Iron Ore Pellets Market 2022 Key Players, Supply, Demand, Growth, Industry, Application, Analysis and Forecast to 2029

Iron Ore Pellets Market 2022-2029

The global iron ore pellets market is estimated at US$ 57.4 Bn in 2021 and is expected to grow with significant rate during the forecast period.

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Iron ore pellets are a type of agglomerated ground iron ore fines converted into spherical-shaped balls, which are typically of 6–16 mm and contain 62–72% of iron (Fe) along with other materials. Iron ore pellets have good physical and metallurgical properties, owing to which, they are a vital raw material for different types of iron and steel production. Superior properties of iron ore pellets as compared to traditional iron ore feed materials as lump overs and sinter feed, and environmental benefits of iron ore pellets in iron & steel making processes, are primary factors responsible for the growth of the global iron ore pellets market.

Key Players:

The report has profiled some of the important players prevalent in the global like – Vale S.A., Luossavaara-Kiirunavaara AB, Metalloinvest Management Company LLC, and FERREXPO Plc. and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Iron Ore Pellets.

Key Takeaways from Global Iron Ore Pellets Market Study

For integrated steel mills and iron production plants, iron ore pellets offer significant advantages in terms of capital savings, raw material flexibility, and overcoming bottleneck situations in the long term.

DR grade iron ore pellets are the most prominent raw material choice for DRI/sponge iron production. Significant growth in DRI production activities is projected to drive the demand for DR grade iron ore pellets during the forecast period.
In terms of grade, both, BF grade and DR grade iron ore pellets will witness substantial growth during the forecast period. Moreover, demand for DR grade iron pellets has increased substantially, and account for more than one-fourth of the iron ore pellets market.

Imposition of stringent environmental regulations on sinter feed and adoption of lower carbon footprint across the globe have increased the adoption of iron ore pellets across the globe.
In terms of countries/regions, China, India, and the Middle East are estimated to be attractive markets for iron ore pellets, owing to growth in steel production and increasing environmental initiatives.

“Iron ore pellets are expected to play a crucial role in achieving targets such as capacity expansion, operational cost reduction, lowering emissions of pollutants, etc., set by iron & steel manufacturers in various countries, backed by government and environmental initiatives. However, the global coronavirus pandemic is expected to adversely impact the iron ore pellets market during the initial part of the forecast period,” says a PMR analyst.

Performance Edge of Iron Ore Pellets over Other Iron Ore Feed Materials to Boost Demand

Iron ore pellets are considered as a better feed for iron and steel making, owing to their unique and superior properties over other feed mixes. High iron content in iron ore pellets increases the yield of steel with the increasing proportion of pellets in the raw material feed. Uniformity in shape and product quality & higher porosity of iron ore pellets increase productivity in iron & steel production processes by 15-20% as compared to other raw materials. Owing to such benefits of iron ore pellets, they are being preferred over other iron ore feed materials.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Iron Ore Pellets Market Manufacturers 
Iron Ore Pellets Market Distributors/Traders/Wholesalers 
Iron Ore Pellets Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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