Global Iron Ore Market 2022-2026

Global Iron Ore Market 2022-2026

Technavio has been monitoring the iron ore market and it is poised to grow by 445.76 mn MT during 2022-2026, progressing at a CAGR of 3.60% during the forecast period. Our report on the iron ore market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased seaborne iron ore trade and high production volumes from Australia, Brazil, and China. In addition, increased seaborne iron ore trade is anticipated to boost the growth of the market as well.

The iron ore market analysis includes the product segment and geographic landscape.

Technavio's iron ore market is segmented as below:

By Product

  • Fines
  • Pellets
  • Lump
  • HBI or DRI
By Geographical Landscape
  • APAC
  • Europe
  • South America
  • MEA
  • North America
This study identifies the high demand for steel from various end-user industriesas one of the prime reasons driving the iron ore market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on iron ore market covers the following areas:
  • Iron ore market sizing
  • Iron ore market forecast
  • Iron ore market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading iron ore market vendors that include Anglo American Plc, ArcelorMittal SA, Atlas Iron Pty Ltd., BHP Group plc, Fortescue Metals Group Ltd., Luossavaara Kiirunavaara AB, Metinvest B.V, Rio Tinto Ltd., The SIMEC Group, and Vale SA. Also, the iron ore market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Parent Market
        • Table Parent market
        • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis : Steel
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Support activities
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2021 - 2026 (million MT)
        • Table Global market: Year-over-year growth 2021 - 2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2021 & 2026
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2021
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2021-2026 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Fines - Market size and forecast 2021-2026
      • Table Fines - Market size and forecast 2021-2026 (million MT)
      • Table Fines - Year-over-year growth 2021-2026 (%)
    • Pellets - Market size and forecast 2021-2026
      • Table Pellets - Market size and forecast 2021-2026 (million MT)
      • Table Pellets - Year-over-year growth 2021-2026 (%)
    • Lump - Market size and forecast 2021-2026
      • Table Lump - Market size and forecast 2021-2026 (million MT)
      • Table Lump - Year-over-year growth 2021-2026 (%)
    • HBI or DRI - Market size and forecast 2021-2026
      • Table HBI or DRI - Market size and forecast 2021-2026 (million MT)
      • Table HBI or DRI - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2021-2026
      • Table APAC - Market size and forecast 2021-2026 (million MT)
      • Table APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Europe - Market size and forecast 2021-2026 (million MT)
      • Table Europe - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table South America - Market size and forecast 2021-2026 (million MT)
      • Table South America - Year-over-year growth 2021-2026 (%)
    • MEA - Market size and forecast 2021-2026
      • Table MEA - Market size and forecast 2021-2026 (million MT)
      • Table MEA - Year-over-year growth 2021-2026 (%)
    • North America - Market size and forecast 2021-2026
      • Table North America - Market size and forecast 2021-2026 (million MT)
      • Table North America - Year-over-year growth 2021-2026 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increased seaborne iron ore trade
      • High production volumes from Australia, Brazil and China
      • High demand for steel from various end-user industries
    • Market challenges
      • High capital investment market
      • Growing preference for carbon fiber in automotive applications
      • Volatility in iron ore prices
        • Table Impact of drivers and challenges
    • Market trends
      • Increasing production capacities and new plants in emerging market
      • Increased penetration of steel in industrial applications
      • Surge in consumption of cast iron products in the renewable energy segment
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Anglo American Plc
      • Table Anglo American Plc - Overview
      • Table Anglo American Plc - Business segments
      • Table Anglo American Plc - Key news
      • Table Anglo American Plc - Key offerings
      • Table Anglo American Plc - Segment focus
    • ArcelorMittal SA
      • Table ArcelorMittal SA - Overview
      • Table ArcelorMittal SA - Business segments
      • Table ArcelorMittal SA - Key news
      • Table ArcelorMittal SA - Key offerings
      • Table ArcelorMittal SA - Segment focus
    • Atlas Iron Pty Ltd.
      • Table Atlas Iron Pty Ltd. - Overview
      • Table Atlas Iron Pty Ltd. - Product and service
      • Table Atlas Iron Pty Ltd. - Key offerings
    • BHP Group plc
      • Table BHP Group plc - Overview
      • Table BHP Group plc - Business segments
      • Table BHP Group plc - Key offerings
      • Table BHP Group plc - Segment focus
    • Fortescue Metals Group Ltd.
      • Table Fortescue Metals Group Ltd. - Overview
      • Table Fortescue Metals Group Ltd. - Product and service
      • Table Fortescue Metals Group Ltd. - Key offerings
    • Luossavaara Kiirunavaara AB
      • Table Luossavaara Kiirunavaara AB - Overview
      • Table Luossavaara Kiirunavaara AB - Business segments
      • Table Luossavaara Kiirunavaara AB - Key news
      • Table Luossavaara Kiirunavaara AB - Key offerings
      • Table Luossavaara Kiirunavaara AB - Segment focus
    • Metinvest B.V
      • Table Metinvest B.V - Overview
      • Table Metinvest B.V - Business segments
      • Table Metinvest B.V - Key offerings
      • Table Metinvest B.V - Segment focus
    • Rio Tinto Ltd.
      • Table Rio Tinto Ltd. - Overview
      • Table Rio Tinto Ltd. - Business segments
      • Table Rio Tinto Ltd. - Key news
      • Table Rio Tinto Ltd. - Key offerings
      • Table Rio Tinto Ltd. - Segment focus
    • The SIMEC Group
      • Table The SIMEC Group - Overview
      • Table The SIMEC Group - Product and service
      • Table The SIMEC Group - Key offerings
    • Vale SA
      • Table Vale SA - Overview
      • Table Vale SA - Business segments
      • Table Vale SA - Key news
      • Table Vale SA - Key offerings
      • Table Vale SA - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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