Data Bridge Market Research analyses that the iron ore pellet market was valued at USD 62.68 billion in 2021 and is expected to reach USD 84.35 billion by 2029, registering a CAGR of 3.78 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Market Definition

Iron ore pellets are the spheres of normally 8–18 mm (0.31–0.71 in) which is used as raw material for DRI Kilns and blast furnaces. They normally contain 63%-67% Fe and several other materials which is regulating the metallurgic properties and chemical composition of the pellets. For the formation of iron ore pellet use pelletizing process. It is an agglomeration process in which iron ore fines are converted into ‘uniformed sized iron ore pellets’ that can be charged directly into a vertical furnace or into a blast furnace (BF) or rotary kiln generally used for the production of direct reduced iron (DRI). 

Recent Development

·         In December 2020, Rio Tinto had declared their inclination to improve the rating system of iron ore, especially for the steelmaking constituent. The announcement helps in generates revenue for the business and growing the production capacity of the company in the future.

·         In October 2020, After the restart of various operations Vale had decided to improve the level of the production of the iron ore pellet in the third quarter. The business growth helps in rising the consumer base of the company which increases the sales of the industry.

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Global Iron Ore Pellet Market Scope

The iron ore pellet market is segmented on the basis of source, grade, technology, pelletizing Process, balling technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

·         Hematite

·         Magnetite

·         Taconite

·         Others

Grade

·         Blast Furnace

·         Direct Reduction

 Technology

·         Oxygen Based/Blast Furnace

·         Electric Arc Furnace

·         Electric Induction Furnace

Pelletizing Process

·         Grate Kiln

·         Straight Travelling Grate

Balling Technology

·         Balling Disc

·         Balling Drum

End User

·         Construction

·         Automotive

·         Railway

·         Consumer Goods

·         Shipping

·         Industrial

·         Aerospace

·         Others

Iron Ore Pellet Market Share Analysis

The iron ore pellet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to iron ore pellet market.

Some of the major players operating in the iron ore pellet market are:

·         Rio Tinto (UK)

·         BAILEY METAL PRODUCTS INC. (India)

·         Fortescue Metals Group Limited (Australia)

·         Hancock Prospecting Pty Ltd (Australia)

·         Vale (Brazil)

·         Cleveland-Cliffs Inc (US)

·         United States Steel Corporation (US)

·         ArcelorMittal (Luxambourg)

·         LKAB Koncernkontor Box (Sweden)

·         NMDC Limited (India)

·         Mitsubishi Corporation (Japan)

·         Metso Outotec (Finland)

·         KIOCL Limited (India)

·         FERREXPO PLC (Switzerland)

·         JINDAL SAW LTD. (India)

·         METALLOINVEST MC LLC (Russia)

·         SIMEC (UK)

·         Anglo American Plc (UK)

·         BHP (Australia), Evraz, (UK)

·         Metinvest (Ukraine)

·         Arya Group (India)

·         Rexon Strips Limited (India)

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The iron ore pellet market is analysed and market size insights and trends are provided by country, source, grade, technology, pelletizing Process, balling technology and end-user as referenced above.

The countries covered in the iron ore pellet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the iron ore pellet market in terms of revenue and market share during the forecast period. This is due to the increasing demand for iron ore pellet in this region. The Asia-Pacific region leads the iron ore pellet market, with China leading the way in terms of production and consumption of iron ore. Due of the ease of producing iron ore, China is leading the Asia-Pacific market.

During the projected period, North America is anticipated to be the fastest developing region due to higher demand of Steel in extremely energy-intensive industry and iron pellet reduces the cost in this region.

TOC Of The Report :

·         Chapter One: Introduction

·         Chapter Two: Market Segmentation

·         Chapter Three: Market Overview

·         Chapter Four: Executive Summary

·         Chapter Five: Premium Insights

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