Global Direct Reduced Iron Market Size Study & Forecast, by Form (Pellets, Others), by Production Process (Gas-based, Coal-based), by Application (Steel Production, Construction, Others), and Regional Analysis, 2023-2030

Description

List of Tables

Global Direct Reduced Iron Market is valued at approximately USD 32.48 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2023-2030. Direct Reduced Iron (DRI) is a form of iron created from iron ore via a reduction process, commonly referred to as sponge iron. DRI is created by compressing the oxygen out of iron ore without melting, in contrast to conventional techniques of producing iron that require a blast furnace. The reduction process takes place at a lower temperature, usually below the iron melting point. The growing production of natural gas, the imposition of various environmental regulations, surging demand for high-quality DRI, coupled with the increased use of DRI in new applications are the most prominent factors that are fostering market growth across the globe.

Additionally, the growing steel production is exhibiting a positive influence on the growth of the directly reduced iron market. DRI is a major input in steel production. As the global demand for steel continues to rise, the demand for DRI also increases. DRI is preferred by steel manufacturers due to its high iron content, low impurities, and cost-effectiveness compared to traditional iron ore. According to Statista, in 2021, crude steel production accounted for 1958.45 million metric tons around the world, which is a rise from 1881.37 million metric tons in 2020. The growth of the construction, automotive, and infrastructure sectors, particularly in emerging economies, fuels the demand for steel, thereby driving the DRI market. Thus, these aforementioned factors are propelling the growth of the direct reduced iron market during the estimated period. Moreover, the advancements in direct reduction technology, as well as the increasing number of government regulations present various lucrative opportunities over the forecasting years. However, the availability of alternative iron sources and the high capital required for establishing a DRI plant are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Direct Reduced Iron Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising product demand from numerous applications such as steel production and construction, as well as the rapid growth of the residential building sector. Whereas, Asia Pacific is expected as a fastest growing region CAGR over the forecast years. The growing steel industry, increased production of passenger and light commercial vehicles, along with the rising demand for high-quality DRI are significantly propelling the market demand across the region.

Major market players included in this report are:

Qatar Steel (Qatar)
Kobe Steel Ltd (Japan)
ArcelorMittal (Luxembourg)
NUCOR Corporation (U.S.)
Midrex Technologies Inc. (U.S.)
Khouzestan Steel Company (Khuzestan)
Welspun Group (India)
Jindal Shadeed Iron & Steel LLC (Oman)
AM/NS India
Tosyali Algeria A.S. (Algeria)

Recent Developments in the Market:

In March 2022, ArcelorMittal announced that the company intended to invest USD 292 million with the objective of building a new manufacturing facility for electrical steels at the Mardyck plant in northern France. In addition to ArcelorMittal's current electrical steel mill, the facility specializes in creating electrical steels for the engines of electric cars. The new industrial facility is likely to boost the French electromobility industry and have a 200-kiloton manufacturing capacity.

Global Direct Reduced Iron Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Form, Production Process, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:

Pellets
Others

By Production Process:

Gas-based
Coal-based

By Application:

Steel Production
Construction
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Direct Reduced Iron Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Direct Reduced Iron Market, by Form, 2020-2030 (USD Billion)
- 1.2.3. Direct Reduced Iron Market, by Production Process, 2020-2030 (USD Billion)
- 1.2.4. Direct Reduced Iron Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Direct Reduced Iron Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Direct Reduced Iron Market Dynamics

3.1. Direct Reduced Iron Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing use of DRI in new applications
  - 3.1.1.2. Growing steel production
- 3.1.2. Market Challenges
  - 3.1.2.1. Availability of alternative iron sources
  - 3.1.2.2. High capital required for establishing a DRI plant
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in direct reduction technology
  - 3.1.3.2. Increasing number of government regulations

Chapter 4. Global Direct Reduced Iron Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Direct Reduced Iron Market, by Form

5.1. Market Snapshot
5.2. Global Direct Reduced Iron Market by Form, Performance - Potential Analysis
5.3. Global Direct Reduced Iron Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
5.4. Direct Reduced Iron Market, Sub Segment Analysis
- 5.4.1. Pellets
- 5.4.2. Others

Chapter 6. Global Direct Reduced Iron Market, by Production Process

6.1. Market Snapshot
6.2. Global Direct Reduced Iron Market by Production Process, Performance - Potential Analysis
6.3. Global Direct Reduced Iron Market Estimates & Forecasts by Production Process 2020-2030 (USD Billion)
6.4. Direct Reduced Iron Market, Sub Segment Analysis
- 6.4.1. Gas-based
- 6.4.2. Coal-based

Chapter 7. Global Direct Reduced Iron Market, by Application

7.1. Market Snapshot
7.2. Global Direct Reduced Iron Market by Application, Performance - Potential Analysis
7.3. Global Direct Reduced Iron Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Direct Reduced Iron Market, Sub Segment Analysis
- 7.4.1. Steel Production
- 7.4.2. Construction
- 7.4.3. Others

Chapter 8. Global Direct Reduced Iron Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Direct Reduced Iron Market, Regional Market Snapshot
8.4. North America Direct Reduced Iron Market
- 8.4.1. U.S. Direct Reduced Iron Market
  - 8.4.1.1. Form breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Production Process breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Direct Reduced Iron Market
8.5. Europe Direct Reduced Iron Market Snapshot
- 8.5.1. U.K. Direct Reduced Iron Market
- 8.5.2. Germany Direct Reduced Iron Market
- 8.5.3. France Direct Reduced Iron Market
- 8.5.4. Spain Direct Reduced Iron Market
- 8.5.5. Italy Direct Reduced Iron Market
- 8.5.6. Rest of Europe Direct Reduced Iron Market
8.6. Asia-Pacific Direct Reduced Iron Market Snapshot
- 8.6.1. China Direct Reduced Iron Market
- 8.6.2. India Direct Reduced Iron Market
- 8.6.3. Japan Direct Reduced Iron Market
- 8.6.4. Australia Direct Reduced Iron Market
- 8.6.5. South Korea Direct Reduced Iron Market
- 8.6.6. Rest of Asia Pacific Direct Reduced Iron Market
8.7. Latin America Direct Reduced Iron Market Snapshot
- 8.7.1. Brazil Direct Reduced Iron Market
- 8.7.2. Mexico Direct Reduced Iron Market
8.8. Middle East & Africa Direct Reduced Iron Market
- 8.8.1. Saudi Arabia Direct Reduced Iron Market
- 8.8.2. South Africa Direct Reduced Iron Market
- 8.8.3. Rest of Middle East & Africa Direct Reduced Iron Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Qatar Steel (Qatar)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Kobe Steel Ltd (Japan)
- 9.3.3. ArcelorMittal (Luxembourg)
- 9.3.4. NUCOR Corporation (U.S.)
- 9.3.5. Midrex Technologies Inc. (U.S.)
- 9.3.6. Khouzestan Steel Company (Khuzestan)
- 9.3.7. Welspun Group (India)
- 9.3.8. Jindal Shadeed Iron & Steel LLC (Oman)
- 9.3.9. AM/NS India (India)
- 9.3.10. Tosyali Algeria A.S. (Algeria)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Direct Reduced Iron Market, report scope
TABLE 2. Global Direct Reduced Iron Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Direct Reduced Iron Market estimates & forecasts by Form 2020-2030 (USD Billion)
TABLE 4. Global Direct Reduced Iron Market estimates & forecasts by Production Process 2020-2030 (USD Billion)
TABLE 5. Global Direct Reduced Iron Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Direct Reduced Iron Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Direct Reduced Iron Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Direct Reduced Iron Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Direct Reduced Iron Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Direct Reduced Iron Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Direct Reduced Iron Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Direct Reduced Iron Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Direct Reduced Iron Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Direct Reduced Iron Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Direct Reduced Iron Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Direct Reduced Iron Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Direct Reduced Iron Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Direct Reduced Iron Market
TABLE 71. List of primary sources, used in the study of global Direct Reduced Iron Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Direct Reduced Iron Market, research methodology
FIG 2. Global Direct Reduced Iron Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Direct Reduced Iron Market, key trends 2022
FIG 5. Global Direct Reduced Iron Market, growth prospects 2023-2030
FIG 6. Global Direct Reduced Iron Market, porters 5 force model
FIG 7. Global Direct Reduced Iron Market, pest analysis
FIG 8. Global Direct Reduced Iron Market, value chain analysis
FIG 9. Global Direct Reduced Iron Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Direct Reduced Iron Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Direct Reduced Iron Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Direct Reduced Iron Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Direct Reduced Iron Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Direct Reduced Iron Market, regional snapshot 2020 & 2030
FIG 15. North America Direct Reduced Iron Market 2020 & 2030 (USD Billion)
FIG 16. Europe Direct Reduced Iron Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Direct Reduced Iron Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Direct Reduced Iron Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Direct Reduced Iron Market 2020 & 2030 (USD Billion)