Press release
Iron Ore Market 2024 | Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033
Iron Ore Market
The iron ore market size is expected to see strong growth in the next few years. It will grow to $598.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the increasing urbanization, the rising healthcare expenditure and the growing residential sector. Major trends in the forecast period include developing innovative technological tools by using advanced technologies, introducing innovative decarbonization technologies, developing advanced iron ore hubs, collaborating with contemporary companies, launching new digital tools and leveraging automation in the mining processes.
Market Overview -
Iron mining refers to the process of extraction of iron ore. Due to its affordability, surface mining is used to extract the majority of iron ores. In this procedure, the rock is combined with water and processed into powder using spinning mills. Magnetism is used to separate iron ore from the taconite.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6823&type=smp
Rising Construction Activities Fuel The Growth Of The Iron Ore Market
Increasing construction activities are expected to propel the growth of the iron ore market going forward. Construction refers to the activity of putting together various elements to create a structure for a specific location using a detailed design and plan. Iron ore is crucial in the production of steel, a primary construction material used in various structures, including buildings, bridges, and roads. For instance, in June 2021, according to Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7 percent in March 2021. Further, in 2021, residential activities rose 4.3 percent compared to 2020. Additionally, according to the US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2 percent. Therefore, the increasing construction activities are driving the growth of the iron ore market.
Competitive Landscape -
Major companies operating in the iron ore market report are Vale S.A, Rio Tinto, BHP, Fortescue Metals Group Ltd., Anglo American Plc, National Mineral Development Corporation, Metinvest, Angang Steel Company Limited, Ferrexpo, Atlas Iron, Sesa Goa Iron Ore, Sumitomo Metal Industries Ltd, M.S India Iron Ore Mines Private Limited, Vedanta Limited, Kudremukh Iron Ore Company, MSPL Limited, ITOCHU Corporation, Marubeni Corporation, Baoshan Iron & Steel Co Ltd, Ansteel Group Corporation Limited, Minmetals Land Limited, Zijin Mining Group Company Limited, Luossavaara-Kiirunavaara Aktiebolag, Sydvaranger AS, Rana Gruber AS, Beowulf Mining plc, SIMEC Group, Metalloinvest MC LLC, Severstal Group, Evraz Group SA, NLMK Group, Mechel, Black Iron, ArcelorMittal SA, POSCO, Amaroq Minerals Ltd, Greenland Resources Inc, Bluejay Mining Plc, Redpath Mining Inc, Agnico Eagle Mines Limited, United States Steel Corporation, Cleveland-Cliffs Inc, CSN MINERACAO, Kinross Brasil Mineracao SA, AndesMinerals SA, Coro Mining Corp, Ma'aden, Chadormalu Mining & Industrial Co, Golgohar Mining & Industrial Co, KOC Holding AS, Iran Central Iron Ore Co, Kumba Iron Ore Limited, Sedibeng Iron Ore, Assmang, Richards Bay Minerals, African Natural Resources and Mines Limited, Tshipi Borwa Mine, Khumani Mine, Sishen Mine
Innovative Technological Advancements Propel Growth For Companies In The Iron Ore Market
Companies in the iron ore market are developing innovative technological tools and using advanced technologies to grow in the market. For instance, in September 2021, Metso Outotec, a Finland-based technology and service provider for minerals processing and metals refining industries, developed a set of solutions that will increase process efficiency, production capability, and product quality while lowering energy use, environmental impact, and maintenance and operating expenses. Some of the latest digital solutions that enhance preventive maintenance planning and execution include the Metso Outotec Optimizing Control System OCS-4D, the Planet Positive Optimus advanced process control system, the VisioPellet pellet size-control system, and the Pallet Car Condition Monitoring System. An innovative operator training program is also being introduced by Metso Outotec, using cutting-edge simulation technologies in a safe virtual plant environment.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/iron-ore-global-market-report
Key Segments -
The iron ore market covered in this report is segmented -
1) By Mining Type: Underground Mining, Surface Mining
2) By End-Use Industry: Construction, Manufacturing, Other End-Uses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iron Ore Market 2024 | Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033 here
News-ID: 3468010 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Iron
Cast iron and ductile iron are suitable for automatic sand molding machine
As two common cast iron materials, cast iron and ball-ground cast iron have their own unique properties and application fields. Cast iron is widely used in machinery manufacturing, automobile industry, construction industry and other fields because of its excellent casting performance and low cost. Ball-ground cast iron is mainly used in mining machinery, railway track, auto parts and other fields because of its excellent mechanical properties and wear resistance.
As an…
Iron Sharpens Iron Business Network Launches
The Iron Sharpens Iron Business Network has launched in Southwest Florida. The membership organization exists to drive customer referrals, social media visibility, brand exposure and business profits. Small businesses and upstarts can come together within the grass roots network and feel comfortable, not intimidated, wherever they are on their growth journey.
Membership levels can be reviewed and setup at ironsharpensironbn.com. Members of the network will have access to online educational…
Iron Warrior Review 2022: (Buyers Beware!) Is Iron Warrior Actually Working?
As you age, you begin to physically deteriorate and experience a range of challenges in daily life. You begin to feel weak and lose your physical strength after a certain age, among other things.
You start to experience problems in both your personal and professional lives, and you constantly feel exhausted.
Even though frequenting the gym might help you stay in shape, given today's busy lifestyle and competitive job market,…
Global Carbonyl Iron Market, Global Carbonyl Iron Industry, Covid-19 Impact Glob …
Carbonyl iron is an iron replacement product. You primarily get the iron from the foods you eat. Iron assists your body introduce red blood cells that carry oxygen through your blood to tissues and organs. Carbonyl iron is utilized to cure and safeguard the iron deficiency and iron deficiency anemia. In addition, the carbonyl iron may also be utilized for the determinations not listed in this medication guide.
According to…
Iron Ore Concentrate (Pellet Feed) Market forecast to 2025: Exceptional Business …
Report Ocean recently published a new report on the Global Iron Ore Concentrate (Pellet Feed) Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Iron Ore Concentrate (Pellet Feed) Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Iron Ore Concentrate (Pellet Feed) Market situation of…
Global Iron Ore Mining Market to 2022| Vale S.A., Rio Tinto Group, BHP Billiton, …
Researchmoz added Most up-to-date research on "Global Iron Ore Mining to 2022" to its huge collection of research reports.
GlobalData's "Global Iron Ore Mining to 2022" provides a comprehensive coverage on global iron ore industry. It provides historical and forecast data on iron ore production by country, grade, iron ore reserves, consumption to 2022. The trade section also provides information on major exporters and importers. The report also includes a demand…
