South & Central America 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 South & Central America Direct Reduced Iron (DRI) Market is expected to grow from US$ 653.41 million in 2023 to US$ 1,046.77 million by 2030. It is estimated to grow at a CAGR of 7.0% from 2023 to 2030.

Shortage of high-quality raw Material South & Central America Direct Reduced Iron (DRI) Market

Coal and natural gas are the principal raw material to produce direct reduced iron in coal based and gas-based process. The abundance availability of coal and natural gas in various regions of the world is the major factor in increasing production of direct reduced iron. South & Central America mostly utilize natural gas for the DRI production, whereas coal is highly acceptable in Asian countries for manufacturing DRI due to abundance availability of coal. Natural gas has gained significant traction as a source of energy in recent times owing to its relatively clean combustion and fuel efficiency. The major manufacturers of direct reduced iron (DRI) across Americas are expanding their production capacities due to the feasibility of accessing coal and natural gas. Thus, the consistent investment made for setting up of new DRI plants from past few years is boosting the market growth.

South & Central America Direct Reduced Iron (DRI) Market Overview

The South & Central America direct reduced iron market is segmented into Brazil, Argentina, and Rest of South & Central America. The growing steel industry is the major consumer of direct reduced iron in the region. Brazil is the leading steel producer in Latin America, accounting for more than 50% percent of the region's output. The steel is further utilized in the construction industry for the completion of new infrastructure projects in the region. The construction industry is the rapidly growing industry in South and Central America. According to the report by the Confederation of International Contractors' Associations (February 2021), the government of Brazil classified construction as an essential activity, which prompted major players operating in the construction sector across the country to continue operations by reducing rate of work and laying off excess labours.

South & Central America Direct Reduced Iron (DRI) Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Direct Reduced Iron (DRI) Market Segmentation

The South & Central America Direct Reduced Iron (DRI) Market is segmented into form, production process, application, and country.

Based on from, the South & Central America Direct Reduced Iron (DRI) Market is segmented into lumps, pellets, and fine. The pellets segment held a largest share of the South & Central America Direct Reduced Iron (DRI) Market in 2023.

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

Based on application, the South & Central America Direct Reduced Iron (DRI) Market is segmented into steel making and construction. The steel making segment held the largest share of the South & Central America Direct Reduced Iron (DRI) Market in 2023.

Based on country, the South & Central America Direct Reduced Iron (DRI) Market is segmented into the Brazil, Argentina, and the Rest of South & Central America. The Argentina dominated the share of the South & Central America Direct Reduced Iron (DRI) Market in 2023.

Cleveland-Cliffs Inc; Kobe Steel Ltd; SMS Group GmbH; Voestalpine AG; Ternium SA JSW Steel Ltd; Tenova SpA; Liberty Steel Group Holdings UK Ltd; and Bharat Engineering Works Pvt Ltd are the leading companies operating in the South & Central America Direct Reduced Iron (DRI) Market.

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Product Code: BMIRE00028795

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Direct Reduced Iron (DRI) Market, by Form
- 1.3.2 Direct Reduced Iron (DRI) Market, by Production Process
- 1.3.3 Direct Reduced Iron (DRI) Market, by Application
- 1.3.4 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. 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. 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) -South & Central America Market Analysis

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

7. South & Central America Direct Reduced Iron (DRI) Market Analysis - By Form

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

8. South & Central America Direct Reduced Iron (DRI) Market Analysis - By Production Process

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

9. South & Central America Direct Reduced Iron (DRI) Market Analysis - By Application

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

10. South & Central America Direct Reduced Iron Market -Country Analysis

10.1 Overview
- 10.1.1 South & Central America: Direct Reduced Iron Market -Volume and Forecast to 2030 (Kilo Tons)
- 10.1.2 South & Central America: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
- 10.1.3 South & Central America: Direct Reduced Iron Market, by Key Country
  - 10.1.3.1 Brazil: Direct Reduced Iron Market -Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.2 Brazil: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.2.1 Brazil: Direct Reduced Iron Market, by Form
    - 10.1.3.2.2 Brazil: Direct Reduced Iron Market, by Form
    - 10.1.3.2.3 Brazil: Direct Reduced Iron Market, by Production Process
    - 10.1.3.2.4 Brazil: Direct Reduced Iron Market, by Application
  - 10.1.3.3 Argentina: Direct Reduced Iron Market -Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.4 Argentina: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.4.1 Argentina: Direct Reduced Iron Market, by Form
    - 10.1.3.4.2 Argentina: Direct Reduced Iron Market, by Form
    - 10.1.3.4.3 Argentina: Direct Reduced Iron Market, by Production Process
    - 10.1.3.4.4 Argentina: Direct Reduced Iron Market, by Application
  - 10.1.3.5 Rest of South & Central America: Direct Reduced Iron Market -Volume and Forecast to 2030 (Kilo Tons)
  - 10.1.3.6 Rest of South & Central America: Direct Reduced Iron Market -Revenue and Forecast to 2030 (US$ Million)
    - 10.1.3.6.1 Rest of South & Central America: Direct Reduced Iron Market, by Form
    - 10.1.3.6.2 Rest of South & Central America: Direct Reduced Iron Market, by Form
    - 10.1.3.6.3 Rest of South & Central America: Direct Reduced Iron Market, by Production Process
    - 10.1.3.6.4 Rest of South & Central America: Direct Reduced Iron Market, by Application

11. Industry Landscape

11.1 Overview
11.2 Merger and Acquisition

12. Company Profiles

12.1.1Kobe 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
12.4 Ternium SA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 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