Iron Ore Pellets Market Size to Cross USD 98.2 Billion by 2026
Iron Ore Pellets Market (By Application: Color Measurement, Chemical Concentration, Thickness Measurement, Turbidity & Haze Measurement, Environmental Testing; By End-User: Plastics Industry, Chemical Industry, Pharmaceutical Industry, Food & Beverages Industry, Paint & Coating Industry, Other Industries) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
The worldwide Iron Ore Pellets Market value is foreseen to touch US$ 98.2 billion by 2026 and the market is expected to project a CAGR of 5.1% from forecast period 2019 to 2026.
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North America dominated the global iron ore pellets market in the year 2018. Different huge purposes behind the predominance of North America are due to these pellets turning into the one largest supply of iron for blast furnaces operational within the North yank region. To boot, the demand for steel within the U.S. is rising exponentially. Steel is taken into account to be a sturdy producing frame of any automotive during this region that is that the key issue seems to propel this regional market's growth within the future years. Europe is probably going to expertise a stagnant rate of growth throughout the forecast period, because of the financial condition in 2008 that resulted in the decline of production and ore process across the region.
The resident and also the geographical area and African markets are anticipated to show Brobdingnagian untapped business potential over the forecast years. Many industries are investment within the unknown regions of geographical region and also the geographic area and Africa, and thereby, exploiting their profitable market growth potential. Middle East & Africa market is growing at a substantial rate over the forecast period of time because of rising DR grade pellets consumption during this region. Major countries as well as an Asian country, Iran, Turkey, etc. are progressing to expand their facilities for the electrical arc chamber steel-producing in close to future, which is able to produce potential growth opportunities for ore pellets makers in the Middle East & Africa.
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Asia-Pacific is expected to register the highest CAGR during the forecast period. The growing iron ore pellets industry, due to the developing construction industry in emerging economies, such as India and China, which is likely to positively impact the iron ore pellets market in the years to come. The demand for smart infrastructure buildings is leading to rapid developments in the construction sector across the region. Additionally, all the machine building industries are major consumers of steel in this region. China consumes more than 40% of global steel, which is projected to propel this regional market over the forecast time period.
Electric arc furnace has dominated the technology type segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period from 2019 to 2026. The advantage of a electric metal casting furnace is that temperature can go up to 1800 Celsius. Large reduction in specific energy (energy per unit weight) required to produce the steel. Another benefit is flexibility: EAFs can be rapidly started and stopped. A typical steelmaking arc furnace is the source of steel for a mini-mill, which may make bars or strip product. Mini-mills can be sited relatively near to the markets for steel products, and the transport requirements are less than for an integrated mill, which would commonly be sited near a harbour for access to shipping.
Electric induction furnace segment dominated the iron ore pellets market with the highest CAGR during the forecast period. An electric induction furnace is used by manufacturers to melt metal. Unlike more traditional methods, which involve heating the metal through an external means like fire, the induction furnace melts metal with an electrical charge. The most widely used melting procedures in the modern day, this process has strong metallurgical control. Efficient, economic, as well as durable, these furnaces are capable to melt a vast range of metals. Since, electricity is used for heating the melting practice can produce precise heat. Therefore, electric induction furnace can be use more accurate melting of alloys and resistant metals. In addition to the operation being simple, small quanties can also be melted quickly.
Some of the key manufacturing companies include in the global iron ore pellets market are Vale, LKAB, Metso Corporation, Arya Group, Iron Ore Company of Canada Inc., METALLOINVEST MC LLC, Simec Group, Cleveland-Cliffs Inc., Jindal Saw Ltd., Ferrexpo Plc, and Xindia Steels.
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Iron Phosphate Market Forecasts 2024: Ferric pyro phosphate market volume estimated to hold over 53% iron phosphate market volume share in 2017. Rising health conscious consumers coupled with surging demand for nutritional supplements will provide the strong business outlook for manufacturers. Key industry players include Pioneer Herbal, Imperial Chem Incorporation, Jost Chemical Company, Hefei Asialon Chemical Co. Limited, Aarvee Chemicals, Zhengzhou Ruipu Biological Engineering, Crest Industrial Chemicals, ILVE Chemicals and Charkit Chemical Corporation.
Market Segmentation
Market By Grade
- Blast Furnace
- Direct Reduction
- Others
Market By Technology
- Electric Arc Furnace
- Electric Induction Furnace
- Oxygen Based
- Blast Furnace
- Others
Market By Iron
- Hematite
- Magnetite
- Others
Market By Pelletizing
- Travelling Grate
- Grate Kiln
- Others
Market By Geography
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Iron Ore Pellets
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Iron Ore Pellets Market By Grade
1.2.2.1. Global Iron Ore Pellets Market Revenue and Growth Rate Comparison By Grade (2015-2026)
1.2.2.2. Global Iron Ore Pellets Market Revenue Share By Grade in 2017
1.2.2.3. Blast Furnace
1.2.2.4. Direct Reduction
1.2.3. Iron Ore Pellets Market By Iron
1.2.3.1. Global Iron Ore Pellets Market Revenue and Growth Rate Comparison By Iron (2015-2026)
1.2.3.2. Global Iron Ore Pellets Market Revenue Share By Iron in 2017
1.2.3.3. Hematite
1.2.3.4. Magnetite
1.2.4. Iron Ore Pellets Market By Pelletizing
1.2.4.1. Global Iron Ore Pellets Market Revenue and Growth Rate Comparison By Pelletizing (2015-2026)
1.2.4.2. Global Iron Ore Pellets Market Revenue Share By Pelletizing in 2017
1.2.4.3. Travelling Grate
1.2.4.4. Grate Kiln
1.2.4.5. Others
1.2.5. Iron Ore Pellets Market By Technology
1.2.5.1. Global Iron Ore Pellets Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.5.2. Global Iron Ore Pellets Market Revenue Share By Technology in 2017
1.2.5.3. Electric Arc Furnace
1.2.5.4. Electric Induction Furnace
1.2.5.5. Oxygen Based/ Blast Furnace
1.2.6. Iron Ore Pellets Market By Geography
1.2.6.1. Global Iron Ore Pellets Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Iron Ore Pellets Market Revenue and Growth Rate (2015-2026)
1.2.6.3. Europe Iron Ore Pellets Market Revenue and Growth Rate (2015-2026)
1.2.6.4. Asia-Pacific Iron Ore Pellets Market Revenue and Growth Rate (2015-2026)
1.2.6.5. Latin America Iron Ore Pellets Market Revenue and Growth Rate (2015-2026)
1.2.6.6. Middle East and Africa (MEA) Iron Ore Pellets Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING GRATE KILN ANALYSIS
3.1. Capacity and Commercial Production Date of Global Iron Ore Pellets Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Iron Ore Pellets Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Iron Ore Pellets Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Iron Ore Pellets Major Manufacturers in 2017
CHAPTER 4. IRON ORE PELLETS MARKET By GRADE
4.1. Global Iron Ore Pellets Revenue By Grade
4.2. Blast Furnace
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Direct Reduction
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. IRON ORE PELLETS MARKET BY IRON
5.1. Global Iron Ore Pellets Revenue By Iron
5.2. Hematite
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Magnetite
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. IRON ORE PELLETS MARKET BY PELLETIZING
6.1. Global Iron Ore Pellets Revenue By Pelletizing
6.2. Travelling Grate
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Grate Kiln
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Others
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. IRON ORE PELLETS MARKET BY TECHNOLOGY
7.1. Global Iron Ore Pellets Revenue By Technology
7.2. Electric Arc Furnace
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Electric Induction Furnace
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Oxygen Based/ Blast Furnace
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA IRON ORE PELLETS MARKET BY COUNTRY
8.1. North America Iron Ore Pellets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Iron Ore Pellets Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Iron Ore Pellets Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE IRON ORE PELLETS MARKET BY COUNTRY
9.1. Europe Iron Ore Pellets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Iron Ore Pellets Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC IRON ORE PELLETS MARKET BY COUNTRY
10.1. Asia-Pacific Iron Ore Pellets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Iron Ore Pellets Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA IRON ORE PELLETS MARKET BY COUNTRY
11.1. Latin America Iron Ore Pellets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Iron Ore Pellets Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & Africa IRON ORE PELLETS MARKET BY COUNTRY
12.1. Middle East & Africa Iron Ore Pellets Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Iron Ore Pellets Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Grade, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Iron, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Pelletizing, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Vale
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. LKAB
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Metso Corporation
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Arya Group
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Iron Ore Company of Canada Inc
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. METALLOINVEST MC LLC
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Simec Group
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Cleveland-Cliffs Inc
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Jindal Saw Ltd
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Ferrexpo Plc
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Xindia Steels
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Product Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Others
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Product Portfolio
13.12.5. Key Developments
13.12.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
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