Turkey High Purity Pig Iron Market Size & Outlook
Turkey high purity pig iron market, 2018-2030 (US$M)
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Turkey high purity pig iron market highlights
- The Turkey high purity pig iron market generated a revenue of USD 43.1 million in 2021 and is expected to reach USD 91.5 million by 2030.
- The Turkey market is expected to grow at a CAGR of 8.7% 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 43.1 million |
| Market revenue in 2030 | USD 91.5 million |
| Growth rate | 8.7% (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, Turkey accounted for 4.0% 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 Europe, Germany high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 522.0 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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Turkey 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 50.81% in 2021. Horizon Databook has segmented the Turkey 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 market in Turkey can be attributed to increasing investments by the government and private players to set up new wind energy based power generation plants in the country. According to the Wind Europe report, in Europe Turkey ranked fourth in terms of the installation of wind power generation plants in 2021.
The country reached 1.4 gigawatts of wind energy capacity in 2021 and the capacity is projected to increase further in the coming years. In October 2022, Enerjisa Uretim and Enercon announced the installation of a 1 GW wind power generation capacity at the YEKA RES II project in Turkey.
The project is projected to be completed by 2024. Increasing investments in wind energy projects are expected to fuel the demand for ductile iron castings in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Turkey high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey high purity pig iron market size, by application, 2018-2030 (US$M)
Turkey High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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