The Business Research Company’s latest report Iron Ore Global Market Report 2020 covers iron ore market drivers, iron ore market trends, iron ore market segments, iron ore market growth rate, iron ore market major players, and iron ore market size. The report provides in-depth analysis of the impact of COVID-19 on the iron ore industry, along with revised market numbers due to the effects of the coronavirus.
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Iron Ore Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global iron ore market reached a value of nearly $136,145.5 million in 2019, having increased at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to decline from $1,64,534.6 million in 2019 to $1,31,964.9 million in 2020 at a rate of –19.8%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to slightly grow from $130,892.0 million in 2021 to $132,496.9 million in 2023 at a CAGR of 0.6% and decline to $129,444.0 million in 2030.
The report covers the iron ore market’s segments-
1) By Type Of Ore: Agglomerated Iron Ores, Non-Agglomerated Iron Ores And Concentrates
2) By End-Users: The Iron Ore Market Can Be Segmented By End-Users, Construction, Manufacturing, Others
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