#Global Iron Ore Pellets Market Industry Research Report

[industryinsightsandanalysis]

Global Bentonite Market to witness high growth by 2027|UnivDatos Market Insights

A comprehensive overview of the global bentonite market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the bentonite market in the global context. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global bentonite market at the regional & country levels. The Global Bentonite Market was valued around US$ 1.4 billion in 2020 and is anticipated to display a CAGR of ~around 6% over the forecast period (2021-2027).

Market Overview

Upsurging demand of steel from end user industries like automobile, construction, transportation, energy, and packaging would result to rise in demand of iron ore pellets which are used in manufacturing of steel. Further, sodium-activated calcium bentonite is used as a binder in iron ore pellets and is known to increase strength of both wet and dry iron ore green pellets. Owning to increased demand of iron ore from steel industry would result to higher demand of bentonite for iron ore pelletizing thereby helping the market grow at a considerable rate.

For instance, global production of crude steel in 2018 was 1,825,486 thousand tons which grew to 1,875,155 thousand tons in 2019. As per, The World Steel Association forecasts that steel (apparent steel) demand will grow by 5.8% in 2021 to reach 1.874 billion metric tons, after declining by just 0.2% in 2020, as the overall impact of the coronavirus pandemic on the sector turned out to be less than previously foreseen.

COVID-19 Impact

During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for oil and gas. According to U.S. Energy Information Administration, globally a decline of almost 9% in the overall demand of oil and gas was witnessed in 2020 for the first time since the global recession of 2009. Majority of decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19.

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Global bentonite market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily categorized into:

Based on product, the bentonite market is segmented into sodium, calcium, and others. Among these, sodium bentonite is likely to showcase substantial growth during the forecast period. Increasing adoption and ownership of cats in developed nations like U.S. and European countries would increase the demand of sodium bentonite owing to its pet litter applications. For instance, around 42.7 million US households owns Cat as per the 2019-2020 National Pet Owners Survey conducted by the American Pet Products Association.

By Application, the market is primarily studied into:

Cat Litter

Civil Engineering

Drilling Mud

Foundry Mud

Iron Ore Pelletizing

Refining

Others

Based on application, the bentonite market is divided into cat litter, civil engineering, drilling mud, foundry sands, iron ore pelletizing, refining, and others. Among them, iron ore pelletizing and drilling mud hold a considerable market share. Bentonite exhibits good strength along with high hot and dry strength which helps in preventing molds from breaking or cracking during the pouring or cooling process in the foundry industry. Owing to high strength resulting from its property to absorb and then release moisture, bentonite is used in iron ore palletization.

Global Bentonite Market Region Segmentation Includes:

North America

Europe

Asia Pacific

MEA

South America  

Based on the estimation, North America accounted for considerable market position in the market in 2020 and is expected to demonstrate significant growth during the forecast period (2021-2027). Large and increasing oil & gas activities resulted in the increasing demand of bentonite in the region.

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The major players operating in the market includes:

Bentonite Mineral Performance LLC

Black Hills Bentonite LLC

Minerals Technologies Inc.

Imerys S.A.

Wyo-Ben Inc.

Tolsa S.A.

Laviosa Mineral Solutions SpA

G & W Mineral Resources

Ningcheng Tianyu Chemical Co. Ltd.

Kunimine Industries Co. Ltd.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Global context. The specialist team of research analysts sheds light on various traits such as Global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Bentonite Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in the global bentonite market?

Which factors are influencing the global bentonite market over the forecast period?

What are the global challenges, threats, and risks in the global bentonite market?

Which factors are propelling and restraining the global bentonite market?

What are the demanding global regions of the bentonite market?

What will be the market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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[industrynewsupdates]

Iron Ore Procurement Intelligence: Driving Business Growth

The global iron ore category is anticipated to grow at a CAGR of 3.89% from 2023 to 2030. Growth of the category can be attributed to increased demand from manufacturing, automotive, energy and construction sectors due to increasing urbanization, and robust economic growth in emerging markets. Iron ores extracted from mines are turned into pigments that are used to produce steel, which has wide range of end-use applications. Rising production of steel in developing economies, particularly in those of Asia Pacific, such as India, China, and Vietnam, is a crucial factor fuelling the demand for pellets, thus, supporting the growth for global category. However, factors such as stringent guidelines laid by the governments across the globe over mining operations and shortage of workforce may hinder the growth of global category.

Technologies that drive the global category include automation, digital twins, IoT (internet of things), automated drilling, 3D imaging, and autonomous haulage. Autonomous vehicles are increasingly used in mining operations, increasing the productivity. These vehicles are employed in dangerous settings with significant risks to human safety, such as underground mines and are equipped with cameras and tools that can be operated remotely, enabling users to watch and do tasks from a distance. In addition, technologies like digital twins support in the creation of virtual replicas of actual resources, workflows, and infrastructure, enabling mining operators to evaluate the maturity and capability of engineering data management to identify any gaps in data or monitoring. This allows them to focus their digitization efforts on the areas that will have the biggest impact and demand.

The category for iron ore is moderately fragmented and competitive, with major firms employing a range of tactics to increase their market share in this industry. One of the primary strategies used by the key players in this industry to benefit customers and increase market share is local manufacturing to reduce operational expenses. In addition, they are heavily investing in research and development to enhance their product line, supplementing their market share. Furthermore, the players are engaging in a range of strategic initiatives in order to expand their global presence, along with partnerships with other businesses, mergers & acquisitions, contractual agreements and new product launches. Key buyers in the category are steel manufacturers and iron smelters, who are usually big businesses with considerable financial clout. As a result, they have moderate negotiating and long-term contracting leverage with suppliers.

Order your copy of the Iron Ore Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Labor cost, transportation, equipment, and warehouse costs are the major key cost components of this category. Players in the category, generally use a cost-plus pricing model wherein the total price is determined after adding a markup on labor and transportation. The prices of iron ore are influenced by several factors, with supply & demand being one of the major determinants. Growth of the global economy at any given time affect the demand for steel, thus impacting the demand for iron ore as well. In addition, prices of iron ore are also influenced by the sentiments of investors. They may buy more iron ore on futures contracts if they are more confident about future demand and pricing, which might raise the spot price globally. In September 2023, the average price of the commodity was over USD 120.8 per metric ton, which is over 21% higher than it was in September 2022.

Asia-Pacific region dominates the global iron ore category, holding 35% - 40% of global market share. China is the largest producer in the region, followed by Korea, India and Japan. The market is growing as a result of rising per capita disposable incomes, higher living standards, and an increase in commercial and residential buildings, especially in India and China, as well as the growing construction industry in emerging regional economies. The demand for iron ore is rising as a result of increased investment by the Indian government for infrastructure initiatives including expansion of ports, smart city projects and the green corridor. This will accelerate the economic expansion of the Asia-Pacific area. Furthermore, adopting a regional sourcing strategy to ensure lower transportation costs and having closer proximity to supplier facility, partnering with a supplier who is reputable for using cutting-edge analytical methods to estimate prices and demand with accuracy, evaluating pricing terms & conditions are some of the best sourcing practices considered in this category.

Iron Ore Procurement Intelligence Report Scope

• Iron Ore Category Growth Rate: CAGR of 3.89% from 2023 to 2030

• Pricing Growth Outlook: 15% - 20% increase (Annually)

• Pricing Models: Cost-plus pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Years in service, geographic service provision, certifications, forms of product on offer, packaging variants, production capacity, lead time, logistics support, regulatory compliance, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Oleochemicals Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Aluminum Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key Companies Profiled

• Anglo American plc

• Ansteel Group Corporation Limited

• ArcelorMittal S.A.

• BHP Group Limited

• China Hanking Holdings Limited

• EVRAZ plc

• Fortescue Metals Group Limited

• ITOCHU Corporation

• Luossavaara-Kiirunavaara Aktiebolag (LKAB)

• Metalloinvest LLC

• Rio Tinto plc

• Vale S.A.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[waquasuniverse]

Iron Ore Pellets Market Size Worth $63.52 Billion By 2027

The global iron ore pellets market size is expected to reach USD 63.52 billion by 2027, expanding at a CAGR of 3.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. The product demand is predicted to be largely driven by rising steel production in Asia Pacific. Iron ore pellets are an important source for steel manufacturing. Rapid industrialization and urbanization in…

[market-insider]

Iron Ore Pellets Market: Trends, Technological Advancements, and Investment Strategies

The global iron ore pellets market size is expected to reach USD 63.52 billion by 2027, expanding at a CAGR of 3.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. The product demand is predicted to be largely driven by rising steel production in Asia Pacific. Iron ore pellets are an important source for steel manufacturing. Rapid industrialization and urbanization in emerging economies of Asia Pacific since the past few years have stimulated the production of steel. This has caused a surge in demand for iron ore pellets in the region.

Iron Ore Pellets Market Report Highlights

Asia Pacific acquired the largest volume share of 52.3% in 2019. This can be attributed to a large steel production base in China

By product, direct reduced pellet is anticipated to exhibit the fastest CAGR of 3.8% from 2020 to 2027 in terms of revenue owing to rising penetration of direct reduction production method

Based on trade, the captive segment dominated the market with a volume share of 70.8% in 2019 owing to a large number of integrated steel plants across the globe

Middle East and Africa is expected to expand at a significant CAGR of 3.1% from 2020 to 2027 in terms of revenue owing to several economic diversification programs implemented by Middle Eastern and North African countries

The global market is highly competitive with Vale and Rio Tinto leading in terms of production capacity and market share.

For More Details or Sample Copy please visit link @: Iron Ore Pellets Market Report

The product is mainly used in captive form by large integrated steel producers. However, there is ample potential for seaborne trade of the product as cross country trade is expected to rise over the coming years owing to rising demand from Asia Pacific and Middle East and Africa.

China dominates the market owing to huge steel production capacity in the country. However, emerging economies such as India, Vietnam, Myanmar, Philippines, and Indonesia are expected to witness significant growth as these countries are posing a significant challenge to the Chinese steel producers owing to their comparatively lower labor costs and supportive government policies.

Major players in the industry include multinational companies such as Vale, Rio Tinto, and BHP Billiton. Rio Tinto surpassed Vale as the leading global supplier of iron ore as well as its pellets in the first quarter of the year 2020 as Vale witnessed a sharp decline in iron ore output due to a deadly dam burst owned by Vale in 2019.

[industryforecast]

Strategies for Success in the Iron Ore Pellets Market

The iron ore pellets market, an indispensable link in the global steel supply chain, offers numerous opportunities for success and growth. As the world's steel demand continues to soar, understanding the strategies that can drive success in the iron ore pellets industry is essential. In this blog post, we'll delve into the key strategies that companies can employ to thrive in this dynamic market. Global Iron Ore Pellets Market will grow at a 3.2% CAGR during the period 2023–2033 to reach a valuation of US $73,735.1 million by 2033.

Quality Assurance: In the iron ore pellets market, quality is paramount. Producing consistently high-quality pellets is essential to meet the stringent requirements of steel manufacturers. Companies must invest in state-of-the-art pelletizing technology and quality control measures to ensure the production of pellets that are uniform in size, chemical composition, and metallurgical properties.

Diversification: Diversifying product offerings can be a strategic move for companies in this sector. By producing specialized pellets tailored to specific steelmaking processes or customer requirements, businesses can tap into niche markets and reduce exposure to market price fluctuations. Additionally, exploring by-products or value-added services related to the pellets can enhance profitability.

Get Free Sample Copy of This Report: https://www.chemviewconsulting.com/request-sample/iron-ore-pellets-market

Supply Chain Optimization: Effective supply chain management is crucial for success in the iron ore pellets market. Efficient transportation, storage, and logistics play a significant role in ensuring that pellets reach customers promptly and in optimal condition. Companies must invest in infrastructure, transportation technology, and inventory management to minimize costs and maximize reliability.

Market Research and Analysis: Staying informed about market trends, price fluctuations, and competitor activities is vital. Regular market research and analysis help companies make informed decisions regarding production volumes, pricing strategies, and market entry or exit points. Being proactive in identifying market shifts allows for agile responses.

Environmental Sustainability: Sustainability is no longer just a buzzword; it's a business imperative. Companies that adopt environmentally responsible practices, such as reducing carbon emissions, conserving energy, and minimizing waste, not only meet regulatory requirements but also attract environmentally conscious customers and investors.

Innovation and Technology: Embracing innovation is a key strategy for success. Investing in research and development to improve pelletizing processes, reduce energy consumption, and enhance product quality can provide a competitive edge. Technology advancements also enable companies to meet the evolving needs of steel manufacturers.

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Global Expansion: Exploring international markets can open up new growth opportunities. Collaboration with steel producers in emerging economies, where steel demand is rapidly increasing, can be a strategic move to expand the customer base and diversify risk.

The iron ore pellets market, integral to the steel industry, holds significant potential for companies that employ strategic approaches. By focusing on quality assurance, diversification, supply chain optimization, market research, sustainability, innovation, global expansion, long-term contracts, and risk management, businesses can position themselves for success in this competitive and dynamic market.

As steel demand continues to rise and environmental considerations become more prominent, companies that combine these strategies with adaptability and a commitment to excellence will not only thrive but also contribute to a more sustainable and prosperous future in the iron ore pellets industry.

[ellinapark]

Iron Ore Pellets Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2023

Latest edition released by AMA on Global Iron Ore Pellets Market to regulate the balance of demand and supply. This intelligence report on Iron Ore Pellets includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are:

Vale S.A (Brazil)

Luossavaara-Kiirunavaara Aktiebolag (LKAB) (Sweden)

Metso Oyj (Finland)

Arya Group Of Companies (India)

Rio Tinto (United Kingdom)

Bhp (Australia)

Fortescue Metals Group Ltd (Australia)

Atlas Iron (Australia)

Simec Group (United Kingdom)

Cleveland-Cliffs, Inc. (United States)

Pelletizing Process Involves Grounding & Mixing Very Finely Particles Of Iron Ore Fines Of Size Less Than 200 Mesh With Additives Like Bentonite And Then Shaping Them Into Oval/Spherical Lumps With The Help Of A Pelletizer And Hardening The Balls By Firing With A Fuel. Iron Ore Pellets Are Important Source Of Iron Used Mainly For The Manufacturing Steel. Iron Ore Pellets Provides Better And Uniform Permeability, Owing To Their Spherical Shape And Open Pores, Resulting In Smoother Furnace Operation. Iron Pellets Provide Higher Strength, Higher Porosity, & Uniform Chemical Composition Market Trends: Surge In The Usage Of Iron Ore Pellets In Various End Use Industries Owing To Industrialization Especially In The Growing Economies Like China, India, & Brazil

Opportunities: There Is an Increased Opportunity for the Mining Companies for the Extraction of Raw Materials Required In the Production of Iron Ore Pellets

There Are Prospects for Utilising Iron Ore Pellets in Automotive Industry

Market Drivers: Growth in the Steel Industry for Manufacturing Products Like Bridges, Cars, Planes, Bicycles, & Household Appliances

Increase in the Number of Various Chemical Industries Using Iron Ore Pellets Producing Different Products like Ferric Sulfate, Ferric Chloride, & Water Treatment Processes

Challenges: The Presence of the Substitute Materials May Pose a Challenge

Presented By

AMA Research & Media LLP

[sueheaven]

Iron Ore Pellets Market Expectation Surges with Rising Demand and Changing Trends

Latest business intelligence report released on Global Iron Ore Pellets Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Iron Ore Pellets market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Vale S.A (Brazil)

Luossavaara-Kiirunavaara Aktiebolag (LKAB) (Sweden)

Metso Oyj (Finland)

Arya Group Of Companies (India)

Rio Tinto (United Kingdom)

Bhp (Australia)

Fortescue Metals Group Ltd (Australia)

Atlas Iron (Australia)

Simec Group (United Kingdom)

Cleveland-Cliffs, Inc. (United States) Pelletizing Process Involves Grounding & Mixing Very Finely Particles Of Iron Ore Fines Of Size Less Than 200 Mesh With Additives Like Bentonite And Then Shaping Them Into Oval/Spherical Lumps With The Help Of A Pelletizer And Hardening The Balls By Firing With A Fuel. Iron Ore Pellets Are Important Source Of Iron Used Mainly For The Manufacturing Steel. Iron Ore Pellets Provides Better And Uniform Permeability, Owing To Their Spherical Shape And Open Pores, Resulting In Smoother Furnace Operation. Iron Pellets Provide Higher Strength, Higher Porosity, & Uniform Chemical Composition Key Market Trends: Surge In The Usage Of Iron Ore Pellets In Various End Use Industries Owing To Industrialization Especially In The Growing Economies Like China, India, & Brazil Opportunities: There Is an Increased Opportunity for the Mining Companies for the Extraction of Raw Materials Required In the Production of Iron Ore Pellets

There Are Prospects for Utilising Iron Ore Pellets in Automotive Industry

Market Growth Drivers: Growth in the Steel Industry for Manufacturing Products Like Bridges, Cars, Planes, Bicycles, & Household Appliances

Increase in the Number of Various Chemical Industries Using Iron Ore Pellets Producing Different Products like Ferric Sulfate, Ferric Chloride, & Water Treatment Processes

Challenges: The Presence of the Substitute Materials May Pose a Challenge The Global Iron Ore Pellets Market segments and Market Data Break Down by Type (Hematite, Magnetite, Others), Application (Steel Production, Iron-Based Chemicals, Others), Balling Technology (Balling Drum, Balling Disc), Pelletizing Process (Grate Kiln (GK), Travelling Grate (TG), Others)

Presented By

AMA Research & Media LLP

[stratviewresearch]

Bentonite Market Is Likely to Experience a Tremendous Growth by 2028

The report on the Bentonite Market published by Stratview Research covers in depth details associated with the Bentonite Market.

To get a free sample report, Click here:

The Bentonite Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Bentonite Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.

Key Players

The following are the key players in the Bentonite Market:

Mineral Technologies

Delmon Group of Companies

CETCO

Black Hills Bentonite

Halliburton.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Bentonite Market value and growth drivers over the trend period of 2022-27. According to the report -

Bentonite Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Infrastructure growth in developing economies such as India, Brazil and China is driving the construction industry and hence, boosting the bentonite market. Bentonite is used in tunneling, building waterproof screens, slurry walls, waterproofing foundations and stabilization of casings.

Segment Analysis:

Based on Application Type:

Based on the application type, the market is segmented as foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others. Foundry sands application dominated the market in 2021 and is expected to remain the major application type during the forecast period.

Based on Region:

In terms of regions, North America is estimated to be the largest market driven by large scale drilling and exploration activities in the USA. Asia-Pacific is expected to witness the highest growth during the forecast period driven by emerging economies such as China, India, ASEAN countries, and others.

Critical Questions Answered in the Report

What are the key trends in the Bentonite Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

What is the impact of COVID-19 on Bentonite Market?

What are the key strategies adopted by the major vendors to lead in the Bentonite Market?

What is the market share of the top vendors?

Order a Copy of Bentonite Market report here

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Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.

Get in touch with us at – sales@stratviewresearch.com.Or connect with our experts at +1-313-307-4176

[kenresearchcompany]

Global Iron Ore Pellets Market Is Anticipated To Propel Owing To Shifting Technological Trends in Steel Industry: Ken Research

Buy Now

Iron ore pellets are the form of balls which are small in size that are produced from iron ore. The iron ore pellets are prevailed in several industries. The iron ore pellets are produced with several technologies such as oxygen based/blast furnace, electric induction furnace and from countless other technologies. It supports in delivering the tensile strength as well as sturdiness to the end-users.

According to the report analysis, ‘Global Iron Ore Pellets Market, 2021-2027’ states that Vale S.A., BHP Billiton Ltd., Rio Tinto Group, Cleveland-Cliffs, Inc., United States Steel Corporation, Fortescue Metals Group Ltd., ArcelorMittal S.A., Bahrain Steel Company, Luossavaara-Kiirunavaara Aktiebolag (LKAB), NMDC Limited, HBIS Resources Co., Ltd., Severstal PAO, Ferrexpo Plc, Metalloinvest Management Company LLC, NLMK Group and several others are the key corporates which recently operating in the global iron ore pellets market more proficiently for leading the highest market growth and registering the handsome value of market share during the review duration while increasing the specifications and benefits of such, spreading the awareness connected to the benefits and features of such, employing the young and active personnel, delivering the better consumer satisfaction, implementing the policies of government as well as similar entities, analysing the policies of government as well as similar entities, decreasing the associated prices of such, establishing the several research and development programs, and improving the qualitative and quantitative measures of such.

In addition, enlarging steel production in developing regions of Asia Pacific, such as India, China, and Vietnam, is a crucial aspect expected to propel market growth over the near years. Iron ore pellets are spherical balls of iron ore that are utilized in steel manufacturing. The lockdown imposed around countless countries around the globe owing to the COVID-19 pandemic at the end of 2019 has halted the producing activities, thereby severely affecting the iron pellet requirement in the first half of 2020. However, according to countless economic analysts, the worldwide economy is likely to observe a big rebound from 2021, which is probable to spur the iron ore pellets industry growth during the near future.

Furthermore, the iron ore pellets market is projected to augment substantially during the coming years. This growth is projected to be assisted by the growing number of environmental regulations on sinter feed, moving the technological trends in the steel industry, and depletion in great quality lump ores, besides other aspects. China is projected to hold a projecting share in the global iron ore pellets market. Players in the iron ore pellets market can aim on the signing of supply agreements for the improvement of a strong customer base.

The global iron ore pellets market is also likely to be propelled by the increasing use of steel in several end use industries, such as manufacturing, automotive, and construction during the years to come. High requirement for steel in the construction around the globe is predicted to stoke the requirement for iron ore pellets in the years to come. Therefore, in the near years, it is predicted that the market of iron ore pellets will increase around the globe more actively over the near future.

For More Information, refer to below link:-

Global Iron Ore Pellets Market Outlook, 2021-2027

Related Reports

Global Iron Ore Pellets Market Status and Future Forecast 2015-2024

Global Iron Ore Pellets Market Analysis 2013-2018 and Forecast 2019-2024

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[ken-research-market-research]

Global Iron Ore Pellets Market Is Anticipated To Propel Owing To Shifting Technological Trends in Steel Industry: Ken Research

Global Iron Ore Pellets Market Is Anticipated To Propel Owing To Shifting Technological Trends in Steel Industry: Ken Research

Buy Now Iron ore pellets are the form of balls which are small in size that are produced from iron ore. The iron ore pellets are prevailed in several industries. The iron ore pellets are produced with several technologies such as oxygen based/blast furnace, electric induction furnace and from countless other technologies. It supports in delivering the tensile strength as well as sturdiness to…

[rdagade]

Bentonite Market: Competitive Analysis, Growth, Trend, Forecast up to 2027

Bentonite Market Overview:

Bentonite Market: Report Scope the latest industry report on the Bentonite Market assesses the opportunities and current market landscape, offering insights and updates on the corresponding segments for the forecasted period of 2021-2027. The report contains a complete analysis of major market dynamics as well as detailed information on the global Bentonite market's structure. This market research report provides unique insights into how the global Bentonite market is expected to grow from 2021 to 2027.

The primary goal of the Bentonite market research is to provide detailed information on market opportunities that are assisting in the transformation of global Bentonite enterprise. Report  provide projected growth rates along with the compound annual growth rate (CAGR) for forecasted period to enable readers to better understand the monitoring and assessment of the global Bentonite market, as well as to discover lucrative opportunities in the market.

Request for free sample: https://www.maximizemarketresearch.com/request-sample/25076

Market Scope:

Maximize Market Research, report provide overall market insights for manufacturers, suppliers, distributors, and investors in the global Bentonite market. The information and data offered in the report may be used by all stakeholders in the global Bentonite market, as well as industry professionals, researchers, journalists, and business researchers.

Maximize Market Research, report provides a unique research approach to conduct detailed research on the global Bentonite market and make conclusions on the market's future growth factors. Primary and secondary research methodologies are combined in the research approach to assure the authenticity and validity of the conclusions in this report.

The report discusses the Bentonite market's drivers, restraints, opportunities, and challenges. The research helps to identify the market growth drivers and determining how to utilize these factors as strengths. Restraints can assist readers in identifying traits that are restricting the Bentonite market, as well as reducing them before they become an issue.  This will assist readers in comprehending the aspects that will influence your ability to capitalise on possibilities.

Segmentation:

Global Bentonite Market, by Product:

• Sodium Bentonite • Calcium Bentonite • Sulphur Bentonite Global Bentonite Market, by Application:

• Foundry Sands • Cat Litter • Iron Ore Pelletizing • Refining • Drilling Muds • Civil Engineering Global Bentonite Market, by Region:

• North America • Europe • Middle East & Africa • Asia Pacific • South America

Get more Report Details https://www.maximizemarketresearch.com/market-report/global-bentonite-market/25076/

Key Players:

• Black Hills Bentonite • Halliburton Co. • Kemira OYJ • Charles B Chrystal Co. Inc. • Mineral Technologies Inc. • Clariant AG • Alfa Aesar • Kutch Minerals • Kunimine Industries Co. Ltd. • Ashapura Group of Companies • Wyo- Ben Inc. • AMCOL International • MidPoint Chemicals Company • M-I SWACO • Volclay International • Cimbar • Amsyn Inc

The competitive landscape shows the market share of major key competitors, as well as their key development plans and current financial performance over the previous five years. This information is anticipated to help businesses understand their competitors on a global level. Furthermore, the reports feature company profiles, product offers, critical financial data, country-level research, and a synthesis of demand and supply variables that influence market growth.

Regional Analysis:

Geographically, Bentonite market report is segmented into several key regions are as follows,

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

North America (the United States, Mexico, and Canada.)

South America (Brazil etc.)

The Middle East and Africa (GCC Countries and Egypt.)

Furthermore, the study covers market size, growth rate, import and export, as well as country-level analysis, integrating the demand and supply forces of the Bentonite market in these countries, which are impacting market growth.

COVID-19 Impact Analysis on Bentonite Market:

COVID-19's global influence on the Bentonite market was examined in this research. During this crisis, the report examines the Bentonite market's alternatives, demanding conditions, and difficult possibilities in detail. In terms of funding and market expansion, the paper briefly examines the COVID-19's merits and limitations. The study also contains a set of concepts that should aid readers in developing and planning company strategies.

The report considers consultations to overcome past disruptions and foresees potential ones in order to improve preparation. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. Maximize Market Research analysts can also assist readers in breaking down a complex circumstance and bringing resiliency to a situation that is uncertain.

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[daisyri-me]

Global Bentonite Market is Estimated to Grow at a CAGR of 4.8% from 2015 to 2024

The global Bentonite Market is anticipated to rise at a CAGR of 4.8% during the forthcoming period. Increasing activities in the oil well cement and drilling fluid applications are paving the way for bentonite industry. The market witnesses engaging activities in the groundwater barriers, absorbents for pet litter, oil & grease and binders in the iron & steel manufacturing industry.

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Driving factors responsible for bentonite market include rise in oil & drilling activities blended with rise in application for geosynthetic clay and medical domain. In addition, rise in production capacities coupled with increase in demand for oil & gas is anticipated to drive the market growth during the forecast period. Rise in demand from end-use applications such as rubber tires and pharmaceutical industry and increasing popularity is anticipated to drive the market growth.

Product segmentation for bentonite industry includes calcium and sodium. Application category for bentonite market includes pet litter, drilling mud, civil engineering, refining, iron ore and foundry sands. Geographical segmentation for bentonite industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are expected to witness a higher CAGR owing to favorable initiatives by government. The regions are anticipated to witness a higher demand from oil & gas, construction and metallurgy industries.

North American market has a greater share owing to rise in use of bentonite for pet and cattle products. European market will experience a moderate share due to rise in foundry sands and iron ore extraction. Middle Eastern and African regions are likely to gain a significant market share due to rise in extraction and mining activities. The key players in the bentonite market include Wyo-Ben Inc, AMCOL International, Midpoint Chemicals Company, Kemira, Amsyn Inc, Cimbar, Volclay International, Charles B. Crystal Co Inc.

Complete Report Available @ https://www.millioninsights.com/industry-reports/bentonite-market

Market Segment:

Product type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)     • Sodium     • Calcium     • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)     • Foundry sands     • Iron ore pelletizing     • Cat litter     • Drilling mud     • Civil Engineering     • Refining     • Others

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[itswallstreetpr]

Commodity Stocks in Generational Bull Trend (X, CEI, CLF, CCJ, ADM, BHP, AA, VKIN)

Guess what happens when you print trillions of dollars and then run into underinvestment and logistical problems upon reopening a fast-growing global economy? You get commodity price inflation. It’s hardly a shocking development. Major commodity markets are collectively up over 52% so far in 2021 – global equity markets are up less than 17% for some perspective. Why is it happening? One simple framework is “easy money”: with Turkey’s rate cut a few days ago, we have now seen exactly 1,000 central bank rate cuts since the Lehman bankruptcy in 2008. It’s 13 years of accumulating stimulus.  Then you stop the world economy to cut off transmission of the virus, and commodities crash, and producers stop investing in new production. And then you restart everything and demand switches back on instantly. But production is slow to respond and behind the curve. That story describes almost every major commodity market in the world right now. This is economics 101 – supply and demand drive reality. With that in mind, we take a look at some of the most compelling stocks in the commodity space, along with their recent catalysts. Cleveland-Cliffs Inc. (NYSE:CLF) is a flat-rolled steel producer company that supplies iron ore pellets to the North American steel industry.  The company is involved in production of metallics and coke, through iron making, steelmaking, rolling and finishing, and to downstream tubular components, stamping, and tooling. Cleveland-Cliffs Inc. (NYSE:CLF) reported third-quarter results for the period ended September 30, 2021 a few days ago, including news that third-quarter 2021 consolidated revenues were $6.0 billion, compared to the prior-year third-quarter revenues of $1.6 billion and that the Company recorded net income of $1.3 billion, or $2.33 per diluted share. In the prior-year third quarter, the Company recorded net income of $2 million. Lourenco Goncalves, Cliffs' Chairman, President, and CEO said: "In a short period of less than two years, we went from $2 billion annual revenues in 2019 to expected revenues of $21 billion in 2021. Also, the $1.9 billion of Q3 adjusted EBITDA we have just reported is equivalent to half of our year-to-date adjusted EBITDA of $3.8 billion, showing that our profitability continues to increase, as we continue to implement our way of doing business, and take advantage of - and extract synergies from - our modern, efficient and unique footprint." And the stock has been acting well over recent days, up something like 18% in that time. Shares of the stock have powered higher over the past month, rallying roughly 29% in that time on strong overall action.  Cleveland-Cliffs Inc. (NYSE:CLF) managed to rope in revenues totaling $5B in overall sales during the company's most recently reported quarterly financial data -- a figure that represents a rate of top line growth of 379.2%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($73M against $3B, respectively). Camber Energy Inc (NYSEAMERICAN:CEI) was one of the best performing players in the commodity space a month ago. Then it got hit by a bear attack from a fund that put out a research report arguing against the stock to drive it back down after it rose to nearly $5/share. CEI has exposure to oil and gas assets through its majority-owned subsidiary, Viking Energy Group Inc (OTC US:VKIN), which has energy assets located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi. With its firm financial backing, one can easily imagine a lot of expansion opportunity here as well. Camber Energy Inc (NYSEAMERICAN:CEI) management commented on the “short report”, which is a good sign. Not responding to something like that allows the attackers to control the narrative. Regarding such report James Doris, President and Chief Executive Officer of Camber, commented, "We are not involved in, nor do we comment on, the day-to-day trading of the company's common stock. I can say, however, that our business relationships are legitimate and that we are firmly committed to improving the organization's capitalization and executing on our growth strategy. With respect to the Company's public filings, our objective is for the Company to become current on or before the expiry of the Initial Cure Period as established by the New York Stock Exchange, which is on or about November 19, 2021." From that, one can clearly understand that the bear attack seems to have alleged, in effect, that the company didn’t substantively have a real business. However, as the company paints the picture, it is simply behind in its filings. And it intends to rectify that before it becomes of consequence to its investors. Time will tell. But the situation, as it seems to be here, could represent an opportunity if the company executes and gets its house in order because its majority owned subsidiary, VKIN, has been posting growing production and revenues in a marketplace where its end-market product has been rapidly growing in value. Camber Energy Inc (NYSEAMERICAN:CEI) recently delivered another twist to its story: its strides to become a leader in the emerging carbon capture marketplace after recent announcing that VKIN entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy, LLC regarding ESG's patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. That’s an ESG theme and a new opportunity to drive growth. Cameco Corp. (NYSE:CCJ) is perhaps the most recognizable publicly traded uranium producer. The company operates through the following segments: Uranium and Fuel Services.  The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Cameco Corp. (NYSE:CCJ) recently released its 2020 ESG (environmental, social and governance) Report. The report illustrates how Cameco integrates ESG principles and practices throughout the company and in its strategy, and includes feature stories and metrics for its 2020 ESG performance. “This is the 16th annual report on our sustainability performance, in a year that was truly like no other due to the COVID-19 pandemic,” said Cameco president and CEO Tim Gitzel. “Despite the challenges the world experienced in 2020, Cameco was resilient. We kept our focus on ensuring the safety of our workers, protecting the environment and supporting our partner communities. In fact, we received positive recognition for our performance on a number of ESG fronts last year, demonstrating the success of our programs and practices and the value we are creating.” The stock has suffered a bit of late, with shares of CCJ taking a hit in recent action, down about -2% over the past week. Shares of the stock have powered higher over the past month, rallying roughly 27% in that time on strong overall action.  Cameco Corp. (NYSE:CCJ) managed to rope in revenues totaling $359.2M in overall sales during the company's most recently reported quarterly financial data -- a figure that represents a rate of top line growth of -31.6%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels exceeding current liabilities ($1.2B against $257.5M). Other key plays in the commodity space include United States Steel Corp. (NYSE:X), Archer Daniels Midland Co. (NYSE:ADM), BHP Group Ltd. ADR (NYSE:BHP), and Alcoa Corp. (NYSE:AA). Read the full article

[blogaarti]

In Depth Research On LNG Carrier Market Trends, Size, Growth, Challenges and Forecast 2025

Use of liquified natural gas (LNG) spans into a spectrum of industries including power generation and mining. The sheer size and buying capacity of these industries makes LNG a highly sought-after gas across a range of sectors, industries, and applications. The aforementioned trend has played a crucial role in propelling sales across the global LNG carrier market. The growing fleet of vessels used across the marine industry has given an impetus to the popularity of LNG carriers. Furthermore, LNG carriers are high-value vessels that are endowed with advanced features and specialized technologies. The enormous size of an LNG carrier makes them much more resilient and navigable across oceans. Over the course of the next decade, the demand for LNG carriers shall increase at a formidable pace. 

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Currently, there are over 360 LNG carriers across the world, serving as critical machinery and transport equipment for vital end-use industries. These vessels are categorized on the basis of their ability to carry cargo with varying levels of hazardousness. Furthermore, the unprecedented value generated by these vessels for the marine industry has also aided market expansion. Greenhouse gas emissions released by LNG carriers are much lesser as compared to conventional vessels – an important factor that is driving the popularity of the former. 

Development of Robust Offshore and Onshore Oil & Gas Infrastructure to Aid Market Growth

Extraction of natural gas is a herculean process that needs to be backed by handsome technological infrastructure. This infrastructural requirement also includes the use of massive vessels including LNG carriers. Henceforth, the total volume of sales flowing into the global LNG carrier market is slated to rise in the times to follow. A large host of countries import LNG to initiate and propel the operations of several key industries. Besides, the sale of LNG largely relies on the dynamics of cross-border trade, necessitating consideration for territorial laws and regulations during LNG sales. Therefore, easing of trade restrictions shall help in accelerating sale of LNG, further increasing demand for LNG carrier vessels. 

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Supply and Demand Dynamics to be Decisive in Growth of Regional Markets

The LNG market exhibits an exclusive trend where the functional dynamics of supply and demand sides are expected to ascertain sales. The supply belt consisting of Africa, North America, Australia, Russia, and Qatar is leveraging new opportunities for exporting LNG to demand-heavy regions. This has created a large opportunity across the global LNG carrier market. The demand side of the LNG market includes the regions of Europe and East Asia. The stupendous buying or importing capacity of these regions is favoring the growth of the collective LPG sector. In view of these trends, it is safe to predict that the global LPG carrier market would flourish in the times to follow. 

Some of the prominent vendors operating in the global LPG carrier market are "K"Line (Korea) Ltd., MISC Berhad, Nakilat, NYK Line, Mitsui O.S.K. Lines, Samsung Heavy Industries Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Mitsubishi Heavy Industries, Ltd. An increase in the fleet of their vessels could be characteristic of market expansion. 

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[fusion-kunal]

Bentonite Market by Forecast From 2021 to 2027 With Covid-19 Impact Analysis and Future Business Opportunities

Bentonite Market 2020-2026

A New Market Study, Titled “Bentonite Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.

Description

This global study of the Bentonite market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Bentonite industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

Request a Sample Report @ https://www.fusionmarketresearch.com/sample_request/(COVID-19-Version)-Global-Bentonite-Market/13531

The report offers detailed coverage of Bentonite industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Bentonite by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Bentonite market for 2015-2024. And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Bentonite according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Bentonite company.

Key Companies MTI (AMCOL) Imerys (S&B) Clariant Taiko Group Ashapura Huawei Bentonite Fenghong New Material LKAB Minerals Bentonite Performance Minerals Chang’an Renheng Luoyang Qingfa Kunimine Industries Ningcheng Tianyu Wyo-Ben Inc Liufangzi Bentonite Xinjiang Nonmetallic Minerals Bento Group Minerals Black Hills Bentonite Anji Yuhong Clay Cimbar Kutch Minerals

Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]

Market by Type Sodium Bentonite Calcium Bentonite

Market by Application Molding Sands Iron Ore Pelletizing Pet Litter Drilling Mud Civil Engineering Agriculture

Ask Queries @ https://www.fusionmarketresearch.com/enquiry.php/(COVID-19-Version)-Global-Bentonite-Market/13531

Table of Contents

Part 1 Market Overview 1.1 Market Definition 1.2 Market Development 1.2.1 Current Situation 1.2.2 Aspects of COVID-19 Impact 1.3 By Type Table Type of Bentonite Figure Global Bentonite Market Share by Type in 2019 1.4 By Application Table Application of Bentonite Figure Global Bentonite Market Share by Application in 2019 1.5 By Region Figure Global Bentonite Market Share by Region in 2019 Figure Asia Bentonite Market Share by Region in 2019

Part 3 Global Market Status and Future Forecast 3.1 Global Market by Region Table Global Bentonite Market by Region, 2015-2019 (Million USD) Figure Global Bentonite Market Share by Region in 2019 (Million USD) Table Global Bentonite Market by Region, 2015-2019 (Volume) Figure Global Bentonite Market Share by Region in 2019 (Volume) Table Price List by Region, 2015-2019 3.2 Global Market by Company Table Global Bentonite Market by Company, 2015-2019 (Million USD) Figure Global Bentonite Market Share by Company in 2019 (Million USD) Table Global Bentonite Market by Company, 2015-2019 (Volume) Figure Global Bentonite Market Share by Company in 2019 (Volume) Table Price List by Company, 2015-2019 3.3 Global Market by Type Table Global Bentonite Market by Type, 2015-2019 (Million USD) Figure Global Bentonite Market Share by Type in 2019 (Million USD) Table Global Bentonite Market by Type, 2015-2019 (Volume) Figure Global Bentonite Market Share by Type in 2019 (Volume) Table Price List by Type, 2015-2019 3.4 Global Market by Application Table Global Bentonite Market by Application, 2015-2019 (Million USD) Figure Global Bentonite Market Share by Application in 2019 (Million USD) Table Global Bentonite Market by Application, 2015-2019 (Volume) Figure Global Bentonite Market Share by Application in 2019 (Volume) Table Price List by Application, 2015-2019 3.5 Global Market by Forecast Figure Global Bentonite Market Forecast, 2020-2025 (Million USD) Figure Global Bentonite Market Forecast, 2020-2025 (Volume)

…

Part 9 Market Features 9.1 Product Features 9.2 Price Features 9.3 Channel Features 9.4 Purchasing Features

Part 10 Investment Opportunity 10.1 Regional Investment Opportunity 10.2 Industry Investment Opportunity PART 11 Coronavirus Impact 11.1 Impact on Industry Upstream 11.2 Impact on Industry Downstream 11.3 Impact on Industry Channels 11.4 Impact on Industry Competition 11.5 Impact on Industry Obtain Employment Part 12 Conclusion

Continue…

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[severepeanutperfection]

Analysis of the Coronavirus Effect: Disruptions in Steel Production and Construction Sectors Weakens Demand for Direct Reduced Iron (DRI) – Future Market Insights

Future Market Insights: Falling demand and disruptions to supply chains arising from the coronavirus outbreak has adversely impacted the direct reduced iron market. The impact of coronavirus on the industry include restrictions on logistics, travel, and labor shortages and a slowdown of industrial activity. Suspension of steel production and construction activities is likely to continue in the latter part of 2020.

As per a FMI report, the direct reduced iron (DRI) market is expected to reach a valuation of US$ 17 Bn through the end of the projection period in 2030. The effects of the virus on the DRI industry is expected to be temporary and this will lead to a surge in demand once the epidemic passes, and pending delivery orders are completed.

“The adoption of direct reduced iron allows steel manufacturers to generate carbon steel more cost- efficiently and with high levels of accuracy in specifications. Furthermore, the rapid rise in the cost of steel scraps coupled with strict regulations on the imports of such scrap contribute to the need for direct reduced iron in the steel industry. These trends bode well for the DRI market after the end of the pandemic,” says the FMI analyst.

Request a report sample to gain market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11635

Direct Reduced Iron Market – Major Takeaways

Coal based production processes remain highly sought after. However, gas-based operations are gaining ground backed by environment concerns.

Steel production remains the primary end use application, driven by demand from multiple application verticals.

Direct reduced iron pellets hold a substantial lead over lump alternatives owing to superior results in processing.

Asia Pacific is a dominant force in the direct reduced iron market owing to the prominent role of China as an iron and steel producer in the global industry.

Direct Reduced Iron Market – Top Driving Factors

Rapid expansion of steel industry in China, India, and Vietnam will support growth of the direct reduced iron market.

Fiscal stimulus provided by governments and strong business confidence in the iron industry is set to support market growth.

Prospects of high demand for steel in automotive and construction industries indirectly fuel growth in the DRI market.

Rise in volume of sea-borne DRI trade on a global scale also contributes to market development.

Direct Reduced Iron Market – Key Constraints

Direct reduced iron poses a risk of self-heating and fire. Such safety hazards restrict handling and its transportation activities in the market.

DRI is very vulnerable to rusting and oxidation when left exposed to the environment, restricting market operations.

Anticipated Impact of COVID-19

The strong activity of the construction sectors in major economies such as China and the United states has come to a jarring halt owing to the coronavirus pandemic. Regional and nationwide lockdowns along with large-scale labor shortages not only in construction, but also the steel industry will impact the direct reduced iron market.

The problems will also be aggravated in the short term by pressures of cash flow and supply chain issues which will result in substantial delays in order schedules. However, demand for DRI is likely to recover strongly after pandemic regulations are relaxed and workers move back into regular operations.

The direct reduced iron market report comprises 126 figures, 32 data tables and a table of contents. You can also read about market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11635

Competition Landscape

Players in the direct reduced iron market include but are not limited to Nucor, ArcelorMittal, Mobarakeh Steel, SIDOR, and Jindal Steel. Leading players are primarily seeking long term contracts with steel producers and are also investing in capacity expansions.

For instance, JSW Steel is expanding its captive iron ore mine capacities with the development of up to 7 integrated facilities within India. Similarly, Port Hedland DRI facilities in Western Australia, with multiple players including Rio Tinto, and Pilbara Minerals among others are expected to reach production capacities of 547.5 million tons by the end of 2023.

More About the Report

The FMI’s market research report gives exhaustive insights on Direct reduced iron market. The market is analyzed in terms of production process (coal-based and gas-based), application (steel production and construction) and form (lumps and pellets) across six key regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East and Africa).

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