China High Purity Pig Iron Market Size & Outlook
China high purity pig iron market, 2018-2030 (US$M)
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China high purity pig iron market highlights
- The China high purity pig iron market generated a revenue of USD 117.5 million in 2021 and is expected to reach USD 267.2 million by 2030.
- The China market is expected to grow at a CAGR of 9.6% 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 117.5 million |
| Market revenue in 2030 | USD 267.2 million |
| Growth rate | 9.6% (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, China accounted for 10.9% 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 Asia Pacific, China high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 131.9 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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China 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 50.72% in 2021. Horizon Databook has segmented the China high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, the country is a leading manufacturer of high purity pig iron in the world. The domestic demand for ductile iron castings and their exports, presence of large-scale water infrastructure, investments in renewable energy generation projects, and increase in the production of ductile iron casting components fuel the growth of the market in China.
China is continuously increasing its renewable energy generation capacity to reduce its dependence on fossil fuels. For instance, in March 2022, the government of the country announced plans to generate 1,200 GW of solar and wind energy by 2030. In addition, the Government of China also intends to install 450 GW of wind and solar power generation capacity in the Gobi Desert by 2030.
It is also planning to invest USD 8 billion to construct and install new sludge-processing facilities in the country as a part of its 5-year strategy plan. Surged investments for the development of water treatment facilities in China are anticipated to boost the demand for ductile pipes, thereby leading to the growth of high purity pig iron market in the country in the coming years.
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Target buyers of China high purity pig iron market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into China high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China high purity pig iron market size, by application, 2018-2030 (US$M)
China High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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