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Asia Pacific Iron Ore Pellets Market Size to Expand at Over 3% CAGR through 2026

Author : Ronak Bora | Published Date : 2020-10-28 

The market analysis on Asia Pacific Iron Ore Pellets Market offers a holistic view on the overall industry with all required details regarding its overall foothold in the global ecosystem along with its applications in vivid end-user sectors.

According to the given report, Asia Pacific iron ore pellets market reached a valuation of USD 38.5 billion in 2019 and is likely to increase at a rate of 3%. It includes important information on the current market situation, evolving technologies, robust competitive landscape, industry strategies, future growth opportunities, and market segmentations.

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Moreover, the report also delivers a summary of vivid factors that are expected to drive the overall industry along with including information of the ongoing trends touted to propel the market in the upcoming years. As per the report, the Asia Pacific iron ore pellets market has been fragmented into various segments spanning grade, balling technology, steel making technology, product source, palletizing process, regional, and competitive landscape.

The direct reduction grade is expected to witness over 4.5% CAGR in market size owing to superior quality iron output. The grade is ideal for use as feedstock for electric furnaces. The method can produce 97% pure iron. The balling drum is expected to host a sizeable share as it can process larger quantities with relatively high-quality at a fast pace and with greater consistency. Despite increasing popularity, the surging phenomenon is expected to limit segment growth over forecast timeframe.

The overall APAC iron ore pellets market has been diversified into different regions and geographies and its foolproof analysis has been drafted in the given research report. More so, it also consists of elaborative details on the factors promoting the growth of these regional market over the mentioned time frame, along with addressing the growth opportunities for myriad market players, technologies being massively used across these regions, stringent and favorable governmental reforms, and others.

Asia Pacific is one of the largest producers and consumers of steel & iron products across the globe. As of 2019, Asia as a whole accounted for almost 68% of the global steel consumption with China alone accounting for the majority of 48%. One of the driving forces for Asia Pacific iron ore pellets market size is a high concentration of product manufacturers in the region. Large-scale economies including China and India have experienced significant growth in crude steel production from 920.0 million tonnes in 2018 to 996.3 million tonnes in 2019 for China and 109.3 million tonnes in 2018 to 111.2 million tonnes in 2019 for India. Apart from India, China, Japan, & South Korea, smaller ASEAN economies are also experiencing high growth owing to several government initiatives and rising urbanization.

The iron ore pellets market in Asia Pacific boasts of the presence of top-notch companies that are operating this terrain and their individual market shares, company profiles, individual positions, accomplishments, and stance in the global ecosystem have been briefly cited in the study.

Industry players are engaged in research, mergers, and ventures to expand their product portfolio to gain a sizeable share. In December 2019, Vale, a Brazilian company, partnered with Ningbo Zhoushan, a Chinese company, to launch an iron ore product, GF88. Major manufacturers in Asia Pacific Iron Ore Pellets Market include TATA Steel, Vale, Mitsubishi Corporation, Kobe Steel, AM/NS, Sumimoto Metal Mining Co., Ltd., and several others.

[TOC Chapters]

 

Chapter 4.  Asia Pacific Iron Ore Pellets Market Share, By Grade

4.1. Asia Pacific iron ore pellets Market share by grade, 2019 & 2026

4.2. Blast Furnace (BF)

4.2.1.  Market size, 2016 – 2026

4.2.2.  Market size, by country, 2016 – 2026

4.3. Direct Reduction (DR)

4.3.1.  Market size, 2016 – 2026

4.3.2.  Market size, by country, 2016 – 2026

Chapter 5.  Asia Pacific Iron Ore Pellets Market Size, By Technology

5.1. Asia Pacific iron ore pellets Market share by technology, 2019 & 2026

5.2. Balling disc

5.2.1.  Market size, 2016 – 2026

5.2.2.  Market size, by country, 2016 – 2026

5.3. Balling drum

5.3.1.  Market size, 2016 – 2026

5.3.2.  Market size, by country, 2016 – 2026

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1418/asia-pacific-iron-ore-pellets-market

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North America Ultra-Thin Glass Market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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