Iran High Purity Pig Iron Market Size & Outlook, 2021-2030
Iran high purity pig iron market, 2018-2030 (US$M)
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Iran high purity pig iron market highlights
- The Iran high purity pig iron market generated a revenue of USD 17.8 million in 2021 and is expected to reach USD 29.1 million by 2030.
- The Iran market is expected to grow at a CAGR of 5.6% 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 17.8 million |
| Market revenue in 2030 | USD 29.1 million |
| Growth rate | 5.6% (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, Iran accounted for 1.7% 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 Middle East & Africa, Iran high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9.1 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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Iran 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 51.12% in 2021. Horizon Databook has segmented the Iran 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 of high purity pig iron market in Iran is anticipated to be augmented by the green energy initiatives undertaken by the government of the country over the forecast period. For instance, in October 2022 the Energy Ministry of Iran announced that it is planning to add 10 GW of renewable energy generation by the fourth quarter of 2026.
The plan of the government of the country is to achieve 30 GW renewable energy generation cumulative capacity so that Iran can reach the long-term energy goal in the sector. The country is the fifth-largest producer of crude oil and one of the largest exporters of petroleum and natural gas in the world. Iran increasingly relies on crude oil exports for its economic growth.
The rising adoption of renewable energy across the world is impacting exports of fossil fuels from the country. For instance, the U.S. reduced its imports of oil & gas from Iran. The country is also stepping forward toward green energy for achieving sustainability.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Iran high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Iran high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iran high purity pig iron market size, by application, 2018-2030 (US$M)
Iran High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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