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Global Iron Ore Pellets Market Growth Prospects, Future Industry Landscape 2032 | Bahrain Steel, ArcelorMittal SA, Cleveland-Cliffs Inc., Ferrexpo plc, Jindal SAW Limited, LKAB, SIMEC Group Limited
Iron Ore Pellets Market Report
The Business Research Company's Iron Ore Pellets Global Market Report 2023 identifies the 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.
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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Major players in the iron ore pellets market are 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.
A key trend in the Iron Ore Pellets market includes the business expansions and strategic partnerships are a key trend gaining popularity in the iron ore pellets market.
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The Iron Ore Pellets market is segmented -
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.
The Business Research Company's "Global Iron Ore Pellets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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