Europe High Purity Pig Iron Market Size & Outlook
Europe high purity pig iron market, 2018-2030 (US$M)
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Europe high purity pig iron market highlights
- The Europe high purity pig iron market generated a revenue of USD 676.0 million in 2021.
- The market is expected to grow at a CAGR of 9.3% 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, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 676.0 million |
| Market revenue in 2030 | USD 1,498.7 million |
| Growth rate | 9.3% (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, Europe region accounted for 62.5% 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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Europe 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 Europe high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Ever since 2020, Europe has been dealing with the adverse effects of COVID-19 and the energy crisis due to the Russia-Ukraine conflict. The region is expected to witness lower growth in the market over the short term.
Countries in the region are investing in renewable energy projects, such as wind and solar, to reduce their dependence on Russian gas for electric generation, which is expected to propel the demand for ductile cast iron over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe high purity pig iron market , including forecasts for subscribers. This continent databook contains high-level insights into Europe high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe high purity pig iron market size, by country, 2018-2030 (US$M)
Europe High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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