Iron ore is a relatively abundant metallic element (it composes about 5% of the Earth?s crust) and the main raw material used in steelmaking. Around 98% of global mined iron ore is used to make pig iron, which is an intermediate product of the steel-making process. The remaining 2% is used in several applications, such as production of cement, printing inks, plastics, cosmetics (eye shadow), artistic colors, fertilizer ingredients, and pigments. Currently, iron ore is mined in over 50 countries; however, the bulk of production comes from Australia, Brazil and China.
This report aims to provide a comprehensive presentation of the global market for Iron Ore, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Iron Ore. This report contains market size and forecasts of Iron Ore in global, including the following market information:
- Global Iron Ore Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Iron Ore Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Iron Ore companies in 2022 (%)
The global Iron Ore market was valued at US$ 187110 million in 2022 and is projected to reach US$ 157940 million by 2029, at a CAGR of -2.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global iron ore market is highly fragmented with small and large vendors. The key vendors in the market are BHP, Vale, Rio Tinto etc. The top 3 companies hold a share about 40%. Asia Pacific is the largest market, with a share about 70%, followed by South America with the share about 20%.
We surveyed the Iron Ore manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Iron Ore Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, by Type, 2022 (%)
- Sinter feed
- Pellet feed
- Lump
- Pellet
Global Iron Ore Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, by Application, 2022 (%)
- Cold-rolled Sheet
- Hot-Rolled Sheet
- Rod and Wires
- Pipes
- Ingots and Semi-finished Steel
- Others
Global Iron Ore Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Iron Ore revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Iron Ore revenues share in global market, 2022 (%)
- Key companies Iron Ore sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Iron Ore sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- Rio Tinto
- Vale
- BHP
- FMG
- HPPL
- Anglo American
- ArcelorMittal
- Ansteel Mining
- NMDC
- Metinvest
- LKAB
- Metalloinvest
- CSN
- NLMK
- MRL
- CAP
- Severstal
- EVRAZ
- Cleveland-Cliffs
- Ferrexpo
- SSGPO
- HBIS Resources
- Huaxia Jianlong
- Hainan Mining
- Dazhong Mining
- IRC
- Jinling
- Hanking
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Iron Ore, market overview.
- Chapter 2: Global Iron Ore market size in revenue and volume.
- Chapter 3: Detailed analysis of Iron Ore manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Iron Ore in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Iron Ore capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
