Global Iron Ore Market-Forecast till 2028

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According to this report, the global iron ore market is expected to exhibit a healthy CAGR of 5.32% during the review period to surpass USD 2.41 billion by the end of 2028.

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Global Iron Ore Market Forecast till 2028

According to this report, the global iron ore market is expected to exhibit a healthy CAGR of 5.32% during the review period to surpass USD 2.41 billion by the end of 2028. Iron metals are minerals and rocks from which metallic iron can be extricated. These minerals are by and large found as hematite or magnetite and are wealthy in iron oxides. It is the wellspring of essential iron, fundamental for the creation of steel. These metals can be straightforwardly taken care of in the impact heaters and henceforth are known as regular mineral and direct delivery metals.
The worldwide iron market is determined by the utilization of steel in the development of low-and tall structures, sports arenas, connect deck plates, harbors, cladding and material, workplaces, security fencing, and so forth Fast industrialization and urbanization across the globe combined with expanded public and private speculation advances the utilization of steel, which builds the growth in iron metal.
Another critical driver of the worldwide iron metal market remembers the utilization of steel for the car business. The utilization of iron oxide shades as a crude material in the creation of lithium iron phosphate (LiFePO4 or LFP), which is utilized as a cathode material in batteries of electric vehicles, is another central point driving the growth in iron metal. The World Auto Steel, an automotive group of the World Steel Association, completed a three-year program called Future Steel Vehicle (FSV) in 2013, which delivers fully engineered steel-intensive designs for electric vehicles. The growth is supported by the increasing need to reduce vehicular emission due to the strict regulations by the US Environmental Protection Agency and the European Legislation for Environment Protection. However, government regulations on mining activities are expected to hinder market growth during the review period.
Market Segmentation
The global iron ore market has been classified into product type, form, end-use industry, and region.
Based on type, the global iron ore market has been segmented into hematite, magnetite, limonite, siderite, and others.
By form segment, the global market has been divided into sinter fines, lumps, pellets, and others.
In terms of application, the global market has been categorized into steel making and others.
Regional Analysis
Geographically, the global iron ore market has been studied across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific is likely to drive the global market having 40% of market share in 2019. The region is estimated to expand at a rapid pace during the review period. The regional market growth is attributed to the construction sector in China, India, and Indonesia.
Key Players
The major players in the global iron ore market are Vale, Rio Tinto, BHP, Fortescue Metals Group Ltd, Ansteel Group Corporation Limited, ArcelorMittal, Anglo American, HBIS Group, EVRAZ plc, METALLOINVEST MC LLC, LKAB, and Cleveland-Cliffs Inc.
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 21

1.1 MARKET ATTRACTIVENESS ANALYSIS 23

1.1.1 GLOBAL IRON ORE MARKET, BY PRODUCT TYPE 24

1.1.2 GLOBAL IRON ORE MARKET, BY FORM 25

1.1.3 GLOBAL IRON ORE MARKET, BY END-USE INDUSTRY 26

1.1.4 GLOBAL IRON ORE MARKET, BY REGION 27

2 MARKET INTRODUCTION 28

2.1 DEFINITION 28

2.2 SCOPE OF THE STUDY 28

2.3 MARKET STRUCTURE 28

3 RESEARCH METHODOLOGY 29

3.1 RESEARCH PROCESS 29

3.2 PRIMARY RESEARCH 30

3.3 SECONDARY RESEARCH 31

3.4 MARKET SIZE ESTIMATION 31

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 32

3.6 FORECAST MODEL 33

3.7 LIST OF ASSUMPTIONS & LIMITATIONS 34

4 MARKET DYNAMICS 35

4.1 INTRODUCTION 35

4.2 DRIVERS 36

4.2.1 HEALTHY GROWTH OF THE CONSTRUCTION INDUSTRY 36

4.2.2 GROWING USE OF STEEL IN THE AUTOMOTIVE AND TRANSPORTATION INDUSTRY 37

4.3 RESTRAINT 39

4.3.1 STRINGENT GOVERNMENT REGULATIONS ON MINING ACTIVITIES 39

4.4 OPPORTUNITY 40

4.4.1 INCREASING ADOPTION OF IRON OXIDE PIGMENTS IN VARIOUS APPLICATIONS 40

4.5 CHALLENGE 41

4.5.1 INCREASING EMPHASIS ON STEEL RECYCLING 41

5 MARKET FACTOR ANALYSIS 42

5.1 SUPPLY CHAIN ANALYSIS 42

5.1.1 IRON ORE PROCESSING AND PRODUCERS 42

5.1.2 DISTRIBUTION & SALES CHANNEL 44

5.1.3 END-USE INDUSTRY 44

5.2 PORTER’S FIVE FORCES ANALYSIS 45

5.2.1 THREAT OF NEW ENTRANTS 45

5.2.2 RIVALRY 45

5.2.3 THREAT OF SUBSTITUTES 46

5.2.4 BARGAINING POWER OF SUPPLIERS 46

5.2.5 BARGAINING POWER OF BUYERS 46

5.3 PRICING OVERVIEW, BY REGION (USD/TON) 46

5.4 IMPACT OF COVID 19 OUTBREAK ON THE GLOBAL IRON ORE MARKET 46

5.4.1 OVERVIEW OF SUPPLY SCENARIO 46

5.4.1.1 PRODUCTION/ SUPPLY SCENARIO 46

5.4.2 IMPACT ON IRON ORE SUPPLIERS AND MANUFACTURERS 47

5.4.3 IMPACT ON IRON ORE END USERS 48

6 GLOBAL IRON ORE MARKET, BY PRODUCT TYPE 49

6.1 OVERVIEW 49

6.1.1 IRON ORE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2018–2028 49

6.1.2 IRON ORE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2018–2028 50

6.2 HEMATITE 50

6.2.1 HEMATITE: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 51

6.3 MAGNETITE 51

6.3.1 MAGNETITE: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 52

6.4 LIMONITE 52

6.4.1 LIMONITE: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 53

6.5 SIDERITE 53

6.5.1 SIDERITE: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 54

6.6 OTHERS 55

6.6.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 55

7 GLOBAL IRON ORE MARKET, BY FORM 56

7.1 OVERVIEW 56

7.1.1 IRON ORE: MARKET ESTIMATES & FORECAST BY FORM, 2018–2028 56

7.1.2 IRON ORE: MARKET ESTIMATES & FORECAST BY FORM, 2018–2028 57

7.2 SINTER FINES 57

7.2.1 SINTER FINES: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 58

7.3 LUMPS 58

7.3.1 LUMPS: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 59

7.4 PELLETS 59

7.4.1 PELLETS: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 60

7.5 OTHERS 61

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 61

8 GLOBAL IRON ORE MARKET, BY END-USE INDUSTRY 62

8.1 OVERVIEW 62

8.1.1 IRON ORE: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2018–2028 62

8.1.2 IRON ORE: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2018–2028 63

8.2 STEEL MANUFACTURING 63

8.2.1 STEEL MANUFACTURING: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 64

8.2.2 CONSTRUCTION 65

8.2.3 AUTOMOTIVE & TRANSPORTATION 66

8.2.4 MEDICAL 67

8.2.5 OTHERS 68

8.3 OTHERS 69

8.3.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2018–2028 69

9 GLOBAL IRON ORE MARKET, BY REGION 70

9.1 OVERVIEW 70

9.2 NORTH AMERICA 72

9.2.1 US 75

9.2.2 CANADA 78

9.3 EUROPE 81

9.3.1 GERMANY 85

9.3.2 UK 88

9.3.3 FRANCE 90

9.3.4 SPAIN 93

9.3.5 ITALY 96

9.3.6 RUSSIA 98

9.3.7 BELGIUM 101

9.3.8 POLAND 104

9.3.9 NETHERLANDS 106

9.3.10 REST OF EUROPE 109

9.4 ASIA-PACIFIC 112

9.4.1 CHINA 116

9.4.2 JAPAN 118

9.4.3 INDIA 121

9.4.4 AUSTRALIA & NEW ZEALAND 124

9.4.5 INDONESIA 126

9.4.6 SOUTH KOREA 129

9.4.7 REST OF ASIA-PACIFIC 132

9.5 LATIN AMERICA 135

9.5.1 BRAZIL 138

9.5.2 MEXICO 141

9.5.3 ARGENTINA 144

9.5.4 REST OF LATIN AMERICA 146

9.6 MIDDLE EAST & AFRICA 150

9.6.1 SAUDI ARABIA 154

9.6.2 IRAN 157

9.6.3 ISRAEL 159

9.6.4 TURKEY 162

9.6.5 SOUTH AFRICA 165

9.6.6 UAE 167

9.6.7 REST OF THE MIDDLE EAST & AFRICA 170

10 COMPETITIVE LANDSCAPE 173

10.1 INTRODUCTION 173

10.2 MARKET STRATEGY ANALYSIS 173

10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 174

10.4 COMPETITIVE BENCHMARKING 177

11 COMPANY PROFILES 178

11.1 VALE 178

11.1.1 COMPANY OVERVIEW 178

11.1.2 FINANCIAL OVERVIEW 179

11.1.3 PRODUCTS OFFERED 179

11.1.4 KEY DEVELOPMENTS 179

11.1.5 SWOT ANALYSIS 180

11.1.6 KEY STRATEGIES 180

11.2 RIO TINTO 181

11.2.1 COMPANY OVERVIEW 181

11.2.2 FINANCIAL OVERVIEW 181

11.2.3 PRODUCTS OFFERED 182

11.2.4 KEY DEVELOPMENTS 182

11.2.5 SWOT ANALYSIS 183

11.2.6 KEY STRATEGIES 183

11.3 BHP 184

11.3.1 COMPANY OVERVIEW 184

11.3.2 FINANCIAL OVERVIEW 184

11.3.3 PRODUCTS OFFERED 185

11.3.4 KEY DEVELOPMENT 185

11.3.5 SWOT ANALYSIS 186

11.3.6 KEY STRATEGIES 186

11.4 FORTESCUE METALS GROUP LTD 187

11.4.1 COMPANY OVERVIEW 187

11.4.2 FINANCIAL OVERVIEW 187

11.4.3 PRODUCTS OFFERED 188

11.4.4 KEY DEVELOPMENTS 188

11.4.5 SWOT ANALYSIS 189

11.4.6 KEY STRATEGIES 189

11.5 ANSTEEL GROUP CORPORATION LIMITED 190

11.5.1 COMPANY OVERVIEW 190

11.5.2 FINANCIAL OVERVIEW 191

11.5.3 PRODUCTS OFFERED 191

11.5.4 KEY DEVELOPMENTS 192

11.5.5 SWOT ANALYSIS 192

11.5.6 KEY STRATEGIES 192

11.6 ARCELORMITTAL 193

11.6.1 COMPANY OVERVIEW 193

11.6.2 FINANCIAL OVERVIEW 193

11.6.3 PRODUCTS OFFERED 194

11.6.4 KEY DEVELOPMENTS 194

11.6.5 SWOT ANALYSIS 195

11.6.6 KEY STRATEGIES 195

11.7 METALLOINVEST MC LLC 196

11.7.1 COMPANY OVERVIEW 196

11.7.2 FINANCIAL OVERVIEW 197

11.7.3 PRODUCTS OFFERED 197

11.7.4 KEY DEVELOPMENTS 198

11.7.5 SWOT ANALYSIS 198

11.7.6 KEY STRATEGIES 199

11.8 LKAB 200

11.8.1 COMPANY OVERVIEW 200

11.8.2 FINANCIAL OVERVIEW 201

11.8.3 PRODUCTS OFFERED 201

11.8.4 SWOT ANALYSIS 202

11.8.5 KEY STRATEGIES 202

11.9 CLEVELAND-CLIFFS INC. 203

11.9.1 COMPANY OVERVIEW 203

11.9.2 FINANCIAL OVERVIEW 204

11.9.3 PRODUCTS OFFERED 204

11.9.4 KEY DEVELOPMENT 205

11.9.5 SWOT ANALYSIS 206

11.9.6 KEY STRATEGIES 206

11.10 HBIS GROUP 207

11.10.1 COMPANY OVERVIEW 207

11.10.2 FINANCIAL OVERVIEW 207

11.10.3 PRODUCTS OFFERED 207

11.10.4 KEY DEVELOPMENTS 207

11.10.5 SWOT ANALYSIS 208

11.10.6 KEY STRATEGIES 208

11.11 ANGLO AMERICAN PLC 209

11.11.1 COMPANY OVERVIEW 209

11.11.2 FINANCIAL OVERVIEW 209

11.11.3 PRODUCTS OFFERED 210

11.11.4 KEY DEVELOPMENT 210

11.11.5 SWOT ANALYSIS 210

11.11.6 KEY STRATEGIES 210

11.12 EVRAZ PLC 211

11.12.1 COMPANY OVERVIEW 211

11.12.2 FINANCIAL OVERVIEW 211

11.12.3 PRODUCTS OFFERED 212

11.12.4 KEY DEVELOPMENTS 212

11.12.5 SWOT ANALYSIS 212

11.12.6 KEY STRATEGIES 212

12 APPENDIX 213

12.1 REFERENCES 213

12.2 RELATED REPORTS 214

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