Global Iron Ore Market 2023-2027

Description

List of Tables

The iron ore market is forecasted to grow by USD 51 bn during 2022-2027, accelerating at a CAGR of 2.93% during the forecast period. The report on the iron ore market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by upsurge in consumption of high-strength iron ore and steel, industrialization in developing countries, and growing demand from construction industry.

Technavio's iron ore market is segmented as below:

By Product

Fines
Pellets
Lump
HBI/DRI

By Source

Surface mining
Underground mining

By Geographical Landscape

APAC
Europe
South America
North America
Middle East and Africa

This study identifies the economic growth in China and India boosting the demand for stainless steel as one of the prime reasons driving the iron ore market growth during the next few years. Also, increased penetration of steel in industrial applications and surge in consumption of cast iron products in the renewable energy segment will lead to sizable demand in the market.

The report on the iron ore market covers the following areas:

Iron ore market sizing
Iron ore market forecast
Iron ore market analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading iron ore market vendors that include Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA, Atlas Iron Pty Ltd., BCI Minerals Ltd., BHP Group plc, China Hanking Holdings Ltd., Cleveland Cliffs Inc., Eurasian Resources Group Sarl, Ferrexpo Plc, Fortescue Metals Group Ltd., GFG Alliance, KIOCL Ltd., Luossavaara Kiirunavaara AB, Metinvest BV, Mideast Integrated Steel Ltd., Mount Gibson Iron Ltd., NMDC Ltd., Rio Tinto Ltd., and Vale SA. Also, the iron ore market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72681

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Source
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global iron ore market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global iron ore market 2017 - 2021 ($ billion)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
4.3 Source Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Source Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Fines - Market size and forecast 2022-2027
Exhibit 34: Chart on Fines - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Fines - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Fines - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Fines - Year-over-year growth 2022-2027 (%)
6.4 Pellets - Market size and forecast 2022-2027
Exhibit 38: Chart on Pellets - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Pellets - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Pellets - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Pellets - Year-over-year growth 2022-2027 (%)
6.5 Lump - Market size and forecast 2022-2027
Exhibit 42: Chart on Lump - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Lump - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Lump - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Lump - Year-over-year growth 2022-2027 (%)
6.6 HBI/DRI - Market size and forecast 2022-2027
Exhibit 46: Chart on HBI/DRI - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on HBI/DRI - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on HBI/DRI - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on HBI/DRI - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Product
Exhibit 50: Market opportunity by Product ($ billion)
Exhibit 51: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Source

7.1 Market segments
Exhibit 52: Chart on Source - Market share 2022-2027 (%)
Exhibit 53: Data Table on Source - Market share 2022-2027 (%)
7.2 Comparison by Source
Exhibit 54: Chart on Comparison by Source
Exhibit 55: Data Table on Comparison by Source
7.3 Surface mining - Market size and forecast 2022-2027
Exhibit 56: Chart on Surface mining - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on Surface mining - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on Surface mining - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Surface mining - Year-over-year growth 2022-2027 (%)
7.4 Underground mining - Market size and forecast 2022-2027
Exhibit 60: Chart on Underground mining - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Data Table on Underground mining - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Chart on Underground mining - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Underground mining - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Source
Exhibit 64: Market opportunity by Source ($ billion)
Exhibit 65: Data Table on Market opportunity by Source ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.6 North America - Market size and forecast 2022-2027
Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 Russia - Market size and forecast 2022-2027
Exhibit 103: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on Russia - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Russia - Year-over-year growth 2022-2027 (%)
9.12 Brazil - Market size and forecast 2022-2027
Exhibit 107: Chart on Brazil - Market size and forecast 2022-2027 ($ billion)
Exhibit 108: Data Table on Brazil - Market size and forecast 2022-2027 ($ billion)
Exhibit 109: Chart on Brazil - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Anglo American plc
Exhibit 119: Anglo American plc - Overview
Exhibit 120: Anglo American plc - Business segments
Exhibit 121: Anglo American plc - Key news
Exhibit 122: Anglo American plc - Key offerings
Exhibit 123: Anglo American plc - Segment focus
12.4 Ansteel Group Corp. Ltd.
Exhibit 124: Ansteel Group Corp. Ltd. - Overview
Exhibit 125: Ansteel Group Corp. Ltd. - Product / Service
Exhibit 126: Ansteel Group Corp. Ltd. - Key offerings
12.5 ArcelorMittal SA
Exhibit 127: ArcelorMittal SA - Overview
Exhibit 128: ArcelorMittal SA - Business segments
Exhibit 129: ArcelorMittal SA - Key offerings
Exhibit 130: ArcelorMittal SA - Segment focus
12.6 Atlas Iron Pty Ltd.
Exhibit 131: Atlas Iron Pty Ltd. - Overview
Exhibit 132: Atlas Iron Pty Ltd. - Product / Service
Exhibit 133: Atlas Iron Pty Ltd. - Key offerings
12.7 BHP Group plc
Exhibit 134: BHP Group plc - Overview
Exhibit 135: BHP Group plc - Business segments
Exhibit 136: BHP Group plc - Key offerings
Exhibit 137: BHP Group plc - Segment focus
12.8 Cleveland Cliffs Inc.
Exhibit 138: Cleveland Cliffs Inc. - Overview
Exhibit 139: Cleveland Cliffs Inc. - Product / Service
Exhibit 140: Cleveland Cliffs Inc. - Key offerings
12.9 Ferrexpo Plc
Exhibit 141: Ferrexpo Plc - Overview
Exhibit 142: Ferrexpo Plc - Product / Service
Exhibit 143: Ferrexpo Plc - Key offerings
12.10 Fortescue Metals Group Ltd.
Exhibit 144: Fortescue Metals Group Ltd. - Overview
Exhibit 145: Fortescue Metals Group Ltd. - Product / Service
Exhibit 146: Fortescue Metals Group Ltd. - Key offerings
12.11 GFG Alliance
Exhibit 147: GFG Alliance - Overview
Exhibit 148: GFG Alliance - Product / Service
Exhibit 149: GFG Alliance - Key offerings
12.12 KIOCL Ltd.
Exhibit 150: KIOCL Ltd. - Overview
Exhibit 151: KIOCL Ltd. - Product / Service
Exhibit 152: KIOCL Ltd. - Key offerings
12.13 Luossavaara Kiirunavaara AB
Exhibit 153: Luossavaara Kiirunavaara AB - Overview
Exhibit 154: Luossavaara Kiirunavaara AB - Product / Service
Exhibit 155: Luossavaara Kiirunavaara AB - Key offerings
12.14 Metinvest BV
Exhibit 156: Metinvest BV - Overview
Exhibit 157: Metinvest BV - Business segments
Exhibit 158: Metinvest BV - Key offerings
Exhibit 159: Metinvest BV - Segment focus
12.15 NMDC Ltd.
Exhibit 160: NMDC Ltd. - Overview
Exhibit 161: NMDC Ltd. - Product / Service
Exhibit 162: NMDC Ltd. - Key offerings
12.16 Rio Tinto Ltd.
Exhibit 163: Rio Tinto Ltd. - Overview
Exhibit 164: Rio Tinto Ltd. - Business segments
Exhibit 165: Rio Tinto Ltd. - Key news
Exhibit 166: Rio Tinto Ltd. - Key offerings
Exhibit 167: Rio Tinto Ltd. - Segment focus
12.17 Vale SA
Exhibit 168: Vale SA - Overview
Exhibit 169: Vale SA - Product / Service
Exhibit 170: Vale SA - Key news
Exhibit 171: Vale SA - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations