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Global Iron Ore Pellets Market 2023: Major Key Players And Industry Analysis Till 2032
Iron Ore Pellets Market
Iron Ore Pellets Market Size, Growth Rate, And Forecast
The global iron ore pellets market size is expected to grow from $54.82 billion in 2022 to $57.32 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The iron ore pellets market size is expected to grow to $67.50 billion in 2027 at a CAGR of 4.2%.
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Iron Ore Pellets Market Drivers
Proliferating steel demand in the construction sector is expected to propel the growth of the iron ore pellets market going forward. Construction is one of the most significant steel-using industries, accounting for more than 50% of world steel demand. The iron ore pellets are used to make steel products that are used heavily in construction.
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Iron Ore Pellets Market Segments
1) By Product: Blast Furnace Iron Ore Pellets, Direct Reduced
2) By Technology: Oxygen-Based/Blast Furnace, Electric Arc Furnace, Electric Induction Furnace
3) By Application: Iron-based Chemicals, Steel Production
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Iron Ore Pellets Market.
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Iron Ore Pellets Market Key Players
Major competitors in the Iron Ore Pellets Market include Bahrain Steel, ArcelorMittal SA, Cleveland-Cliffs Inc., Ferrexpo plc, Jindal SAW Limited, LKAB, SIMEC Group Limited, Vale SA, Xindia Steels Limited, BHP Group Limited, Fortescue Metals Group Limited, United States Steel Corporation, Arya Iron & Steel Company Private Limited, KIOCL Limited, Metalloinvest Management Company LLC, and Iron Ore Company of Canada
The Business Research Company's "Global Iron Ore Pellets Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Iron Ore Pellets Market Include:
1. Executive Summary
2. Iron Ore Pellets Market Characteristics
3. Iron Ore Pellets Market Trends And Strategies
4. Iron Ore Pellets Market - Macro Economic Scenario
5. Iron Ore Pellets Market Size And Growth
......
26. Africa Iron Ore Pellets Market
27. Iron Ore Pellets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Iron Ore Pellets Market
29. Iron Ore Pellets Market Future Outlook and Potential Analysis
30. Appendix
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