Middle East & Africa High Purity Pig Iron Market Size & Outlook
Middle East & Africa high purity pig iron market, 2018-2030 (US$M)
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MEA high purity pig iron market highlights
- The MEA high purity pig iron market generated a revenue of USD 42.5 million in 2021.
- The market is expected to grow at a CAGR of 5.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 42.5 million |
| Market revenue in 2030 | USD 70.6 million |
| Growth rate | 5.8% (CAGR from 2021 to 2030) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Energy |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, MEA region accounted for 3.9% of the global high purity pig iron market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 589.8 million by 2030.
Key Regions: U.S. , Japan , Brazil , South Africa , Iran
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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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Middle East & Africa 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 50.59% in 2021. Horizon Databook has segmented the Middle East & Africa high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
High purity pig iron market in the Middle East & Africa is projected to witness significant growth over the forecast period owing to rising investments in wind power generation and water treatment plants. For instance, in August 2021, the Dubai Electricity & Water Authority (DEWA) project was launched in Dubai to analyze if wind farms can be developed in this city.
Moreover, investments in the wind power generation industry of Saudi Arabia are expected to fuel the growth of high purity pig iron market in this country in the coming years. For instance, in September 2022, the Saudi Power Procurement Company announced the fourth phase of the National Renewable Energy Program of the Energy Industry.
The program comprises three wind energy projects of 1,800 MW. These projects are planned to be executed in three different parts, namely, Yanbu with 700 MW capacity, Al-Ghat with 600 MW, and Waad Al-Shamal with 500 MW capacity.
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Target buyers of Middle East & Africa high purity pig iron market databook
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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 continent-level data and insights on the Middle East & Africa high purity pig iron market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA high purity pig iron market size, by country, 2018-2030 (US$M)
Middle East & Africa High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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