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Global Iron Ore Pellets Market Analysis and Forecast to 2027

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  • 172 Pages
  • March 2021
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5305851
According to the publisher, the Iron Ore pellets is expected to grow at a significant rate during the forecast period growing at a CAGR of 3.37% during the forecast period 2021-2027. The demand for iron ore pellets has increased especially after various governments have taken step towards more sustainable steel production acting as an opportunity for the iron ore pellets market. The consumption of Iron ore pellet is majorly driven by rising steel demand from end-users including, Automotive, Manufacturing, Defense and Construction sector among others.

Limited Availability of High-grade Lump

  • Mined iron ore contains lumps of varying size, the biggest one is more than 1 meter (40 inches) across and the smallest one is about 1 millimeter (0.04 inch). Globally, around two billion tonnes of iron ore (average 62%) is used in the form of lumps/sinter/pellets to produce steel.
  • Earlier, lump ores were the primary source used in the iron making process. However, over the years, high-grade lump ore reserves have been gradually depleting, attributable to excessive mining activities by multiple companies.
  • This limited availability of high-grade lump ore is becoming a cause of concern for the iron & steel industry, as it is becoming increasingly difficult to find suitable lump ore for direct use in blast furnaces. Shortage of high-grade iron ore lumps is a major driver of iron ore pellet sales.

Innovations in Iron ore pelletizing

  • The pelletizing process is currently the most widely used option for producing suitable agglomerates for ironmaking applications from fines of iron ore concentrates.
  • Quality requirements for Direct Reduced method pellets are higher and since lump ore of the required quality is not available, pellets are the only viable feed for new Direct Reduced method plants.
  • Iron Ore Pellets provide advantages to end users, such as improved productivity of blast furnaces, opportunity to increase the iron content of the charge materials, and superior environmental performance of pellet plants as compared to sinter plants. Consequently, the number of pelletizing plants is expected to increase in the future. The main iron producing systems, blast furnace, and Direct Reduced reactors, will not be replaced in the near future.

Captive in product offerings is predicted to be the major market driven factor in the US Iron Ore pellets market industry

Captive holds the largest share in the marking owing to most of the iron ore pellet production is consumed in-house or shipped to nearby customers for steel manufacturing. Most of the major steel companies across the globe, who account for a major share in global steel production, source their iron ore pellet requirements through their own manufacturing firms.

Iron Ore pellets Market: Competitive Landscape

The global iron ore pellets market is highly fragmented with numerous unorganized players. As new players to enter the market with new models during the forecast period, it would become even more fragmented.. The key players in this market are Rio Tinto Ltd., BMP Group Ltd., Fortescue Metals Group Ltd., Hancock Prospecting Pty Ltd., Vale S.A., Cleveland-Cliffs Inc., United States Steel Corporation, ArcelorMittal S.A., Luossavaara-Kiirunavaara Aktiebolag, National Mineral Development Corporation, and other prominent players.

Key market players are entering into collaborations and engaging in mergers & acquisitions of companies to capture a greater market share. Furthermore, the market participants are focusing on improving their services to attain a competitive edge over other players..

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Iron Ore pellets market size & forecast. The report promises to provide state-of-the-art innovations of Iron Ore pellets production and industry insights, which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.

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Table of Contents

1 Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2 Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3 Executive Summary
4 Global Iron Ore Pellets Market - Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments
4.3. Porter's Five Forces Analysis
4.4. Value Chain Analysis
5 Import and Export Details, By Key Countries, 2013-2020 (Including Country of Origin, Port of Discharge, Quantity/Value, Per Unit Cost)6 Production Plants Details, By Key Countries, 2020 (Including Ownership, Size of Plant, Number of Units, Others)7 Key Freight Forwarders, By Countries
8 Key Strategic Developments
8.1. Mergers & Acquisitions
8.2. Partnerships
9 Global Iron Ore Pellets Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Billion), 2017-2027
9.1.2. By Volume (MMT), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Grade (Value and Volume) Blast Furnace (BF) Direct Reduced (DR)
9.2.2. By Trade (Value) Captive Seaborne
9.2.3. By Region North America Europe Asia-Pacific (APAC) Latin America (LATAM) Middle-East & Africa (MEA)
10 North America Iron Ore Pellets Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Billion), 2017-2027
10.1.2. By Volume (MMT), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Grade (Value and Volume)
10.2.2. By Trade (Value)
10.2.3. By Country U.S. Canada
11 Europe Iron Ore Pellets Market Overview
11.1. Market Size and Forecast
11.1.1. By Value (USD Billion), 2017-2027
11.1.2. By Volume (MMT), 2017-2027
11.2. Market Share and Forecast
11.2.1. By Grade (Value and Volume)
11.2.2. By Trade (Value)
11.2.3. By Country Germany U.K. France Italy Spain Russia Netherlands Rest of Europe
12 APAC Iron Ore Pellets Market Overview
12.1. Market Size and Forecast
12.1.1. By Value (USD Billion), 2017-2027
12.1.2. By Volume (MMT), 2017-2027
12.2. Market Share and Forecast
12.2.1. By Grade (Value and Volume)
12.2.2. By Trade (Value)
12.2.3. By Country China India Malaysia Vietnam Singapore Indonesia Australia Rest of APAC
13 LATAM Iron Ore Pellets Market Overview
13.1. Market Size and Forecast
13.1.1. By Value (USD Billion), 2017-2027
13.1.2. By Volume (MMT), 2017-2027
13.2. Market Share and Forecast
13.2.1. By Grade (Value and Volume)
13.2.2. By Trade (Value)
13.2.3. By Country Mexico Brazil Rest of LATAM
14 MEA Iron Ore Pellets Market Overview
14.1. Market Size and Forecast
14.1.1. By Value (USD Billion), 2017-2027
14.1.2. By Volume (MMT), 2017-2027
14.2. Market Share and Forecast
14.2.1. By Grade (Value and Volume)
14.2.2. By Trade (Value)
14.2.3. By Country Turkey Saudi Arabia UAE South Africa Rest of MEA
15 Competitive Landscape
15.1.1. List of Key Producers and Their Offerings
15.1.2. Market Share Analysis (2020)
15.1.3. Competitive Benchmarking
16 Key Strategic Recommendations (Target/Focus Area Opportunity Assessment)
17 Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
17.1. Rio Tinto Ltd.
17.2. BMP Group Ltd.
17.3. Fortescue Metals Group Ltd.
17.4. Hancock Prospecting Pty Ltd.
17.5. Vale S.A.
17.6. Cleveland-Cliffs Inc.
17.7. United States Steel Corporation
17.8. ArcelorMittal S.A.
17.9. Luossavaara-Kiirunavaara Aktiebolag
17.10. National Mineral Development Corporation