Iron Ore Pellets Market Size, Share, Trends, Growth 2032
Iron Ore Pellets Market By Type (Hematite, Magnetite, and Others) and By Application (Steel and Other Applications), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032
| Market Size in 2024 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 6.29 Billion | USD 9.92 Billion | 5.20% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global iron ore pellets market, 2015 - 2024 (Kilotons)(USD Million)
- 2.2. Global iron ore pellets market: Snapshot
- Chapter 3. Iron Ore Pellets Market - Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing demand from the steel industry
- 3.2.2. Change in manufacturing procedure
- 3.3. Market Restraints
- 3.3.1. Fluctuating prices of the raw materials
- 3.4. Opportunities
- 3.4.1. Increasing demand for high grade and high-quality iron ore pellets
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by type
- 3.6.2. Market attractiveness analysis by application
- 3.6.3. Market attractiveness analysis by region
- Chapter 4. Iron Ore Pellets Market- Competitive Landscape
- 4.1. Company market share analysis, 2017 (subject to data availability)
- 4.2. Strategic Development
- 4.2.1. Acquisitions & Mergers
- 4.2.2. New Products Launch
- 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
- Chapter 5. Iron Ore Pellets Market - Type Analysis
- 5.1. Global iron ore pellets market: type overview
- 5.1.1. Global iron ore pellets volume share by type, 2017 and 2024
- 5.2. Hematite
- 5.2.1. Global hematite iron ore pellets market, 2015 - 2024 (Kilotons) (USD Million)
- 5.3. Magnetite
- 5.3.1. Global magnetite iron ore pellets market, 2015 - 2024 (Kilotons) (USD Million)
- 5.4. Others
- 5.4.1. Global others iron ore pellets market, 2015 - 2024 (Kilotons) (USD Million)
- 5.1. Global iron ore pellets market: type overview
- Chapter 6. Iron Ore Pellets Market - Application Analysis
- 6.1. Global iron ore pellets market: application overview
- 6.1.1. Global iron ore pellets volume share by application, 2017 and 2024
- 6.2. Steel
- 6.2.1. Global iron ore pellets market for steel, 2015 - 2024 (Kilotons) (USD Million)
- 6.3. Others
- 6.3.1. Global iron ore pellets market for others, 2015 - 2024 (Kilotons) (USD Million)
- 6.1. Global iron ore pellets market: application overview
- Chapter 7. Iron Ore Pellets Market - Regional Analysis
- 7.1. Global Iron Ore Pellets Market: Regional Overview
- 7.1.1. Global Iron Ore Pellets Market Volume Share, by Region, 2017 and 2024
- 7.2. North America
- 7.2.1. North America iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
- 7.2.2. North America iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.2.3. North America iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.2.4. North America iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.2.5. North America iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.2.6. The U.S.
- 7.2.6.1. The U.S. iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.2.6.2. The U.S. iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.2.6.3. The U.S. iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.2.6.4. The U.S. iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.3. Europe
- 7.3.1. Europe iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
- 7.3.2. Europe iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.3.3. Europe iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.3.4. Europe iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.3.5. Europe iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.6. UK
- 7.3.6.1. UK iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.3.6.2. UK iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.3.6.3. UK iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.3.6.4. UK iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.7. France
- 7.3.7.1. France iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.3.7.2. France iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.3.7.3. France iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.3.7.4. France iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.3.8. Germany
- 7.3.8.1. Germany iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.3.8.2. Germany iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.3.8.3. Germany iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.3.8.4. Germany iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
- 7.4.2. Asia Pacific iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.4.3. Asia Pacific iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.4.4. Asia Pacific iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.4.5. Asia Pacific iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.6. China
- 7.4.6.1. China iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.4.6.2. China iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.4.6.3. China iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.4.6.4. China iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Japan iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.4.7.2. Japan iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.4.7.3. Japan iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.4.7.4. Japan iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.4.8. India
- 7.4.8.1. India iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.4.8.2. India iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.4.8.3. India iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.4.8.4. India iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
- 7.5.2. Latin America iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.5.3. Latin America iron ore pellets market revenue, by type, 2017 - 2024 (USD Million)
- 7.5.4. Latin America iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.5.5. Latin America iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.5.6. Brazil
- 7.5.6.1. Brazil iron ore pellets market volume, by type, 2017 - 2024 (Kilotons)
- 7.5.6.2. Brazil iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.5.6.3. Brazil iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.5.6.4. Brazil iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
- 7.6.2. The Middle East and Africa iron ore pellets market volume, by type,2017 - 2024 (Kilotons)
- 7.6.3. The Middle East and Africa iron ore pellets market revenue, by type,2017 - 2024 (USD Million)
- 7.6.4. The Middle East and Africa iron ore pellets market volume, by application, 2017 - 2024 (Kilotons)
- 7.6.5. The Middle East and Africa iron ore pellets market revenue, by application, 2017 - 2024 (USD Million)
- 7.1. Global Iron Ore Pellets Market: Regional Overview
- Chapter 8. Company Profiles
- 8.1. Vale
- 8.1.1. Company Overview
- 8.1.2. Financials
- 8.1.3. Business Strategy
- 8.1.4. Product Portfolio
- 8.1.5. Recent Developments
- 8.2. LKAB
- 8.2.1. Company Overview
- 8.2.2. Financials
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Metso Corporation
- 8.3.1. Company Overview
- 8.3.2. Financials
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. Arya Group
- 8.4.1. Company Overview
- 8.4.2. Financials
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. Iron Ore Company of Canada Inc.
- 8.5.1. Company Overview
- 8.5.2. Financials
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Developments
- 8.6. METALLOINVEST MC LLC
- 8.6.1. Company Overview
- 8.6.2. Financials
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Developments
- 8.7. Simec Group
- 8.7.1. Company Overview
- 8.7.2. Financials
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Developments
- 8.8. Cleveland-Cliffs Inc.
- 8.8.1. Company Overview
- 8.8.2. Financials
- 8.8.3. Business Strategy
- 8.8.4. Product Portfolio
- 8.8.5. Recent Developments
- 8.9. Jindal Saw Ltd.
- 8.9.1. Company Overview
- 8.9.2. Financials
- 8.9.3. Business Strategy
- 8.9.4. Product Portfolio
- 8.9.5. Recent Developments
- 8.10. Ferrexpo Plc
- 8.10.1. Company Overview
- 8.10.2. Financials
- 8.10.3. Business Strategy
- 8.10.4. Product Portfolio
- 8.10.5. Recent Developments
- 8.11. Xindia Steels
- 8.11.1. Company Overview
- 8.11.2. Financials
- 8.11.3. Business Strategy
- 8.11.4. Product Portfolio
- 8.11.5. Recent Developments
- 8.1. Vale
Table Of Figures
List of Figures
1. Global iron ore pellets market segmentation by application, type, and geography
2. Global iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
3. Porter’s Five Forces Analysis: Iron Ore Pellets market
4. Global iron ore pellets market attractiveness, by type, 2017
5. Global iron ore pellets market attractiveness, by application, 2017
6. Global iron ore pellets market attractiveness, by region, 2017
7. Global iron ore pellets market volume share, by type, 2017–2024
8. Global hematite iron ore pellets market, 2017 – 2024 (Kilotons) (USD Million)
9. Global magnetite iron ore pellets market, 2017 – 2024 (Kilotons) (USD Million)
10. Global others iron ore pellets market, 2017 – 2024 (Kilotons) (USD Million)
11. Global iron ore pellets market volume share, by application, 2017 -2024
12. Global iron ore pellets market for steel, 2017 – 2024 (Kilotons) (USD Million)
13. Global iron ore pellets market for others,2017 – 2024 (Kilotons) (USD Million)
14. Global iron ore pellets market volume share, by region, 2017 - 2024
15. North America iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
16. The U.S. iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
17. Europe iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
18. UK iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
19. France iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
20. Germany iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
21. Asia Pacific iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
22. China iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
23. Japan iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
24. India iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
25. Latin America iron ore pellets market, 2017 - 2024 (Kilotons) (USD Million)
26. Brazil iron ore pellets market, 2017 - 2024, (Kilotons) (USD Million)
27. The Middle East and Africa iron ore pellets market, 2017-2024 (Kilotons) (USD Million)
Table Of Tables
List of Tables
1. Global iron ore pellets market snapshot
2. Drivers for iron ore pellets market: Impact analysis
3. Restraints of iron ore pellets market: Impact analysis
4. North America iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
5. North America iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
6. North America iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
7. North America iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
8. The U.S. iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
9. The U.S. iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
10. The U.S. iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
11. The U.S. iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
12. Europe iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
13. Europe iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
14. Europe iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
15. Europe iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
16. UK iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
17. UK iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
18. UK iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
19. UK iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
20. France iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
21. France iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
22. France iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
23. France iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
24. Germany iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
25. Germany iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
26. Germany iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
27. Germany iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
28. Asia Pacific iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
29. Asia Pacific iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
30. Asia Pacific iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
31. Asia Pacific iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
32. China iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
33. China iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
34. China iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
35. China iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
36. Japan iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
37. Japan iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
38. Japan iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
39. Japan iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
40. India iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
41. India iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
42. India iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
43. India iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
44. Latin America iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
45. Latin America iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
46. Latin America iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
47. Latin America iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
48. Brazil iron ore pellets market volume, by type, 2017 – 2024 (Kilotons)
49. Brazil iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
50. Brazil iron ore pellets market volume, by application, 2017 – 2024 (Kilotons)
51. Brazil iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
52. The Middle East and Africa iron ore pellets market volume, by type, 2017– 2024 (Kilotons)
53. The Middle East and Africa iron ore pellets market revenue, by type, 2017 – 2024 (USD Million)
54. The Middle East and Africa iron ore pellets market volume, by application, 2017– 2024 (Kilotons)
55. The Middle East and Africa iron ore pellets market revenue, by application, 2017 – 2024 (USD Million)
Methodology
FrequentlyAsked Questions
Iron ore pellets are utilised in the manufacturing of steel and are small, spherical spheres of iron ore. Typically, they are produced through the combination of iron ore fines, which consist of minute iron ore particulates, with additives including bentonite or limestone. Subsequently, the mixture is pelletized into small spheres, which generally have a diameter of 8 to 18 millimetres.
The worldwide production of steel is intricately linked to the demand for iron ore pellets. Demand for iron ore pellets will be directly influenced by inflation, deflation, and infrastructure development, which are all factors that influence steel production. The cost structure and production characteristics of iron ore pellets are significantly influenced by the pricing and accessibility of raw materials, specifically iron ore particles. Iron ore availability and price fluctuations can have an impact on the profitability of pellet manufacturers.
The global iron ore pellets market size was worth around USD 6.29 billion in 2023 and is predicted to grow to around USD 9.92 billion by 2032.
The global iron ore pellets market with a compound annual growth rate (CAGR) of roughly 5.20% between 2024 and 2032.
The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Vale, LKAB, Metso Corporation, Arya Group, Iron Ore Company of Canada Inc., METALLOINVEST MC LLC, Simec Group, Cleveland-Cliffs Inc., Jindal Saw Ltd., Ferrexpo Plc, and Xindia Steels
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