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Global Sponge Iron Market Research Report 2024
Synopsis
Sponge iron is a metallic product produced through the direct reduction of iron ore in the strong state.
The global Sponge Iron market was valued at US$ 726 million in 2023 and is anticipated to reach US$ 1084.1 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
North American market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Sponge Iron include Mobarakeh Steel Company, Tata Sponge, Welspun Group, Jindal Steel & Power Ltd, Umesh Modi Group, Prakash Industries Limited, Sajjan, Bhushan and Sarda Energy & Minerals Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Sponge Iron, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sponge Iron.
Report Scope
The Sponge Iron market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Sponge Iron market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Sponge Iron manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Mobarakeh Steel Company
Tata Sponge
Welspun Group
Jindal Steel & Power Ltd
Umesh Modi Group
Prakash Industries Limited
Sajjan
Bhushan
Sarda Energy & Minerals Limited
Qatar Steel
Gallantt
NMDC
United Raw Materials
ArcelorMittal
KhorasanSteel
Segment by Type
Gas-Based Direct Reduction Iron
Coal-Based Direct Reduction Iron
Segment by Application
Metallurgical Industry
Steel Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Sponge Iron manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Sponge Iron by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Sponge Iron in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Sponge iron is a metallic product produced through the direct reduction of iron ore in the strong state.
The global Sponge Iron market was valued at US$ 726 million in 2023 and is anticipated to reach US$ 1084.1 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
North American market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Sponge Iron is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Sponge Iron include Mobarakeh Steel Company, Tata Sponge, Welspun Group, Jindal Steel & Power Ltd, Umesh Modi Group, Prakash Industries Limited, Sajjan, Bhushan and Sarda Energy & Minerals Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Sponge Iron, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sponge Iron.
Report Scope
The Sponge Iron market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Sponge Iron market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Sponge Iron manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Mobarakeh Steel Company
Tata Sponge
Welspun Group
Jindal Steel & Power Ltd
Umesh Modi Group
Prakash Industries Limited
Sajjan
Bhushan
Sarda Energy & Minerals Limited
Qatar Steel
Gallantt
NMDC
United Raw Materials
ArcelorMittal
KhorasanSteel
Segment by Type
Gas-Based Direct Reduction Iron
Coal-Based Direct Reduction Iron
Segment by Application
Metallurgical Industry
Steel Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Sponge Iron manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Sponge Iron by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Sponge Iron in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Sponge Iron Market Overview
1.1 Product Definition
1.2 Sponge Iron Segment by Type
1.2.1 Global Sponge Iron Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Gas-Based Direct Reduction Iron
1.2.3 Coal-Based Direct Reduction Iron
1.3 Sponge Iron Segment by Application
1.3.1 Global Sponge Iron Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Metallurgical Industry
1.3.3 Steel Industry
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Sponge Iron Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Sponge Iron Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Sponge Iron Production Estimates and Forecasts (2019-2030)
1.4.4 Global Sponge Iron Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Sponge Iron Production Market Share by Manufacturers (2019-2024)
2.2 Global Sponge Iron Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Sponge Iron, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Sponge Iron Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Sponge Iron Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Sponge Iron, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Sponge Iron, Product Offered and Application
2.8 Global Key Manufacturers of Sponge Iron, Date of Enter into This Industry
2.9 Sponge Iron Market Competitive Situation and Trends
2.9.1 Sponge Iron Market Concentration Rate
2.9.2 Global 5 and 10 Largest Sponge Iron Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Sponge Iron Production by Region
3.1 Global Sponge Iron Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Sponge Iron Production Value by Region (2019-2030)
3.2.1 Global Sponge Iron Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Sponge Iron by Region (2025-2030)
3.3 Global Sponge Iron Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Sponge Iron Production by Region (2019-2030)
3.4.1 Global Sponge Iron Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Sponge Iron by Region (2025-2030)
3.5 Global Sponge Iron Market Price Analysis by Region (2019-2024)
3.6 Global Sponge Iron Production and Value, Year-over-Year Growth
3.6.1 North America Sponge Iron Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Sponge Iron Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Sponge Iron Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Sponge Iron Production Value Estimates and Forecasts (2019-2030)
4 Sponge Iron Consumption by Region
4.1 Global Sponge Iron Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Sponge Iron Consumption by Region (2019-2030)
4.2.1 Global Sponge Iron Consumption by Region (2019-2024)
4.2.2 Global Sponge Iron Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Sponge Iron Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Sponge Iron Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Sponge Iron Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Sponge Iron Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Sponge Iron Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Sponge Iron Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Sponge Iron Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Sponge Iron Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Sponge Iron Production by Type (2019-2030)
5.1.1 Global Sponge Iron Production by Type (2019-2024)
5.1.2 Global Sponge Iron Production by Type (2025-2030)
5.1.3 Global Sponge Iron Production Market Share by Type (2019-2030)
5.2 Global Sponge Iron Production Value by Type (2019-2030)
5.2.1 Global Sponge Iron Production Value by Type (2019-2024)
5.2.2 Global Sponge Iron Production Value by Type (2025-2030)
5.2.3 Global Sponge Iron Production Value Market Share by Type (2019-2030)
5.3 Global Sponge Iron Price by Type (2019-2030)
6 Segment by Application
6.1 Global Sponge Iron Production by Application (2019-2030)
6.1.1 Global Sponge Iron Production by Application (2019-2024)
6.1.2 Global Sponge Iron Production by Application (2025-2030)
6.1.3 Global Sponge Iron Production Market Share by Application (2019-2030)
6.2 Global Sponge Iron Production Value by Application (2019-2030)
6.2.1 Global Sponge Iron Production Value by Application (2019-2024)
6.2.2 Global Sponge Iron Production Value by Application (2025-2030)
6.2.3 Global Sponge Iron Production Value Market Share by Application (2019-2030)
6.3 Global Sponge Iron Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Mobarakeh Steel Company
7.1.1 Mobarakeh Steel Company Sponge Iron Corporation Information
7.1.2 Mobarakeh Steel Company Sponge Iron Product Portfolio
7.1.3 Mobarakeh Steel Company Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Mobarakeh Steel Company Main Business and Markets Served
7.1.5 Mobarakeh Steel Company Recent Developments/Updates
7.2 Tata Sponge
7.2.1 Tata Sponge Sponge Iron Corporation Information
7.2.2 Tata Sponge Sponge Iron Product Portfolio
7.2.3 Tata Sponge Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Tata Sponge Main Business and Markets Served
7.2.5 Tata Sponge Recent Developments/Updates
7.3 Welspun Group
7.3.1 Welspun Group Sponge Iron Corporation Information
7.3.2 Welspun Group Sponge Iron Product Portfolio
7.3.3 Welspun Group Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Welspun Group Main Business and Markets Served
7.3.5 Welspun Group Recent Developments/Updates
7.4 Jindal Steel & Power Ltd
7.4.1 Jindal Steel & Power Ltd Sponge Iron Corporation Information
7.4.2 Jindal Steel & Power Ltd Sponge Iron Product Portfolio
7.4.3 Jindal Steel & Power Ltd Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Jindal Steel & Power Ltd Main Business and Markets Served
7.4.5 Jindal Steel & Power Ltd Recent Developments/Updates
7.5 Umesh Modi Group
7.5.1 Umesh Modi Group Sponge Iron Corporation Information
7.5.2 Umesh Modi Group Sponge Iron Product Portfolio
7.5.3 Umesh Modi Group Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Umesh Modi Group Main Business and Markets Served
7.5.5 Umesh Modi Group Recent Developments/Updates
7.6 Prakash Industries Limited
7.6.1 Prakash Industries Limited Sponge Iron Corporation Information
7.6.2 Prakash Industries Limited Sponge Iron Product Portfolio
7.6.3 Prakash Industries Limited Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Prakash Industries Limited Main Business and Markets Served
7.6.5 Prakash Industries Limited Recent Developments/Updates
7.7 Sajjan
7.7.1 Sajjan Sponge Iron Corporation Information
7.7.2 Sajjan Sponge Iron Product Portfolio
7.7.3 Sajjan Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Sajjan Main Business and Markets Served
7.7.5 Sajjan Recent Developments/Updates
7.8 Bhushan
7.8.1 Bhushan Sponge Iron Corporation Information
7.8.2 Bhushan Sponge Iron Product Portfolio
7.8.3 Bhushan Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Bhushan Main Business and Markets Served
7.7.5 Bhushan Recent Developments/Updates
7.9 Sarda Energy & Minerals Limited
7.9.1 Sarda Energy & Minerals Limited Sponge Iron Corporation Information
7.9.2 Sarda Energy & Minerals Limited Sponge Iron Product Portfolio
7.9.3 Sarda Energy & Minerals Limited Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Sarda Energy & Minerals Limited Main Business and Markets Served
7.9.5 Sarda Energy & Minerals Limited Recent Developments/Updates
7.10 Qatar Steel
7.10.1 Qatar Steel Sponge Iron Corporation Information
7.10.2 Qatar Steel Sponge Iron Product Portfolio
7.10.3 Qatar Steel Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Qatar Steel Main Business and Markets Served
7.10.5 Qatar Steel Recent Developments/Updates
7.11 Gallantt
7.11.1 Gallantt Sponge Iron Corporation Information
7.11.2 Gallantt Sponge Iron Product Portfolio
7.11.3 Gallantt Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Gallantt Main Business and Markets Served
7.11.5 Gallantt Recent Developments/Updates
7.12 NMDC
7.12.1 NMDC Sponge Iron Corporation Information
7.12.2 NMDC Sponge Iron Product Portfolio
7.12.3 NMDC Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.12.4 NMDC Main Business and Markets Served
7.12.5 NMDC Recent Developments/Updates
7.13 United Raw Materials
7.13.1 United Raw Materials Sponge Iron Corporation Information
7.13.2 United Raw Materials Sponge Iron Product Portfolio
7.13.3 United Raw Materials Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.13.4 United Raw Materials Main Business and Markets Served
7.13.5 United Raw Materials Recent Developments/Updates
7.14 ArcelorMittal
7.14.1 ArcelorMittal Sponge Iron Corporation Information
7.14.2 ArcelorMittal Sponge Iron Product Portfolio
7.14.3 ArcelorMittal Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.14.4 ArcelorMittal Main Business and Markets Served
7.14.5 ArcelorMittal Recent Developments/Updates
7.15 KhorasanSteel
7.15.1 KhorasanSteel Sponge Iron Corporation Information
7.15.2 KhorasanSteel Sponge Iron Product Portfolio
7.15.3 KhorasanSteel Sponge Iron Production, Value, Price and Gross Margin (2019-2024)
7.15.4 KhorasanSteel Main Business and Markets Served
7.15.5 KhorasanSteel Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Sponge Iron Industry Chain Analysis
8.2 Sponge Iron Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Sponge Iron Production Mode & Process
8.4 Sponge Iron Sales and Marketing
8.4.1 Sponge Iron Sales Channels
8.4.2 Sponge Iron Distributors
8.5 Sponge Iron Customers
9 Sponge Iron Market Dynamics
9.1 Sponge Iron Industry Trends
9.2 Sponge Iron Market Drivers
9.3 Sponge Iron Market Challenges
9.4 Sponge Iron Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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