North America High Purity Pig Iron Market Size & Outlook
North America high purity pig iron market, 2018-2030 (US$M)
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North America high purity pig iron market highlights
- The North America high purity pig iron market generated a revenue of USD 79.3 million in 2021.
- The market is expected to grow at a CAGR of 9% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 79.3 million |
| Market revenue in 2030 | USD 172.6 million |
| Growth rate | 9% (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, North America region accounted for 7.3% 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.
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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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North America 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 50.69% in 2021. Horizon Databook has segmented the North America 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 the region is attributed to increasing investment by governments to replace aging water pipelines, setting up new water infrastructure projects, and installation of new wind energy power plants. This is expected to propel the consumption of ductile cast iron in the region, which is anticipated to augment the consumption of high purity pig iron (HPPI) over the forecast period.
The U.S. is trying to reduce carbon emissions, and to achieve this, the country is investing in renewable energy. In July 2021, the U.S. Senate passed a USD 550 billion clean energy investment bill, of which, USD 73 billion is expected to be set aside for energy generation for solar and wind. Such trends are anticipated to augment the demand for ductile cast iron in wind energy and propel the demand for HPPI over the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America high purity pig iron market , including forecasts for subscribers. This continent databook contains high-level insights into North America high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America high purity pig iron market size, by country, 2018-2030 (US$M)
North America High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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