Market Overview:
The global magnetite iron ore 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 iron and steel from developing countries, growing demand for medication, and rising awareness about the benefits of using magnetite iron ore over other types of iron ores. Based on type, the global magnetite iron ore market is segmented into primarily hematite, magnetite, and others. The others segment includes siderites and limonite ores. Magnetite accounted for the majority share of the global magnetite iron ore market in 2017 owing to its high magnetic properties that make it suitable for various applications such as in manufacturing magnets and pigments. Hematite is another major type of mineral that is used as an ingredient in making steel alloys owing to its superior toughness and weldability properties when compared with other types of minerals such as quartz or feldspar. Based on application, the global magnetite iron ore market is segmented into Iron & Steel Manufacturing Industry; Pharmaceuticals; Chemicals (including Rubber & Plastics); Others (including Construction Material). The Iron & Steel Manufacturing Industry accounted for a major share of the global MagnetITE IRON ORE MARKET in 2017 due to increasing demand from developing countries such as China, India, Brazil etc., where rapid industrialization has led to an increase in steel production capacities over recent years.
Product Definition:
Magnetite is a mineral and one of the main iron ores. With the chemical formula Fe3O4, it is a black oxide of iron. Magnetite is ferromagnetic; it is attracted to magnets and can be used as an ore of iron.
Primarily Hematite:
Hematite is primarily iron oxide, which is widely used as a source of iron. It has the ability to absorb oxygen and release it slowly when exposed to air. Hematite also provides an easy way for the transport of oxygen in steel making by providing a path for oxidation without affecting the carbon content in ferrous materials.
Magnetite:
Magnetite is a naturally occurring mineral and it's iron content can range from 70% to 90%. It has the highest iron content among all minerals. Magnetite is used as an ore for the production of steel, cement, and other metallurgical products.
Application Insights:
The global magnetite iron ore market is segmented on the basis of application into steel and non-ferrous metals, such as aluminum and copper. The non-ferrous metal applications include jewelry, glass production, building & construction materials, catalysts and others. Steel is one of the largest end-use industries for magnetite iron ore with over 50% share in terms of volume in 2017.
The growing demand for steel from various sectors including automotive industry has resulted in high growth rate for this product over the recent past years. In addition to that, increasing investments by companies operating in the global automotive industry are expected to boost demand further during forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 68% in terms of volume as well as revenue generated by magnetite iron ore globally. This can be attributed to high steel production, coupled with growing consumption across emerging economies such as India and China.
China was estimated to be the largest producer and consumer of magnetite iron ore globally, followed by Australia, which also happens to be one of the major producers worldwide owing to easy availability of raw materials at low cost. In addition, rising demand from domestic manufacturers is anticipated to further boost production levels over the next eight years.
North America held a significant share in terms of both volume.
Growth Factors:
- Increasing demand from steel and automobile industries: The global production of crude steel has been increasing at a CAGR of around 3% during the past five years. This has led to an increase in the demand for iron ore, which is used in the manufacturing of steel. Magnetite iron ore is a preferred choice for steelmakers as it contains high levels of Fe2O3 (around 72%). Moreover, its low impurity levels make it ideal for use in various applications such as construction, automotive, and white goods sectors.
- Rising investment in infrastructure development: The global spending on infrastructure is expected to reach trillion by 2025 according to PwC’s “The Future of Infrastructure” report. This would create opportunities for growth in the magnetite iron ore market as countries look to build new roads, railways, airports, and seaports. China accounts for almost 50% of global spending on infrastructure projects and is expected to invest trillion between 2016-2025 alone according to the Asian Development Bank (ADB).
- Growing urbanization: According to UN estimates, 66% of the world’s population will live in cities by 2050 – up from 54% today. This would lead to an increase in demand for construction materials such as cement and concrete which are made using magnetite iron ore fines/lumps/pellets as raw material input.. Additionally, rising income levels among urban consumers would spur growth in
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetite Iron Ore Market Research Report
By Type
Primarily Hematite, Magnetite, Others
By Application
Iron and Steel, Medication, Others
By Companies
Atlas Iron Limited, Fortescue Metals Group, Iron Ore Company, Labrador Iron Mines, Champion Minerals, Cap-Ex Ventures, BHP Billiton, Rio Tinto, Vale, Cliffs Natural Resources
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Magnetite Iron Ore Market Report Segments:
The global Magnetite Iron Ore market is segmented on the basis of:
Types
Primarily 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
Iron and Steel, Medication, 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:
- Atlas Iron Limited
- Fortescue Metals Group
- Iron Ore Company
- Labrador Iron Mines
- Champion Minerals
- Cap-Ex Ventures
- BHP Billiton
- Rio Tinto
- Vale
- Cliffs Natural Resources
Highlights of The Magnetite Iron Ore 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:
- Primarily Hematite
- Magnetite
- Others
- By Application:
- Iron and Steel
- Medication
- 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 Magnetite Iron Ore 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.
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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?
Magnetite Iron Ore is a mineral that is composed of iron and magnetite. It is found in sedimentary rocks and can be colorless, yellow, brown, or black.
Some of the key players operating in the magnetite iron ore market are Atlas Iron Limited, Fortescue Metals Group, Iron Ore Company, Labrador Iron Mines, Champion Minerals, Cap-Ex Ventures, BHP Billiton, Rio Tinto, Vale, Cliffs Natural Resources.
The magnetite iron ore market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetite Iron Ore Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetite Iron Ore Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetite Iron Ore Market - Supply Chain
4.5. Global Magnetite Iron Ore Market Forecast
4.5.1. Magnetite Iron Ore Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetite Iron Ore Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetite Iron Ore Market Absolute $ Opportunity
5. Global Magnetite Iron Ore Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetite Iron Ore Market Size and Volume Forecast by Type
5.3.1. Primarily Hematite
5.3.2. Magnetite
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetite Iron Ore Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetite Iron Ore Market Size and Volume Forecast by Application
6.3.1. Iron and Steel
6.3.2. Medication
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetite Iron Ore Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetite Iron Ore Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetite Iron Ore Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetite Iron Ore Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetite Iron Ore Demand Share Forecast, 2019-2026
9. North America Magnetite Iron Ore Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetite Iron Ore Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetite Iron Ore Market Size and Volume Forecast by Application
9.4.1. Iron and Steel
9.4.2. Medication
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetite Iron Ore Market Size and Volume Forecast by Type
9.7.1. Primarily Hematite
9.7.2. Magnetite
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetite Iron Ore Demand Share Forecast, 2019-2026
10. Latin America Magnetite Iron Ore Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetite Iron Ore Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetite Iron Ore Market Size and Volume Forecast by Application
10.4.1. Iron and Steel
10.4.2. Medication
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetite Iron Ore Market Size and Volume Forecast by Type
10.7.1. Primarily Hematite
10.7.2. Magnetite
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetite Iron Ore Demand Share Forecast, 2019-2026
11. Europe Magnetite Iron Ore Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetite Iron Ore Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetite Iron Ore Market Size and Volume Forecast by Application
11.4.1. Iron and Steel
11.4.2. Medication
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetite Iron Ore Market Size and Volume Forecast by Type
11.7.1. Primarily Hematite
11.7.2. Magnetite
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetite Iron Ore Demand Share, 2019-2026
12. Asia Pacific Magnetite Iron Ore Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetite Iron Ore Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetite Iron Ore Market Size and Volume Forecast by Application
12.4.1. Iron and Steel
12.4.2. Medication
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetite Iron Ore Market Size and Volume Forecast by Type
12.7.1. Primarily Hematite
12.7.2. Magnetite
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetite Iron Ore Demand Share, 2019-2026
13. Middle East & Africa Magnetite Iron Ore Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetite Iron Ore Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetite Iron Ore Market Size and Volume Forecast by Application
13.4.1. Iron and Steel
13.4.2. Medication
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetite Iron Ore Market Size and Volume Forecast by Type
13.7.1. Primarily Hematite
13.7.2. Magnetite
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetite Iron Ore Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetite Iron Ore Market: Market Share Analysis
14.2. Magnetite Iron Ore Distributors and Customers
14.3. Magnetite Iron Ore Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Iron Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fortescue Metals Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Iron Ore Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Labrador Iron Mines
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Champion Minerals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cap-Ex Ventures
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BHP Billiton
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rio Tinto
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vale
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cliffs Natural Resources
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
