[Research Report] The direct reduced iron (DRI) market size is expected to grow from US$ 37,361.73 million in 2022 to US$ 66,803.85 million by 2030; it is estimated to register a CAGR of 7.6% from 2023 to 2030.
MARKET ANALYSIS
Direct Reduced Iron, also known as sponge iron, is obtained by the direct reduction of iron ore in the solid state either by hydrogen or carbon monoxide derived from natural gas or coal. It is produced by three processes including gas-based shaft furnace process, gas-based fluidized bed process, and coal based rotary kiln furnaces. Iron ore, coal, and natural gas are significant raw materials required, which are procured for all three processes. Steel making through direct reduced iron is considered as the sustainable route for steel production. It is commercially available in the form of lumps, pellets and fine. The product is gaining popularity worldwide as it is considered as valuable source of virgin iron for the electric steelmaking process.
GROWTH DRIVERS AND CHALLENGES
The rise in steel production and infrastructural activities across the globe has aided the direct reduced iron market growth in the past few years. Direct reduced iron has a high degree of iron content. It exhibits a consistent quality, and low sulfur and phosphorus content, along with insignificant impurities. Therefore, it is widely used as a substitute for scrap in steel production. In mini steel plants, sponge iron can be directly dissolved in an electric arc furnace instead of melting the steel scraps. Thus, the use of direct reduced iron in steel manufacturing is increasing with a continuous rise in the demand for steel. Steel is a vital alloy to modern economies as it plays a major role in manufacturing industries. It is the world’s most important engineering and construction material. The construction of homes, schools, hospitals, bridges, and automotive vehicles, among others, relies heavily on steel. Besides, increase in worldwide infrastructure activities along with rise in preference of green steel production using direct reduced iron as raw material in steel plants has created lucrative opportunities for industry expansion. However, shortage of high-quality iron ore creates a significant hurdle for steelmakers who are trying to reduce their carbon emissions. Hence, the lack of availability of high-quality raw materials of restrains the growth of the direct reduced iron market.
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Direct Reduced Iron (DRI) Market: Strategic Insights
Market Size Value in US$ 37,361.73 million in 2022 Market Size Value by US$ 66,803.85 million by 2030 Growth rate CAGR of 7.6% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Direct Reduced Iron (DRI) Market: Strategic Insights
| Market Size Value in | US$ 37,361.73 million in 2022 |
| Market Size Value by | US$ 66,803.85 million by 2030 |
| Growth rate | CAGR of 7.6% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Direct Reduced Iron Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global direct reduced iron market trends and growth opportunities. The report aims to provide an overview of the global direct reduced iron market with detailed market segmentation by form, production process, application, and geography. The global direct reduced iron market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of direct reduced iron worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the direct reduced iron market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the direct reduced iron market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative direct reduced iron market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global direct reduced iron market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global direct reduced iron market is segmented on the basis of form, production process, and application. Based on form, the direct reduced iron market is segmented as, lumps, pellets, and fine. On the basis of production process, the market is classified as, coal based and gas based. The direct reduced iron market is categorized on the basis of application into, steel making and construction.
Based on form, the pellet form accounted for a significant direct reduced iron market share which can be attributed to its popularity across the globe and wide availability. Pellets are more resistant to disintegration than iron ore lumps. The high metallization rate, effectiveness and availability of uniform sizes of pellets of direct reduced iron in EAF steelmaking route is driving the segment’s growth Lump form segment has been growing in popularity owing to better reducibility properties compared to pellets. The iron rich lumps are used for manufacturing various steel products, including fine wire, forging bars, plates, and seamless tubes. Based on production process, gas based accounted for a major market share owing to rise in transition from coal fired to gas fired plants to reduce carbon emissions. For instance, in 2017, the Indian government announced to increase the share of natural gas in its energy mix to 15 percent by 2030. Natural gas is a cleaner fossil fuel compared to coal. Based on application, steel making held major market share, as it is considered to be most viable source of virgin iron feed material in steel production. Construction application segment will grow at a significant pace owing to increasing renovation activities and government investment in infrastructure projects across the globe. Sponge iron is used to produce steel rebars and ingots. Besides, the construction industry has undergone massive changes relating to the use of environment-friendly materials in infrastructure projects. This will further attract new growth opportunities for the overall industry growth.
REGIONAL ANALYSIS
The report provides a detailed overview of the global direct reduced iron market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Middle East & Africa accounted for a significant share of the market and valued at more than US$ 15 billion in 2022 and estimated to reach approximately US$ 24 billion in 2028. Steady growth of the construction industry along with the abundance availability of DR-grade iron have positively contributed to the market growth in Middle East & Africa. Asia Pacific is also expected to witness considerable growth valued at over US$ 14 billion in 2022, attributed to increasing industrialization and urbanization projects driving product demand in steelmaking and construction applications. Asia contributes to large percentage of the world’s production of steel. China, India, Japan, and South Korea made the top 10 list of steel producers globally. North America is also expected to witness considerable growth valued at over US$ 3 billion in 2022, attributed to the expansion of electric arc furnace-based steel production, and increasing construction activities.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global direct reduced iron market.
In April, 2022, ArcelorMittal acquired 80% shareholding in Voestalpine’s world-class Hot Briquetted Iron (‘HBI’) plant in Corpus Christi, Texas. The voestalpine will reserve the remaining 20% share.
In November, 2020, Tenova signed a contract with the HBIS Group for implementing the Paradigm Project, a High-Tech hydrogen energy development and utilization plant. The project includes a 600,000 Kilotons Per Year energiron DRI plant.
Direct Reduced Iron Market Report Scope
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The COVID-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. Industries such as steel and construction have been the major contributors to the demand for direct reduced iron. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by the shutdown of national and international boundaries. The COVID-19 pandemic led to a shortage of manpower, which interrupted direct reduced iron production and distribution operations. Disruptions in global supply chain and shutdown of industrial material production facilities led to a severe spike in the prices of direct reduced iron. Lockdowns imposed by governments of different countries in 2020 hampered the ability of industries to maintain inventory levels. However, in 2021, the global marketplace began recovering from the losses incurred in 2020 as governments of various countries announced relaxation in social restrictions. Manufacturers were permitted to operate at full capacities, which helped them overcome the demand–supply gap. Therefore, the direct reduced iron market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the direct reduced iron market include, Nucor Corp, Cleveland-Cliffs Inc., Kobe Steel Ltd, Voestalpine AG, Ternium SA, SMS Group GmbH, JSW Steel Ltd, Tenova SpA, Liberty Steel Group Holdings UK Ltd, Bharat Engineering Works Pvt Ltd., Mobarakeh Steel Company, Khouzestan Steel Company, Tosyali Algerie, Emirates Steel Arkan, Tata Steel Ltd., Briquetera del Orinoco and OMK among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Production Process, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Iran, Italy, Japan, Malaysia, Mexico, Russian Federation, Saudi Arabia, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The pellets segment held the largest market share. Pelletization has proved to be efficient way to utilize iron ore fines generated during mining. The difference in chemical composition and physical properties of iron ore and iron ore pellets has impact on quality of direct reduced iron produced.
The major players operating in the global direct reduced iron (DRI) market are Nucor Corp, Cleveland-Cliffs Inc., Kobe Steel Ltd, Voestalpine AG, Ternium SA, SMS Group GmbH, JSW Steel Ltd, Tenova SpA, Liberty Steel Group Holdings UK Ltd, and Bharat Engineering Works Pvt Ltd.
In 2022, Middle East & Africa held the largest revenue share of the global direct reduced iron (DRI) market. The direct reduced iron (DRI) market growth in Iran, Saudi Arabia, and UAE is attributed to growing manufacturing sector in the region. The steel industry in the region is dominated by direct reduced iron utilized as a raw material. According to institute for energy economics and financial analysis the Middle East and Africa contributes almost 46% of the world direct reduced iron (DRI) production.
The steel making segment held the largest share of the market in 2022. The increase in steel production due to high demand from construction and other end use industries make direct reduced iron (DRI) very attractive source for steel making. Huge supply of natural gas coupled with low cost in the United States makes direct reduced iron (DRI) an attractive source of iron for steelmakers.
Asia Pacific is estimated to register the fastest CAGR in the global direct reduced iron (DRI) market over the forecast period. The demand for steel production to meet the needs of construction industry and efforts to reduce the co2 emissions during steel production process in Asian countries is driving the market for direct reduced iron (DRI) in the region.
The gas based segment held the largest share of the market in 2022. Gas based shaft furnace process converts iron oxides in the form of pellets or lump ore into direct reduced iron (DRI). There are three popular gas-based processes. These are HYL process, Midrex process, and PERED process Midrex technology the most popular gas based production process for direct reduced iron.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Direct Reduced Iron (DRI) Market, by Form
1.3.2 Direct Reduced Iron (DRI) Market, by Production Process
1.3.3 Direct Reduced Iron (DRI) Market, by Application
1.3.4 Direct Reduced Iron (DRI) Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Direct Reduced Iron (DRI) Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors/Suppliers
4.3.5 End-Use Industries
4.4 Expert Opinion
5. Direct Reduced Iron (DRI) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Steel Production and Use
5.1.2 Expansion of Direct Reduced Iron Plants
5.2 Market Restraints
5.2.1 Shortage of High-Quality Raw Materials
5.3 Market Opportunities
5.3.1 Rising Preference for Green Steel Production
5.4 Future Trends
5.4.1 Initiatives by Various Government Bodies to Lower Carbon Footprint
5.5 Impact Analysis
6. Direct Reduced Iron (DRI) – Global Market Analysis
6.1 Direct Reduced Iron (DRI) Market Overview
6.2 Direct Reduced Iron (DRI) Market –Volume and Forecast to 2030 (Kilo Tons)
6.3 Direct Reduced Iron (DRI) Market –Revenue and Forecast to 2030 (US$ Million)
6.4 Market Positioning – Key Market Players
7. Global Direct Reduced Iron (DRI) Market Analysis – By Form
7.1 Overview
7.2 Direct Reduced Iron (DRI) Market, By Form (2022 and 2030)
7.3 Lumps
7.3.1 Overview
7.3.2 Lumps: Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.3.3 Lumps: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pellets
7.4.1 Overview
7.4.2 Pellets: Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.4.3 Pellets: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Fine
7.5.1 Overview
7.5.2 Fine: Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.5.3 Fine: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
8. Global Direct Reduced Iron (DRI) Market Analysis – By Production Process
8.1 Overview
8.2 Direct Reduced Iron (DRI) Market, By Production Process (2022 and 2030)
8.3 Coal Based
8.3.1 Overview
8.3.2 Coal Based: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Gas Based
8.4.1 Overview
8.4.2 Gas Based: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
9. Global Direct Reduced Iron (DRI) Market Analysis – By Application
9.1 Overview
9.2 Direct Reduced Iron (DRI) Market, By Application (2022 and 2030)
9.3 Steel Making
9.3.1 Overview
9.3.2 Steel Making: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Construction
9.4.1 Overview
9.4.2 Construction: Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
10. Global Direct Reduced Iron Market – Geographic Analysis
10.1 Overview
10.2 North America: Direct Reduced Iron Market
10.2.1 North America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.2.2 North America: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Direct Reduced Iron Market, by Form
10.2.4 North America: Direct Reduced Iron Market, by Production Process
10.2.5 North America: Direct Reduced Iron Market, by Application
10.2.6 North America: Direct Reduced Iron Market, by Key Country
10.2.6.1 US: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.2.6.2 US: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 US: Direct Reduced Iron Market, by Form
10.2.6.2.2 US: Direct Reduced Iron Market, by Form
10.2.6.2.3 US: Direct Reduced Iron Market, by Production Process
10.2.6.2.4 US: Direct Reduced Iron Market, by Application
10.2.6.3 Canada: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.2.6.4 Canada: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Canada: Direct Reduced Iron Market, by Form
10.2.6.4.2 Canada: Direct Reduced Iron Market, by Form
10.2.6.4.3 Canada: Direct Reduced Iron Market, by Production Process
10.2.6.4.4 Canada: Direct Reduced Iron Market, by Application
10.2.6.5 Mexico: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.2.6.6 Mexico: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.2.6.6.1 Mexico: Direct Reduced Iron Market, by Form
10.2.6.6.2 Mexico: Direct Reduced Iron Market, by Form
10.2.6.6.3 Mexico: Direct Reduced Iron Market, by Production Process
10.2.6.6.4 Mexico: Direct Reduced Iron Market, by Application
10.3 Europe: Direct Reduced Iron Market
10.3.1 Europe: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.2 Europe: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Direct Reduced Iron Market, by Form
10.3.4 Europe: Direct Reduced Iron Market, by Production Process
10.3.5 Europe: Direct Reduced Iron Market, by Application
10.3.6 Europe: Direct Reduced Iron Market, by Key Country
10.3.6.1 Germany: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.6.2 Germany: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: Direct Reduced Iron Market, by Form
10.3.6.2.2 Germany: Direct Reduced Iron Market, by Form
10.3.6.2.3 Germany: Direct Reduced Iron Market, by Production Process
10.3.6.2.4 Germany: Direct Reduced Iron Market, by Application
10.3.6.3 France: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.6.4 France: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 France: Direct Reduced Iron Market, by Form
10.3.6.4.2 France: Direct Reduced Iron Market, by Form
10.3.6.4.3 France: Direct Reduced Iron Market, by Production Process
10.3.6.4.4 France: Direct Reduced Iron Market, by Application
10.3.6.5 Italy: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.6.6 Italy: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Italy: Direct Reduced Iron Market, by Form
10.3.6.6.2 Italy: Direct Reduced Iron Market, by Form
10.3.6.6.3 Italy: Direct Reduced Iron Market, by Production Process
10.3.6.6.4 Italy: Direct Reduced Iron Market, by Application
10.3.6.7 United Kingdom: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.6.8 United Kingdom: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.6.8.1 United Kingdom: Direct Reduced Iron Market, by Form
10.3.6.8.2 United Kingdom: Direct Reduced Iron Market, by Form
10.3.6.8.3 United Kingdom: Direct Reduced Iron Market, by Production Process
10.3.6.8.4 United Kingdom: Direct Reduced Iron Market, by Application
10.3.6.9 Russia: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
10.3.6.10 Russia: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
10.3.6.10.1 Russia: Direct Reduced Iron Market, by Form
10.3.6.10.2 Russia: Direct Reduced Iron Market, by Form
10.3.6.10.3 Russia: Direct Reduced Iron Market, by Production Process
10.3.6.10.4 Russia: Direct Reduced Iron Market, by Application
10.3.6.11 Rest of Europe: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.3.6.12 Rest of Europe: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.3.6.12.1 Rest of Europe: Direct Reduced Iron Market, by Form
10.3.6.12.2 Rest of Europe: Direct Reduced Iron Market, by Form
10.3.6.12.3 Rest of Europe: Direct Reduced Iron Market, by Production Process
10.3.6.12.4 Rest of Europe: Direct Reduced Iron Market, by Application
10.4 Asia Pacific: Direct Reduced Iron Market
10.4.1 Asia Pacific: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.4.2 Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Direct Reduced Iron Market, by Form
10.4.4 Asia Pacific: Direct Reduced Iron Market, by Production Process
10.4.5 Asia Pacific: Direct Reduced Iron Market, by Application
10.4.6 Asia Pacific: Direct Reduced Iron Market, by Key Country
10.4.6.1 Malaysia: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.2 Malaysia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 Malaysia: Direct Reduced Iron Market, by Form
10.4.6.2.2 Malaysia: Direct Reduced Iron Market, by Form
10.4.6.2.3 Malaysia: Direct Reduced Iron Market, by Production Process
10.4.6.2.4 Malaysia: Direct Reduced Iron Market, by Application
10.4.6.3 China: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.4 China: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 China: Direct Reduced Iron Market, by Form
10.4.6.4.2 China: Direct Reduced Iron Market, by Form
10.4.6.4.3 China: Direct Reduced Iron Market, by Production Process
10.4.6.4.4 China: Direct Reduced Iron Market, by Application
10.4.6.5 India: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.6 India: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 India: Direct Reduced Iron Market, by Form
10.4.6.6.2 India: Direct Reduced Iron Market, by Form
10.4.6.6.3 India: Direct Reduced Iron Market, by Production Process
10.4.6.6.4 India: Direct Reduced Iron Market, by Application
10.4.6.7 Japan: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.8 Japan: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.8.1 Japan: Direct Reduced Iron Market, by Form
10.4.6.8.2 Japan: Direct Reduced Iron Market, by Form
10.4.6.8.3 Japan: Direct Reduced Iron Market, by Production Process
10.4.6.8.4 Japan: Direct Reduced Iron Market, by Application
10.4.6.9 South Korea: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.10 South Korea: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.10.1 South Korea: Direct Reduced Iron Market, by Form
10.4.6.10.2 South Korea: Direct Reduced Iron Market, by Form
10.4.6.10.3 South Korea: Direct Reduced Iron Market, by Production Process
10.4.6.10.4 South Korea: Direct Reduced Iron Market, by Application
10.4.6.11 Rest of Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.4.6.12 Rest of Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.4.6.12.1 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
10.4.6.12.2 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
10.4.6.12.3 Rest of Asia Pacific: Direct Reduced Iron Market, by Production Process
10.4.6.12.4 Rest of Asia Pacific: Direct Reduced Iron Market, by Application
10.5 Middle East and Africa: Direct Reduced Iron Market
10.5.1 Middle East and Africa: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.5.2 Middle East and Africa: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Direct Reduced Iron Market, by Form
10.5.4 Middle East and Africa: Direct Reduced Iron Market, by Production Process
10.5.5 Middle East and Africa: Direct Reduced Iron Market, by Application
10.5.6 Middle East and Africa: Direct Reduced Iron Market, by Key Country
10.5.6.1 Iran: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.5.6.2 Iran: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 Iran: Direct Reduced Iron Market, by Form
10.5.6.2.2 Iran: Direct Reduced Iron Market, by Form
10.5.6.2.3 Iran: Direct Reduced Iron Market, by Production Process
10.5.6.2.4 Iran: Direct Reduced Iron Market, by Application
10.5.6.3 Saudi Arabia: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.5.6.4 Saudi Arabia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 Saudi Arabia: Direct Reduced Iron Market, by Form
10.5.6.4.2 Saudi Arabia: Direct Reduced Iron Market, by Form
10.5.6.4.3 Saudi Arabia: Direct Reduced Iron Market, by Production Process
10.5.6.4.4 Saudi Arabia: Direct Reduced Iron Market, by Application
10.5.6.5 UAE: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.5.6.6 UAE: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.5.6.6.1 UAE: Direct Reduced Iron Market, by Form
10.5.6.6.2 UAE: Direct Reduced Iron Market, by Form
10.5.6.6.3 UAE: Direct Reduced Iron Market, by Production Process
10.5.6.6.4 UAE: Direct Reduced Iron Market, by Application
10.5.6.7 Rest of Middle East & Africa: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.5.6.8 Rest of Middle East & Africa: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.5.6.8.1 Rest of Middle East & Africa: Direct Reduced Iron Market, by Form
10.5.6.8.2 Rest of Middle East & Africa: Direct Reduced Iron Market, by Form
10.5.6.8.3 Rest of Middle East & Africa: Direct Reduced Iron Market, by Production Process
10.5.6.8.4 Rest of Middle East & Africa: Direct Reduced Iron Market, by Application
10.6 South & Central America: Direct Reduced Iron Market
10.6.1 South & Central America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.6.2 South & Central America: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.6.3 South & Central America: Direct Reduced Iron Market, by Form
10.6.4 South & Central America: Direct Reduced Iron Market, by Production Process
10.6.5 South & Central America: Direct Reduced Iron Market, by Application
10.6.6 South & Central America: Direct Reduced Iron Market, by Key Country
10.6.6.1 Brazil: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.6.6.2 Brazil: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: Direct Reduced Iron Market, by Form
10.6.6.2.2 Brazil: Direct Reduced Iron Market, by Form
10.6.6.2.3 Brazil: Direct Reduced Iron Market, by Production Process
10.6.6.2.4 Brazil: Direct Reduced Iron Market, by Application
10.6.6.3 Argentina: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.6.6.4 Argentina: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Argentina: Direct Reduced Iron Market, by Form
10.6.6.4.2 Argentina: Direct Reduced Iron Market, by Form
10.6.6.4.3 Argentina: Direct Reduced Iron Market, by Production Process
10.6.6.4.4 Argentina: Direct Reduced Iron Market, by Application
10.6.6.5 Rest of South & Central America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.6.6.6 Rest of South & Central America: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.6.6.6.1 Rest of South & Central America: Direct Reduced Iron Market, by Form
10.6.6.6.2 Rest of South & Central America: Direct Reduced Iron Market, by Form
10.6.6.6.3 Rest of South & Central America: Direct Reduced Iron Market, by Production Process
10.6.6.6.4 Rest of South & Central America: Direct Reduced Iron Market, by Application
11. Impact of COVID-19 Pandemic on Direct Reduced Iron Market
11.1 Overview
11.2 Impact of COVID-19 on Direct Reduced Iron Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
11.4 Europe: Impact Assessment of COVID-19 Pandemic
11.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.7 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Merger and Acquisition
13. Company Profiles
13.1 Nucor Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cleveland-Cliffs Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kobe Steel Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SMS Group GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Voestalpine AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ternium SA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 JSW Steel Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tenova SpA
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Liberty Steel Group Holdings UK Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Bharat Engineering Works Pvt Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Direct Reduced Iron (DRI) Market –Volume and Forecast to 2030 (Kilo Tons)
Table 2. Direct Reduced Iron (DRI) Market –Revenue and Forecast to 2030 (US$ Million)
Table 3. Global Direct Reduced Iron Market, by Form – Volume and Forecast to 2028 (Kilo Tons)
Table 4. Global Direct Reduced Iron (DRI) Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 5. Global Direct Reduced Iron (DRI) Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 6. Global Direct Reduced Iron (DRI) Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. North America Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 8. North America Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 9. North America Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 10. North America Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. US Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 12. US Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 13. US Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 14. US Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 15. Canada: Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 16. Canada: Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 17. Canada: Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 18. Canada: Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 19. Mexico Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 20. Mexico Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 21. Mexico Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 22. Mexico Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 23. Europe Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 24. Europe Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 25. Europe Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 26. Europe Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 27. Germany Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 28. Germany Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 29. Germany Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 30. Germany Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 31. France Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 32. France Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 33. France Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 34. France Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 35. Italy Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 36. Italy Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 37. Italy Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 38. Italy Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 39. United Kingdom Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 40. United Kingdom Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 41. United Kingdom Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 42. United Kingdom Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 43. Russia: Direct Reduced Iron Market, by Form– Volume and Forecast to 2030 (Kilo Tons)
Table 44. Russia: Direct Reduced Iron Market, by Form– Revenue and Forecast to 2030 (US$ Million)
Table 45. Russia: Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 46. Russia: Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 47. Rest of Europe Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 48. Rest of Europe Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 49. Rest of Europe Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 50. Rest of Europe Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 51. Asia Pacific Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 52. Asia Pacific Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 53. Asia Pacific Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 54. Asia Pacific Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 55. Malaysia Direct Reduced Iron Market, by Form– Volume and Forecast to 2030 (Kilo Tons)
Table 56. Malaysia Direct Reduced Iron Market, by Form– Revenue and Forecast to 2030 (US$ Million)
Table 57. Malaysia Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 58. Malaysia Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 59. China Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 60. China Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 61. China Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 62. China Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 63. India Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 64. India Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 65. India Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 66. India Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 67. Japan Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 68. Japan Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 69. Japan Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 70. Japan Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 71. South Korea Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 72. South Korea Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 73. South Korea Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 74. South Korea Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 75. Rest of Asia Pacific Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 76. Rest of Asia Pacific Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 77. Rest of Asia Pacific Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 78. Rest of Asia Pacific Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 83. Iran Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 84. Iran Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 85. Iran Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 86. Iran Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 87. Saudi Arabia Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 88. Saudi Arabia Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 89. Saudi Arabia Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 90. Saudi Arabia Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 91. UAE Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 92. UAE Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 93. UAE Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 94. UAE Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 95. Rest of Middle East & Africa Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 96. Rest of Middle East & Africa Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 97. Rest of Middle East & Africa Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 98. Rest of Middle East & Africa Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 99. South & Central America Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 100. South & Central America Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 101. South & Central America Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 102. South & Central America Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 103. Brazil Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 104. Brazil Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 105. Brazil Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 106. Brazil Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 107. Argentina Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 108. Argentina Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 109. Argentina Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 110. Argentina Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 111. Rest of South & Central America Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 112. Rest of South & Central America Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 113. Rest of South & Central America Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 114. Rest of South & Central America Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 115. Glossary of Terms, Global Direct Reduced Iron (DRI) Market
LIST OF FIGURES
Figure 1. Direct Reduced Iron (DRI) Market Segmentation
Figure 2. Direct Reduced Iron (DRI) Market Segmentation – By Geography
Figure 3. Global Direct Reduced Iron (DRI) Market Overview
Figure 4. Global Direct Reduced Iron (DRI) Market, By Form
Figure 5. Global Direct Reduced Iron (DRI) Market, by Geography
Figure 6. Global Direct Reduced Iron (DRI) Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis of Direct Reduced Iron (DRI) Market
Figure 8. Direct Reduced Iron (DRI) Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. Global Direct Reduced Iron (DRI) Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Direct Reduced Iron (DRI) Market
Figure 12. Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 13. Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Direct Reduced Iron (DRI) Market Revenue Share, By Form (2022 and 2030)
Figure 15. Lumps: Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 16. Lumps: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 17. Pellets: Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 18. Pellets: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 19. Fine: Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 20. Fine: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 21. Direct Reduced Iron (DRI) Market Revenue Share, By Production Process (2022 and 2030)
Figure 22. Coal Based: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 23. Gas Based: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 24. Direct Reduced Iron (DRI) Market Revenue Share, By Application (2022 and 2030)
Figure 25. Steel Making: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 26. Construction: Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 27. Global Direct Reduced Iron Market Revenue Share, by Region (2022 and 2030)
Figure 28. North America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 29. North America: Direct Reduced Iron Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. North America: Direct Reduced Iron Market Revenue Share, by Form (2022 and 2030)
Figure 31. North America: Direct Reduced Iron Market Revenue Share, by Production Process (2022 and 2030)
Figure 32. North America: Direct Reduced Iron Market Revenue Share, by Application (2022 and 2030)
Figure 33. North America: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 34. US: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 35. US: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 36. Canada: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 37. Canada: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 38. Mexico: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 39. Mexico: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 40. Europe: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 41. Europe: Direct Reduced Iron Market– Revenue and Forecast to 2030 (US$ Million)
Figure 42. Europe: Direct Reduced Iron Market Revenue Share, by Form (2022 and 2030)
Figure 43. Europe: Direct Reduced Iron Market Revenue Share, by Production Process (2022 and 2030)
Figure 44. Europe: Direct Reduced Iron Market Revenue Share, by Application (2022 and 2030)
Figure 45. Europe: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 46. Germany: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 47. Germany: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 48. France: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 49. France: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 50. Italy: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 51. Italy: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 52. United Kingdom: Direct Reduced Iron Market–Volume and Forecast to 2030 (Kilo Tons)
Figure 53. United Kingdom: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 54. Russia: Direct Reduced Iron Market– Volume and Forecast to 2030 (Kilo Tons)
Figure 55. Russia: Direct Reduced Iron Market–Revenue and Forecast to 2030 (US$ Million)
Figure 56. Rest of Europe: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 57. Rest of Europe: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 58. Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 59. Asia Pacific: Direct Reduced Iron Market – Revenue and Forecast to 2030 (US$ Million)
Figure 60. Asia Pacific: Direct Reduced Iron Market Revenue Share, by Form (2022 and 2030)
Figure 61. Asia Pacific: Direct Reduced Iron Market Revenue Share, by Production Process (2022 and 2030)
Figure 62. Asia Pacific: Direct Reduced Iron Market Revenue Share, by Application (2022 and 2030)
Figure 63. Asia Pacific: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 64. Malaysia: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 65. Malaysia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 66. China: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 67. China: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 68. India: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 69. India: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 70. Japan: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 71. Japan: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 72. South Korea: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 73. South Korea: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 74. Rest of Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 75. Rest of Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 76. Middle East and Africa: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 77. Middle East and Africa: Direct Reduced Iron Market – Revenue and Forecast to 2030 (US$ Million)
Figure 78. Middle East and Africa: Direct Reduced Iron Market Revenue Share, by Form (2022 and 2030)
Figure 79. Middle East and Africa: Direct Reduced Iron Market Revenue Share, by Production Process (2022 and 2030)
Figure 80. Middle East and Africa: Direct Reduced Iron Market Revenue Share, by Application (2022 and 2030)
Figure 81. Middle East and Africa: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 82. Iran: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 83. Iran: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 84. Saudi Arabia: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 85. Saudi Arabia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 86. UAE: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 87. UAE: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 88. Rest of Middle East & Africa: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 89. Rest of Middle East & Africa: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 90. South & Central America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 91. South & Central America: Direct Reduced Iron Market – Revenue and Forecast to 2030 (US$ Million)
Figure 92. South & Central America: Direct Reduced Iron Market Revenue Share, by Form (2022 and 2030)
Figure 93. South & Central America: Direct Reduced Iron Market Revenue Share, by Production Process (2022 and 2030)
Figure 94. South & Central America: Direct Reduced Iron Market Revenue Share, by Application (2022 and 2030)
Figure 95. South & Central America: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 96. Brazil: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 97. Brazil: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 98. Argentina: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 99. Argentina: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 100. Rest of South & Central America: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
Figure 101. Rest of South & Central America: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 102. Impact of COVID-19 Pandemic on Direct Reduced Iron Market in North America
Figure 103. Impact of COVID-19 Pandemic on Direct Reduced Iron Market in Europe
Figure 104. Impact of COVID-19 Pandemic on Direct Reduced Iron Market in Asia Pacific
Figure 105. Impact of COVID-19 Pandemic on Direct Reduced Iron Market in Middle East & Africa
Figure 106. Impact of COVID-19 Pandemic on Direct Reduced Iron Market in South & Central America
The List of Companies - Direct Reduced Iron (DRI) Market
- Nucor Corp
- Cleveland-Cliffs Inc.
- Kobe Steel Ltd
- Voestalpine AG
- Ternium SA
- SMS Group GmbH
- JSW Steel Ltd
- Tenova SpA
- Liberty Steel Group Holdings UK Ltd
- Bharat Engineering Works Pvt Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Jun 2023
Plastic Pipes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Corrugated (Single-Wall and Multi-Wall) and Smoothwall], Material Type (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), Application (Water Supply, Sewage and Drainage, Irrigation, Gas Distribution, and Others), End-Use Industry (Construction and Infrastructure, Water and Wastewater Management, Oil and Gas, and Others), and Geography
Jun 2023
Nonwovens for Energy Applications Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography
Jun 2023
Hot Melt Adhesives Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others), and Geography
Jun 2023
Cosmetic Preservatives Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Source (Natural and Synthetic), Product Type (Parabens, Formaldehyde Releasers, Organic Acids, Quaternary Compounds, Phenol Derivatives, Alcohols, and Others), Application (Hair Care, Skin Care, Makeup Products, Toiletries, Perfumes and Deodorants, and Others), and Geography
Jun 2023
Sealants Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Silicone Sealants, Polyurethane Sealants, Acrylic Sealants, Polysulfide Sealants, Butyl Sealants, Hybrid Sealants (Silane Modified Polymer Sealants, Polyurethane Modified Acrylic Sealants, and Others), and Others], Application (Waterproofing, Insulation, Bonding and Sealing, Soundproofing, and Others), End-Use Industry (Building & Construction, Automotive, Electronics, Healthcare, Aerospace & Defense, Marine, Energy & Power, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Jun 2023
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
Jun 2023
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
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