鉄鉱石ペレットの世界市場：2028年までの予測 - グレード、供給元、技術、用途、地域別の分析

Stratistics MRCによると、鉄鉱石ペレットの世界市場は2022年に600億米ドルを占め、2028年には820億米ドルに達すると予測され、予測期間中にCAGR5.4％で成長する見込みです。

鉄鉱石ペレットは、鉄鉱石の球状ボールで、鉄鋼製造に使用されます。鉄鉱石ペレットは、鉄鉱石から製造される小さな球の一種です。鉄鉱石ペレットは、様々な産業で存在しています。鉄鉱石ペレットは、酸素ベース/高炉、電気誘導炉、および他の様々な技術で製造されています。それは、エンドユーザーに引張強度だけでなく、耐久性を提供するのに役立ちます。

世界鉄鋼協会によると、世界の完成した鉄鋼市場の呼び出しは約16億8,000万米ドルメトリックロットで期待されていると、それは予測時間枠にわたってかなりの速度で開発するつもりだ.世界鉄鋼協会によると、世界の粗鋼生産量は3.4%増の18億6,990万トンとなりました。

市場力学

促進要因

高品位塊鉱の不在

以前は、塊鉱が製造工程における鉄の主な供給源でした。しかし、多くの企業による大規模な採掘活動により、高品位塊鉱の埋蔵量は時間の経過とともに急速に減少しています。また、塊鉱を使用した場合の焼結工程は、ペレット化工程に比べて公害が発生するため、大手製鉄会社は塊鉱よりも鉄鉱石ペレットを高炉原料として使用することを好んでいます。さらに、工業化の進展に伴う建築・建設産業の成長に伴い、鉄鋼需要の拡大が予測されます。このような理由から、鉄鉱石ペレットの需要は拡大しています。

抑制要因

原料価格の変動

鉄鋼に依存する市場であるため、原料価格の変動はデメリットとなります。鉄鉱石ペレットは、鉄鉱石を原料として製造されますが、高度に専門化した設備が必要であり、訓練された人材が必要で、ゼラチンカプセルへの充填が困難であるなどの問題があります。これらの要因が、鉄鉱石ペレット市場の成長を阻害するものと考えられます。

機会

投資と政府の取り組み

製品用途をさらに強化する研究開発活動への大規模な投資は、市場参加者に有益な機会を拡大します。多くの産業と同様に、持続可能性への注目が高まるにつれ、生産者は利用可能なあらゆる資源を潜在的な原料として検討するようになりました。さらに、様々な政府がより持続可能な鉄鋼生産に向けた動きを見せており、鉄鉱石ペレット市場の今後の成長をさらに拡大させるでしょう。

脅威

代替品の入手しやすさ

鉄鋼の代替品として、主に自動車用途でアルミニウムが使用されており、鉄鋼の需要を抑制すると予測されます。炭素繊維は、その軽量性、高強度、耐荷重性により、自動車産業で広く使用されています。自動車メーカーは、自動車が環境に与える影響に関する規制要件を満たすよう、強い圧力を受けています。そのため、鉄鉱石ペレット市場の成長に影響を及ぼしています。

COVID-19の影響

最近のコロナウイルスの発生は、鉄鉱石ペレット市場にマイナスの影響を与えました。鉄鋼生産サービスの世界の停止は、主に市場に影響を与えました。鉄鋼の使用量が減少し、世界各地の鉄鉱石価格に影響を与えました。また、様々なサプライチェーンだけでなく、他の操作の停止は、主に市場に影響を与えました。さらに、個々の規制機関は、これらの強制的なロックダウンを緩和し始める。今後も、操業停止や操業中止は継続され、市場は拡大すると予想されます。

予測期間中、高炉部門が最大となる見込み

高炉セグメントは、直接還元法で使用される鉄ペレットと比較して低品位品であるため、同品位品と比較して低コストであることから、有利な成長が見込まれます。高炉法では、通常、一貫製鉄所で使用されます。この鉄鉱石ペレットの低コスト化と、新興経済諸国に見られる豊富な一貫製鉄所の存在が、高炉部門の成長を押し上げる主な要因となっています。

予測期間中、電気誘導炉セグメントのCAGRが最も高くなると予想されます。

電気誘導炉セグメントは、エネルギー効率が高く、クリーンで、簡単に制御可能な溶解プロセスを可能にする能力により、予測期間中に最も速いCAGRの成長を示すと予測されています。公害の低減や優れた冶金的制御といった様々な利点が、この技術に対する需要を押し上げています。さらに、従来の燃焼源がないため酸化ロスを最小限に抑え、電気誘導炉は歩留まりを向上させ、これも需要を増やしています。

最もシェアの高い地域

アジア太平洋地域は、均一なサイズと高い金属化率を含む様々な利点により、予測期間中に最大の市場シェアを占めると予測されています。また、都市化の進展や自動車メーカーの進出に伴う建築物の建設が、同地域の鉄鉱石ペレットの需要を喚起するものと思われます。同地域における建設・インフラプロジェクトの急速な拡大は鉄鋼需要に拍車をかけ、結果として予測期間中の鉄鉱石ペレット需要を促進することが期待されています。

CAGRが最も高い地域

欧州は、エネルギー集約型産業における鉄鋼需要の高さと鉄ペレットによるコスト削減により、予測期間において最も高いCAGRを達成すると予想されます。電気自動車の生産台数の増加、建設、航空宇宙・防衛、自動車産業からの需要、航空機製造事業の復活が需要を牽引すると予想されます。このため、鉄鉱石ペレットの需要は増加すると考えられます。

主な発展

2022年3月、ArcelorMittalはGreenko Group Indiaと提携し、戦略的な再生可能エネルギーパートナーシップを確立しました。

2020年12月、リオ・ティントは、鉄鉱石の価格体系、特に製鋼原料の価格体系を改善する意向を表明しました。この発表は、同社の生産能力を向上させ、今後の事業の収益に貢献するものです。

2020年10月、ヴァーレは複数の操業再開後、第3四半期に鉄鉱石ペレットの生産水準を高めることを決定しました。事業拡大は、事業の売上高を高める会社の顧客基盤を増加させるのに役立ちます。

本レポートの内容

• 地域別・国別セグメントの市場シェア評価
• 新規参入企業への戦略的提言
• 2020年、2021年、2022年、2025年、2028年の市場データを網羅
• 市場動向（市場促進要因・促進要因・機会・脅威・課題・投資機会・提言）を網羅
• 市場推定に基づく、主要ビジネスセグメントにおける戦略的推奨事項
• 主要な共通トレンドをマッピングした競合情勢
• 詳細な戦略、財務、最近の開発状況を含む企業プロファイル
• 最新の技術的進歩をマッピングしたサプライチェーン動向

無料カスタマイズサービス

本レポートをご購読のお客様には、以下のカスタマイズオプションのいずれかを無償でご提供いたします。

• 企業プロファイル
  • 追加市場プレイヤーの包括的なプロファイリング（最大3社まで）
  • 主要プレイヤーのSWOT分析（3社まで）
• 地域別セグメンテーション
  • お客様のご希望に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによります。）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要プレイヤーのベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 仮定

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 技術分析
• アプリケーション分析
• 新興市場
• COVID-19の影響

第4章 ポーターズファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界の鉄鉱石ペレット市場：グレード別

• 高炉
• 直接還元
• その他のグレード

第6章 世界の鉄鉱石ペレット市場：ソース別

• ヘマタイト
• タコナイト
• マグネタイト
• その他の情報源

第7章 世界の鉄鉱石ペレット市場：技術別

• 酸素系・高炉
• 電気アーク炉
• 電気誘導炉
• その他の技術

第8章 世界の鉄鉱石ペレット市場：用途別

• 鉄鋼生産
• 鉄系化学品
• その他のアプリケーション

第9章 世界の鉄鉱石ペレット市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイル

• Cleveland-Cliffs, Inc.
• Jindal SAW Ltd
• Rio Tinto Group
• Vale S.A.
• BHP Billiton
• ArcelorMittal S.A
• United States Steel Corporation
• Mitsubishi Corporation
• NMDC Limited
• Bahrain Steel
• Fortescue Metals
• Xindia Steels Ltd.
• Ferrexpo p2lc
• Metso Outotec
• LKAB Koncernkontor
• KIOCL Limited
• Iron Ore Company of Canada
• METALLOINVEST MC LLC
• Tata Steel
• SAIL

List of Tables

• Table 1 Global Iron Ore Pellets Market Outlook, By Region (2020-2028) ($MN)
• Table 2 Global Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 3 Global Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 4 Global Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 5 Global Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 6 Global Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 7 Global Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 8 Global Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 9 Global Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 10 Global Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 11 Global Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 12 Global Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 13 Global Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 14 Global Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 15 Global Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 16 Global Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 17 Global Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 18 Global Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 19 Global Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)
• Table 20 North America Iron Ore Pellets Market Outlook, By Country (2020-2028) ($MN)
• Table 21 North America Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 22 North America Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 23 North America Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 24 North America Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 25 North America Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 26 North America Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 27 North America Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 28 North America Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 29 North America Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 30 North America Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 31 North America Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 32 North America Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 33 North America Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 34 North America Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 35 North America Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 36 North America Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 37 North America Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 38 North America Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)
• Table 39 Europe Iron Ore Pellets Market Outlook, By Country (2020-2028) ($MN)
• Table 40 Europe Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 41 Europe Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 42 Europe Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 43 Europe Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 44 Europe Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 45 Europe Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 46 Europe Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 47 Europe Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 48 Europe Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 49 Europe Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 50 Europe Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 51 Europe Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 52 Europe Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 53 Europe Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 54 Europe Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 55 Europe Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 56 Europe Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 57 Europe Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)
• Table 58 Asia Pacific Iron Ore Pellets Market Outlook, By Country (2020-2028) ($MN)
• Table 59 Asia Pacific Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 60 Asia Pacific Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 61 Asia Pacific Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 62 Asia Pacific Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 63 Asia Pacific Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 64 Asia Pacific Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 65 Asia Pacific Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 66 Asia Pacific Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 67 Asia Pacific Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 68 Asia Pacific Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 69 Asia Pacific Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 70 Asia Pacific Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 71 Asia Pacific Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 72 Asia Pacific Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 73 Asia Pacific Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 74 Asia Pacific Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 75 Asia Pacific Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 76 Asia Pacific Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)
• Table 77 South America Iron Ore Pellets Market Outlook, By Country (2020-2028) ($MN)
• Table 78 South America Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 79 South America Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 80 South America Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 81 South America Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 82 South America Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 83 South America Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 84 South America Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 85 South America Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 86 South America Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 87 South America Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 88 South America Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 89 South America Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 90 South America Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 91 South America Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 92 South America Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 93 South America Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 94 South America Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 95 South America Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)
• Table 96 Middle East & Africa Iron Ore Pellets Market Outlook, By Country (2020-2028) ($MN)
• Table 97 Middle East & Africa Iron Ore Pellets Market Outlook, By Grade (2020-2028) ($MN)
• Table 98 Middle East & Africa Iron Ore Pellets Market Outlook, By Blast Furnaces (2020-2028) ($MN)
• Table 99 Middle East & Africa Iron Ore Pellets Market Outlook, By Direct Reduction (2020-2028) ($MN)
• Table 100 Middle East & Africa Iron Ore Pellets Market Outlook, By Other Grades (2020-2028) ($MN)
• Table 101 Middle East & Africa Iron Ore Pellets Market Outlook, By Source (2020-2028) ($MN)
• Table 102 Middle East & Africa Iron Ore Pellets Market Outlook, By Hematite (2020-2028) ($MN)
• Table 103 Middle East & Africa Iron Ore Pellets Market Outlook, By Taconite (2020-2028) ($MN)
• Table 104 Middle East & Africa Iron Ore Pellets Market Outlook, By Magnetite (2020-2028) ($MN)
• Table 105 Middle East & Africa Iron Ore Pellets Market Outlook, By Other Sources (2020-2028) ($MN)
• Table 106 Middle East & Africa Iron Ore Pellets Market Outlook, By Technology (2020-2028) ($MN)
• Table 107 Middle East & Africa Iron Ore Pellets Market Outlook, By Oxygen-based/Blast Furnaces (2020-2028) ($MN)
• Table 108 Middle East & Africa Iron Ore Pellets Market Outlook, By Electric Arc Furnaces (2020-2028) ($MN)
• Table 109 Middle East & Africa Iron Ore Pellets Market Outlook, By Electric Induction Furnaces (2020-2028) ($MN)
• Table 110 Middle East & Africa Iron Ore Pellets Market Outlook, By Other Technologies (2020-2028) ($MN)
• Table 111 Middle East & Africa Iron Ore Pellets Market Outlook, By Application (2020-2028) ($MN)
• Table 112 Middle East & Africa Iron Ore Pellets Market Outlook, By Steel Production (2020-2028) ($MN)
• Table 113 Middle East & Africa Iron Ore Pellets Market Outlook, By Iron-based Chemicals (2020-2028) ($MN)
• Table 114 Middle East & Africa Iron Ore Pellets Market Outlook, By Other Applications (2020-2028) ($MN)

According to Stratistics MRC, the Global Iron Ore Pellets Market is accounted for $60 billion in 2022 and is expected to reach $82 billion by 2028 growing at a CAGR of 5.4% during the forecast period. Iron ore pellets are spherical balls of iron ore that are used in steel manufacturing. Iron ore pellets are the kind of balls that are small in size manufactured from iron ore. The iron ore pellets are present in various industries. The iron ore pellets are manufactured with various technologies such as oxygen-based/blast furnace, electric induction furnace, and various other technologies. It helps in providing the tensile strength as well as durability to the end-users.

According to the World Steel Association, a global completed steel marketplace call for has been expected at around USD 1.68 billion metric lots and it's going to develop at a sizable rate over the forecast timeframe. According to the World Steel Association, the global crude steel production increased by 3.4 percent to 1,869.9 million tons.

Market Dynamics:

Driver:

Absence of high-grade lump ore

Before, lump ores were the main source of iron in the manufacturing process. However, due to extensive mining activity by many corporations, high-grade lump ore reserves have been quickly diminishing over time. Furthermore, the sintering process, which is used when lump ore is used, produces more pollution than the pelletizing process, so major steel companies prefer to use iron ore pellets as blast furnace feed over lump ore. Furthermore, the steel demand is predicted to rise as the building and construction industry grows with rising industrialization. As a result of these reasons, the demand for iron ore pellets is expanding.

Restraint:

Fluctuations in raw material prices

The market is heavily needy on iron and steel and consequently, the fluctuations in the price of raw material will prove to be a demerit for the iron ore pellets market. However, it requires highly specialized equipment, requires trained personnel, filling into gelatin capsules is difficult. These factors are expected to hamper growth of the global iron ore pellets market.

Opportunity:

Investments and Government Initiatives

Significant investments in research and development activities that further enhance product applications extend profitable opportunities to the market players. As with many industries, an increasing focus on sustainability has prompted producers to look at every available resource as a potential raw material. Additionally, various governments have taken a move towards more sustainable steel production will further expand the future growth of the iron ore pellets market.

Threat:

Accessibility of substitutes

The use of aluminum as a substitute to steel, mainly in automotive applications, is projected to restrain the demand for steel. Carbon fibers are also widely being used in the automotive industry due to their lightness, high strength, and load-bearing properties. Automobile manufacturers are under rising pressure to meet the regulatory requirements pertaining to the environmental impact of vehicles. Thus, impacting the growth of the iron ore pellets market

COVID-19 Impact

The recent outbreak of corona virus had a negative impact on the iron ore pellets market. The global suspension of steel-producing services largely affected the market. Falling steel use, this has had an influence on iron ore pricing in various parts of the world. Moreover, the halt of various supply chain, as well as the other operations, largely impacted the market. Moreover, the individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.

The blast furnace segment is expected to be the largest during the forecast period

The blast furnace segment is estimated to have a lucrative growth, due to it is a lower grade product when compared to iron pellets used in direct reduced method, and therefore has a lower cost compared to its counterpart. Blast furnace method is usually found in integrated steel plants. Lower cost of these iron ore pellets, coupled with the abundance of integrated steel plants found in developed economies, is the primary factor boosting the growth of the BF segment.

The electric induction furnace segment is expected to have the highest CAGR during the forecast period

The electric induction furnace segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its ability to allow energy efficient, clean, and easily controllable melting process. Various benefits, such as reduced pollution and superior metallurgical control, are boosting the demand for technology. Moreover, as the absence of traditional combustion sources minimizes the oxidation loss, the electric induction furnace improves yielding capability, which is also increasing its demand.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its various benefits, including uniform size and high metallization rate. Also, growing urbanization and associated constructions associated with the presence of various automotive majors are expected to stimulate demand for iron ore pellets in this region. The quick growth in the construction & infrastructural projects in the region are expected to spur the demand for steel, and subsequently drive iron ore pellet demand during the forecast period.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the high demand of steel in highly energy-intensive industry and iron pellet reduces the cost. The increasing production of electric vehicles, demand from construction, aerospace & defence, and automotive industries and revival of aircraft manufacturing operations is expected to drive demand. This is likely to in turn increase the demand for iron ore pellets.

Key players in the market

Some of the key players profiled in the Iron Ore Pellets Market include Cleveland-Cliffs, Inc., Jindal SAW Ltd, Rio Tinto Group, Vale S.A., BHP Billiton, ArcelorMittal S.A, United States Steel Corporation, Mitsubishi Corporation, NMDC Limited, Bahrain Steel, Fortescue Metals, Xindia Steels Ltd., Ferrexpo p2lc, Metso Outotec, LKAB Koncernkontor , KIOCL Limited, Iron Ore Company of Canada, METALLOINVEST MC LLC, Tata Steel and SAIL.

Key Developments:

In March 2022, ArcelorMittal partnered with Greenko Group India to establish a strategic renewable energy partnership.

In December 2020, Rio Tinto announced their willingness to improve the pricing system of iron ore, especially for steelmaking ingredient. The announcement helps increase the company's production capacity and generates revenue for the business in the future.

In October 2020, Vale decided to enhance the level of the output of the iron ore pellet in the third quarter after the restart of several operations. The business expansion helps in increasing the customer base of the company which enhances sales of the business.

Grades Covered:

• Blast Furnaces (BF)
• Direct Reduction (DR)
• Other Grades

Sources Covered:

• Hematite
• Taconite
• Magnetite
• Other Sources

Technology Covered:

• Oxygen-based/Blast Furnaces
• Electric Arc Furnaces
• Electric Induction Furnaces
• Other Technologies

Applications Covered:

• Steel Production
• Iron-based Chemicals
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Iron Ore Pellets Market, By Grade

• 5.1 Introduction
• 5.2 Blast Furnaces
• 5.3 Direct Reduction
• 5.4 Other Grades

6 Global Iron Ore Pellets Market, By Source

• 6.1 Introduction
• 6.2 Hematite
• 6.3 Taconite
• 6.4 Magnetite
• 6.5 Other Sources

7 Global Iron Ore Pellets Market, By Technology

• 7.1 Introduction
• 7.2 Oxygen-based/Blast Furnaces
• 7.3 Electric Arc Furnaces
• 7.4 Electric Induction Furnaces
• 7.5 Other Technologies

8 Global Iron Ore Pellets Market, By Application

• 8.1 Introduction
• 8.2 Steel Production
• 8.3 Iron-based Chemicals
• 8.4 Other Applications

9 Global Iron Ore Pellet Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Cleveland-Cliffs, Inc.
• 11.2 Jindal SAW Ltd
• 11.3 Rio Tinto Group
• 11.4 Vale S.A.
• 11.5 BHP Billiton
• 11.6 ArcelorMittal S.A
• 11.7 United States Steel Corporation
• 11.8 Mitsubishi Corporation
• 11.9 NMDC Limited
• 11.10 Bahrain Steel
• 11.11 Fortescue Metals
• 11.12 Xindia Steels Ltd.
• 11.13 Ferrexpo p2lc
• 11.14 Metso Outotec
• 11.15 LKAB Koncernkontor
• 11.16 KIOCL Limited
• 11.17 Iron Ore Company of Canada
• 11.18 METALLOINVEST MC LLC
• 11.19 Tata Steel
• 11.20 SAIL