South Africa High Purity Pig Iron Market Size & Outlook
South Africa high purity pig iron market, 2018-2030 (US$M)
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South Africa high purity pig iron market highlights
- The South Africa high purity pig iron market generated a revenue of USD 5.1 million in 2021 and is expected to reach USD 9.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.7% 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 5.1 million |
| Market revenue in 2030 | USD 9.1 million |
| Growth rate | 6.7% (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, South Africa accounted for 0.5% 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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South 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 50.98% in 2021. Horizon Databook has segmented the South Africa high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in investments by private players and the presence of favorable government policies for wind energy are anticipated to augment the demand for high purity pig iron in South Africa in the coming years. In the country, approximately 80% of the electricity is produced from coal.
For instance, in December 2021, the Government of South Africa awarded 25 contracts different vendors for renewable energy projects comprising 12 wind farms and 13 photovoltaic plants. These projects are worth USD 2.8 billion and are anticipated to be completed by 2025.
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Target buyers of South 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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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 South Africa high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into South Africa high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa high purity pig iron market size, by application, 2018-2030 (US$M)
South Africa High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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