Press release
Iron Ore Pellets Market By Source (Hematite, Magnetite, Taconite, Others),to reach USD 85.22 billion by 2029, registering a CAGR of 3.90%
Iron ore pellets are widely used in the steel industry. Pellets are supplied to the steel industry through supply agreements between manufacturers and the steel industry. The growth of the steel sector primarily drives the advancement of the worldwide iron ore pellets market. According to the World Steel Association, the global crude steel production increased by 3.4 percent to 1,869.9 million tons in 2019. The global iron ore pellets market is predicted to increase in tandem with the growth of the steel sector.Global Iron Ore Pellets Market was valued at USD 62.75 billion in 2021 and is expected to reach USD 85.22 billion by 2029, registering a CAGR of 3.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
View Detailed REport: https://www.databridgemarketresearch.com/reports/global-iron-ore-pellets-market
Market Definition
Iron ore pellets are the kind of balls that are small in size manufactured from iron ore. The iron ore pellets are present in various industries. The iron ore pellets are manufactured with various technologies such as oxygen-based/blast furnace, electric induction furnace, and various other technologies. It helps in providing the tensile strength as well as durability to the end-users.
Opportunities
Investments and Government Initiatives
Furthermore, significant investments in research and development activities that further enhance product applications extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, various governments have taken a move towards more sustainable steel production will further expand the future growth of the iron ore pellets market.
Some of the major players operating in the iron ore pellets market are
Vale (Brazil)
Mitsubishi Corporation RtM Japan Ltd (Japan)
Cleveland-Cliffs Inc (U.S.)
United States Steel Corporation. (U.S.)
ARCELORMITTAL (Luxembourg)
Metso Outotec (Finland)
KIOCL Limited (India)
FERREXPO PLC (Switzerland)
JINDAL SAW LTD. (India)
Iron Ore Company of Canada (Canada)
LKAB Koncernkontor (Sweden)
METALLOINVEST MC LLC (Russia)
Bahrain Steel (Bahrain)
SIMEC (England)
Iron Ore Pellets Market Scope
The iron ore pellets market is segmented on the basis of source, grade, technology, pelletizing process, balling technology, application and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
Hematite
Magnetite
Taconite
Others
Grade
Blast Furnace
Direct Reduction
Technology
Oxygen Based/Blast Furnace
Electric Arc Furnace
Electric Induction Furnace
Pelletizing Process
Grate Kiln
Straight Travelling Grate
Balling Technology
Balling Disc
Balling Drum
Application
Iron-based Chemicals
Steel Production
Industry
Construction
Automotive
Railway
Consumer Goods
Shipping
Industrial
Aerospace
Others
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Contact Us:
Data Bridge Market Research
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