According to a market report by Lucintel, the future of the global iron ore concentrate market looks promising with opportunities in the sponge iron and magnetic material markets. The global iron ore concentrate market is expected to grow with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are rising demand in the steel industry and growing urbanization, especially in emerging economies.
A more than 150-page report to understand trends, opportunity and forecast in iron ore concentrate market to 2030 by type (magnetic separation, flotation separation, gravity separation, and others), application (sponge iron, magnetic material, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that magnetic separation is expected to witness highest growth over the forecast period due to efficient iron ore extraction.
Within this market, steel production will remain the highest segment due to iron ores role in steelmaking.
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APAC is expected to witness highest growth over the forecast period due to robust steel industry demand in this region.
Metinvest, Metalloinvest, Iron Ore Company, Champion Iron, ERG, ArcelorMittal, Tacora, Fortress Minerals, Mikhailovsky, Lingyuan Iron & Steel are the major suppliers in the iron ore concentrate market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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