Global Direct Reduced Iron Market Size & Outlook
Global direct reduced iron market, 2018-2030 (US$M)
Related Markets
Global direct reduced iron market highlights
- The global direct reduced iron market generated a revenue of USD 47,756.1 million in 2024 and is expected to reach USD 68,983.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.1% by 2030.
- In terms of segment, steelmaking accounted for a revenue of USD 40,960.7 million in 2024.
- Steelmaking is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 47,756.1 million |
| Market revenue in 2030 | USD 68,983.1 million |
| Growth rate | 7.1% (CAGR from 2025 to 2030) |
| Largest segment | Steelmaking |
| Fastest growing segment | Steelmaking |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steelmaking |
Other key industry trends
- In terms of revenue, the North America accounted for 10.0% of the global direct reduced iron market in 2024.
- By country, the India is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 17,855.3 million by 2030.
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Direct Reduced Iron Market Scope
Direct Reduced Iron Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global direct reduced iron market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to direct reduced iron market will help companies and investors design strategic landscapes.
Steelmaking was the largest segment with a revenue share of 85.77% in 2024. Horizon Databook has segmented the Global direct reduced iron market based on steelmaking covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Direct Reduced Iron End Use Outlook (Revenue, USD Million, 2018-2030)
- Steelmaking
- Others
- Global Direct Reduced Iron Form Outlook (Revenue, USD Million, 2018-2030)
- Cold Direct Reduced Iron (CDRI)
- Hot Direct Reduced Iron (CDRI)
- Hot Briquetted Iron (HBI)
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Our clientele includes a mix of direct reduced iron market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global direct reduced iron market , including forecasts for subscribers. This global databook contains high-level insights into Global direct reduced iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global direct reduced iron market size, by regions, 2018-2030 (US$M)
Top 10 countries: Direct reduced iron market size, 2024 (US$M)
Global direct reduced iron market share, by end use, 2024 & 2030 (%, US$M)
Direct reduced iron market: Opportunity assessment by country
Global direct reduced iron market, by region, 2024 (US$M)
Related regional statistics
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