Iron Ore Market Growth Analysis by Company: Alstom Power, Siemens AG, General Electric, KBR, Shell, ICCT and More

The worldwide market for Iron Ore is expected to grow at a CAGR of roughly 8.8% over the next five years, will reach 252200 million US$ in 2023, from 152400 million US$ in 2017, according to a new study.

This report focuses on the Iron Ore in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in colour from dark grey, bright yellow, or deep purple to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)·n(H2O), 55% Fe) or siderite (FeCO3, 48.2% Fe).

The global iron ore market is highly fragmented with small and large vendors. The market is highly competitive and dominated by large global vendors who have a vast geographical presence, with production facilities located worldwide. The key vendors in the market are BHP, Fortescue Metals, Rio Tinto, Vale. Other prominent players are Anmining, ArcelorMittal, Anglo American, HBIS Group, Beijing Huaxia Jianlong Mining, Evrazholding Group, Metalloinvest, LKAB Group and Cleveland-Cliff.

The global Iron Ore industry is very competitive. The key points affecting competition are price, quality and range of products offered, reliability, operating costs and shipping costs. The big players are taking advantage of economy of scale to squeeze small competitors and gain market share. Efficiency in reducing costs is crucial to survive in an environment, which already led some small players to bankruptcy filings.

The global market segment by manufacturers, this report covers Vale, Rio Tinto, BHP, Fortescue Metals, Anmining, Oceania and more.

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The market regional analysis covers North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Also, the global Iron Ore industry segment by type, covers Iron Ore Fines, Iron Ore Pellets and other.

Related Report:

2018-2023 Global Iron (Ferrous Sulfate) Consumption Market Report

Ferrous sulfate occurs as crystals (heptahydrate) called ferrous sulfate (crystal) and a dried substance (monohydrate to sesquihydrate) called ferrous sulfate (dry). Ferrous sulfate (crystal) occurs as whitish green crystals or crystalline powder. Ferrous sulfate (dry) occurs as a gray-white powder.

Among those applications, iron oxide pigment industry is the largest application and accounted 41.78% in 2016.

The ferrous sulfate industry is relatively fragmented, keeping consistent with the titanium oxide industry. The major production base lies in North America, China and Europe.

Ferrous sulfate has two major forms, Ferrous Sulfate Heptahydrate and Ferrous Sulfate Monohydrate. Ferrous Sulfate Heptahydrate is the direct by product of titanium dioxide and Ferrous Sulfate Monohydrate is processed further from Ferrous Sulfate Heptahydrate. Industrial application of ferrous sulfate is much larger than food and feed industry.

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