U.S. High Purity Pig Iron Market Size & Outlook, 2021-2030
U.S. high purity pig iron market, 2018-2030 (US$M)
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U.S. high purity pig iron market highlights
- The U.S. high purity pig iron market generated a revenue of USD 59.1 million in 2021 and is expected to reach USD 129.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.2% 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 59.1 million |
| Market revenue in 2030 | USD 129.9 million |
| Growth rate | 9.2% (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, U.S. accounted for 5.5% 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 North America, U.S. high purity pig iron market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 129.9 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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U.S. 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 50.76% in 2021. Horizon Databook has segmented the U.S. high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is the largest market of high purity pig iron in North America. The increasing number of projects related to sanitization, sewage, wastewater treatment, drinking water, and replacing old pipelines is expected to propel the demand for ductile cast iron pipes, which is expected to drive the demand for HPPI over the forecast period.
This surging expenditure on utilities can be attributed to the deteriorating and aging infrastructures. In March 2022, the U.S. Environmental Protection Agency (EPA) announced a fund worth USD 50 billion for the development of clean water infrastructures owing to the rising concerns about the exposure of certain communities to unsafe and polluted water.
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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 U.S. high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into U.S. high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. high purity pig iron market size, by application, 2018-2030 (US$M)
U.S. High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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