Asia Pacific High Purity Pig Iron Market Size & Outlook
Asia Pacific high purity pig iron market, 2018-2030 (US$M)
Related Markets
Asia Pacific high purity pig iron market highlights
- The Asia Pacific high purity pig iron market generated a revenue of USD 261.7 million in 2021.
- The market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, automotive & transportation was the largest revenue generating application in 2021.
- Energy is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 261.7 million |
| Market revenue in 2030 | USD 589.8 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Energy |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive & transportation, Energy, Industrial |
| Key market players worldwide | Rio Tinto PLC ADR, Tronox Holdings PLC Shs Class A, Eramet SA, Vedanta, Minerals Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.2% of the global high purity pig iron market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 589.8 million by 2030.
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High Purity Pig Iron Market Scope
High Purity Pig Iron Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific high purity pig 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 high purity pig iron market will help companies and investors design strategic landscapes.
Automotive & transportation was the largest segment with a revenue share of 50.71% in 2021. Horizon Databook has segmented the Asia Pacific high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is projected to remain the fastest growing regional market. Increasing demand for this iron from water infrastructures, the automotive & transportation industry, energy generation plants, and industrial applications is anticipated to further augment the growth of the market in the region over the forecast period.
The countries in Asia Pacific aim at reducing their carbon emissions by shifting their focus toward electricity generation from wind energy. For instance, in February 2022, the Government of Bangladesh set an ambitious target to generate 50 MW of energy from its Inani Beach Wind Farm.
This project is expected to be commissioned by the fourth quarter of 2022, and the power generated by this project is anticipated to be sold to Bangladesh Power Development Board with a twenty-year contract under a power-purchase agreement.
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Our clientele includes a mix of high purity pig iron market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific high purity pig iron market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific high purity pig iron market size, by country, 2018-2030 (US$M)
Asia Pacific High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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