Japan Iron Ore Pellets Market Size & Outlook, 2023-2030
Japan iron ore pellets market, 2018-2030 (US$M)
Related Markets
Japan iron ore pellets market highlights
- The Japan iron ore pellets market generated a revenue of USD 2,129.8 million in 2023 and is expected to reach USD 2,973.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, bf pellet was the largest revenue generating product in 2023.
- DR Pellet is the most lucrative product segment registering the fastest growth during the forecast period.
Iron ore pellets market data book summary
| Market revenue in 2023 | USD 2,129.8 million |
| Market revenue in 2030 | USD 2,973.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Bf pellet |
| Fastest growing segment | DR Pellet |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 3.8% of the global iron ore pellets market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iron ore pellets market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 30,010.5 million by 2030.
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Iron Ore Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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.
Bf pellet was the largest segment with a revenue share of 66.14% in 2023. Horizon Databook has segmented the Japan iron ore pellets market based on bf pellet, dr pellet covering the revenue growth of each sub-segment from 2018 to 2030.
The construction sector in the country is anticipated to fall due to a rise in marginal costs and labor shortages. Also, the rise in housing prices has put downward pressure on purchasing.
However, the country is anticipated to witness a rise in auto production, which is expected to benefit steel demand in the country, and, thus, its production. Growth in steel production is expected to aid iron ore pellets demand in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan iron ore pellets market , including forecasts for subscribers. This country databook contains high-level insights into Japan iron ore pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan iron ore pellets market outlook size, by product, 2018-2030 (US$M)
Japan Iron Ore Pellets Market Outlook Share, 2023 & 2030 (US$M)
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