significant sectors for the production of crude steel and are experiencing an increase in investment in the manufacturing sector and other end-use industries. At the same time, North America is predicted to increase at the quickest rate.
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Segmentation:
Segmentation of Global Iron Ore Pellets Market-
Global Iron Ore Pellets Market – By Source
- Hematite
- Magnetite
- Taconite
- Others
Global Iron Ore Pellets Market – By Grade
- Blast Furnace
- Direct Reduction
Global Iron Ore Pellets Market – By Technology
- Oxygen Based/Blast Furnace
- Electric Arc Furnace
- Electric Induction Furnace
Global Iron Ore Pellets Market – By Palletizing Process
- Grate Kiln
- Straight Travelling Grate
Global Iron Ore Pellets Market – By Balling Technology
- Balling Disc
- Balling Drum
Global Iron Ore Pellets Market – By Application
- Iron-based Chemicals
- Steel Production
Global Iron Ore Pellets Market – By Industry
- Construction
- Automotive
- Railway
- Consumer Goods
- Shipping
- Industrial
- Aerospace
- Others
Why Buy This Report-
- The report provides a qualitative and quantitative analysis of the global iron ore pellets market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global iron ore pellets market segmentation based on source, grade, technology, palletizing process, balling technology, application, and industry.
- Major countries in each region with their import/export statistics
- The global iron ore pellets market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
Table of content:
- Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
- Executive Summary
2.1. Market Snapshot: Global Iron Ore Pellets Market
2.2. Global Iron Ore Pellets Market, By Source
2.3. Global Iron Ore Pellets Market, By Grade
2.4. Global Iron Ore Pellets Market, By Technology
2.5. Global Iron Ore Pellets Market, By Pelletizing Process
2.6. Global Iron Ore Pellets Market, By Balling Technology
2.7. Global Iron Ore Pellets Market, By Application
2.8. Global Iron Ore Pellets Market, By Industry
2.9. Global Iron Ore Pellets Market, By Region
- Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Iron Ore Pellets Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Component
3.3.2. Organization Size
3.3.3. Deployment
3.3.4. Platform
3.3.5. End User
3.3.6. Geography
- Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend
- Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others
- COVID 19 Impact Analysis
6.1. Global Iron Ore Pellets Market Pre Vs Post COVID 19, 2019 - 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply
........... continued
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