Mining

Global Iron Ore Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 18, 2021 by The Business Research Company

The Global Iron Ore Market Report by The Business Research Company covers iron ore market drivers and restraints, iron ore market size, major players, and the impact of COVID-19 on the iron ore market.

The iron ore market consists of sales of iron ores and concentrates by entities (organizations, sole traders and partnerships) that mine iron ore. The industry includes establishments that develop mine sites, mine and beneficiate iron ore, and produce sinter iron ore, except iron ore produced in iron and steel mills. It also includes producing other iron ore agglomerates and other beneficiation operations such as crushing, grinding, and washing, drying, sintering, concentrating, calcining, and leaching.

The global iron ore market is expected to slightly grow from $130,892.0 million in 2021 to $132,496.9 million in 2023 at a CAGR of 0.6% and decline to $129,444.0 million in 2030.

Government policies that support the iron ore industry are expected to drive the iron ore market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes support through governments public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies.

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Some iron ore market trends include se of robots in the iron ore industry is improving the efficiency and productivity of iron ore mines, and also reduces operational costs. Robotics is significantly increasing mining capabilities by rolling out autonomous trucks and drills, thus reducing the need for human workforce. Robots are used in some critical mining activities such as drilling, blasting explosives in the mines, and guiding and driving off-highway haul trucks operating in mines.

Global iron ore market segments include:

1) By Type Of Ore: Agglomerated Iron Ores, Nonagglomerated Iron Ores And Concentrates

2) By End-Users: Construction, Manufacturing, Others

3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Iron Ore Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides iron ore market overviews, analyzes and forecasts market size, share, iron ore market players, iron ore market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The iron ore identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Iron Ore Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Vale S.A., Rio Tinto, BHP, Fortescue Metals Group Ltd. (FMG), Anglo American Plc

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Iron Ore Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Iron Ore Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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