India High Purity Pig Iron Market Size & Outlook
India high purity pig iron market, 2018-2030 (US$M)
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India high purity pig iron market highlights
- The India high purity pig iron market generated a revenue of USD 56.7 million in 2021 and is expected to reach USD 131.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% 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 56.7 million |
| Market revenue in 2030 | USD 131.9 million |
| Growth rate | 9.8% (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, India accounted for 5.2% 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 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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India 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 50.79% in 2021. Horizon Databook has segmented the India high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
India holds the largest share of the North American high purity pig iron market on account of the widespread presence of numerous manufacturers and end users in the country. Large-scale automobile plants, machinery & tool manufacturers, growing demand for pipes & fittings owing to the expanding petrochemical industry, and infrastructural developments are propelling the demand for high purity pig irons in the country.
Investments in developing several wind power stations and wastewater treatment plants in India are anticipated to contribute to the demand for high purity pig iron market in the country. According to the Institute for Energy Economics and Financial Analysis (IEEFA), India received investments worth USD 14.5 billion (INR 14,500 crore) for renewable energy plants in 2021-22.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the India high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into India high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India high purity pig iron market size, by application, 2018-2030 (US$M)
India High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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