Canada High Purity Pig Iron Market Size & Outlook
Canada high purity pig iron market, 2018-2030 (US$M)
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Canada high purity pig iron market highlights
- The Canada high purity pig iron market generated a revenue of USD 13.5 million in 2021 and is expected to reach USD 29.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.9% 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.
High purity pig iron market data book summary
| Market revenue in 2021 | USD 13.5 million |
| Market revenue in 2030 | USD 29.0 million |
| Growth rate | 8.9% (CAGR from 2021 to 2030) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Energy |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Canada accounted for 1.2% of the global high purity pig iron market in 2021.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 129.9 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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Canada 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 50.37% in 2021. Horizon Databook has segmented the Canada high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to increasing government efforts to generate electricity from renewables to achieve net zero greenhouse gas emissions by 2050. This is expected to propel investments in wind energy plants, which, in turn, are anticipated to augment the demand for ductile cast iron.
Thus, increasing the consumption of HPPI across the forecast period. For instance, the government is investing approximately USD 50 million in the Burchill Wind Energy project. The project consists of 10 wind turbine generators, which are expected to generate up to 42 megawatts of clean renewable energy powered by the 10 megawatts/20 megawatts hour utility-scale battery storage system.
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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 country-level data and insights on the Canada high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Canada high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada high purity pig iron market size, by application, 2018-2030 (US$M)
Canada High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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