PUBLISHER: Grand View Research | PRODUCT CODE: 1814148
PUBLISHER: Grand View Research | PRODUCT CODE: 1814148
Middle East Direct Reduced Iron Market Size, Share & Trends Analysis Report By End-use (Steelmaking, Others), By Form (Cold Direct Reduced Iron, Hot Direct Reduced Iron, Hot Briquetted Iron), By Country, And Segment Forecasts, 2025 - 2033
Middle East Direct Reduced Iron Market Summary
The Middle East direct reduced iron market size was estimated at USD 7.27 billion in 2024 and is projected to reach USD 11.02 billion by 2033, growing at a CAGR of 5.3% from 2025 to 2033. DRI plays a vital role in steelmaking in the Middle East and is primarily produced using natural gas.
The region's accelerating infrastructure projects, urban expansion, and industrial growth, driven by initiatives such as Saudi Vision 2030 and the UAE's development plans, are fueling steel demand and, in turn, boosting DRI usage. Rising focus on climate change and stricter environmental policies push steelmakers to adopt cleaner alternatives to traditional blast furnace processes. Gas-based Direct Reduced Iron (DRI), which emits significantly less carbon dioxide, has become the preferred option in the region, especially as governments promote low-carbon technologies in line with global decarbonization commitments. The area is already the world's largest DRI-producing hub, supported by abundant natural gas reserves and ongoing investments in hydrogen-ready plants, positioning it at the forefront of the green steel transition.
Technological advancements in gas-based reduction processes have improved efficiency, scalability, and product quality, strengthening the region's competitiveness in global steel supply chains. Introducing modular and hydrogen-compatible DRI plants also encourages wider adoption, enabling large producers and smaller players to expand capacity. These developments, combined with growing demand from domestic infrastructure megaprojects and strong export opportunities, are driving rapid growth of the DRI market across the region.
Middle East Direct Reduced Iron Market Report Segmentation
This report forecasts revenue and volume growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East direct reduced iron market based on end-use, form, and country:
- End-use Outlook (Revenue, USD Million; Volume, Kilotons, 2021 - 2033)
- Steelmaking
- Others
- Form Outlook (Revenue, USD Million; Volume, Kilotons, 2021 - 2033)
- Cold Direct Reduced Iron (CDRI)
- Hot Direct Reduced Iron (CDRI)
- Hot Briquetted Iron (HBI)
- Country Outlook (Revenue, USD Million; Volume, Kilotons, 2021 - 2033)
- Middle East
- Saudi Arabia
- UAE
- Qatar
- Oman
- Iran
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Direct Reduced Iron Market
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Middle East Direct Reduced Iron Market: End Use Estimates & Trend Analysis
- 4.1. Middle East Direct Reduced Iron Market: End Use Movement Analysis, 2024 & 2033
- 4.2. Steelmaking
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Others
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Middle East Direct Reduced Iron Market: Form Estimates & Trend Analysis
- 5.1. Middle East Direct Reduced Iron Market: Form Movement Analysis, 2024 & 2033
- 5.2. Cold Direct Reduced Iron (CDRI)
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Hot Direct Reduced Iron (CDRI)
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Hot Briquetted Iron (HBI)
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Direct Reduced Iron Market: Country Estimates & Trend Analysis
- 6.1. Country Analysis, 2024 & 2033
- 6.2. Middle East
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4. Saudi Arabia
- 6.2.4.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5. UAE
- 6.2.5.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6. Qatar
- 6.2.6.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.7. Oman
- 6.2.7.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.7.2. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.8. Iran
- 6.2.8.1. Market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.8.2. Market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. Emirates Steel Arkan
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Ezz Steel
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Gol-e-Gohar Iron & Steel
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Hadeed - SABIC
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Hormozgan Steel Company
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Khouzestan Steel Company
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Libyan Iron & Steel Company (LISCO)
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Mobarakeh Steel Company
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Qatar Steel
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. SULB Company
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.1. Emirates Steel Arkan
List of Tables
- Table 1 Middle East direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 2 Middle East direct reduced iron market estimates and forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 3 Middle East direct reduced iron market estimates and forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- Table 4 Saudi Arabia direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 5 Saudi Arabia direct reduced iron market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 6 Saudi Arabia direct reduced iron market estimates & forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- Table 7 UAE direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 8 UAE direct reduced iron market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 9 UAE direct reduced iron market estimates & forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- Table 10 Qatar direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 11 Qatar direct reduced iron market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 12 Qatar direct reduced iron market estimates & forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- Table 13 Oman direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 14 Oman direct reduced iron market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 15 Oman direct reduced iron market estimates & forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
- Table 16 Iran direct reduced iron market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 17 Iran direct reduced iron market estimates & forecasts, by end use, 2021 - 2033 (USD Million) (Kilotons)
- Table 18 Iran direct reduced iron market estimates & forecasts, by form, 2021 - 2033 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market Snapshot
- Fig. 6 Segmental Outlook
- Fig. 7 Competitive Outlook
- Fig. 8 Middle East Direct Reduced Iron Market Outlook, 2021 - 2033 (USD Million) (Kilotons)
- Fig. 9 Value Chain Analysis
- Fig. 10 Market Dynamics
- Fig. 11 Porter's Analysis
- Fig. 12 PESTEL Analysis
- Fig. 13 Middle East Direct Reduced Iron Market, By End Use: Key Takeaways
- Fig. 14 Middle East Direct Reduced Iron Market, By End Use: Market Share, 2024 & 2033
- Fig. 15 Middle East Direct Reduced Iron Market, By Form: Key Takeaways
- Fig. 16 Middle East Direct Reduced Iron Market, By Form: Market Share, 2024 & 2033
