Asia Pacific Direct Reduced Iron (DRI) Market Forecast to 2030- COVID-19 Impact and Regional Analysis- by Form (Lumps, Pellets, and Fine), Production Process (Coal Based, and Gas Based), Application (Steel Making, and Construction)

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The Asia Pacific Direct Reduced Iron (DRI) Market is expected to grow from US$ 16,011.13 million in 2023 to US$ 27,765.91 million by 2030. It is estimated to grow at a CAGR of 8.2% from 2023 to 2030.

Rise in Steel Production and Use Industry Fuel Asia Pacific Direct Reduced Iron (DRI) Market

Awareness regarding carbon emissions and taking a step ahead in achieving sustainable goals is the primary concern for manufacturing industries. Carbon emissions from manufacturing industries prominently contribute to the greenhouse gas generated throughout the world. According to the World Steel Association, the steel industry generated 3 billion tons of CO2 in 2021. CO2 emissions from the steel industry alone contribute to ~7-9% of overall greenhouse gas emissions, leading to a huge impact on the climate. Various government bodies are taking initiatives to reduce carbon emission levels to achieve a sustainable future. The hydrogen-based technology for ironmaking is one such process for nullifying carbon emissions by replacing coke and fossil fuel in traditional blast furnace-based steelmaking.

Asia Pacific Direct Reduced Iron (DRI) Market Overview

Asia Pacific comprises economies such as China, India, Japan, Malaysia, South Korea, and the Rest of Asia Pacific. Many of the Asia Pacific countries, such as China and India, are among the world's fastest growing economy. With a growing industrialization, steel and construction industry are in high demand in Asia Pacific. Asia contributes to large percentage of the world's production of steel. China, India, Japan, and South Korea made the top 10 list of steel producers globally. The construction industry is expanding in the Asia Pacific region due to its increasing urbanization.

Asia Pacific Direct Reduced Iron (DRI) Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Direct Reduced Iron (DRI) Market Segmentation

The Asia Pacific Direct Reduced Iron (DRI) Market is segmented into form, production process, application, and Country.

Based on from, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into lumps, pellets, and fine. The pellets segment held a larger share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on production process, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into coal based, and gas based. The coal-based segment held the largest share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on application, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into steel making, and construction. The construction held the largest share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on country, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into the China, India, Japan, Malaysia, South Korea, and the Rest of Asia Pacific. The India dominated the share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Some of the key companies operating in the Asia Pacific Direct Reduxed Iron (DRI) are Kobe Steel Ltd; SMS Group GmbH; Voestalpine AG; JSW Steel Ltd; Tenova SpA; Liberty Steel Group Holdings UK Ltd; and Bharat Engineering Works Pvt Ltd.

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Product Code: BMIRE00028780

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Direct Reduced Iron (DRI) Market, by Form
- 1.3.2 Asia Pacific Direct Reduced Iron (DRI) Market, by Production Process
- 1.3.3 Asia Pacific Direct Reduced Iron (DRI) Market, by Application
- 1.3.4 Asia Pacific Direct Reduced Iron (DRI) Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Direct Reduced Iron (DRI) Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors/Suppliers
- 4.3.5 End-Use Industries
4.4 Expert Opinion

5. Asia Pacific Direct Reduced Iron (DRI) Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Steel Production and Use
- 5.1.2 Expansion of Direct Reduced Iron Plants
5.2 Market Restraints
- 5.2.1 Shortage of High-Quality Raw Materials
5.3 Market Opportunities
- 5.3.1 Rising Preference for Green Steel Production
5.4 Future Trends
- 5.4.1 Initiatives by Various Government Bodies to Lower Carbon Footprint
5.5 Impact Analysis

6. Direct Reduced Iron (DRI) -Asia Pacific Market Analysis

6.1 Asia Pacific Direct Reduced Iron (DRI) Market Overview
6.2 Asia Pacific Direct Reduced Iron (DRI) Market -Volume and Forecast to 2030 (Kilo Tons)
6.3 Asia Pacific Direct Reduced Iron (DRI) Market -Revenue and Forecast to 2030 (US$ Million)

7. Asia Pacific Direct Reduced Iron (DRI) Market Analysis - By Form

7.1 Overview
7.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Form (2022 and 2030)
7.3 Lumps
- 7.3.1 Overview
- 7.3.2 Lumps: Asia Pacific Direct Reduced Iron (DRI) Market - Volume and Forecast to 2030 (Kilo Tons)
- 7.3.3 Lumps: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Pellets
- 7.4.1 Overview
- 7.4.2 Pellets: Asia Pacific Direct Reduced Iron (DRI) Market - Volume and Forecast to 2030 (Kilo Tons)
- 7.4.3 Pellets: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Fine
- 7.5.1 Overview
- 7.5.2 Fine: Asia Pacific Direct Reduced Iron (DRI) Market - Volume and Forecast to 2030 (Kilo Tons)
- 7.5.3 Fine: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)

8. Asia Pacific Direct Reduced Iron (DRI) Market Analysis - By Production Process

8.1 Overview
8.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Production Process (2022 and 2030)
8.3 Coal Based
- 8.3.1 Overview
- 8.3.2 Coal Based: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Gas Based
- 8.4.1 Overview
- 8.4.2 Gas Based: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)

9. Asia Pacific Direct Reduced Iron (DRI) Market Analysis - By Application

9.1 Overview
9.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Application (2022 and 2030)
9.3 Steel Making
- 9.3.1 Overview
- 9.3.2 Steel Making: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Construction
- 9.4.1 Overview
- 9.4.2 Construction: Asia Pacific Direct Reduced Iron (DRI) Market - Revenue and Forecast to 2030 (US$ Million)

10. Asia Pacific Direct Reduced Iron Market -Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific: Direct Reduced Iron Market -Volume and Forecast to 2030 (Kilo Tons)
- 10.1.2 Asia Pacific: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
- 10.1.3 Asia Pacific: Direct Reduced Iron Market, by Key Country
  - 10.1.3.1 Malaysia: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.2 Malaysia: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.2.1 Malaysia: Direct Reduced Iron Market, by Form
    - 10.1.3.2.2 Malaysia: Direct Reduced Iron Market, by Form
    - 10.1.3.2.3 Malaysia: Direct Reduced Iron Market, by Production Process
    - 10.1.3.2.4 Malaysia: Direct Reduced Iron Market, by Application
  - 10.1.3.3 China: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.4 China: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.4.1 China: Direct Reduced Iron Market, by Form
    - 10.1.3.4.2 China: Direct Reduced Iron Market, by Form
    - 10.1.3.4.3 China: Direct Reduced Iron Market, by Production Process
    - 10.1.3.4.4 China: Direct Reduced Iron Market, by Application
  - 10.1.3.5 India: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.6 India: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.6.1 India: Direct Reduced Iron Market, by Form
    - 10.1.3.6.2 India: Direct Reduced Iron Market, by Form
    - 10.1.3.6.3 India: Direct Reduced Iron Market, by Production Process
    - 10.1.3.6.4 India: Direct Reduced Iron Market, by Application
  - 10.1.3.7 Japan: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.8 Japan: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.8.1 Japan: Direct Reduced Iron Market, by Form
    - 10.1.3.8.2 Japan: Direct Reduced Iron Market, by Form
    - 10.1.3.8.3 Japan: Direct Reduced Iron Market, by Production Process
    - 10.1.3.8.4 Japan: Direct Reduced Iron Market, by Application
  - 10.1.3.9 South Korea: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.10 South Korea: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.10.1 South Korea: Direct Reduced Iron Market, by Form
    - 10.1.3.10.2 South Korea: Direct Reduced Iron Market, by Form
    - 10.1.3.10.3 South Korea: Direct Reduced Iron Market, by Production Process
    - 10.1.3.10.4 South Korea: Direct Reduced Iron Market, by Application
  - 10.1.3.11 Rest of Asia Pacific: Direct Reduced Iron Market - Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.12 Rest of Asia Pacific: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.12.1 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
    - 10.1.3.12.2 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
    - 10.1.3.12.3 Rest of Asia Pacific: Direct Reduced Iron Market, by Production Process
    - 10.1.3.12.4 Rest of Asia Pacific: Direct Reduced Iron Market, by Application

11. Industry Landscape

11.1 Overview
11.2 Merger and Acquisition

12. Company Profiles

12.1 Kobe Steel Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 SMS Group GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Voestalpine AG
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.5 JSW Steel Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Tenova SpA
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Liberty Steel Group Holdings UK Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Bharat Engineering Works Pvt Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms