The demand for magnetite iron ore pellets is projected to grow at a 4.3% CAGR from 2021 to 2031, driven by the steel industry's need for efficient raw materials.
According to a recent study by Fact.MR on Direct reduction (DR) iron ore pellets, the market is estimated to be valued at US$ 48 Bn in 2021 and is expected to expand at a compound annual growth rate of 4.3% over the assessment period of 2021-2031.
Fact.MR, a market research and competitive intelligence provider, reveals that iron ore pellet demand is set to witness steady growth attributed to large-scale adoption of pellets in steel making. In addition, the market is set to create an incremental $ opportunity worth approx. US$ 18.6 Bn.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=6991
Stringent regulations by governments and increasing need for lower carbon emissions from the steelmaking sector are set to further fuel overall consumption of iron ore pellets in the steel industry, globally. Iron ore pellets possess superior properties than other available forms, including lumps or sinters.
“Manufacturers must have an effective raw material sourcing strategy to reduce overall production cost and gain more profit margins,” says a Fact.MR analyst.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=6991
Regional analysis includes
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=6991
After reading the Magnetite Iron Ore Pellets Market report, readers can:
The Iron Ore Pellets Market report answers important questions which include:
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain:
Wide Mouth Bottles Market – The Asia Pacific dominates the market because of the growing economy of a country like China and India. Because the larger population of the country contributes to the number of the consumer of the reusable water bottle.
Insulated Envelops Market – The growth of the insulated envelops market is completely dependent on its ability to meet numerous demands of the logistic industry. Most of the businesses are shipping products on a global platform in wake of expanding distribution channels and increased scalability. The insulated envelopes market is set to witness a CAGR of 11.1%- 12.9% during 2021-2031.
Intelligent Packaging Market – Owing to increasing urban lifestyle and global population trends, the demand for ready-to-eat food and packaged, frozen has beheld a significant surge in demand in recent times. As a result, the Intelligent Packaging Market is set to witness a CAGR of 6.1% during 2021-2031.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
The article discusses the projected growth of the magnetite iron ore pellets market from 2021 to 2031.
The demand is driven by the steel industry's need for efficient raw materials and lower carbon emissions.
Steel production is expected to account for around half of the iron ore pellet demand.
Explore more articles in the Research Reports category
