Iron ores are rocks and minerals from which metallic iron can be extracted. There are four main types of iron ore deposit: massive hematite, magnetite, titanomagnetite, and pisolitic ironstone. Near about 98% of iron ore is converted into pig iron for steel-making. The iron ore pellets are used in the production of steel. Further steel is used in the construction of bridges, household appliances, cars, planes, and much more.
MARKET DYNAMICS
The high demand for steel from various end use industries such as construction, automotive, household appliances etc. is a major factor for the growth of the iron ore pellets market. The growing steel production in various countries will further boost the market growth. However, the fluctuations in the prices of raw material may crate impact on market growth.
MARKET SCOPE
The "Global Iron Ore Pellets Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the iron ore pellets market with detailed market segmentation by grade and application. The global iron ore pellets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading iron ore pellets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global iron ore pellets market is segmented into grade and application. By grade, the iron ore pellets market is classified into direct reduced iron grade, and blast furnace grade. By application, the iron ore pellets market is classified into construction, automotive, consumer goods, aerospace and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global iron ore pellets market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The iron ore pellets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the iron ore pellets market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the iron ore pellets market in these regions.
MARKET PLAYERS
The report covers vital developments in the iron ore pellets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the iron ore pellets market are anticipated to lucrative growth opportunities in the future with the rising demand for iron ore pellets in the global market. Below mentioned is the list of few companies engaged in the iron ore pellets market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the iron ore pellets market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- BHP
- Vale
- Metso Outotec
- Rio Tinto
- Fortescue Metals Group Ltd
- Bahrain Steel
- KIOCL Limited
- NMDC Limited
- LKAB
- ArcelorMittal