Latest Ansteel Group News
Sep 16, 2023
| Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA and more among key companies- Technavio News provided by Share this article Share toX NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The iron ore market size is expected to grow by USD 51 billion from 2022 to 2027, accelerating at a CAGR of 2.93%. The increase in consumption of high-strength iron ore and steel is notably driving the iron ore market. However, factor such as the high capital investment market may impede market growth. Technavio's report provides a detailed analysis of 20 companies operating in the iron ore market including Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA, Atlas Iron Pty Ltd., BCI Minerals Ltd., BHP Group plc, China Hanking Holdings Ltd., Cleveland Cliffs Inc., Eurasian Resources Group Sarl, Ferrexpo Plc, Fortescue Metals Group Ltd., GFG Alliance, KIOCL Ltd., Luossavaara Kiirunavaara AB, Metinvest BV, Mideast Integrated Steel Ltd., Mount Gibson Iron Ltd., NMDC Ltd., Rio Tinto Ltd., and Vale SA. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report Middle East and Africa Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report Iron Ore Market 2023-2027: Market Dynamics Market Drivers – The increase in usage of durable iron ore and steel is a key factor driving the market growth. Market Trends – China's and India's economic growth is boosting the demand for stainless steel which is a major trend shaping the market growth. Market Challenges – Rising preference for carbon fiber in automotive applications is a major challenge hindering market growth. Iron Ore Market 2023-2027: Regional Analysis The Asia-Pacific (APAC) region is expected to be a major driver of global iron ore market growth, contributing around 84% during the forecast period. This growth is primarily due to increased demand for iron ore in APAC, driven by industrialization, infrastructure projects, and rising steel needs in countries like Indonesia, South Korea, and India. Government has taken steps to increase the steel production further to support this demand, especially in India, which is becoming a significant global player in crude steel manufacturing. Iron Ore Market 2023-2027: Key Highlights Historic Market Size 2017-2021 CAGR of the market during 2023-2027 Detailed information on factors that will assist iron ore market growth during the next five years Estimation of the iron ore market size and its contribution to the parent market Forecasts on upcoming trends and changes in consumer behavior The growth of the iron ore market Analysis of the competitive landscape and detailed information on companies Comprehensive details of factors that will impede the growth of iron ore market companies Related Reports: Stainless Steel Market : The stainless steel market is estimated to grow at a CAGR of 3.38% between 2022 and 2027. The size of the market is forecasted to increase by 10,299.64 thousand tons. Bentonite Market: The bentonite market share is expected to increase by USD 401.92 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.86%. Iron Ore Market Scope Key companies profiled Anglo American plc, Ansteel Group Corp. Ltd., ArcelorMittal SA, Atlas Iron Pty Ltd., BCI Minerals Ltd., BHP Group plc, China Hanking Holdings Ltd., Cleveland Cliffs Inc., Eurasian Resources Group Sarl, Ferrexpo Plc, Fortescue Metals Group Ltd., GFG Alliance, KIOCL Ltd., Luossavaara Kiirunavaara AB, Metinvest BV, Mideast Integrated Steel Ltd., Mount Gibson Iron Ltd., NMDC Ltd., Rio Tinto Ltd., and Vale SA Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents: About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts
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