Market Overview:
The Global Blast Furnace Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for cast products in the automotive and electronics industries. Additionally, the growing demand for blast furnaces in developing countries such as China and India is also contributing to the market growth. The global blast furnace market can be segmented on the basis of type into cold blast blowers and hot blast ovens. The cold blast blowers segment dominated the global market in 2017, owing to its low installation cost and easy operation. However, with technological advancements, hotblast ovens are gaining popularity due their ability to produce high-quality cast products with less fuel consumption as compared to coldblast blowers. On the basis of application,the global Blast Furnace Market can be divided into four segments: electronics, automobile, casting and others (including construction & infrastructure).
Product Definition:
A blast furnace is a large, steel-lined oven where iron ore is melted and converted into steel. The blast furnace is important because it produces the pig iron that is the main ingredient in making steel.
Cold Blast Blowers:
The blast furnace is a device used to melt pig iron or metal alloys in the presence of high temperature and pressure. The molten metal is forced into a long, narrow channel called as the ladle by means of compressed air or steam. In order to increase efficiency, electric motors are installed at both ends of the ladle in different positions; one for compressing air and other for discharging the compressed air/steam through pipes into tundishes where hot metals are placed.
Hot Blast Ovens:
Hot blast ovens are used in the production of steel. It is a type of electric oven which uses high temperature and pressure for processing the raw materials such as iron ore, coal, scrap etc. to produce steel. The process is known as de-carbonization or decarburization and it reduces impurities present in the raw material such as sulfur and scale during its preparation for steel manufacturing process.
Application Insights:
The automotive segment is anticipated to witness the fastest growth over the forecast period. The rising demand for steel in the automotive industry owing to its lightweight properties has been a major factor driving market growth. In addition, increasing production of electric vehicles on account of government support and subsidies is expected to drive demand further.
The electronics application segment accounted for more than 15% share in 2017 and is projected to expand at a CAGR exceeding 7% from 2018 to 2030 due largelyto growing electronics manufacturing activities across globe especially China Japan South Korea Taiwan India Mexico Brazil Russia U.S., which are supported by various governments initiatives such as ¢â‚¬Å“Make in India¢â‚¬ policy adopted by Indian Government, ¢â‚¬Å“Electronics City Malaysia 2020″ plan undertaken by Malaysian Government, etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for consumer electronics, automobiles, and industrial equipment & machinery. China is one of the largest markets for blast furnaces across this region owing to low labor costs as compared to other countries in Asia Pacific. Moreover, increasing investments by various governments in developing countries such as India are also contributing towards market growth across Asia Pacific.
The European regional market held a share of around 25% in terms of revenue generated from blast furnaces globally in 2017 due mainly to high automotive production coupled with growing investments by companies such as Siemens AG and Alstom Grid Ltd.
Growth Factors:
- Increasing demand for steel from construction and automotive industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in blast furnaces
- Stringent environmental regulations to reduce emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Blast Furnace Market Research Report
By Type
Cold Blast Blowers, Hot Blast Ovens
By Application
Electronics, Automobile, Casting, Others
By Companies
Noble Industrial Furnace, Can-Eng Furnaces, JPW Industrial Ovens and Furnaces, Wisconsin Oven, GRIEVE, Hanrm, Allied Mineral, Noble Industrial Furnace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Blast Furnace Market Report Segments:
The global Blast Furnace market is segmented on the basis of:
Types
Cold Blast Blowers, Hot Blast Ovens
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics, Automobile, Casting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Noble Industrial Furnace
- Can-Eng Furnaces
- JPW Industrial Ovens and Furnaces
- Wisconsin Oven
- GRIEVE
- Hanrm
- Allied Mineral
- Noble Industrial Furnace
Highlights of The Blast Furnace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cold Blast Blowers
- Hot Blast Ovens
- By Application:
- Electronics
- Automobile
- Casting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blast Furnace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A blast furnace is a type of industrial furnace used to produce steel. The heat from the burning coal or coke in the furnace melts the metal, which is then poured into molds and allowed to cool.
Some of the major players in the blast furnace market are Noble Industrial Furnace, Can-Eng Furnaces, JPW Industrial Ovens and Furnaces, Wisconsin Oven, GRIEVE, Hanrm, Allied Mineral, Noble Industrial Furnace.
The blast furnace market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blast Furnace Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blast Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blast Furnace Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blast Furnace Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blast Furnace Market Size & Forecast, 2018-2028
4.5.1 Blast Furnace Market Size and Y-o-Y Growth
4.5.2 Blast Furnace Market Absolute $ Opportunity
Chapter 5 Global Blast Furnace Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blast Furnace Market Size Forecast by Type
5.2.1 Cold Blast Blowers
5.2.2 Hot Blast Ovens
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blast Furnace Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blast Furnace Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Automobile
6.2.3 Casting
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blast Furnace Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blast Furnace Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blast Furnace Analysis and Forecast
9.1 Introduction
9.2 North America Blast Furnace Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blast Furnace Market Size Forecast by Type
9.6.1 Cold Blast Blowers
9.6.2 Hot Blast Ovens
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blast Furnace Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Automobile
9.10.3 Casting
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blast Furnace Analysis and Forecast
10.1 Introduction
10.2 Europe Blast Furnace Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blast Furnace Market Size Forecast by Type
10.6.1 Cold Blast Blowers
10.6.2 Hot Blast Ovens
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blast Furnace Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Automobile
10.10.3 Casting
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blast Furnace Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blast Furnace Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blast Furnace Market Size Forecast by Type
11.6.1 Cold Blast Blowers
11.6.2 Hot Blast Ovens
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blast Furnace Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Automobile
11.10.3 Casting
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blast Furnace Analysis and Forecast
12.1 Introduction
12.2 Latin America Blast Furnace Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blast Furnace Market Size Forecast by Type
12.6.1 Cold Blast Blowers
12.6.2 Hot Blast Ovens
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blast Furnace Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Automobile
12.10.3 Casting
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blast Furnace Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blast Furnace Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blast Furnace Market Size Forecast by Type
13.6.1 Cold Blast Blowers
13.6.2 Hot Blast Ovens
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blast Furnace Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Automobile
13.10.3 Casting
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blast Furnace Market: Competitive Dashboard
14.2 Global Blast Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Noble Industrial Furnace
14.3.2 Can-Eng Furnaces
14.3.3 JPW Industrial Ovens and Furnaces
14.3.4 Wisconsin Oven
14.3.5 GRIEVE
14.3.6 Hanrm
14.3.7 Allied Mineral
14.3.8 Noble Industrial Furnace
