Europe Iron Ore Pellets Market Size & Outlook, 2023-2030
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Europe iron ore pellets market highlights
- The Europe iron ore pellets market generated a revenue of USD 12,285.1 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, dr pellet was the largest revenue generating product in 2023.
- BF Pellet is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 12,285.1 million |
| Market revenue in 2030 | USD 16,621.4 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Dr pellet |
| Fastest growing segment | BF Pellet |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BF Pellet, DR Pellet |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Cleveland-Cliffs Inc, Ferrexpo PLC, Rio Tinto PLC ADR, Vale SA ADR, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.9% of the global iron ore pellets market in 2023.
- Globally, Asia Pacific 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 46,775.9 million by 2030.
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Iron Ore Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ferrexpo PLC | View profile | 8000 | 55 St. James’s Street, London, United Kingdom, SW1A 1LA | https://www.ferrexpo.com |
| Rio Tinto PLC ADR | View profile | 57174 | 6 St James’s Square, London, United Kingdom, SW1Y 4AD | https://www.riotinto.com |
| Vale SA ADR | View profile | 66807 | Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, Brazil, 22250-145 | https://www.vale.com |
| Cleveland-Cliffs Inc | View profile | 28000 | 200 Public Square, Suite 3300, Cleveland, OH, United States, 44114-2315 | https://www.clevelandcliffs.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
Europe iron ore pellets 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 iron ore pellets market will help companies and investors design strategic landscapes.
Dr pellet was the largest segment with a revenue share of 57.59% in 2023. Horizon Databook has segmented the Europe iron ore pellets market based on bf pellet, dr pellet covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, Europe observed the commencement of a number of projects to produce low-carbon steel. The governments in the region are focused on the reduction of CO2 emissions. The European Union is also planning to introduce changes in Waste Shipment Regulation by 2024.
The changes may include environmental concerns associated with exports of scrap, thus putting pressure on exports of scrap to non-OECD countries. Moreover, the European Union also has plans to cut emissions by 30% under its decarbonization project.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe iron ore pellets market , including forecasts for subscribers. This continent databook contains high-level insights into Europe iron ore pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe iron ore pellets market outlook size, by country, 2018-2030 (US$M)
Europe Iron Ore Pellets Market Outlook Share, 2023 & 2030 (US$M)
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