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Global High Purity Pig Iron Market to reach USD 15.73 billion by the end of 2029.

Global High Purity Pig Iron Market Size study & Forecast, by End User (Automotive & transportation, Energy, Others) and Regional Analysis, 2022-2029

Product Code: CMAM-61667828
Publish Date: 17-10-2022
Page: 200

Global High Purity Pig Iron Market is valued at approximately USD 8.19 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2029. High Purity Pig Iron (HPPI) is a valuable product that has a very high level of purity. It offers high elasticity and tensile strength, which is gaining high traction in various end-use industries. Factors such as rising demand for casting products, growing investments in wind energy installation, and the increasing number of government initiatives are acting as catalyzing factors for the market demand across the globe.

For instance, in September 2021, The Union government of India offered viability gap funding (VGF) or grants for offshore wind and storage projects. The government has aimed to add 30GW of offshore wind energy projects by the year 2030 and several distribution companies carry out renovation and modernization of substations. Therefore, the high investments in wind energy installation are fueling the market demand around the world. Moreover, rising demand from the automobile and construction industries, as well as growing urbanization and industrialization in various emerging countries are leveraging the market growth over the forthcoming years. However, a lack of awareness about high purity pig iron is hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global High Purity Pig Iron Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue, owing to the rising demand for cast products from different industries, and increasing government support. Whereas, Europe is expected to grow significantly during the forecast period. Factors such as the growing focus on the renewable energy sector, as well as increasing demand for lightweight components in vehicles are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Rio Tinto Fer et Titane (RTFT)
Tronox Holdings plc
Richards Bay Minerals (RBM)
Eramet Group
Sesa Goa Iron Ore
Mineral-Loy
China Hanking
Hebei Long Feng Shan Casting Industry Co., Ltd
Benxi Shentie Iron (Group) Co.,Ltd.
Kobe Steel
Recent Developments in the Market:
 In 2021, Reedy Lagoon Corp. publicized the company’s plan to invest in the manufacturing of HPPI under a project named Burracoppin Green HPPI and is determined to create vertical integration in the supply chain. The company expects to target steel makers from Australia, North America, Europe, and Asia.
Global High Purity Pig Iron Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End User:
Automotive & transportation
Energy
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. High Purity Pig Iron Market, by Region, 2019-2029 (USD Billion)
1.2.2. High Purity Pig Iron Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global High Purity Pig Iron Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global High Purity Pig Iron Market Dynamics
3.1. High Purity Pig Iron Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Growing investments in wind energy installation
3.1.1.2. Increasing number of government initiatives
3.1.2. Market Challenges
3.1.2.1. Lack of awareness about high purity pig iron
3.1.3. Market Opportunities
3.1.3.1. Rising demand from the automobile and construction industries
3.1.3.2. Growing urbanization and industrialization in various emerging countries
Chapter 4. Global High Purity Pig Iron Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global High Purity Pig Iron Market, by End User
6.1. Market Snapshot
6.2. Global High Purity Pig Iron Market by End User, Performance – Potential Analysis
6.3. Global High Purity Pig Iron Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
6.4. High Purity Pig Iron Market, Sub Segment Analysis
6.4.1. Automotive & transportation
6.4.2. Energy
6.4.3. Others
Chapter 7. Global High Purity Pig Iron Market, Regional Analysis
7.1. High Purity Pig Iron Market, Regional Market Snapshot
7.2. North America High Purity Pig Iron Market
7.2.1. U.S. High Purity Pig Iron Market
7.2.1.1. End User breakdown estimates & forecasts, 2019-2029
7.2.2. Canada High Purity Pig Iron Market
7.3. Europe High Purity Pig Iron Market Snapshot
7.3.1. U.K. High Purity Pig Iron Market
7.3.2. Germany High Purity Pig Iron Market
7.3.3. France High Purity Pig Iron Market
7.3.4. Spain High Purity Pig Iron Market
7.3.5. Italy High Purity Pig Iron Market
7.3.6. Rest of Europe High Purity Pig Iron Market
7.4. Asia-Pacific High Purity Pig Iron Market Snapshot
7.4.1. China High Purity Pig Iron Market
7.4.2. India High Purity Pig Iron Market
7.4.3. Japan High Purity Pig Iron Market
7.4.4. Australia High Purity Pig Iron Market
7.4.5. South Korea High Purity Pig Iron Market
7.4.6. Rest of Asia Pacific High Purity Pig Iron Market
7.5. Latin America High Purity Pig Iron Market Snapshot
7.5.1. Brazil High Purity Pig Iron Market
7.5.2. Mexico High Purity Pig Iron Market
7.6. Rest of The World High Purity Pig Iron Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Rio Tinto Fer et Titane (RTFT)
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Tronox Holdings plc
8.2.3. Richards Bay Minerals (RBM)
8.2.4. Eramet Group
8.2.5. Sesa Goa Iron Ore
8.2.6. Mineral-Loy
8.2.7. China Hanking
8.2.8. Hebei Long Feng Shan Casting Industry Co., Ltd
8.2.9. Benxi Shentie Iron (Group) Co.,Ltd.
8.2.10. Kobe Steel
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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