UK Iron Ore Pellets Market Size & Outlook, 2023-2030
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UK iron ore pellets market highlights
- The UK iron ore pellets market generated a revenue of USD 236.7 million in 2023 and is expected to reach USD 304.2 million by 2030.
- The UK market is expected to grow at a CAGR of 3.6% 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 236.7 million |
| Market revenue in 2030 | USD 304.2 million |
| Growth rate | 3.6% (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, UK accounted for 0.4% 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 Europe, Russia iron ore pellets 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 2,541.9 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 |
UK 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 75.12% in 2023. Horizon Databook has segmented the UK iron ore pellets market based on bf pellet, dr pellet covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of iron ore pellets 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 UK iron ore pellets market , including forecasts for subscribers. This country databook contains high-level insights into UK iron ore pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK Product - Iron Ore Pellets Market size, 2023 - 2030 (US$M)
UK Iron Ore Pellets Market Outlook Share, 2023 & 2030 (US$M)
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