Press release
Demand For Iron Ore Pellets Is Anticipated To Increase At A CAGR Of 4.3% By 2031
According to a recent study by Fact.MR on iron ore pellets, the market is estimated to be valued at US$ 48 Bn in 2021 and is expected to expand at a compound annual growth rate of 4.3% over the assessment period of 2021-2031.Fact.MR, a market research and competitive intelligence provider, reveals that iron ore pellet demand is set to witness steady growth attributed to large-scale adoption of pellets in steel making. In addition, the market is set to create an incremental $ opportunity worth approx. US$ 18.6 Bn.
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Iron Ore Pellets Industry Research - Key Segments
By Grade
Direct Reduction (DR)
Blast Furnaces (BF)
By Source
Magnetite
Hematite
Others
By Application
Iron-based Chemicals
Steel Production
By End Use
Iron Ore Pellets for Electric Induction Furnaces
Iron Ore Pellets for Oxygen-based/Blast Furnaces
Iron Ore Pellets for Electric Arc Furnaces
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Competitive landscape
Top manufacturers of iron ore pellets include Vale, Cleveland-Cliffs Inc., Rio Tinto, Fortescue Metals, United States Steel Corporation, Bahrain Steel, ArcelorMittal, NMDC Limited, LKAB, Mitsubishi Corporation, BHP Billiton, ArcelorMittal S.A., Ferrexpo plc, Jindal SAW Limited, Xindia Steels Ltd., and Metso Outotec.
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After reading the Iron Ore Pellets Market report, readers get insight into:
Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of Iron Ore Pellets Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential
The report covers following Iron Ore Pellets Market insights and assessment that are helpful for all participants involved in the Iron Ore Pellets Market Market :
Data on recently introduced regulations and their impact on key industries and on demand in Iron Ore Pellets Market
Latest industry Iron Ore Pellets Market with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of Iron Ore Pellets Market and changing consumer preferences in major industries.
Changing Iron Ore Pellets Market demand and consumption of diverse products
Major trends underlining funding by key investors in numerous countries
New investment opportunities in diverse technology and product or service types
Comprehensive data and Competitive analysis of Iron Ore Pellets Market major players
Iron Ore Pellets Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
Iron Ore Pellets Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
For More Insights- https://www.prnewswire.com/news-releases/coal-handling-system-sales-set-to-grow-at-4-2-in-2021-as-automation-penetration-deepens-factmr-study-301210084.html
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