Iron ore is a relatively abundant metallic element (it composes about 5% of the Earth’s crust) and the main raw material used in steelmaking. Around 98% of global mined iron ore is used to make pig iron, which is an intermediate product of the steel-making process. The remaining 2% is used in several applications, such as production of cement, printing inks, plastics, cosmetics (eye shadow), artistic colors, fertilizer ingredients, and pigments. Currently, iron ore is mined in over 50 countries; however, the bulk of production comes from Australia, Brazil and China.
This report contains market size and forecasts of Iron Ore in global, including the following market information:
Global Iron Ore Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Iron Ore Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Iron Ore companies in 2021 (%)
The global Iron Ore market was valued at 187110 million in 2021 and is projected to reach US$ 157940 million by 2028, at a CAGR of -2.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sinter feed Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Iron Ore include Rio Tinto, Vale, BHP, FMG, HPPL, Anglo American, ArcelorMittal, Ansteel Mining and NMDC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Iron Ore manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Iron Ore Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, by Type, 2021 (%)
Sinter feed
Pellet feed
Lump
Pellet
Global Iron Ore Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, by Application, 2021 (%)
Cold-rolled Sheet
Hot-Rolled Sheet
Rod and Wires
Pipes
Ingots and Semi-finished Steel
Others
Global Iron Ore Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Iron Ore Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Iron Ore revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Iron Ore revenues share in global market, 2021 (%)
Key companies Iron Ore sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Iron Ore sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Rio Tinto
Vale
BHP
FMG
HPPL
Anglo American
ArcelorMittal
Ansteel Mining
NMDC
Metinvest
LKAB
Metalloinvest
CSN
NLMK
MRL
CAP
Severstal
EVRAZ
Cleveland-Cliffs
Ferrexpo
SSGPO
HBIS Resources
Huaxia Jianlong
Hainan Mining
Dazhong Mining
IRC
Jinling
Hanking