Italy High Purity Pig Iron Market Size & Outlook
Italy high purity pig iron market, 2018-2030 (US$M)
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Italy high purity pig iron market highlights
- The Italy high purity pig iron market generated a revenue of USD 125.3 million in 2021 and is expected to reach USD 276.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 9.2% 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 125.3 million |
| Market revenue in 2030 | USD 276.0 million |
| Growth rate | 9.2% (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, Italy accounted for 11.6% 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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Italy 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 50.68% in 2021. Horizon Databook has segmented the Italy high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of Italy focuses on fueling its economic growth, which is expected to benefit the demand for high purity pig iron in the country. The government of the country came up with a new recovery and resilience plan in November 2021 to enhance the economic growth of Italy from 1.5% to 2.5% by 2026.
The Government of Italy aims to invest in the construction of public buildings, renewable energy plants, and waste and water management units in the country. This, in turn, is anticipated to positively influence the consumption of ductile cast iron and thus demand for HPPI in Italy over the forecast period.
Currently, Italy is facing an energy crisis owing to its heavy reliance on gas imports from Russia to meet its domestic energy requirements. The Government of Italy is planning to develop onshore wind farms in the central and southern regions of Puglia, Basilica, and Sardinia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Italy high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy high purity pig iron market size, by application, 2018-2030 (US$M)
Italy High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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