Отчет об анализе размера, доли и тенденций мирового рынка железорудных окатышей – обзор отрасли и прогноз до 2031 года

Анализ рынка железорудных окатышей

Рынок железорудных окатышей переживает значительный рост, обусловленный достижениями в области технологий и инновационных методов. Одной из последних тенденций является использование процессов прямого восстановления железа (DRI), которые используют водород вместо традиционных методов на основе углерода. Этот сдвиг не только сокращает выбросы углерода, но и повышает общую эффективность производства стали. Компании инвестируют в устойчивые технологии, включая усовершенствованные методы гранулирования, которые повышают качество и прочность окатышей, тем самым повышая свою конкурентоспособность на рынке.

Более того, интеграция искусственного интеллекта и машинного обучения в мониторинг и оптимизацию процесса гранулирования революционизирует эффективность производства. Эти технологии способствуют лучшему контролю над производственной средой, что приводит к повышению качества гранул и сокращению отходов.

Растущий спрос на железорудные окатыши на развивающихся рынках, особенно в Азии, где производство стали процветает, еще больше стимулирует рост рынка. Ожидается, что переход к экологически чистым процессам производства стали и растущее внимание к устойчивости значительно поднимут рынок железорудных окатышей.

Размер рынка железорудных окатышей

Объем мирового рынка железорудных окатышей оценивался в 67,74 млрд долларов США в 2023 году и, по прогнозам, достигнет 92,00 млрд долларов США к 2031 году со среднегодовым темпом роста 3,90% в прогнозируемый период с 2024 по 2031 год. Помимо информации о рыночных сценариях, таких как рыночная стоимость, темпы роста, сегментация, географический охват и основные игроки, рыночные отчеты, подготовленные Data Bridge Market Research, также включают анализ импорта и экспорта, обзор производственных мощностей, анализ потребления продукции, анализ ценовых тенденций, сценарий изменения климата, анализ цепочки поставок, анализ цепочки создания стоимости, обзор сырья/расходных материалов, критерии выбора поставщиков, анализ PESTLE, анализ Портера и нормативную базу.

Тенденции рынка железорудных окатышей

«Растущий спрос на производство стали»

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
• В марте 2023 года Blastr Green Steel объявила о планах строительства современного завода по производству железорудных окатышей в Северной Норвегии с предполагаемыми инвестициями в размере 1,10 млрд долларов США. Объект предназначен для поставок окатышей на зеленый сталелитейный завод в Финляндии. Окончательное инвестиционное решение будет принято к 2025 году при условии получения необходимых разрешений, а производство предварительно запланировано на 2028 год.
• В мае 2021 года Fortescue Metals объявила о своей амбициозной цели достичь нулевых эксплуатационных выбросов к 2040 году. Компания планирует внедрять возобновляемые источники энергии, зеленый водород и другие инновационные чистые технологии во всех своих операциях. Это обязательство отражает приверженность Fortescue устойчивому развитию и позиционирует ее как лидера в переходе горнодобывающего сектора к экологически чистым методам и технологиям.
• В марте 2021 года US Steel объявила о стратегических инвестициях в размере 1,2 млрд долларов США в разработку нового устойчивого предприятия по бесконечному литью и прокатке в Соединенных Штатах. Целью этого предприятия является расширение возможностей компании по производству стали при минимизации воздействия на окружающую среду. Инвестиции являются частью более широкой инициативы US Steel по внедрению устойчивых производственных процессов, тем самым способствуя внедрению экологически чистых методов в сталелитейной промышленности.
• В феврале 2021 года Rio Tinto обнародовала планы инвестировать 2,4 млрд долларов США в свой железорудный рудник Гудай-Дарри в Западной Австралии. Эти существенные инвестиции направлены на увеличение производственных мощностей с одновременным внедрением передовых технологий автоматизации и цифровизации для повышения операционной эффективности. Используя эти инновации, Rio Tinto стремится повысить производительность и сократить свое воздействие на окружающую среду, способствуя более устойчивым методам добычи

SKU-56248