글로벌 철광석 펠릿 시장 규모, 점유율 및 추세 분석 보고서 – 산업 개요 및 2031년까지의 예측

철광석 펠릿 시장 분석

철광석 펠릿 시장은 기술 발전과 혁신적인 방법에 힘입어 상당한 성장을 경험하고 있습니다. 최신 트렌드 중 하나는 기존의 탄소 기반 방법 대신 수소를 활용하는 직접 환원 철(DRI) 공정을 사용하는 것입니다. 이러한 변화는 탄소 배출을 줄일 뿐만 아니라 강철 생산의 전반적인 효율성을 향상시킵니다. 기업들은 펠릿의 품질과 강도를 개선하는 향상된 펠릿화 기술을 포함한 지속 가능한 기술에 투자하여 시장 경쟁력을 높이고 있습니다.

또한, 펠릿화 공정을 모니터링하고 최적화하는 데 인공 지능과 머신 러닝을 통합함으로써 생산 효율성이 혁신되고 있습니다. 이러한 기술은 제조 환경을 보다 잘 제어할 수 있게 하여 더 높은 품질의 펠릿과 감소된 폐기물을 만들어냅니다.

신흥 시장, 특히 철강 생산이 급증하고 있는 아시아에서 철광석 펠릿에 대한 수요가 증가함에 따라 시장 성장이 더욱 촉진되었습니다. 환경 친화적인 철강 생산 공정으로의 전환과 지속 가능성에 대한 집중이 커지면서 철광석 펠릿 시장이 크게 성장할 것으로 예상됩니다.

철광석 펠릿 시장 규모

글로벌 철광석 펠릿 시장 규모는 2023년에 677억 4천만 달러로 평가되었으며, 2031년까지 920억 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 3.90%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 수입 수출 분석, 생산 능력 개요, 생산 소비 분석, 가격 추세 분석, 기후 변화 시나리오, 공급망 분석, 가치 사슬 분석, 원자재/소모품 개요, 공급업체 선택 기준, PESTLE 분석, Porter 분석 및 규제 프레임워크가 포함됩니다.

철광석 펠릿 시장 동향

“강철 생산 수요 증가”

A significant trend driving the growth of the iron ore pellets market is the increasing demand for steel production, particularly in emerging economies such as India and China. As infrastructure projects and urbanization accelerate, these countries are expanding their steel manufacturing capabilities. For instance, India’s National Steel Policy aims to enhance production to 300 million tons by 2030, leading to a higher demand for high-quality iron ore pellets. This shift is driven by the need for cleaner and more efficient steel-making processes, where iron ore pellets are favored over lump ore due to their lower impurities and enhanced metallurgical performance, thereby boosting market demand.

Report Scope and Iron Ore Pellets Market Segmentation      

Iron Ore Pellets Market Definition

Iron ore pellets are spherical balls of iron ore used in the steelmaking process. They are produced by agglomerating finely crushed iron ore concentrate, which is mixed with binders and additives, and then subjected to high temperatures in a furnace. This process, called pelletizing, enhances the iron content and improves the physical properties of the ore. Pellets typically have a higher iron content (around 65-67%) than traditional iron ores, which makes them more efficient for use in blast furnaces. They also help reduce emissions and improve the efficiency of the steel production process, contributing to a more sustainable industry.

Iron Ore Pellets Market Dynamics

Drivers

• Shift to Direct Reduced Iron (DRI)

The shift towards Direct Reduced Iron (DRI) production is significantly driving the iron ore pellets market. DRI, produced using iron ore pellets, offers a more environmentally friendly alternative to traditional blast furnace methods, reducing carbon emissions. For instance, in March 2023, Blastr Green Steel revealed plans to construct a state-of-the-art iron ore pellet manufacturing plant in Northern Norway, with an anticipated investment of USD 1.10 billion. The facility is designed to supply pellets to a green steel mill in Finland. A final investment decision will be made by 2025, contingent on obtaining necessary permits, with production tentatively set to commence by 2028.

• Logistics and Transportation Improvements

Enhancements in logistics and transportation infrastructure are crucial for the iron ore pellets market. Efficient transport systems, such as improved rail networks and port facilities, streamline the movement of pellets from production sites to steel mills, significantly reducing lead times and costs. For instance, in August 2023. Foulath arm Bahrain Steel announced a collaboration with Essar Group for the KSA Green Steel Project, focusing on the supply of iron ore pellets to the Green Steel Arabia (GSA) initiative. This partnership aims to enhance the sustainability of steel production in Saudi Arabia by ensuring a steady supply of high-quality raw materials necessary for green steel manufacturing.

Opportunities

• Increasing Investments in Renewable Energy

The transition to renewable energy sources is significantly impacting the iron ore pellets market, creating substantial opportunities for growth. Steel producers are increasingly adopting sustainable practices to align with global carbon reduction goals, leading to a rising demand for lower-carbon steel, which requires high-quality iron ore pellets. For instance, In August 2023, Green Steel forged a partnership with industry giants Rio Tinto and Vale to procure direct reduction iron ore pellets. This collaboration is pivotal for supporting their green steel production operations in Sweden. By securing a reliable supply of high-grade iron ore pellets, Green Steel aims to significantly lower carbon emissions and promote environmentally responsible steel manufacturing, aligning with global sustainability goals.

• Advancement in Technology

Technological advancements in pelletizing are creating significant opportunities in the iron ore pellets market. Innovations such as the development of fluidized bed pelletizing and improved binders enhance pellet quality and production efficiency. For instance, companies such as Vale have adopted advanced pelletizing technologies, resulting in pellets with higher iron content and lower impurities. These enhancements reduce production costs and energy consumption, making pellets more competitive compared to other feedstocks. Furthermore, automation and AI-driven processes in pellet production optimize operations and minimize waste, attracting investments and encouraging new entrants. This technological evolution positions iron ore pellets as a crucial component in sustainable steel production.

 Restraints/Challenges

• Fluctuating Raw Material Prices

Fluctuating raw material prices significantly hinder the iron ore pellets market. The volatility of iron ore and related raw material costs can impact production expenses and overall profitability for manufacturers. As prices rise unpredictably, manufacturers face challenges in maintaining competitive pricing for their products, which can lead to reduced demand from customers seeking more stable and predictable costs. In addition, these fluctuations create uncertainty in budgeting and financial planning, making it difficult for companies to make informed investment decisions. Consequently, the inconsistent pricing environment undermines market confidence and growth, ultimately affecting the long-term sustainability of the iron ore pellets market.

• Competition from Scrap Steel

The iron ore pellets market is increasingly challenged by the rising use of scrap steel in steel production. As steel manufacturers focus on reducing costs and enhancing sustainability, the shift toward recycled materials is gaining traction. Scrap steel is often less expensive and requires lower energy inputs during production compared to iron ore pellets. This trend poses a significant threat to the demand for iron ore pellets, as manufacturers may prioritize scrap steel to maintain competitive pricing and reduce carbon footprints. Consequently, the growth potential of the iron ore pellets market may be hindered, leading to declining market shares and profitability.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Iron Ore Pellets Market Scope

The market is segmented on the basis of source, grade, technology, pelletizing process, balling technology, application and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Hematite
• Magnetite
• Taconite
• Others

 Grade

• Blast Furnace
• Direct Reduction

 Technology

• Oxygen Based/Blast Furnace
• Electric Arc Furnace
• Electric Induction Furnace

Pelletizing Process

• Grate Kiln
• Straight Travelling Grate

 Balling Technology

• Balling Disc
• Balling Drum

 Application

• Iron-based Chemicals
• Steel Production

 Industry

• Construction
• Automotive
• Railway
• Consumer Goods
• Shipping
• Industrial
• Aerospace
• Others

Iron Ore Pellets Market Regional Analysis

The market is analysed and market size insights and trends are provided by source, grade, technology, pelletizing process, balling technology, application and industry as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the iron ore pellets market in terms of market share and revenue, continuing its stronghold during the forecast period. This growth is driven by the advantages of pellets over other feeds for iron making, including their uniform size and high metallization rate. The region’s focus on efficient production methods further enhances the demand for iron ore pellets in the market.

North America is estimated to show lucrative growth in the iron ore pellets market over the forecast period, driven by high steel demand in energy-intensive industries. The cost-effectiveness of iron pellets further enhances their appeal. In addition, the low environmental impact associated with using iron ore pellets will significantly boost demand in the region, as industries increasingly prioritize sustainability in their operations.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Iron Ore Pellets Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Iron Ore Pellets Market Leaders Operating in the Market Are:

• Vale (Brazil)
• Mitsubishi Corporation RtM Japan Ltd (Japan)
• Cleveland-Cliffs Inc (U.S.)
• United States Steel Corporation. (U.S.)
• ARCELORMITTAL (Luxembourg)
• Metso Outotec (Finland)
• KIOCL Limited (India)
• FERREXPO PLC (Switzerland)
• JINDAL SAW LTD. (India)
• Iron Ore Company of Canada (Canada)
• LKAB Koncernkontor (Sweden)
• METALLOINVEST MC LLC (Russia)
• Bahrain Steel (Bahrain)
• SIMEC (England)

Latest Developments in Iron Ore Pellets Market

• In August 2023, Foulath arm Bahrain Steel announced a collaboration with Essar Group for the KSA Green Steel Project, focusing on the supply of iron ore pellets to the Green Steel Arabia (GSA) initiative. This partnership aims to enhance the sustainability of steel production in Saudi Arabia by ensuring a steady supply of high-quality raw materials necessary for green steel manufacturing
• In August 2023, Green Steel forged a partnership with industry giants Rio Tinto and Vale to procure direct reduction iron ore pellets. This collaboration is pivotal for supporting their green steel production operations in Sweden. By securing a reliable supply of high-grade iron ore pellets, Green Steel aims to significantly lower carbon emissions and promote environmentally responsible steel manufacturing, aligning with global sustainability goals
• In May 2023, JSW Steel announced a significant investment of USD 1,077.8 million to establish an 8.0 million tons per year iron ore pellet production plant in Odisha, India. This project underscores JSW’s commitment to expanding its operations and supporting the demand for high-quality iron ore pellets in domestic and international markets, contributing to the growth of India’s steel industry
• 2023년 3월, Blastr Green Steel은 11억 달러의 예상 투자로 북부 노르웨이에 최첨단 철광석 펠릿 제조 공장을 건설할 계획을 밝혔습니다. 이 시설은 핀란드의 녹색 강철 공장에 펠릿을 공급하도록 설계되었습니다. 최종 투자 결정은 2025년까지 내려질 예정이며, 필요한 허가를 받는 데 따라 2028년까지 생산을 시작할 예정입니다.
• 2021년 5월, Fortescue Metals는 2040년까지 순제로 운영 배출량을 달성하겠다는 야심찬 목표를 선언했습니다. 이 회사는 운영 전반에 재생 에너지원, 녹색 수소 및 기타 혁신적인 청정 기술을 구현할 계획입니다. 이러한 약속은 Fortescue의 지속 가능성에 대한 헌신을 반영하며, 광산 부문의 환경 친화적 관행 및 기술로의 전환에서 선두 주자로 자리 매김합니다.
• 2021년 3월, US Steel은 미국에 새로운 지속 가능한 무한 주조 및 압연 시설을 개발하기 위해 12억 달러의 전략적 투자를 발표했습니다. 이 시설은 환경 영향을 최소화하는 동시에 회사의 제강 역량을 강화하는 것을 목표로 합니다. 이 투자는 지속 가능한 제조 공정을 수용하여 철강 산업 내에서 친환경적 관행을 촉진하려는 US Steel의 광범위한 이니셔티브의 일부입니다.
• 2021년 2월, Rio Tinto는 서부 호주의 Gudai-Darri 철광석 광산에 24억 달러를 투자할 계획을 발표했습니다. 이 상당한 투자는 생산 용량을 늘리는 동시에 고급 자동화 및 디지털화 기술을 통합하여 운영 효율성을 높이는 것을 목표로 합니다. Rio Tinto는 이러한 혁신을 활용하여 생산성을 높이고 환경적 발자국을 줄여 보다 지속 가능한 채굴 관행에 기여하고자 합니다.

SKU-56248