Market Overview:
The global iron ore metals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel and other applications in various regions across the globe. Hematite is expected to be the most dominant type of iron ore metal used in the market, followed by magnetite and others. Asia Pacific is estimated to hold a major share of the global iron ore metals market during the forecast period, owing to high demand from countries such as China and India.
Product Definition:
Iron ore is a type of mineralized rock that contains sufficient iron content to make it economically feasible to extract. Iron ore is the source of primary iron for the world's steel industry. It is therefore essential for the production of automobiles, appliances, and other items that require steel.
Hematite:
Hematite is a mineral, which occurs naturally as well as can be manufactured using a synthetic process. It has the ability to absorb blood stains and is used in the treatment of various diseases such as bleeding disorders, anemia and leukemia.
Magnetite:
Magnetite is a naturally occurring mineral and the most common type of iron ore. It has a Mohs hardness of 3-3.5 and specific gravity ranging from 2.7 to 3.2 depending on the degree of purity required for various applications in steel, cement, etc., which makes it suitable for use as an iron ore metal or Ingot in steel making process (ferrous).
The global production volume was estimated at 575 million tons in 2016.
Application Insights:
The steel application segment led the global iron ore metals market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for steel from construction, automotive and industrial sectors across the globe. Construction activities are booming across various developing countries including India, China and Brazil owing to which construction materials including iron ore are in high demand leading to an increase in product prices which eventually benefits consumers buying power.
The chemical industry application segment accounted for a share of 15% globally as well as locally in 2017 owing to rising utilization of chemicals such as ferroalloys, ferrosilicon.
Regional Analysis:
Asia Pacific dominated the global iron ore metals market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.0% in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 owing to rising steel production across emerging economies, such as India, China, Indonesia, Vietnam and Thailand among others.
The Asia Pacific was followed by North America which accounted for 16.1% of the global revenue share in 2016 owing to high consumption levels of steel products across U S A and Canada among other countries within this region are major consumers due to their strong manufacturing sector growth over past few years along with increasing construction spending capacity after economic recovery from recession post-recessionary state between 2009 & 2011 globally (GDP).
Growth Factors:
- Growing demand from the construction and automotive industries
- Increasing use in steel production
- Rising consumption in developing countries
- Limited alternative sources of iron ore metals available
- Technological advancements that improve mining and processing methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron Ore Metals Market Research Report
By Type
Hematite, Magnetite, Others
By Application
Steel, Chemical Industry, Others
By Companies
Vale SA, Metso, Arya Group, CAP Group, Companhia Siderurgica Nacional, Australasian Resources, Rio Tinto, BHP Billiton, Fortescue Metals Group, Atlas Iron, Gerdau, Baotou Iron & Steel, Arrium (SIMEC), BC Iron, National Iranian Steel, Cleveland-Cliffs, LKAB, Kemira
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Iron Ore Metals Market Report Segments:
The global Iron Ore Metals market is segmented on the basis of:
Types
Hematite, Magnetite, Others
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
Steel, Chemical Industry, 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:
- Vale SA
- Metso
- Arya Group
- CAP Group
- Companhia Siderurgica Nacional
- Australasian Resources
- Rio Tinto
- BHP Billiton
- Fortescue Metals Group
- Atlas Iron
- Gerdau
- Baotou Iron & Steel
- Arrium (SIMEC)
- BC Iron
- National Iranian Steel
- Cleveland-Cliffs
- LKAB
- Kemira
Highlights of The Iron Ore Metals 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:
- Hematite
- Magnetite
- Others
- By Application:
- Steel
- Chemical Industry
- 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 Iron Ore Metals 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
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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?
Iron ore is a type of metal that is found in the Earth's crust. It consists of two parts: iron and oxygen. Iron ore is mined from the ground, and it must be smelted to create usable iron.
Some of the major companies in the iron ore metals market are Vale SA, Metso, Arya Group, CAP Group, Companhia Siderurgica Nacional, Australasian Resources, Rio Tinto, BHP Billiton, Fortescue Metals Group, Atlas Iron, Gerdau, Baotou Iron & Steel, Arrium (SIMEC), BC Iron, National Iranian Steel, Cleveland-Cliffs, LKAB, Kemira.
The iron ore metals market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iron Ore Metals 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 Iron Ore Metals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iron Ore Metals 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 Iron Ore Metals 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 Iron Ore Metals Market Size & Forecast, 2018-2028
4.5.1 Iron Ore Metals Market Size and Y-o-Y Growth
4.5.2 Iron Ore Metals Market Absolute $ Opportunity
Chapter 5 Global Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Type
5.2.1 Hematite
5.2.2 Magnetite
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Applications
6.2.1 Steel
6.2.2 Chemical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iron Ore Metals 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 Iron Ore Metals 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 Iron Ore Metals Analysis and Forecast
9.1 Introduction
9.2 North America Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Type
9.6.1 Hematite
9.6.2 Magnetite
9.6.3 Others
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 Iron Ore Metals Market Size Forecast by Applications
9.10.1 Steel
9.10.2 Chemical Industry
9.10.3 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 Iron Ore Metals Analysis and Forecast
10.1 Introduction
10.2 Europe Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Type
10.6.1 Hematite
10.6.2 Magnetite
10.6.3 Others
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 Iron Ore Metals Market Size Forecast by Applications
10.10.1 Steel
10.10.2 Chemical Industry
10.10.3 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 Iron Ore Metals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Type
11.6.1 Hematite
11.6.2 Magnetite
11.6.3 Others
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 Iron Ore Metals Market Size Forecast by Applications
11.10.1 Steel
11.10.2 Chemical Industry
11.10.3 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 Iron Ore Metals Analysis and Forecast
12.1 Introduction
12.2 Latin America Iron Ore Metals 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 Iron Ore Metals Market Size Forecast by Type
12.6.1 Hematite
12.6.2 Magnetite
12.6.3 Others
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 Iron Ore Metals Market Size Forecast by Applications
12.10.1 Steel
12.10.2 Chemical Industry
12.10.3 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) Iron Ore Metals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Iron Ore Metals 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) Iron Ore Metals Market Size Forecast by Type
13.6.1 Hematite
13.6.2 Magnetite
13.6.3 Others
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) Iron Ore Metals Market Size Forecast by Applications
13.10.1 Steel
13.10.2 Chemical Industry
13.10.3 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 Iron Ore Metals Market: Competitive Dashboard
14.2 Global Iron Ore Metals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vale SA
14.3.2 Metso
14.3.3 Arya Group
14.3.4 CAP Group
14.3.5 Companhia Siderurgica Nacional
14.3.6 Australasian Resources
14.3.7 Rio Tinto
14.3.8 BHP Billiton
14.3.9 Fortescue Metals Group
14.3.10 Atlas Iron
14.3.11 Gerdau
14.3.12 Baotou Iron & Steel
14.3.13 Arrium (SIMEC)
14.3.14 BC Iron
14.3.15 National Iranian Steel
14.3.16 Cleveland-Cliffs
14.3.17 LKAB
14.3.18 Kemira
