Iron Ore Pellets Market
Iron Ore Pellets Market Study by Electric Induction Furnaces, Oxygen-based/Blast Furnaces, and Electric Arc Furnaces from 2023 to 2033
Analysis of Iron Ore Pellets Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Iron Ore Pellets Market Outlook (2023 to 2033)
The global iron ore pellets market is valued at US$ 52.35 billion in 2023 and is slated to reach a market size of US$ 78.24 billion by 2033. The market is forecasted to expand at a CAGR of 4.1% from 2023 to 2033.
- The extensive magnetic properties of magnetite iron ore play a pivotal role in shaping the steel production process effectively.
- Worldwide consumption of magnetite iron ore pellets is expected to rise faster at a CAGR of 4.3% over the forecast period.
- Blast furnaces account for nearly two-thirds share of the worldwide consumption of iron ore pellets.
When iron ore fines are pelletized, they create iron ore pellets that are all the same size. Iron ore fines and certain additives, such as bentonite, are combined during the pelletization process and subsequently transformed into oval lumps using a pelletizer.
Over the past decade, there has been substantial growth in demand for iron ore pellets. This growth is attributed to the increased adoption of iron ore pellets in the steel industry. This is linked to the prominent usage of iron ore for different technological aspects of the steelmaking process, including electric induction furnaces, oxygen-based/blast furnaces, and electric arc furnaces.
The market is anticipated to expand steadily over the coming years due to an increase in iron and steel production facilities and the rising demand for carbon-free steel. These iron ore pellets play a crucial role in the manufacture of steel. Because of the expanding demand for steel in emerging economies, iron ore production has significantly expanded in recent years.
Increasing steel consumption across a wide range of end-user industries is expected to boost market growth over the forecast period. When compared to sinters and lumps, iron ore pellets tend to showcase improved functional abilities, paving the way for their increased usage in the global market.
The need for iron ore pellets is anticipated to rise in line with the demand for steel and steel-based products in the production of automobiles as well as in industrial, residential, and commercial construction. Additionally, producers of iron ore pellets offer new developments to improve the production process's energy efficiency.
Report Attributes |
Details |
|
Iron Ore Pellets Market Size (2023) |
US$ 52.35 Billion |
|
Projected Market Value (2033) |
US$ 78.24 Billion |
|
Global Market Growth Rate (2023 to 2033) |
4.1% CAGR |
|
Market Share of Blast Furnaces (BF) (2023) |
61% |
|
South Korea Market Growth Rate (2023 to 2033) |
3.7% CAGR |
|
Japan Market Size (2033) |
US$ 6.96 Billion |
|
Market Share of Magnetite (2023) |
39% |
|
United Kingdom Market Size (2033) |
US$ 8.52 Billion |
|
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
What is Stimulating Global Demand for Iron Ore Pellets?
“Limited Availability of High-grade Lump Ore”
Over the past few years, lump ores have been the main source used in the production of iron. Furthermore, the pelletizing process produces less pollution than the sintering process used when using lump ore, which is why renowned steel companies choose to use iron ore pellets as blast furnace feed rather than lump ore.
Steelmaking has seen a considerable shift in technological advancements due to tightening regulatory screws over sinter input due to connected environmental concerns. As a result, the industry continues to see a slew of new improvements in the iron ore pelletizing process.
Steelmakers and consumers have been suffering from a scarcity of lump ores of the appropriate quality due to excessive mining activities. Thus, iron ore finds its perfect place in dominating the production of steel. In addition, iron ore pellets have been utilized by different integrated and non-integrated steel manufacturers based on their versatility in shaping the final steel product.
“Rising Metal Additive Manufacturing Presents New Growth Opportunities”
Additive manufacturing (AM) helps create exceptional components with very precise and intricate details. Due to reduced component weight, a requirement for fewer resources, and the ability to make mixed parts, AM has quickly entered the medical and aviation industries.
Immediate metal laser sintering and specialized laser liquefying are the most well-known and widely used techniques for producing metal components using additive manufacturing. These developments make it easier to create components by heating powdered metal with a heating source. A few 3D printing businesses have started generating the foundational components needed for construction.
- Arup offered a useful method for underlying printing components used in development applications. This is expected to facilitate the production of steel products more with less functional time.
What is Hampering the Sales of Iron Ore Pellets to Some Extent?
“Fluctuating Raw Material Prices”
The market for iron ore pellets faced major challenges to growth due to some unavoidable factors. Poor levels of integration between iron ore pellet suppliers and steelmaking companies pose a significant demand and supply gap, denting pellet sales.
Fluctuations in raw material prices will be detrimental to the iron ore pellets market. Accidents that occur during the process of making iron ore pellets might be a problem for the iron ore pellets industry. This aspect is anticipated to slow the market growth rate for iron ore pellets.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are Start-ups Changing the Iron Ore Pellets Landscape?
“Emerging Market Players Offering Innovative Hydrogen-based Electrolyzers to Smelt Iron Ore”
High levels of carbon dioxide are emitted during the procedures involved in melting iron ore to make steel. However, since the by-products of the hydrogen process in metallurgy are just water vapor as opposed to the carbon monoxide and carbon dioxide created by the existing blast furnace processes in use, hydrogen offers a sustainable alternative. Innovative hydrogen-based electrolyzers are being created by new entrants to c and lower carbon emissions.
- The patented Anion Exchange Membrane (AEM) electrolyzer technology is developed by a start-up based in the United States, Origen Hydrogen. It employs a solid-state gadget instead of costly metallurgy and liquid electrolytes. It has several industrial uses, including the production of fertilizer and environmentally friendly steel. The method also makes it possible to produce the zero-carbon hydrogen feedstock required for steel production.
Country-wise Insights
What is the Market Outlook for Iron Ore Pellets in the United States?
“Increasing Steel Usage in Automotive Industry”
- The market in the United States is predicted to expand at a CAGR of 4.4% over the projection period.
The United States market is expanding due to shifting trends toward carbon-less steelmaking. Steel demand is anticipated to be driven by rising electric vehicle production and the revival of aircraft manufacturing industries. The demand for iron ore pellets is projected to rise as a result over the coming years.
Why is the United Kingdom a Prominent Market for Producers of Iron Ore Pellets?
“Surging Structural Steel Demand in Construction Sector”
- The market in the United Kingdom is valued at US$ 6.07 billion in 2023.
An increase in construction activities in the United Kingdom is fueling the structural steel demand. Rising disposable income and the presence of top producers of iron ore pellets are supporting market expansion. A rise in pelletizing factories is also fueling market growth in the country.
Why Japan is Emerging as a Lucrative Market for Iron Ore Pellets?
“Rapid Expansion of Steel Production Industry”
- Demand for iron ore pellets in Japan is set to rise at a CAGR of 5.3% through 2033.
The rapidly expanding steel production industry will play a significant role in increasing iron ore pellet consumption in Japan. Manufacturers are experiencing the ease of labor force for producing steel with the benefit of abundant raw materials. Even manufacturers witness high capacity utilization rates owing to developed infrastructure and raw material availability.
How is Demand for Iron Ore Pellets Shaping Up in South Korea?
“Unfavorable Government Policies Related to Sintering Activities”
- The market in South Korea is set to reach US$ 3.67 billion by 2033.
An increase in spending on the manufacturing sector, rapid industrialization, and the presence of the crude steel production industry. The booming infrastructure projects in the country are driving steel demand and, in turn, boosting sales of iron ore pellets. Unfavorable government policies related to sintering activities are boosting market value in the country.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Insights
Which Iron Ore Pellet Grade is Leading in Terms of Revenue Generation?
“Blast Furnace Grade Preferred Due to its Cost-effectiveness”
Based on grade, the market is divided into direct reduction (DR) and blast furnaces (BF).
- Blast furnace (BF) accounts for 61% share of the global market.
Blast furnace grade has been seen playing a pivotal role in driving overall demand for iron ore pellets. The advantages offered by the furnace grade as compared to direct reduction grade (RD) remain a major growth enabler for the market. The quality of pellets is influenced by a variety of key factors, including the type and amount of fillers added and the nature of concentrated ore.
Blast furnace grade is preferred due to its cost-effectiveness compared to the conventional direct reduction grades (DR). It is widely utilized in the steelmaking process because of its adaptable design and quick large-scale output.
Integrated steel factories extensively use the blast furnace process. The key driver fueling the growth of the blast furnace grade is the lower cost of these iron ore pellets, together with a rise in integrated steel factories found in developed countries.
Why is Demand for Magnetite Iron Ore Gaining Traction?
“Higher Iron Content in Magnetite Driving its Popularity”
The market is segmented into magnetite, hematite, and others by source.
- Currently, magnetite iron ore holds 39% share of the global market.
Magnetite iron ore has remained a major growth factor for global iron ore pellet demand. Also, upper-hand capabilities and ease of availability prospered by these ores help steel makers reduce their overall cost of production.
The most magnetic occurring mineral on Earth, except the incredibly rare native iron deposits, is magnetite, one of the main minerals found in iron ores. Iron oxides and ferrimagnetic characteristics of magnetite are two significant factors promoting its market share.
The steel manufacturing process is greatly facilitated by the magnetic characteristics of such ores. As opposed to hematite ores, these ores provide higher-quality finished products. The increased use of magnetite in steel conversion and blast furnaces is a result of its greater iron concentration.
Competitive Landscape
Major businesses compete mostly on price and quality while focusing on long-term relationships with steel producers. To stay ahead of the competition, leading companies put a lot of emphasis on growing their production capacities, quality control, product standards, advancing technology, supply chain management, and forming strategic growth alliances.
For instance,
- In 2020, Rio Tinto committed to enhancing the iron ore price structure, particularly for the element used in steel production. The announcement boosts the company's capability for manufacturing and produces income going forward.
- In 2020, a four-year deal to supply Algoma Steel Inc. in Ontario, Canada with significant quantities of high-quality iron ore pellets was announced by the United States Steel Corporation.
Key Segments of Iron Ore Pellets Industry Research
-
By Grade :
- Direct Reduction (DR)
- Blast Furnaces (BF)
-
By Source :
- Magnetite
- Hematite
- Others
-
By Application :
- Iron-based Chemicals
- Steel Production
-
By End Use :
- Electric Induction Furnaces
- Oxygen-based/Blast Furnaces
- Electric Arc Furnaces
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Executive Summary – Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Product Evolution Roadmap 1.5. Fact.MR Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Iron Ore Pellets: Production Analysis 3.2. Evolution and Technology Transition 3.3. Apparent Production and Consumption of Iron Ore 3.4. Iron Ore Extraction Technologies 3.5. Pricing Strategy 3.6. Raw Material Sourcing Strategy 3.7. Associated Market Analysis 3.7.1. Global Steel Industry Outlook 3.7.2. Global Iron Ore Market Outlook 3.8. Recent Developments in Manufacturing 3.9. Manufacturing Sector at Fore-Front of Technology Adoption 3.10. Investment Vs. Adoption Model of new Technology in Business 3.11. Macro-Economic Factors - Global GDP Forecast and Outlook 3.12. Global GDP Growth Outlook, By Key Countries 3.13. Macro-Economic Factors - Per Capita GDP Growth Rate 3.14. Global Urbanization Growth Outlook 3.15. Global Population Overview 3.16. Competitive Scenario and Trends 3.16.1. Market Concentration Rate 3.16.2. List of Emerging, Prominent and Leading Players 3.16.3. Mergers & Acquisitions 3.17. Scenario Forecast (Demand in optimistic, likely, and conservative market conditions) 3.18. Macro-Economic Factors 3.19. Forecast Factors - Relevance & Impact 3.20. Market Dynamics 3.20.1. Market Driving Factors and Impact Assessment 3.20.2. Prominent Market Challenges and Impact Assessment 3.20.3. Market Opportunities 3.20.4. Prominent Trends in the Global Market & Their Impact Assessment 3.21. Value Chain 3.21.1. Raw Material Suppliers 3.21.2. Key Manufacturers 3.21.3. Key Distributors 3.21.4. Operating Margins 3.21.5. Notes on Value Added at Each Node in the Value Chain 3.22. COVID-19 Risk Assessment 3.22.1. COVID-19 Crisis and Impact on Market 3.22.2. COVID-19 Impact Benchmark with Previous Crisis 3.22.3. Impact on Market Volume (KT) and Value (US$ Bn) 4. Key Success Factors 4.1. Product Adoption / Consumption Analysis 4.2. Identifying Regions With Low Demand and Supply Gap 4.3. Key Success Strategies 4.4. Product Capacity and Bundled Product Offerings 5. Global Market Demand Analysis 2018-2022 and Forecast, 2023-2033 5.1. Historical Market Volume (KT) Analysis, 2018-2022 5.2. Current and Future Market Volume (KT) Projections, 2023-2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Source 6.2. Global Pricing Analysis By Grade 6.3. Pricing Break-up by Region 6.4. Global Average Pricing Analysis Benchmark 6.5. Factors Influencing Pricing 7. Global Market Demand (in Value US$ Bn) Analysis 2018-2022 and Forecast, 2023-2033 7.1. Historical Market Value (US$ Bn) Analysis, 2018-2022 7.2. Current and Future Market Value (US$ Bn) Projections, 2023-2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Grade 8.1. Introduction / Key Findings 8.2. Historical Market (US$ Bn) and Volume (KT) Analysis By Grade, 2018 - 2022 8.3. Current and Future Market (US$ Bn) and Volume (KT) Analysis and Forecast By Grade, 2023 - 2033 8.3.1. Direct reduction (DR) 8.3.2. Blast furnace (BF) 8.4. Market Attractiveness Analysis By Grade 9. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Source 9.1. Introduction / Key Findings 9.2. Historical Market (US$ Bn) and Volume (KT) Analysis By Source, 2018 - 2022 9.3. Current and Future Market (US$ Bn) and Volume (KT) Analysis and Forecast By Source, 2023 - 2033 9.3.1. Magnetite 9.3.2. Hematite 9.3.3. Others 9.4. Market Attractiveness Analysis By Source 10. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Application 10.1. Introduction / Key Findings 10.2. Historical Market (US$ Bn) and Volume (KT) Analysis By Application, 2018 - 2022 10.3. Current and Future Market (US$ Bn) and Volume (KT) Analysis and Forecast By Application, 2023 - 2033 10.3.1. Iron based chemicals 10.3.2. Steel production 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2018-2022 and Forecast 2023-2033, By End-use 11.1. Introduction / Key Findings 11.2. Historical Market (US$ Bn) and Volume (KT) Analysis By End-use, 2018 - 2022 11.3. Current and Future Market (US$ Bn) and Volume (KT) Analysis and Forecast By End-use, 2023 - 2033 11.3.1. Electric Induction Furnace 11.3.2. Oxygen based/Blast Furnace 11.3.3. Electric Arc Furnace 11.4. Market Attractiveness Analysis By End-use 12. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region 12.1. Introduction 12.2. Historical Market (US$ Bn) and Volume (KT) Analysis By Region, 2018 - 2022 12.3. Current Market (US$ Bn) and Volume (KT) Analysis and Forecast By Region, 2023 - 2033 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia & Oceania 12.3.6. Middle East and Africa (Middle East & Africa) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2018-2022 and Forecast 2023-2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 13.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 13.4.1. By Country 13.4.1.1. U.S. 13.4.1.2. Canada 13.4.2. By Grade 13.4.3. By Source 13.4.4. By Application 13.4.5. End-Use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Grade 13.5.3. By Source 13.5.4. By Application 13.5.5. End-Use 13.6. Key Regional Trends Impacting the Market 13.7. Market Dynamics & Their Impact Assessment 14. Latin America Market Analysis 2018-2022 and Forecast 2023-2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 14.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Grade 14.4.3. By Source 14.4.4. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Grade 14.5.3. By Source 14.5.4. By Application 14.5.5. End-Use 14.6. Key Regional Trends Impacting the Market 14.7. Market Dynamics & Their Impact Assessment 15. Europe Market Analysis 2018-2022 and Forecast 2023-2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 15.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. France 15.4.1.3. U.K. 15.4.1.4. Russia 15.4.1.5. Rest of Europe 15.4.2. By Grade 15.4.3. By Source 15.4.4. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Grade 15.5.3. By Source 15.5.4. By Application 15.5.5. End-Use 15.6. Key Regional Trends Impacting the Market 15.7. Market Dynamics & Their Impact Assessment 16. East Asia Market Analysis 2018-2022 and Forecast 2023-2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 16.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.2. By Grade 16.4.3. By Source 16.4.4. By Application 16.4.5. End-Use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Grade 16.5.3. By Source 16.5.4. By Application 16.5.5. End-Use 16.6. Key Regional Trends Impacting the Market 16.7. Market Dynamics & Their Impact Assessment 17. South Asia & Oceania Market Analysis 2018-2022 and Forecast 2023-2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 17.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 17.4.1. By Country 17.4.1.1. India 17.4.1.2. Thailand 17.4.1.3. Malaysia 17.4.1.4. Australia 17.4.1.5. Rest of South Asia & Oceania 17.4.2. By Grade 17.4.3. By Source 17.4.4. By Application 17.4.5. End-Use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Grade 17.5.3. By Source 17.5.4. By Application 17.5.5. End-Use 17.6. Key Regional Trends Impacting the Market 17.7. Market Dynamics & Their Impact Assessment 18. Middle East and Africa Market Analysis 2018-2022 and Forecast 2023-2033 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market (US$ Bn) and Volume (KT) Trend Analysis By Market Taxonomy, 2018 - 2022 18.4. Market (US$ Bn) and Volume (KT) Forecast By Market Taxonomy, 2023 - 2033 18.4.1. By Country 18.4.1.1. GCC Countries 18.4.1.2. Rest of Middle East and Africa 18.4.2. By Grade 18.4.3. By Source 18.4.4. By Application 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Grade 18.5.3. By Source 18.5.4. By Application 18.5.5. End-Use 18.6. Key Regional Trends Impacting the Market 18.7. Market Dynamics & Their Impact Assessment 19. Market Analysis 2018-2022 and Forecast 2023-2033, Key Country Analysis 19.1. Introduction 19.2. U.S. Market 19.2.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.2.1.1. By Grade 19.2.1.2. By Source 19.2.1.3. By Application 19.2.1.4. End-Use 19.3. Mexico Market 19.3.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.3.1.1. By Grade 19.3.1.2. By Source 19.3.1.3. By Application 19.3.1.4. End-Use 19.4. Brazil Market 19.4.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.4.1.1. By Grade 19.4.1.2. By Source 19.4.1.3. By Application 19.4.1.4. End-Use 19.5. Germany Market 19.5.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.5.1.1. By Grade 19.5.1.2. By Source 19.5.1.3. By Application 19.5.1.4. End-Use 19.6. France Market 19.6.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.6.1.1. By Grade 19.6.1.2. By Source 19.6.1.3. By Application 19.6.1.4. End-Use 19.7. U.K. Market 19.7.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.7.1.1. By Grade 19.7.1.2. By Source 19.7.1.3. By Application 19.7.1.4. End-Use 19.8. Russia Market 19.8.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.8.1.1. By Grade 19.8.1.2. By Source 19.8.1.3. By Application 19.8.1.4. End-Use 19.9. Japan Market 19.9.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.9.1.1. By Grade 19.9.1.2. By Source 19.9.1.3. By Application 19.9.1.4. End-Use 19.10. China Market 19.10.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.10.1.1. By Grade 19.10.1.2. By Source 19.10.1.3. By Application 19.10.1.4. End-Use 19.11. India Market 19.11.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.11.1.1. By Grade 19.11.1.2. By Source 19.11.1.3. By Application 19.11.1.4. End-Use 19.12. Australia Market 19.12.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.12.1.1. By Grade 19.12.1.2. By Source 19.12.1.3. By Application 19.12.1.4. End-Use 19.13. GCC Countries Market 19.13.1. Market Volume (KT) and Value (US$ Bn) Analysis and Forecast By Market Taxonomy 19.13.1.1. By Grade 19.13.1.2. By Source 19.13.1.3. By Application 19.13.1.4. End-Use 20. Global Market Structure Analysis 20.1. Market Analysis By Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 20.4.1. By Regional footprint of Players 20.4.2. Product footprint by Players 20.4.3. Channel footprint by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Pricing Analysis by Competition 21.3. Competition Benchmarking 21.4. Competition Deep Dive 21.4.1. Arcelor Mittal S.A. 21.4.1.1. Overview 21.4.1.2. Product Portfolio 21.4.1.3. Sales Footprint 21.4.1.4. Strategy Overview 21.4.2. Vale 21.4.2.1. Overview 21.4.2.2. Product Portfolio 21.4.2.3. Sales Footprint 21.4.2.4. Strategy Overview 21.4.3. Cleveland-Cliffs Inc. 21.4.3.1. Overview 21.4.3.2. Product Portfolio 21.4.3.3. Sales Footprint 21.4.3.4. Strategy Overview 21.4.4. Rio Tinto 21.4.4.1. Overview 21.4.4.2. Product Portfolio 21.4.4.3. Sales Footprint 21.4.4.4. Strategy Overview 21.4.5. Fortescue Metals 21.4.5.1. Overview 21.4.5.2. Product Portfolio 21.4.5.3. Sales Footprint 21.4.5.4. Strategy Overview 21.4.6. United States Steel Corporation 21.4.6.1. Overview 21.4.6.2. Product Portfolio 21.4.6.3. Sales Footprint 21.4.6.4. Strategy Overview 21.4.7. Bahrain Steel 21.4.7.1. Overview 21.4.7.2. Product Portfolio 21.4.7.3. Sales Footprint 21.4.7.4. Strategy Overview 21.4.8. ArcelorMittal 21.4.8.1. Overview 21.4.8.2. Product Portfolio 21.4.8.3. Sales Footprint 21.4.8.4. Strategy Overview 21.4.9. NMDC Limited 21.4.9.1. Overview 21.4.9.2. Product Portfolio 21.4.9.3. Sales Footprint 21.4.9.4. Strategy Overview 21.4.10. LKAB 21.4.10.1. Overview 21.4.10.2. Product Portfolio 21.4.10.3. Sales Footprint 21.4.10.4. Strategy Overview 21.4.11. Mitsubishi Corporation 21.4.11.1. Overview 21.4.11.2. Product Portfolio 21.4.11.3. Sales Footprint 21.4.11.4. Strategy Overview 21.4.12. BHP Billiton 21.4.12.1. Overview 21.4.12.2. Product Portfolio 21.4.12.3. Sales Footprint 21.4.12.4. Strategy Overview 21.4.13. Ferrexpo p2lc 21.4.13.1. Overview 21.4.13.2. Product Portfolio 21.4.13.3. Sales Footprint 21.4.13.4. Strategy Overview 21.4.14. Jindal SAW Limited 21.4.14.1. Overview 21.4.14.2. Product Portfolio 21.4.14.3. Sales Footprint 21.4.14.4. Strategy Overview 21.4.15. Xindia Steels Ltd 21.4.15.1. Overview 21.4.15.2. Product Portfolio 21.4.15.3. Sales Footprint 21.4.15.4. Strategy Overview 21.4.16. Metso Outotec 21.4.16.1. Overview 21.4.16.2. Product Portfolio 21.4.16.3. Sales Footprint 21.4.16.4. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 2: Global Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 3: Global Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 4: Global Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 5: Global Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 6: Global Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 7: Global Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 8: Global Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 9: Global Market Value (US$ Bn) and Volume (KT) Analysis by Region, 2018-2022
Table 10: Global Market Value (US$ Bn) and Volume (KT) Analysis by Region, 2023-2033
Table 11: North America Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 12: North America Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 13: North America Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 14: North America Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 15: North America Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 16: North America Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 17: North America Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 18: North America Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 19: North America Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 20: North America Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 21: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 22: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 23: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 24: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 25: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 26: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 27: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 28: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 29: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 30: Latin America Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 31: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 32: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 33: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 34: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 35: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 36: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 37: Europe Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 38: Europe Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 39: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 40: Europe Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 41: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 42: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 43: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 44: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 45: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 46: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 47: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 48: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 49: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 50: East Asia Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 51: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 52: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 53: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 54: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 55: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 56: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 57: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 58: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 59: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 60: South Asia & Oceania Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 61: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2018-2022
Table 62: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Grade, 2023-2033
Table 63: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2018-2022
Table 64: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Source, 2023-2033
Table 65: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2018-2022
Table 66: MEA Market Value (US$ Bn) and Volume (KT) Analysis by Application, 2023-2033
Table 67: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2018-2022
Table 68: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by End-use, 2023-2033
Table 69: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2018-2022
Table 70: Middle East & Africa Market Value (US$ Bn) and Volume (KT) Analysis by Country, 2023-2033
Table 71: US Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 72: US Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 73: Brazil Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 74: Brazil Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 75: Mexico Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 76: Mexico Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 77: Germany Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 78: Germany Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 79: France Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 80: France Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 81: U: K: Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 82: U: K: Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 83: Russia Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 84: Russia Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 85: China Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 86: China Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 87: Japan Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 88: Japan Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 89: India Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 90: India Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 91: Australia Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 92: Australia Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
Table 93: GCC Countries Market Value (US$ Bn) and Volume (KT) Analysis, 2018-2022
Table 94: GCC Countries Market Value (US$ Bn) and Volume (KT) Analysis, 2023-2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 2: Global Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 3: Global Market Incremental $ Opportunity, 2023-2033
Figure 4: Global Market Share Analysis by Grade, 2023 & 2033
Figure 5: Global Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 6: Global Market Attractiveness Analysis by Grade, 2023-2033
Figure 7: Global Market Share Analysis by Source, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 9: Global Market Attractiveness Analysis by Source, 2023-2033
Figure 10: Global Market Share Analysis by Application, 2023 & 2033
Figure 11: Global Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 12: Global Market Attractiveness Analysis by Application, 2023-2033
Figure 13: Global Market Share Analysis by End-use, 2023-2033
Figure 14: Global Market Attractiveness Analysis by End-use, 2023-2033
Figure 15: Global Market Share Analysis by Region - 2023 & 2033
Figure 16: Global Market Y-o-Y Growth Projections by Region, 2019-2033
Figure 17: Global Market Attractiveness Index by Region, 2023-2033
Figure 18: North America Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 20: North America Market Incremental $ Opportunity, 2023-2033
Figure 21: North America Market Share Analysis by Grade, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 23: North America Market Attractiveness Analysis by Grade, 2023-2033
Figure 24: North America Market Share Analysis by Source, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 26: North America Market Attractiveness Analysis by Source, 2023-2033
Figure 27: North America Market Share Analysis by Application, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 29: North America Market Attractiveness Analysis by Application, 2023-2033
Figure 30: North America Market Share Analysis by End-use, 2023-2033
Figure 31: North America Market Attractiveness Analysis by End-use, 2023-2033
Figure 32: North America Market Share Analysis by Country – 2023 & 2033
Figure 33: North America Market Y-o-Y Growth Projections by Country, 2019-2033
Figure 34: North America Market Attractiveness Analysis by Country, 2023-2033
Figure 35: Latin America Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 36: Latin America Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 37: Latin America Market Incremental $ Opportunity, 2023-2033
Figure 38: Latin America Market Share Analysis by Grade, 2023 & 2033
Figure 39: Latin America Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 40: Latin America Market Attractiveness Analysis by Grade, 2023-2033
Figure 41: Latin America Market Share Analysis by Source, 2023 & 2033
Figure 42: Latin America Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 43: Latin America Market Attractiveness Analysis by Source, 2023-2033
Figure 44: Latin America Market Share Analysis by Application, 2023 & 2033
Figure 45: Latin America Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 46: Latin America Market Attractiveness Analysis by Application, 2023-2033
Figure 47: Latin America Market Share Analysis by End-use, 2023-2033
Figure 48: Latin America Market Attractiveness Analysis by End-use, 2023-2033
Figure 49: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 50: Latin America Market Y-o-Y Growth Projections by Country, 2019-2033
Figure 51: Latin America Market Attractiveness Analysis by Country, 2023-2033
Figure 52: Europe Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 53: Europe Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 54: Europe Market Incremental $ Opportunity, 2023-2033
Figure 55: Europe Market Share Analysis by Grade, 2023 & 2033
Figure 56: Europe Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 57: Europe Market Attractiveness Analysis by Grade, 2023-2033
Figure 58: Europe Market Share Analysis by Source, 2023 & 2033
Figure 59: Europe Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 60: Europe Market Attractiveness Analysis by Source, 2023-2033
Figure 61: Europe Market Share Analysis by Application, 2023 & 2033
Figure 62: Europe Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 63: Europe Market Attractiveness Analysis by Application, 2023-2033
Figure 64: Europe Market Share Analysis by End-use, 2023-2033
Figure 65: Europe Market Attractiveness Analysis by End-use, 2023-2033
Figure 66: Europe Market Share Analysis by Country, 2023 & 2033
Figure 67: Europe Market Y-o-Y Growth Projection by Country, 2019- 2033
Figure 68: Europe Market Attractiveness Analysis by Country, 2023-2033
Figure 69: East Asia Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 70: East Asia Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 71: East Asia Market Incremental $ Opportunity, 2023-2033
Figure 72: East Asia Market Share Analysis by Grade, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 74: East Asia Market Attractiveness Analysis by Grade, 2023-2033
Figure 75: East Asia Market Share Analysis by Source, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 77: East Asia Market Attractiveness Analysis by Source, 2023-2033
Figure 78: East Asia Market Share Analysis by Application, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 80: East Asia Market Attractiveness Analysis by Application, 2023-2033
Figure 81: East Asia Market Share Analysis by End-use, 2023-2033
Figure 82: East Asia Market Attractiveness Analysis by End-use, 2023-2033
Figure 83: East Asia Market Share Analysis by Country – 2023 & 2033
Figure 84: East Asia Market Y-o-Y Growth Projections by Country, 2019-2033
Figure 85: East Asia Market Attractiveness Analysis by Country, 2023-2033
Figure 86: South Asia & Oceania Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 87: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 88: South Asia & Oceania Market Incremental $ Opportunity, 2023-2033
Figure 89: South Asia & Oceania Market Share Analysis by Grade, 2023 & 2033
Figure 90: South Asia & Oceania Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 91: South Asia & Oceania Market Attractiveness Analysis by Grade, 2023-2033
Figure 92: South Asia & Oceania Market Share Analysis by Source, 2023 & 2033
Figure 93: South Asia & Oceania Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 94: South Asia & Oceania Market Attractiveness Analysis by Source, 2023-2033
Figure 95: South Asia & Oceania Market Share Analysis by Application, 2023 & 2033
Figure 96: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 97: South Asia & Oceania Market Attractiveness Analysis by Application, 2023-2033
Figure 98: South Asia & Oceania Market Share Analysis by End-use, 2023-2033
Figure 99: South Asia & Oceania Market Attractiveness Analysis by End-use, 2023-2033
Figure 100: South Asia & Oceania Market Share Analysis by Country,2023 & 2033
Figure 101: South Asia & Oceania Market Y-o-Y Growth Projections by Country, 2019-2033
Figure 102: South Asia & Oceania Market Attractiveness Analysis by Country, 2023-2033
Figure 103: Middle East & Africa Market Value (US$ Bn), Volume (KT) Analysis, 2018-2033
Figure 104: Middle East & Africa Market Value Y-o-Y Growth and Forecast, 2019-2033
Figure 105: Middle East & Africa Market Incremental $ Opportunity, 2023-2033
Figure 106: Middle East & Africa Market Share Analysis by Grade, 2023 & 2033
Figure 107: Middle East & Africa Market Y-o-Y Growth Projections by Grade, 2019-2033
Figure 108: Middle East & Africa Market Attractiveness Analysis by Grade, 2023-2033
Figure 109: Middle East & Africa Market Share Analysis by Source, 2023 & 2033
Figure 110: Middle East & Africa Market Y-o-Y Growth Projections by Source, 2019-2033
Figure 111: Middle East & Africa Market Attractiveness Analysis by Source, 2023-2033
Figure 112: Middle East & Africa Market Share Analysis by Application, 2023 & 2033
Figure 113: Middle East & Africa Market Y-o-Y Growth Projections by Application, 2019-2033
Figure 114: Middle East & Africa Market Attractiveness Analysis by Application, 2023-2033
Figure 115: Middle East & Africa Market Share Analysis by End-use, 2023-2033
Figure 116: Middle East & Africa Market Attractiveness Analysis by End-use, 2023-2033
Figure 117: Middle East & Africa Market Share Analysis by Country,2023 & 2033
Figure 118: Middle East & Africa Y-o-Y Growth Projections by Country, 2019-2033
Figure 119: Middle East & Africa Market Attractiveness Analysis by Country, 2023-2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current size of the iron ore pellets market?
The global iron ore pellets market is valued at US$ 52.35 billion in 2023.
What is the forecasted size of the market for iron ore pellets for 2033?
Sales of iron ore pellets are forecasted to reach US$ 78.24 billion by 2033.
At what rate will the iron ore pellets market expand?
The market for iron ore pellets is set to rise at a CAGR of 4.1% through 2033.
Which grade accounts for the leading market share?
Blast furnace (BF) grade iron ore pellets account for 61% share of the global market.
Who are the key producers of iron ore pellets?
Vale, Rio Tinto, and ArcelorMittal S.A. are leading manufacturers of iron ore pellets.
Iron Ore Pellets Market