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Sponge Iron-Global Market Insights and Sales Trends 2025

Sponge Iron-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1808029

No of Pages : 113

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Synopsis
Sponge iron is a metallic product produced through the direct reduction of iron ore in the strong state.
The global Sponge Iron market size is expected to reach US$ 1084.1 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Sponge Iron in various end use industries. The expanding demands from the Metallurgical Industry, Steel Industry and Others,, are propelling Sponge Iron market. Gas-Based Direct Reduction Iron, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Coal-Based Direct Reduction Iron segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Sponge Iron market, driven by demand from China, the second largest economy with some signs of stabilising, the Sponge Iron market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sponge Iron, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sponge Iron market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sponge Iron market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sponge Iron sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sponge Iron covered in this report include Mobarakeh Steel Company, Tata Sponge, Welspun Group, Jindal Steel & Power Ltd, Umesh Modi Group, Prakash Industries Limited, Sajjan, Bhushan and Sarda Energy & Minerals Limited, etc.
The global Sponge Iron market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Mobarakeh Steel Company
Tata Sponge
Welspun Group
Jindal Steel & Power Ltd
Umesh Modi Group
Prakash Industries Limited
Sajjan
Bhushan
Sarda Energy & Minerals Limited
Qatar Steel
Gallantt
NMDC
United Raw Materials
ArcelorMittal
KhorasanSteel
Global Sponge Iron market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sponge Iron market, Segment by Type:
Gas-Based Direct Reduction Iron
Coal-Based Direct Reduction Iron
Global Sponge Iron market, by Application
Metallurgical Industry
Steel Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sponge Iron manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sponge Iron in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Sponge Iron Market Overview
1.1 Sponge Iron Product Overview
1.2 Sponge Iron Market Segment by Type
1.2.1 Gas-Based Direct Reduction Iron
1.2.2 Coal-Based Direct Reduction Iron
1.3 Global Sponge Iron Market Size by Type
1.3.1 Global Sponge Iron Market Size Overview by Type (2018-2029)
1.3.2 Global Sponge Iron Historic Market Size Review by Type (2018-2023)
1.3.3 Global Sponge Iron Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Sponge Iron Sales Breakdown by Type (2018-2023)
1.4.2 Europe Sponge Iron Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Sponge Iron Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Sponge Iron Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Sponge Iron Sales Breakdown by Type (2018-2023)
2 Global Sponge Iron Market Competition by Company
2.1 Global Top Players by Sponge Iron Sales (2018-2023)
2.2 Global Top Players by Sponge Iron Revenue (2018-2023)
2.3 Global Top Players by Sponge Iron Price (2018-2023)
2.4 Global Top Manufacturers Sponge Iron Manufacturing Base Distribution, Sales Area, Product Type
2.5 Sponge Iron Market Competitive Situation and Trends
2.5.1 Sponge Iron Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Sponge Iron Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Sponge Iron as of 2022)
2.7 Date of Key Manufacturers Enter into Sponge Iron Market
2.8 Key Manufacturers Sponge Iron Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Sponge Iron Status and Outlook by Region
3.1 Global Sponge Iron Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Sponge Iron Historic Market Size by Region
3.2.1 Global Sponge Iron Sales in Volume by Region (2018-2023)
3.2.2 Global Sponge Iron Sales in Value by Region (2018-2023)
3.2.3 Global Sponge Iron Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Sponge Iron Forecasted Market Size by Region
3.3.1 Global Sponge Iron Sales in Volume by Region (2024-2029)
3.3.2 Global Sponge Iron Sales in Value by Region (2024-2029)
3.3.3 Global Sponge Iron Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Sponge Iron by Application
4.1 Sponge Iron Market Segment by Application
4.1.1 Metallurgical Industry
4.1.2 Steel Industry
4.1.3 Others
4.2 Global Sponge Iron Market Size by Application
4.2.1 Global Sponge Iron Market Size Overview by Application (2018-2029)
4.2.2 Global Sponge Iron Historic Market Size Review by Application (2018-2023)
4.2.3 Global Sponge Iron Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Sponge Iron Sales Breakdown by Application (2018-2023)
4.3.2 Europe Sponge Iron Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Sponge Iron Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Sponge Iron Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Sponge Iron Sales Breakdown by Application (2018-2023)
5 North America Sponge Iron by Country
5.1 North America Sponge Iron Historic Market Size by Country
5.1.1 North America Sponge Iron Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Sponge Iron Sales in Volume by Country (2018-2023)
5.1.3 North America Sponge Iron Sales in Value by Country (2018-2023)
5.2 North America Sponge Iron Forecasted Market Size by Country
5.2.1 North America Sponge Iron Sales in Volume by Country (2024-2029)
5.2.2 North America Sponge Iron Sales in Value by Country (2024-2029)
6 Europe Sponge Iron by Country
6.1 Europe Sponge Iron Historic Market Size by Country
6.1.1 Europe Sponge Iron Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Sponge Iron Sales in Volume by Country (2018-2023)
6.1.3 Europe Sponge Iron Sales in Value by Country (2018-2023)
6.2 Europe Sponge Iron Forecasted Market Size by Country
6.2.1 Europe Sponge Iron Sales in Volume by Country (2024-2029)
6.2.2 Europe Sponge Iron Sales in Value by Country (2024-2029)
7 Asia-Pacific Sponge Iron by Region
7.1 Asia-Pacific Sponge Iron Historic Market Size by Region
7.1.1 Asia-Pacific Sponge Iron Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Sponge Iron Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Sponge Iron Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Sponge Iron Forecasted Market Size by Region
7.2.1 Asia-Pacific Sponge Iron Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Sponge Iron Sales in Value by Region (2024-2029)
8 Latin America Sponge Iron by Country
8.1 Latin America Sponge Iron Historic Market Size by Country
8.1.1 Latin America Sponge Iron Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Sponge Iron Sales in Volume by Country (2018-2023)
8.1.3 Latin America Sponge Iron Sales in Value by Country (2018-2023)
8.2 Latin America Sponge Iron Forecasted Market Size by Country
8.2.1 Latin America Sponge Iron Sales in Volume by Country (2024-2029)
8.2.2 Latin America Sponge Iron Sales in Value by Country (2024-2029)
9 Middle East and Africa Sponge Iron by Country
9.1 Middle East and Africa Sponge Iron Historic Market Size by Country
9.1.1 Middle East and Africa Sponge Iron Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Sponge Iron Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Sponge Iron Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Sponge Iron Forecasted Market Size by Country
9.2.1 Middle East and Africa Sponge Iron Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Sponge Iron Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Mobarakeh Steel Company
10.1.1 Mobarakeh Steel Company Company Information
10.1.2 Mobarakeh Steel Company Introduction and Business Overview
10.1.3 Mobarakeh Steel Company Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Mobarakeh Steel Company Sponge Iron Products Offered
10.1.5 Mobarakeh Steel Company Recent Development
10.2 Tata Sponge
10.2.1 Tata Sponge Company Information
10.2.2 Tata Sponge Introduction and Business Overview
10.2.3 Tata Sponge Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tata Sponge Sponge Iron Products Offered
10.2.5 Tata Sponge Recent Development
10.3 Welspun Group
10.3.1 Welspun Group Company Information
10.3.2 Welspun Group Introduction and Business Overview
10.3.3 Welspun Group Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Welspun Group Sponge Iron Products Offered
10.3.5 Welspun Group Recent Development
10.4 Jindal Steel & Power Ltd
10.4.1 Jindal Steel & Power Ltd Company Information
10.4.2 Jindal Steel & Power Ltd Introduction and Business Overview
10.4.3 Jindal Steel & Power Ltd Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Jindal Steel & Power Ltd Sponge Iron Products Offered
10.4.5 Jindal Steel & Power Ltd Recent Development
10.5 Umesh Modi Group
10.5.1 Umesh Modi Group Company Information
10.5.2 Umesh Modi Group Introduction and Business Overview
10.5.3 Umesh Modi Group Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Umesh Modi Group Sponge Iron Products Offered
10.5.5 Umesh Modi Group Recent Development
10.6 Prakash Industries Limited
10.6.1 Prakash Industries Limited Company Information
10.6.2 Prakash Industries Limited Introduction and Business Overview
10.6.3 Prakash Industries Limited Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Prakash Industries Limited Sponge Iron Products Offered
10.6.5 Prakash Industries Limited Recent Development
10.7 Sajjan
10.7.1 Sajjan Company Information
10.7.2 Sajjan Introduction and Business Overview
10.7.3 Sajjan Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sajjan Sponge Iron Products Offered
10.7.5 Sajjan Recent Development
10.8 Bhushan
10.8.1 Bhushan Company Information
10.8.2 Bhushan Introduction and Business Overview
10.8.3 Bhushan Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Bhushan Sponge Iron Products Offered
10.8.5 Bhushan Recent Development
10.9 Sarda Energy & Minerals Limited
10.9.1 Sarda Energy & Minerals Limited Company Information
10.9.2 Sarda Energy & Minerals Limited Introduction and Business Overview
10.9.3 Sarda Energy & Minerals Limited Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Sarda Energy & Minerals Limited Sponge Iron Products Offered
10.9.5 Sarda Energy & Minerals Limited Recent Development
10.10 Qatar Steel
10.10.1 Qatar Steel Company Information
10.10.2 Qatar Steel Introduction and Business Overview
10.10.3 Qatar Steel Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Qatar Steel Sponge Iron Products Offered
10.10.5 Qatar Steel Recent Development
10.11 Gallantt
10.11.1 Gallantt Company Information
10.11.2 Gallantt Introduction and Business Overview
10.11.3 Gallantt Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Gallantt Sponge Iron Products Offered
10.11.5 Gallantt Recent Development
10.12 NMDC
10.12.1 NMDC Company Information
10.12.2 NMDC Introduction and Business Overview
10.12.3 NMDC Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.12.4 NMDC Sponge Iron Products Offered
10.12.5 NMDC Recent Development
10.13 United Raw Materials
10.13.1 United Raw Materials Company Information
10.13.2 United Raw Materials Introduction and Business Overview
10.13.3 United Raw Materials Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.13.4 United Raw Materials Sponge Iron Products Offered
10.13.5 United Raw Materials Recent Development
10.14 ArcelorMittal
10.14.1 ArcelorMittal Company Information
10.14.2 ArcelorMittal Introduction and Business Overview
10.14.3 ArcelorMittal Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.14.4 ArcelorMittal Sponge Iron Products Offered
10.14.5 ArcelorMittal Recent Development
10.15 KhorasanSteel
10.15.1 KhorasanSteel Company Information
10.15.2 KhorasanSteel Introduction and Business Overview
10.15.3 KhorasanSteel Sponge Iron Sales, Revenue and Gross Margin (2018-2023)
10.15.4 KhorasanSteel Sponge Iron Products Offered
10.15.5 KhorasanSteel Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Sponge Iron Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Sponge Iron Industrial Chain Analysis
11.4 Sponge Iron Market Dynamics
11.4.1 Sponge Iron Industry Trends
11.4.2 Sponge Iron Market Drivers
11.4.3 Sponge Iron Market Challenges
11.4.4 Sponge Iron Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Sponge Iron Distributors
12.3 Sponge Iron Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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