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.
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.
Key Takeaways from Market Study
Iron ore pellets market is anticipated to add 2.1X value by 2031.
Magnetite iron ore pellets capture a major chunk of the market and are set to create an absolute $ opportunity of around US$ 1.2 Bn over 2021-2031.
Steel industry recovery post Covid-19 (Q2 2021) to add 1.3X value to overall sales of iron ore pellets in 2021.
Steel production application to account for around 1/2 share of overall iron ore pellet demand in 2021.
“Manufacturers must have an effective raw material sourcing strategy to reduce overall production cost and gain more profit margins,” says a Fact.MR analyst.
After reading the MagnetiteIron Ore Pellets Market report, readers can:
Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Iron Ore Pellets Market revenue.
Study the growth outlook of the global Iron Ore Pellets Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Iron Ore Pellets Market growth.
Investigate the recent R&D projects performed by each Iron Ore Pellets Market player.
The Iron Ore Pellets Market report answers important questions which include:
What does the status of the Iron Ore Pellets Market look?
Motocross Gears Market look like after the forecast period?
Which region has the highest contribution to Iron Ore Pellets Market Devices why?
Which players remain at the top of the Iron Ore Pellets Market look?
What opportunities are available for the Iron Ore Pellets Market players to expand their production footprint?
Which segment has the maximum impact on the Iron Ore Pellets Market look?
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain:
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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
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.
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.
Key Takeaways from Market Study
Iron ore pellets market is anticipated to add 2.1X value by 2031.
Magnetite iron ore pellets capture a major chunk of the market and are set to create an absolute $ opportunity of around US$ 1.2 Bn over 2021-2031.
Steel industry recovery post Covid-19 (Q2 2021) to add 1.3X value to overall sales of iron ore pellets in 2021.
Steel production application to account for around 1/2 share of overall iron ore pellet demand in 2021.
“Manufacturers must have an effective raw material sourcing strategy to reduce overall production cost and gain more profit margins,” says a Fact.MR analyst.
After reading the MagnetiteIron Ore Pellets Market report, readers can:
Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Iron Ore Pellets Market revenue.
Study the growth outlook of the global Iron Ore Pellets Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Iron Ore Pellets Market growth.
Investigate the recent R&D projects performed by each Iron Ore Pellets Market player.
The Iron Ore Pellets Market report answers important questions which include:
What does the status of the Iron Ore Pellets Market look?
Motocross Gears Market look like after the forecast period?
Which region has the highest contribution to Iron Ore Pellets Market Devices why?
Which players remain at the top of the Iron Ore Pellets Market look?
What opportunities are available for the Iron Ore Pellets Market players to expand their production footprint?
Which segment has the maximum impact on the Iron Ore Pellets Market look?
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