South Korea High Purity Pig Iron Market Size & Outlook
South Korea high purity pig iron market, 2018-2030 (US$M)
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South Korea high purity pig iron market highlights
- The South Korea high purity pig iron market generated a revenue of USD 10.5 million in 2021 and is expected to reach USD 22.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.6% 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 10.5 million |
| Market revenue in 2030 | USD 22.1 million |
| Growth rate | 8.6% (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 Korea accounted for 1.0% 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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South Korea 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 51.43% in 2021. Horizon Databook has segmented the South Korea 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 South Korea is anticipated to witness significant growth in the coming years owing to increasing investments in offshore wind energy plants in the country. The government of the country plans to invest approximately USD 43.2 billion to develop 8.2 GW offshore wind energy generation capacity by 2030.
In July 2021, the country announced a stimulus package named Korean New Deal 2.0. Under this package, the Government of South Korea is expected to invest USD 191 billion in the adoption of digital technologies and conduct of green energy generation projects in the country by 2025.
The estimated construction cost of this city is USD 195.0 million, and it is anticipated to house approximately 10,000 Similar projects are expected to increase the demand for pipes & fittings in the country that is anticipated to positively influence the growth of high purity pig iron market in South Korea in the coming years.
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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 South Korea high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into South Korea high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea high purity pig iron market size, by application, 2018-2030 (US$M)
South Korea High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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