CRI market research report

Middle East Iron Ore Pellets Market Research Report Forecast to 2028

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The Middle East iron ore pellets market was valued at USD 1,092.04 million in 2020 and is expected to register a CAGR of 4.36% to reach USD 1,532.82 million by the end of 2028.

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Middle East Iron Ore Pellets Market Research Report Forecast to 2028

Market Snapshot

The Middle East iron ore pellets market was valued at USD 1,092.04 million in 2020 and is expected to register a CAGR of 4.36% to reach USD 1,532.82 million by the end of 2028. In terms of volume, the market was pegged at 27,363.06 thousand tons in 2020, and the demand is projected to reach 35,826.00 thousand tons by the end of 2028. Middle East iron ore pellets market is primarily driven by the growing steel production coupled with expanding steelmaking capacity in the Middle East. Another key driver of the iron ore pellets market includes using steel in the construction of low- and high-rise buildings, sports stadiums, bridge deck plates, harbors, cladding & roofing, offices, security fencing, etc. However, fluctuating raw material prices and regulations on mining activities act as a major restraint for market growth. Nevertheless, a rising preference for electric vehicles and increased investments in infrastructure developments is likely to boost the Middle East iron ore pellets market throughout the forecast period.
The market is predominantly driven by the growing steel production in the Middle East, as iron ore pellet is the key feedstock for the steelmaking process. Expanding steelmaking capacity in the Middle East, especially in Iran, fuels the growth of the Middle East iron ore pellets market. Another Rapid industrialization and urbanization coupled with increased public and private investment promote steel use, increasing the demand for iron ore pellets. However, fluctuating raw material prices and regulations on mining activities act as a major restraint for market growth. Nevertheless, a rising preference for electric vehicles and increased investments in infrastructure developments is likely to boost the Middle East iron ore pellets market throughout the forecast period.

Market Segmentation

The Middle East Iron Ore Pellets market has been segmented by source, technology, end-user, and country. Based on the source, the market has been segmented into hematite, magnetite, taconite, and others.
Based on technology, the market has been segmented into blast furnace/oxygen-based, electric arc furnace, and induction furnace. Among these, the blast furnace/oxygen-based segment accounted for the largest share of 67.32% in the Middle East iron ore pellets market. Based on end-use, the market has been segmented into construction, automotive & transportation, consumer goods, marine, industrial, and others.

Regional Analysis

Based on country, the Middle East iron ore pellets market has been divided into Saudi Arabia, Oman, Bahrain, Kuwait, UAE, Qatar, Israel, Iraq, Jordan, Lebanon, and the rest of the Middle East. Iraq’s iron ore pellets market dominated the Middle East Iron Ore Pellets market with a share of 20.45% by value in 2020 and is expected to register the fastest growth with a CAGR of 5.04% during the forecast period. The market growth in Iraq is driven by the growing construction industry, rising investments in the steel industry, and expanding steelmaking capacity.

Major Players

Vale S.A. (Brazil), LKAB (Sweden), United States Steel Corporation (US), ArcelorMittal (Luxembourg), Bahrain Steel (Bahrain), Cleveland-Cliffs Inc. (US), Ferrexpo Plc (Switzerland), Jindal Saw Gulf LLC (UAE), KIOCL Limited (India), Metalloinvest MC LLC (Russia), Metso Outotec (Finland), and SIMEC (England) are the key players operating in the Middle East iron ore pellets market.

COVID 19 Impacts

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 1.1.1 MIDDLE EAST IRON ORE PELLETS MARKET, BY SOURCE 1.1.2 MIDDLE EAST IRON ORE PELLETS MARKET, BY TECHNOLOGY 1.1.3 MIDDLE EAST IRON ORE PELLETS MARKET, BY END-USE 1.1.4 MIDDLE EAST IRON ORE PELLETS MARKET, BY COUNTRY 2 MARKET INTRODUCTION 2.1 DEFINITION 2.2 SCOPE OF THE STUDY 2.3 MARKET STRUCTURE 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 3.2 PRIMARY RESEARCH 3.3 SECONDARY RESEARCH 3.4 MARKET SIZE ESTIMATION 3.5 FORECAST MODEL 3.6 LIST OF ASSUMPTIONS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 DRIVERS 4.2.1 GROWING STEEL PRODUCTION 4.2.2 HEALTHY GROWTH OF THE CONSTRUCTION INDUSTRY 4.2.3 DRIVERS IMPACT ANALYSIS 4.3 RESTRAINTS 4.3.1 FLUCTUATING PRICES OF RAW MATERIALS AND RELATED REGULATIONS 4.3.2 RESTRAINTS IMPACT ANALYSIS 4.4 OPPORTUNITIES 4.4.1 RISING ADOPTION OF ELECTRIC VEHICLE 4.5 CHALLENGES 4.5.1 ENVIRONMENT IMPACTS OF STEEL PRODUCTION 4.5.2 INCREASING EMPHASIS ON STEEL RECYCLING 5 MARKET FACTOR ANALYSIS 5.1 SUPPLY CHAIN ANALYSIS 5.1.1 IRON ORE PELLETS MANUFACTURERS 5.1.2 DISTRIBUTION CHANNEL 5.1.3 END-USE 5.2 PORTER’S FIVE FORCES MODEL 5.2.1 THREAT OF NEW ENTRANTS 5.2.2 BARGAINING POWER OF SUPPLIERS 5.2.3 THREAT OF SUBSTITUTES 5.2.4 BARGAINING POWER OF BUYERS 5.2.5 INTENSITY OF COMPETITIVE RIVALRY 5.3 IMPACT OF COVID-19 ON THE MIDDLE EAST IRON ORE PELLETS MARKET 5.3.1 IMPACT OF COVID-19 ON SUPPLY CHAIN OF IRON ORE PELLETS MARKET 5.3.2 MAJOR GOVERNMENT POLICIES TO COUNTER THE IMPACT OF COVID-19 6 MIDDLE EAST IRON ORE PELLETS MARKET, BY SOURCE 6.1 HEMATITE 6.2 MAGNETITE 6.3 TACONITE 6.4 OTHERS 7 MIDDLE EAST IRON ORE PELLETS MARKET, BY TECHNOLOGY 7.1 BLAST FURNACE/OXYGEN BASED 7.2 ELECTRIC ARC FURNACE 7.3 INDUCTION FURNACE 8 MIDDLE EAST IRON ORE PELLETS MARKET, BY END USE 8.1 CONSTRUCTION 8.2 AUTOMOTIVE & TRANSPORTATION 8.3 CONSUMER GOODS 8.4 MARINE 8.5 INDUSTRIAL 8.6 OTHERS 9 MIDDLE EAST IRON ORE PELLETS MARKET, BY COUNTRY 9.1.1 SAUDI ARABIA 9.1.2 OMAN 9.1.3 BAHRAIN 9.1.4 KUWAIT 9.1.5 UAE 9.1.6 QATAR 9.1.7 ISRAEL 9.1.8 IRAQ 9.1.9 JORDAN 9.1.10 LEBANON 9.1.11 REST OF MIDDLE EAST 10 COMPETITIVE LANDSCAPE 10.1 INTRODUCTION 10.2 MARKET STRATEGY ANALYSIS 10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 10.4 COMPETITIVE BENCHMARKING 11 COMPANY PROFILES 11.1 VALE S.A. 11.1.1 COMPANY OVERVIEW 11.1.2 FINANCIAL OVERVIEW 11.1.3 PRODUCTS OFFERED 11.1.4 KEY DEVELOPMENTS 11.1.5 SWOT ANALYSIS 11.1.6 KEY STRATEGIES 11.2 LKAB 11.2.1 COMPANY OVERVIEW 11.2.2 FINANCIAL OVERVIEW 11.2.3 PRODUCTS OFFERED 11.2.4 KEY DEVELOPMENTS 11.2.5 SWOT ANALYSIS 11.2.6 KEY STRATEGIES 11.3 UNITED STATES STEEL CORPORATION 11.3.1 COMPANY OVERVIEW 11.3.2 FINANCIAL OVERVIEW 11.3.3 PRODUCTS OFFERED 11.3.4 KEY DEVELOPMENTS 11.3.5 SWOT ANALYSIS 11.3.6 KEY STRATEGIES 11.4 ARCELORMITTAL 11.4.1 COMPANY OVERVIEW 11.4.2 FINANCIAL OVERVIEW 11.4.3 PRODUCTS OFFERED 11.4.4 KEY DEVELOPMENTS 11.4.5 SWOT ANALYSIS 11.4.6 KEY STRATEGIES 11.5 BAHRAIN STEEL 11.5.1 COMPANY OVERVIEW 11.5.2 FINANCIAL OVERVIEW 11.5.3 PRODUCTS OFFERED 11.5.4 KEY DEVELOPMENTS 11.5.5 SWOT ANALYSIS 11.5.6 KEY STRATEGIES 11.6 CLEVELAND-CLIFFS INC. 11.6.1 COMPANY OVERVIEW 11.6.2 FINANCIAL OVERVIEW 11.6.3 PRODUCTS OFFERED 11.6.4 KEY DEVELOPMENTS 11.6.5 SWOT ANALYSIS 11.6.6 KEY STRATEGIES 11.7 FERREXPO PLC 11.7.1 COMPANY OVERVIEW 11.7.2 FINANCIAL OVERVIEW 11.7.3 PRODUCTS OFFERED 11.7.4 KEY DEVELOPMENTS 11.7.5 SWOT ANALYSIS 11.7.6 KEY STRATEGIES 11.8 JINDAL SAW GULF LLC 11.8.1 COMPANY OVERVIEW 11.8.2 FINANCIAL OVERVIEW 11.8.3 PRODUCTS OFFERED 11.8.4 KEY DEVELOPMENTS 11.8.5 SWOT ANALYSIS 11.8.6 KEY STRATEGIES 11.9 KIOCL LIMITED 11.9.1 COMPANY OVERVIEW 11.9.2 FINANCIAL OVERVIEW 11.9.3 PRODUCTS OFFERED 11.9.4 KEY DEVELOPMENTS 11.9.5 SWOT ANALYSIS 11.9.6 KEY STRATEGIES 11.10 METALLOINVEST MC LLC 11.10.1 COMPANY OVERVIEW 11.10.2 FINANCIAL OVERVIEW 11.10.3 PRODUCTS OFFERED 11.10.4 KEY DEVELOPMENT 11.10.5 SWOT ANALYSIS 11.10.6 KEY STRATEGIES 11.11 METSO OUTOTEC 11.11.1 COMPANY OVERVIEW 11.11.2 FINANCIAL OVERVIEW 11.11.3 PRODUCTS OFFERED 11.11.4 KEY DEVELOPMENT 11.11.5 SWOT ANALYSIS 11.11.6 KEY STRATEGIES 11.12 SIMEC 11.12.1 COMPANY OVERVIEW 11.12.2 FINANCIAL OVERVIEW 11.12.3 PRODUCTS OFFERED 11.12.4 KEY DEVELOPMENTS 11.12.5 SWOT ANALYSIS 11.12.6 KEY STRATEGIES 12 APPENDIX 12.1 REFERENCES 12.2 RELATED REPORTS

Companies Mentioned

Vale S.A. (Brazil), LKAB (Sweden), United States Steel Corporation (US), ArcelorMittal (Luxembourg), Bahrain Steel (Bahrain), Cleveland-Cliffs Inc. (US), Ferrexpo Plc (Switzerland), Jindal Saw Gulf LLC (UAE), KIOCL Limited (India), Metalloinvest MC LLC (Russia), Metso Outotec (Finland), and SIMEC (England)

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