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

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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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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