The Iron Ore Pellets Global Market Report 2023 by The Business Research Company, provides iron ore pellets market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Iron Ore Pellets Global Market Report 2023, the global iron ore pellets market size is expected to grow from $54.82 billion in 2022 to $57.32 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The iron ore pellets market size is expected to grow to $67.50 billion in 2027 at a CAGR of 4.2%.Proliferating steel demand in the construction sector is expected to propel the growth of the iron ore pellets market going forward. Construction is one of the most significant steel-using industries, accounting for more than 50% of world steel demand. The iron ore pellets are used to make steel products that are used heavily in construction.
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The iron ore pellets market is segmented:
1) By Product: Blast Furnace Iron Ore Pellets, Direct Reduced
2) By Technology: Oxygen-Based/Blast Furnace, Electric Arc Furnace, Electric Induction Furnace
3) By Application: Iron-based Chemicals, Steel Production
The iron ore pellets market report table of contents includes:
1. Executive Summary
2. Iron Ore Pellets Market Characteristics
3. Iron Ore Pellets Market Trends And Strategies
4. Iron Ore Pellets Market – Macro Economic Scenario
5. COVID-19 Impact On Iron Ore Pellets Market
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26. Africa Iron Ore Pellets Market
27. Iron Ore Pellets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Iron Ore Pellets Market
29. Iron Ore Pellets Market Future Outlook and Potential Analysis
30. Appendix
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