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Global Direct Reduced Iron Market Outlook 2023-2036

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    Report

  • 218 Pages
  • December 2023
  • Region: Global
  • Research Nester Pvt. Ltd
  • ID: 5923267
Description Jump to:
The global direct reduced iron market is predicted to account for a CAGR of 9.26% during the forecast period i.e., between 2024-2036. In the upcoming years, there will likely be an increase in demand for steel, especially from industries like renewable energy, automobiles, and construction. The sector of steelmaking in EAF will grow as a result of this increased demand. Due to its importance in the EAF steelmaking procedure, DRI will become more and more in demand. Due to its distinctive qualities, which include its homogenous composition, high iron concentration, and few impurities, DRI is a desirable feedstock for the steel industry. This gives the DRI market a chance to grow and meet the escalating demands of EAF steelmakers. The direct reduced iron market is anticipated to register a growth rate of USD 131.32 billion by the end of 2036 up from a growth rate of USD 41.73 billion in the year 2023.

The global direct reduced iron market is segmented into numerous segments, which include segmentation by application, form, production process, and by region. By form, the market is segmented into pellets, and lumps. By the end of 2036, the pellets segment is anticipated to garner the largest revenue of around USD 61.68 Billion, up from a revenue of close to USD19.74 Billion in the year 2023.

On the basis of region, the global medical device connectivity market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, amongst the markets in all the other regions, is anticipated to garner the largest revenue of more than USD 66.27 Billion by the end of 2036. Moreover, in the year 2023, the market in the region generated a revenue of over USD 18.87 Billion.

Some of the prominent industry leaders in the global medical device connectivity market that are included in our report are Suez Steel Co., Qatar Steel, JFE Steel Corporation, Tata Steel, JSW Group, ArcelorMittal, SABIC, Welspun Group., and others.

Table of Contents

1. An Outline of the Global Direct Reduced Iron Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Industry Overview
2. Assumptions & Abbreviations
3. Research Methodology & Approach
3.1 Research Process
3.2 Primary Research
3.2.1 Manufacturers
3.2.2 Suppliers/ Distributors
3.2.3 End Users
3.3 Secondary Research
3.4 Market Size Estimation
4. Summary of the Report for Key Decision Makers
5. Forces of Market Constituents
5.1 Factors/drivers impacting the growth of the market
5.2 Market trends for better business practices
6. Key Market Opportunities for Business Growth
6.1 Based on the form
6.2 Based on the production process
6.3 Based on the application
6.4 Based on the geographical presence
7. Major Roadblocks for the Market Growth
8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
8.1 Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
8.2 Measures taken by Countries to Reduce Carbon Footprints
8.3 Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
8.4 Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
8.5 Demand Impact on the Companies Opting for Carbon Credits
9. Government Regulation: How they would aid business?10. Industry Risk Analysis
11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Direct Reduced Iron Market
11.1 Ukraine-Russia crisis
11.2 Potential US economic slowdown
11.3 Impact of Recession on the Global economy
12. Industry Supply Chain Analysis13. Patent Analysis14. Comparative feature analysis15. EXIM Analysis of Ferrous Products Obtained by Direct Reduction of Iron Ore16. Analysis on Technology used in DRI Production
17. Analysis on the Type of Refractory
17.1 Acidic
17.2 Basic
17.3 Neutral
18. Types and Characteristics of Raw Materials used in Refractory Manufacture19. Analysis of the Refractories Used in Various Industries
20. Recent Trend of using DRI Shaft furnaces in Combination with EAF Furnaces for Steel Production
20.1 Expansion of ironmaking process using iron scrap
20.2 Others
21. SWOT Analysis22. PEST Analysis23. Porter Five Forces Analysis24. Analysis of Details of Direct Reduction of Iron Plants
25. Competitive Positioning: Strategies to differentiate a company from its competitors
25.1 Gallantt Group of Industries
25.2 Nucor Corporation
25.3 Jindal Shadeed Iron & Steel
25.4 Tosyali Algerie
25.5 Suez Steel Co.
25.6 JFE Steel Corporation
25.7 Tata Steel
25.8 JSW Group
25.9 SABIC
25.10 Welspun Group
26. Competitive Model: A Detailed Inside View for Investors
26.1 Market share of major companies profiled, 2023
26.2 Business Profiles of Key Enterprises
26.2.1 Detailed overview
26.2.2 Assessment of key offering
26.2.3 Analysis of growth strategies
26.2.4 Exhaustive analysis on key financial indicators
26.2.5 Recent developments and strategies
26.3 Gallantt Group of Industries
26.4 Nucor Corporation
26.5 Jindal Shadeed Iron & Steel
26.6 Tosyali Algerie
26.7 Suez Steel Co.
26.8 JFE Steel Corporation
26.9 Tata Steel
26.10 JSW Group
26.11 SABIC
26.12 Welspun Group
27. Global Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
27.1 Market Overview
27.2 Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
27.3 Market Revenue by Volume (Million Tons)
27.4 Year-on-Year (Y-o-Y) Growth Trend Analysis
28. Global Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
28.1 Pellet, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
28.2 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
28.3 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
29. Global Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
29.1 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
29.2 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
30. Global Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
30.1 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
30.2 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
31. Market Overview
31.1. Market Revenue by Value (USD Million), Volume (Million Tons), and Compound Annual Growth Rate (CAGR)
31.2. Year-on-Year (Y-o-Y) Growth Comparative Analysis
31.2.1 North America
31.2.2 Europe
31.2.3 Asia Pacific
31.2.4 Latin America
31.2.5 Middle East and Africa
31.3 Cross Analysis of Form w.r.t. Application (USD Million), 2023-2036
32. North America Direct Reduced Iron Market Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
32.1 Market Overview
32.2 Analysis on Govt. Guidelines, Technology in the region & Impact on Y-O-Y Revenue
32.3 Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
32.4 Market Revenue by Volume (Million Tons)
32.5 Year-on-Year (Y-o-Y) Growth Trend Analysis
North America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
32.6 Pellets, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
32.7 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
32.8 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
North America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
32.9 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
32.10 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
North America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
32.11 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
32.12 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
North America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Country, 2023-2036
32.13 United States, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2033F
32.14 Canada, Market Value (USD Million), Volume (Million Tons) CAGR & Y-o-Y Growth Trend, 2023- 2033F
33. Europe Direct Reduced Iron Market Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
33.1. Market Overview
33.2. Analysis on Govt. Guidelines, Technology in the region & Impact on Y-O-Y Revenue
33.3. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
33.4. Market Revenue by Volume (Million Tons)
33.5. Year-on-Year (Y-o-Y) Growth Trend Analysis
Europe Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
33.6 Pellets, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
33.7 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
33.8 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
Europe Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
33.9 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
33.10 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Europe Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
33.11 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
33.12 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Europe Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Country, 2023-2036
33.13 UK, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.14 France, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.15 Spain, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.16 Italy, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.17 Germany, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.18 NORDIC, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.19 Russia, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
33.20 Rest of Europe, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023- 2036F
34. Asia Pacific Direct Reduced Iron Market Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
34.1 Market Overview
34.2 Analysis on Govt. Guidelines, Technology in the Region & Impact on Y-O-Y Revenue
34.3 Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
34.4 Market Revenue by Volume (Million Tons)
34.5 Year-on-Year (Y-o-Y) Growth Trend Analysis
Asia Pacific Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
34.6 Pellets, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.7 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.8 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
Asia Pacific Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
34.9 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.10 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Asia Pacific Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
34.11 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.12 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Asia Pacific Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Country, 2023-2036
34.13 China, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.14 India, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.15 Singapore, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.16 Japan, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.17 South Korea, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.18 Australia, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.19 Malaysia, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.20 Thailand, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.21 Vietnam, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
34.22 Rest of Asia Pacific, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35. Latin America Direct Reduced Iron Market Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
35.1 Market Overview
35.2 Analysis on Govt. Guidelines, Technology in the region & Impact on Y-O-Y Revenue
35.3 Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
35.4 Market Revenue by Volume (Million Tons)
35.5 Year-on-Year (Y-o-Y) Growth Trend Analysis
Latin America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
35.6 Pellets, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.7 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.8 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
Latin America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
35.9 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.10 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Latin America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
35.11 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.12 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Latin America Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Country, 2023-2036
35.13 Brazil, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.14 Mexico, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.15 Argentina, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
35.16 Rest of Latin America, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036
36. Middle East & Africa Direct Reduced Iron Market Demand Outlook & Projections, 2023 to 2036: A Comprehensive Study for Stakeholders
36.1 Market Overview
36.2 Analysis on Govt. Guidelines, Technology in the region & Impact on Y-O-Y Revenue
36.3 Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
36.4 Market Revenue by Volume (Million Tons)
36.5 Year-on-Year (Y-o-Y) Growth Trend Analysis
Middle East and Arica Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Form, 2023-2036
36.6 Pellets, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.7 Lumps, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.8 Others, Market Value (USD Million) & Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
Middle East and Arica Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Production Process, 2023-2036
36.9 Gas-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.10 Coal-based, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Middle East and Arica Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Application, 2023-2036
36.11 Steel Making, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.12 Construction, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2023-2036F
Middle East & Africa Direct Reduced Iron Market Outlook & Projections, Opportunity Assessment by Country, 2023-2036
36.13 GCC, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.14 Israel, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.15 South Africa, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F
36.16 Rest of the Middle East and Africa, Market Value (USD Million), Volume (Million Tons), CAGR & Y-o-Y Growth Trend, 2023-2036F

Companies Mentioned

  • Suez Steel Co.
  • Qatar Steel
  • JFE Steel Corporation
  • Tata Steel
  • JSW Group
  • ArcelorMittal
  • SABIC
  • Welspun Group

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