Germany High Purity Pig Iron Market Size & Outlook
Germany high purity pig iron market, 2018-2030 (US$M)
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Germany high purity pig iron market highlights
- The Germany high purity pig iron market generated a revenue of USD 228.7 million in 2021 and is expected to reach USD 522.0 million by 2030.
- The Germany 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 228.7 million |
| Market revenue in 2030 | USD 522.0 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, Germany accounted for 21.2% 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 Europe, Germany high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 522.0 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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Germany 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 Germany high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
2. According to the Economy Ministry of Germany. This comparatively low growth can be attributed to the adverse impact of the Russia-Ukraine conflict. The country’s government is heavily investing in the revival of its industrial and renewable power industry. This, in turn, is expected to provide growth opportunities for the high purity pig iron market over the forecast period.
Also, in June 2022, the government announced its plans to double onshore wind energy capacity by up to 110 GW and offshore to 30 GW in terms of electricity generated from renewable sources. The government is expected to focus on accelerating the onshore wind energy projects as it introduced an expansion bill to reduce dependence on Russia’s fossil fuels.
For instance, in October 2022, NORDEX SE, one of the largest manufacturers of wind turbines in the country, announced that it received an order from an undisclosed company for the installation of 10 wind turbines which are likely to produce 50MW energy for the project in Croatia. The plant is expected to be commissioned in Q4 2023.
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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 Germany high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Germany high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany high purity pig iron market size, by application, 2018-2030 (US$M)
Germany High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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