Japan High Purity Pig Iron Market Size & Outlook
Japan high purity pig iron market, 2018-2030 (US$M)
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Japan high purity pig iron market highlights
- The Japan high purity pig iron market generated a revenue of USD 65.8 million in 2021 and is expected to reach USD 147.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.4% 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 65.8 million |
| Market revenue in 2030 | USD 147.1 million |
| Growth rate | 9.4% (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, Japan accounted for 6.1% 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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Japan 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 50.76% in 2021. Horizon Databook has segmented the Japan high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The development of water supply infrastructures, tool manufacturing units, and wind energy plants in Japan is anticipated to contribute to the growth of high purity pig iron market in the country in the coming years. Japan has been increasingly adopting renewable sources of energy to reduce its dependence on fossil fuels and reduce carbon emissions during energy generation.
In July 2021, the country set the target to generate approximately 60% of its energy from renewable sources. Japan is expected to produce wind, solar, hydro, geothermal, and biomass energy in the coming years.
This is anticipated to surge the investments in renewable energy generation plants in the country in the coming years, thereby fueling the demand for ductile iron castings and benefiting high purity pig iron market in Japan during the forecast period.
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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 Japan high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Japan high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan high purity pig iron market size, by application, 2018-2030 (US$M)
Japan High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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