市場調査レポート
商品コード
1429843
鉄鉱石の世界市場レポート 2024Iron Ore Global Market Report 2024 |
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鉄鉱石の世界市場レポート 2024 |
出版日: 受注後更新
発行: The Business Research Company
ページ情報: 英文 250 Pages
納期: 2~10営業日
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鉄鉱石の市場規模は、今後数年間で大幅な成長が見込まれています。 2028年には7.1%の年間複合成長率(CAGR)で5,980億3,000万米ドルに成長すると予想されます。予測期間中に予想される成長は、都市化の進行、ヘルスケア費の増加、住宅部門の成長に起因すると考えられます。この期間に予想される主な動向には、先端技術を駆使した革新的な技術ツールの開発、革新的な脱炭素技術の導入、先進的な鉄鉱石ハブの設立、現代企業とのコラボレーション、新しいデジタルツールの立ち上げ、採掘プロセスにおける自動化の活用などが含まれます。
予想される建設活動の急増により、近い将来、鉄鉱石市場の成長が促進されると見られています。建設には、詳細な設計と計画を活用して、さまざまな要素を組み合わせて特定の場所に構造を作成することが含まれます。 鉄鉱石は、建物、橋、道路などのさまざまな構造物に使用される基本的な建設資材である鉄鋼の生産において重要な役割を果たします。特に、2021年6月、Stats NZタタウランガ・アオテアロアは、ニュージーランドにおける2021年3月の建築活動が3.7%増加したと報告しました。さらに、住宅活動は2020年と比較して2021年に4.3%増加しました。さらに、米国国勢調査局は、建設活動の価値が10.2%増加し、2021年の1兆6,264億米ドルから2022年には1兆7,929億米ドルに達したことを強調しました。これらの活動は、鉄鉱石市場の成長にとって重要な触媒です。
ヘルスケアへの資金配分の増加により、予測期間中に鉄鉱石市場が推進されると予想されます。ヘルスケア支出には、飲料水と衛生費を除く、医療サービスの提供に関連するすべての費用が含まれます。 鉄鉱石は鉄鋼の製造に不可欠であり、医療機器の製造において主要な金属です。スチールは世界中の病院で衛生と清潔さを維持するために広く使用されています。たとえば、米国メディケア・メディケイド・サービスセンターによる2021~2030年の国民医療支出(NHE)報告書では、国民医療支出が年間5.1%増加し、2030年までに約6兆8,000億米ドルに達すると予測されています。この期間中のメディケア支出は、は年率7.2%で成長しており、メディケイド支出は年間5.6%増加すると予測されています。したがって、増大するヘルスケア費は鉄鉱石市場の成長の原動力となっています。
Iron mining involves the extraction of iron ore, primarily utilizing surface mining methods due to their cost-effectiveness. In this process, rocks are combined with water and transformed into powder using spinning mills. Magnetism is then employed to separate iron ore from the taconite.
The primary types of iron mining are categorized as construction, manufacturing, and other types. Construction typically refers to the act or result of construing, interpreting, or explaining. In terms of iron, the carbon content leads to different forms, including pig iron, wrought iron, and cast iron. The mining methods encompass both underground mining and surface mining.
The iron ore market research report is one of a series of new reports from The Business Research Company that provides iron ore market statistics, including iron ore industry global market size, regional shares, competitors with an iron ore market share, detailed iron ore market segments, market trends and opportunities, and any further data you may need to thrive in the iron ore industry. This iron ore market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The iron ore market size has grown strongly in recent years. It will grow from $420.08 billion in 2023 to $455.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed in the historical period can be attributed to growing demand from the energy sector, strong economic growth in emerging markets, increasing construction activities, and the growth of automotive production.
The iron ore market size is expected to see strong growth in the next few years. It will grow to $598.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to increasing urbanization, rising healthcare expenditure, and the growing residential sector. Key trends expected in this period include the development of innovative technological tools using advanced technologies, the introduction of innovative decarbonization technologies, the establishment of advanced iron ore hubs, collaboration with contemporary companies, the launch of new digital tools, and the leveraging of automation in mining processes.
The anticipated surge in construction activities is poised to drive the growth of the iron ore market in the foreseeable future. Construction involves assembling various elements to create structures for specific locations, utilizing detailed designs and plans. Iron ore plays a critical role in steel production, a fundamental construction material used in diverse structures such as buildings, bridges, and roads. Notably, in June 2021, Stats NZ Tatauranga Aotearoa reported a 3.7% increase in building activities in March 2021 in New Zealand. Moreover, residential activities experienced a 4.3% rise in 2021 compared to 2020. Additionally, the US Census Bureau highlighted a 10.2% growth rate in the value of construction activities, reaching $1,792.9 billion in 2022 from $1,626.4 billion in 2021. Thus, the escalating construction activities are a significant catalyst for the iron ore market's growth.
The increasing allocation of funds to healthcare is expected to propel the iron ore market during the forecast period. Healthcare expenditure encompasses all costs related to providing health services, excluding expenses for drinking water and sanitation. Iron ore, essential for producing steel, is a predominant metal in the manufacturing of medical equipment. Steel is widely used in maintaining sanitation and cleanliness in hospitals globally. For example, the 2021-2030 National Health Expenditure (NHE) report by the US Centers for Medicare & Medicaid Services predicted a 5.1% annual increase in national health spending, reaching approximately $6.8 trillion by 2030. During this period, Medicare expenditures are expected to grow at a 7.2% annual rate, and Medicaid spending is forecasted to increase by 5.6% annually. Therefore, the escalating healthcare expenditure is a driving force behind the growth of the iron ore market.
Companies in the iron ore market are leveraging innovative technological tools and advanced technologies to foster market growth. In September 2021, Metso Outotec, a Finland-based technology and service provider, introduced solutions aimed at enhancing process efficiency, production capability, and product quality while reducing energy consumption and environmental impact. The digital solutions include the Metso Outotec Optimizing Control System OCS-4D, Planet Positive Optimus advanced process control system, VisioPellet pellet size-control system, and Pallet Car Condition Monitoring System. Additionally, the company introduced an operator training program utilizing cutting-edge simulation technologies in a safe virtual plant environment.
Collaborations and partnerships have emerged as a prominent trend in the iron ore market, with companies strategically engaging in such alliances to bolster their market standing. For instance, in June 2021, Rana Gruber, a Norway-based iron ore company, joined forces with Cargill Metals, a US-based steel trader, to consistently deliver high-quality iron and ore products to their customers. This collaboration allows Rana Gruber to benefit not only from Cargill's cost-effective risk management and marketing solutions but also, significantly, from its global network and specialized industry knowledge along the ferrous supply chain. These advantages enable Rana Gruber to focus on its core competencies, such as mining and research and development, aiming to enhance the grade of its high-grade iron ore product, hematite, from 62% to 65%. Additionally, in September 2022, Rio Tinto, a UK-based mining company, partnered with Baowu, a China-based iron and steel company, for a $2 billion iron ore project in Australia. This collaborative venture in Western Australia aims to develop 25 million tons of iron ore, with Rio Tinto holding 54% ownership and state-owned Baowu having the remaining 46%. The joint venture will invest $2 billion in the project's development, with a $1.3 billion contribution from Rio Tinto.
In January 2023, Cyclone Metals Limited, an Australia-based iron ore company, successfully acquired Labrador Iron Pty Ltd. for an undisclosed amount. This strategic acquisition allows Cyclone Metals to expand its iron ore portfolio with the addition of the largest magnetite iron ore deposit project. The move reflects a shift towards clean energy and a commitment to reducing global carbon emissions. The unique appeal of magnetite ores positions them favorably compared to hematite ores, contributing to a more environmentally sustainable footprint for the steel industry. Labrador Iron Pty Ltd., based in Canada, specializes in the exploration, development, and mining of iron ore projects.
Major companies operating in the iron ore market report are Vale S.A, Rio Tinto, BHP, Fortescue Metals Group Ltd., Anglo American PLC, National Mineral Development Corporation, Metinvest, Angang Steel Company Limited, Ferrexpo, Atlas Iron, Sesa Goa Iron Ore, Sumitomo Metal Industries Ltd., M.S India Iron Ore Mines Private Limited, Vedanta Limited, Kudremukh Iron Ore Company, MSPL Limited, ITOCHU Corporation, Marubeni Corporation, Baoshan Iron & Steel Co Ltd., Ansteel Group Corporation Limited, Minmetals Land Limited, Zijin Mining Group Company Limited, Luossavaara-Kiirunavaara Aktiebolag, Sydvaranger AS, Rana Gruber AS, Beowulf Mining PLC, SIMEC Group, Metalloinvest MC LLC, Severstal Group, Evraz Group SA, NLMK Group, Mechel, Black Iron, ArcelorMittal SA, POSCO, Amaroq Minerals Ltd., Greenland Resources Inc., Bluejay Mining PLC, Redpath Mining Inc., Agnico Eagle Mines Limited, United States Steel Corporation, Cleveland-Cliffs Inc., CSN MINERACAO, Kinross Brasil Mineracao SA, AndesMinerals SA, Coro Mining Corp, Ma'aden, Chadormalu Mining & Industrial Co, Golgohar Mining & Industrial Co, KOC Holding AS, Iran Central Iron Ore Co, Kumba Iron Ore Limited, Sedibeng Iron Ore, Assmang, Richards Bay Minerals, African Natural Resources and Mines Limited, Tshipi Borwa Mine, Khumani Mine, Sishen Mine
Asia-Pacific was the largest region in the iron ore market in 2023. The regions covered in the iron ore market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the iron ore market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The iron mining market includes revenues earned by entities by making steel, auto parts, and catalyst. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Iron Ore Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on iron ore market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iron ore? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iron ore market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.