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    Iron Ore Pellets Market | Covid-19 Impact Analysis

    Iron Ore Pellets Market | Covid-19 Impact Analysis

    Iron Ore Pellets Market | Covid-19 Impact Analysis
    Report code - SRAM437 Delivery - 2 Weeks
    Iron Ore Pellets Market Size, Share, Trend, Forecast, & Industry Analysis – 2021 See more...
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    Impact of COVID-19 on Iron Ore Pellets Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Iron Ore Pellets Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Iron Ore Pellets Market Insights

    Iron ore pellets market is likely to witness a steady CAGR of 3.4% during the forecast period. The prime factor that is contributing to the demand for iron ore pellets is the growing adoption of carbon free technologies in steel manufacturing.

    Iron Ore Pellets Market – Snapshot

    Growth

    3.4% for the next five years

    Major Grade  Type

    Blast Furnace

    Dominant Balling Type

    Balling Disc

    Key  Application Type

    Steel Production Segment

    Major Technology Type

    Oxygen Based/ Blast Furnace

    Dominant Source Type

    Hematite

    Key  Pelletizing Process Type

    Grate Kiln

    Region with the highest demand

    Asia-Pacific

    Key Players

    Anglo American, Bahrain Steel, BHP Billiton, Cleveland-Cliffs, Evraz, FERREXPO, Jindal SAW Ltd, LKAB, Meinvest, and Metalloinvest

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    Market Share Analysis

    Iron Ore Pellets Market Share: By Grade Type

    Based on the grade type, the market is segmented as blast furnace and direct reduction. The blast furnace segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment is owing to its ability to process large quantities of iron ore pellets coupled with continuous improvement in operational parameters.

    Iron Ore Pellets Market Share: By Balling Type

    Based on the balling type, the market is segmented as balling disc and balling drum. The balling disc segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period, owing to its quality coupled with the ability to manufacture desired shape and shape of pellets.

    Iron Ore Pellets Market Share: By Application Type

    Based on the application type, the market is segmented as steel production and iron-based chemicals. The steel production segment accounted for the larger share by application type in 2019, and is expected to maintain its dominance over the forecast period, on account of the growing demand from construction and automotive sectors.

    Iron Ore Pellets Market Share: By Technology Type

    Based on the technology type, the market is segmented as electric arc furnace, electric induction furnace, oxygen based/blast furnace. The oxygen-based blast furnace segment accounted for the largest share by technology in 2019, and is likely to maintain its command, bolstered by its superior effectiveness and efficiency in comparison to other technologies.

    Iron Ore Pellets Market Share: By Source Type

    Based on the source type, the market is segmented as hematite, magnetite, and others. The hematite segment accounted for the largest share by source in 2019, and is expected to maintain its dominance, driven by its high iron content as well as by its presence in abundance across the globe.

    Iron Ore Pellets Market Share: By Pelletizing Process Type

    Based on the pelletizing process type, the market is segmented as travelling grate, grate kiln, and others. The grate kiln segment accounted for the largest share by pelletizing process in 2019, and is expected to continue its leading position, owing to lower power consumption associated with the process.

    Iron Ore Pellets Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to contribute for a significant market share during the forecast period. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the rapid industrialization in emerging economies coupled with huge demand from the construction and automotive sectors, especially from India and China.

    Some of the major players in the iron ore pellets market are-

    • Anglo American
    • Bahrain Steel
    • BHP Billiton
    • Cleveland-Cliffs
    • Evraz
    • FERREXPO
    • Jindal SAW Ltd
    • LKAB
    • Meinvest
    • Metalloinvest.

     

    Market Scope & Segmentation

    Spheres of sizes ranging from 0.24 to 0.63 inch that are used as raw material for blast furnaces are called iron ore pellets. Their composition includes 64–72% Iron and various other materials to alter the metallurgic properties of the pellet.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Iron Ore Pellets Market Research Report – Features

    Market Segmentation

    7

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The iron ore pellets market is segmented into the following categories. 

    Iron Ore Pellets Market Size, Share, & Forecast, by Grade Type:

    • Blast Furnace  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Direct Reduction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Balling Type:

    • Balling Disc (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Balling Drum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Application Type:

    • Steel Production  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Iron-Based Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Technology Type:

    • Electric Arc Furnace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oxygen Based/Blast Furnace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Induction Furnace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Source Type:

    • Hematite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Magnetite  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Pelletizing Process Type:

    • Travelling Grate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Grate Kiln (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Iron Ore Pellets Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Grade portfolio, Grade launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the grade types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Iron Ore Pellets Market in the foreseeable future?

    Iron ore pellets market is expected to witness an impressive growth of 3.4% CAGR in the foreseeable future.

    Who are the key players in the Iron Ore Pellets Market?

    Anglo American, Bahrain Steel, BHP Billiton, Cleveland-Cliffs, Evraz, FERREXPO, Jindal SAW Ltd, LKAB, Meinvest, and Metalloinvest are among the key players in the iron ore pellets market.

    Which application type is expected to remain dominant in the Iron Ore Pellets Market?

    The steel production segment application type is expected to remain dominant in the iron ore pellets market.

    Which grade type is expected to remain dominant in the Iron Ore Pellets Market?

    The blast furnace segment is expected to remain dominant grade type in the iron ore pellets market in the coming years.

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