Merchant Pig Iron Market Size, Share, Growth Analysis Report By Type (Basic Pig Iron, Foundry Pig Iron, High Purity Pig Iron), By Production Facility (Dedicated Merchant Plants, Integrated Steel Mills), By End-Use Industry (Automotive, Engineering and Industrial, Power Generation, Pipes and Fittings, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030


Report Code: CMI11441

Published Date: July 2022

Pages: 220

Category: Chemicals And Materials

Reports Description

The Global Merchant Pig Iron Market size was estimated at USD 60.5 billion in 2021 and is anticipated to reach around USD 132.5 billion by 2030, growing at a CAGR of roughly 9% between 2022 and 2030. Our research report offers a 360-degree view of the Merchant Pig Iron market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Merchant Pig Iron market

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Merchant Pig Iron Market: Overview

Merchant Pig Iron is produced at dedicated merchant plants or integrated steel mills. It is cold pig iron, which is cast into ingots and is purchased as feedstock by third parties for ferrous and steel casting industries. There are three types of Merchant Pig Iron: basic pig iron, foundry pig iron, and high purity pig iron. Sub-types include semi-modular and low manganese basic pig iron.

Merchant Pig Iron Market: COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic resulted in affected economies and industries in several countries owing to travel bans, lockdowns, and business shutdowns. The metal industry is also one of the key industries which suffered serious supply chain disruptions owing to trade restrictions and the temporary cease of manufacturing operations. The overall global supply chain disruption destructively impacted the manufacturing, sales, and delivery schedules. Thus, the market witnessed a sharp drop in 2020. However, after the revocation of the preventive measures, the market is experiencing tremendous growth and is anticipated to show a similar trend during the forecast period.

Merchant Pig Iron Market

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Merchant Pig Iron Market: Growth Drivers

Robust steel demand is influencing the market growth

The demand for steel is constantly increasing as it is one of the significant metals used in industries, such as shipbuilding, building construction, car manufacturing, industrial equipment manufacturing, and others. Merchant Pig Iron is a key material required for steel production. Since, Merchant Pig Iron providers play a prime role in the steel industry’s growth, the rise in demand for steel influences the demand for Merchant Pig Iron.

The rise in demand for casting compounds

The Merchant Pig Iron molds are used in the manufacture of ductile iron casting. Thus, its application is widespread in cast iron compounds manufacturing in automotive, engineering, and energy industries. It helps in reducing the cost of scrap, which in turn helps in reducing storage space and improves the final casting composition. Thus, the rise in demand for casting compounds boosts the market for Merchant Pig Iron.

Merchant Pig Iron Market: Segmentation Analysis

In our research scope, the merchant pig iron market is segmented into type, production facility, and end-use industry. By type, the basic pig iron is estimated to hold the largest market share in 2021. Basic pig iron is commonly used in the process of steel marking in an electric arc furnace. Based on production facility, merchant plants hold the largest share owing to sales of the whole production to third parties. The end-use industry segment is dominated by the engineering and industrial industry, which accounted for nearly 28% market share in 2021.

Merchant pig iron was primarily used for structural engineering applications. One of the significant characteristics of merchant pig iron is that it can be re-melted, which helps in reducing silicon and carbon contents. The end product is more brittle compared to steel and is appropriate for applications, including car parts, machine parts, pipes, steel furniture, and engine blocks.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 60.5 Billion
Projected Market Size in 2030 USD 132.5 Billion
CAGR Growth Rate 9% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Cleveland-Cliffs Inc., Marinetime Iron, DXC Technology Company, Baosteel Co., Ltd., Donetsk Metallurgical Holding, and Others
Key Segment By Type, Production Facility, End-Use Industry, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research. Examine possible purchases

Key Insights:

  • As per the analysis shared by our research analyst, the Merchant Pig Iron market is estimated to grow annually at a CAGR of around 9% over the forecast period (2022-2030).
  • In terms of revenue, the Merchant Pig Iron market size was valued at around USD 60.5 billion in 2021 and is projected to reach USD 132.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on type segmentation, the basic merchant pig iron segment was predicted to show maximum market share in the year 2021.
  • Based on production facility segmentation, the dedicated merchant plants segment was the leading revenue-generating category in 2021.
  • Based on end-user industry segmentation, the engineering and industrial segment was the leading revenue-generating category in 2021.
  • On the basis of geography/region, the North American region was the leading revenue generator in 2021.

Recent Development

  • June 2022: US-based company, Steel Dynamics Inc., announced a joint venture with Aymium.
  • June 2021: Cleveland-Cliffs Inc. canceled its plans to potentially provide merchant pig iron into the US market after its steel mill acquisitions as well as growth into an integrated steelmaker.

Merchant Pig Iron Market

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Regional Landscape

In 2021, the North America region dominated the merchant pig iron market. The growth is driven by high urban development in the US. Also, the rising demand for electric-arc furnaces is boosting the market. Moreover, the presence of aerospace, automotive, and other engineering industries in the region is driving the market.

Asia Pacific region is also expected to witness high growth. For instance, pig iron exports in India recorded a histrionic increase of more than 170% in FY’21. In comparison to 0.38 million tonnes in 2020, the region’s total exports accounted for 1.03 million tonnes in 2021. Though the majority of demand in 2020 was hampered due to the outbreak of COVID-19, the constant demand for process industries, for example, steel, remained operational. Since operations of blast furnaces cannot be stopped at short notice, the production of steel continued in the plants even in the absence of demand. A majority of pig iron was exported to China in FY’21 owing to the need for disposal of inventory. Other significant markets for Indian manufacturers include Italy, the US, and Bangladesh.

Competitive Landscape

Partnerships, collaborations, and joint ventures are some of the key strategies adopted by the market players. Some of the key players included in our research report include. Cleveland-Cliffs Inc, Maritime Iron, DXC Technology Company, Baosteel Co., Ltd., and Donetsk Metallurgical Holding, among others. The report offers comprehensive company profiles comprising the details such as geographical presence, services & products offered, financials, and recent developments in the market.

Our report offers both quantitative and qualitative insights into the merchant pig iron market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global Merchant Pig Iron market is segmented as follows:

By Type

  • Basic Pig Iron
  • Foundry Pig Iron
  • High Purity Pig Iron

By Production Facility

  • Dedicated Merchant Plants
  • Integrated Steel Mills

By End-Use Industry

  • Automotive
  • Engineering and Industrial
  • Power Generation
  • Pipes and Fittings
  • Others

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Merchant Pig Iron Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Merchant Pig Iron Market : snapshot
  • Chapter 3. Global Merchant Pig Iron Market – Industry Analysis
    • 3.1 Merchant Pig Iron Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Robust Steel Demand
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Production Facility
      • 3.7.3 Market attractiveness analysis By End-Use Industry
  • Chapter 4. Global Merchant Pig Iron Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Merchant Pig Iron Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Merchant Pig Iron Market – Type Analysis
    • 5.1 Global Merchant Pig Iron Market overview: By Type
      • 5.1.1 Global Merchant Pig Iron Market share, By Type, 2021 and 2030
    • 5.2 Basic Pig Iron
      • 5.2.1 Global Merchant Pig Iron Market by Basic Pig Iron, 2022 – 2030 (USD Billion)
    • 5.3 Foundry Pig Iron
      • 5.3.1 Global Merchant Pig Iron Market by Foundry Pig Iron, 2022 – 2030 (USD Billion)
    • 5.4 High Purity Pig Iron
      • 5.4.1 Global Merchant Pig Iron Market by High Purity Pig Iron, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Merchant Pig Iron Market – Production Facility Analysis
    • 6.1 Global Merchant Pig Iron Market overview: By Production Facility
      • 6.1.1 Global Merchant Pig Iron Market share, By Production Facility, 2021 and 2030
    • 6.2 Dedicated Merchant Plants
      • 6.2.1 Global Merchant Pig Iron Market by Dedicated Merchant Plants, 2022 – 2030 (USD Billion)
    • 6.3 Integrated Steel Mills
      • 6.3.1 Global Merchant Pig Iron Market by Integrated Steel Mills, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Merchant Pig Iron Market – End-Use Industry Analysis
    • 7.1 Global Merchant Pig Iron Market overview: By End-Use Industry
      • 7.1.1 Global Merchant Pig Iron Market share, By End-Use Industry, 2021 and 2030
    • 7.2 Automotive
      • 7.2.1 Global Merchant Pig Iron Market by Automotive, 2022 – 2030 (USD Billion)
    • 7.3 Engineering and Industrial
      • 7.3.1 Global Merchant Pig Iron Market by Engineering and Industrial, 2022 – 2030 (USD Billion)
    • 7.4 Power Generation
      • 7.4.1 Global Merchant Pig Iron Market by Power Generation, 2022 – 2030 (USD Billion)
    • 7.5 Pipes and Fittings
      • 7.5.1 Global Merchant Pig Iron Market by Pipes and Fittings, 2022 – 2030 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Merchant Pig Iron Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 8. Merchant Pig Iron Market – Regional Analysis
    • 8.1 Global Merchant Pig Iron Market Regional Overview
    • 8.2 Global Merchant Pig Iron Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Merchant Pig Iron Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Merchant Pig Iron Market, by Type, 2022 – 2030
      • 8.4.1 North America Merchant Pig Iron Market, by Type, 2022 – 2030 (USD Billion)
    • 8.5 North America Merchant Pig Iron Market, by Production Facility, 2022 – 2030
      • 8.5.1 North America Merchant Pig Iron Market, by Production Facility, 2022 – 2030 (USD Billion)
    • 8.6 North America Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030
      • 8.6.1 North America Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Merchant Pig Iron Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Merchant Pig Iron Market, by Type, 2022 – 2030
      • 8.8.1 Europe Merchant Pig Iron Market, by Type, 2022 – 2030 (USD Billion)
    • 8.9 Europe Merchant Pig Iron Market, by Production Facility, 2022 – 2030
      • 8.9.1 Europe Merchant Pig Iron Market, by Production Facility, 2022 – 2030 (USD Billion)
    • 8.10 Europe Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030
      • 8.10.1 Europe Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Merchant Pig Iron Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Merchant Pig Iron Market, by Type, 2022 – 2030
      • 8.12.1 Asia Pacific Merchant Pig Iron Market, by Type, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Merchant Pig Iron Market, by Production Facility, 2022 – 2030
      • 8.13.1 Asia Pacific Merchant Pig Iron Market, by Production Facility, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030
      • 8.14.1 Asia Pacific Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Merchant Pig Iron Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Merchant Pig Iron Market, by Type, 2022 – 2030
      • 8.16.1 Latin America Merchant Pig Iron Market, by Type, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Merchant Pig Iron Market, by Production Facility, 2022 – 2030
      • 8.17.1 Latin America Merchant Pig Iron Market, by Production Facility, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030
      • 8.18.1 Latin America Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Merchant Pig Iron Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Merchant Pig Iron Market, by Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Merchant Pig Iron Market, by Type, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Merchant Pig Iron Market, by Production Facility, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Merchant Pig Iron Market, by Production Facility, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Merchant Pig Iron Market, by End-Use Industry, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Cleveland-Cliffs Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Marinetime Iron
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 DXC Technology Company
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Baosteel Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Donetsk Metallurgical Holding
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Merchant Pig Iron Market attractiveness, By Type
  • 6. Global Merchant Pig Iron Market attractiveness, By Production Facility
  • 7. Global Merchant Pig Iron Market attractiveness, By End-Use Industry
  • 8. Global Merchant Pig Iron Market share by Type, 2022 and 2030 (USD Billion)
  • 9. Global Merchant Pig Iron Market by Basic Pig Iron, 2022 – 2030 (USD Billion)
  • 10. Global Merchant Pig Iron Market by Foundry Pig Iron, 2022 – 2030 (USD Billion)
  • 11. Global Merchant Pig Iron Market by High Purity Pig Iron, 2022 – 2030 (USD Billion)
  • 12. Global Merchant Pig Iron Market share by Production Facility, 2022 and 2030 (USD Billion)
  • 13. Global Merchant Pig Iron Market by Dedicated Merchant Plants, 2022 – 2030 (USD Billion)
  • 14. Global Merchant Pig Iron Market by Integrated Steel Mills, 2022 – 2030 (USD Billion)
  • 15. Global Merchant Pig Iron Market share by End-Use Industry, 2022 and 2030 (USD Billion)
  • 16. Global Merchant Pig Iron Market by Automotive, 2022 – 2030 (USD Billion)
  • 17. Global Merchant Pig Iron Market by Engineering and Industrial, 2022 – 2030 (USD Billion)
  • 18. Global Merchant Pig Iron Market by Power Generation, 2022 – 2030 (USD Billion)
  • 19. Global Merchant Pig Iron Market by Pipes and Fittings, 2022 – 2030 (USD Billion)
  • 20. Global Merchant Pig Iron Market by Others, 2022 – 2030 (USD Billion)
  • 21. Global Merchant Pig Iron Market share, by Region, 2022 and 2030
  • 22. North America Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
  • 23. Europe Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
  • 25. Latin America Merchant Pig Iron Market, 2022 – 2030 (USD Billion)
  • 26. The Middle-East and Africa Merchant Pig Iron Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Merchant Pig Iron Market: Snapshot
  • 2. Drivers of the Merchant Pig Iron Market: impact analysis
  • 3. North America Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 5. North America Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 6. U.S. Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 7. U.S. Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 8. U.S. Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 9. Canada Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Canada Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 11. Canada Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 12. Europe Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 13. Europe Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 14. Europe Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 15. Germany Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. Germany Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 17. Germany Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 18. France Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 19. France Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 20. France Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 21. U.K. Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. U.K. Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 23. U.K. Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 24. Italy Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 25. Italy Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 26. Italy Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 27. Spain Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Spain Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 29. Spain Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 36. China Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 37. China Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 38. China Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 39. Japan Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Japan Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 41. Japan Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 42. India Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 43. India Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 44. India Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 45. South Korea Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. South Korea Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 47. South Korea Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 54. Latin America Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 55. Latin America Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 56. Latin America Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 57. Brazil Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 58. Brazil Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 59. Brazil Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 60. Mexico Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 61. Mexico Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 62. Mexico Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 72. South Africa Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 73. South Africa Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 74. South Africa Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Merchant Pig Iron Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Merchant Pig Iron Market Revenue, By Production Facility, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Merchant Pig Iron Market Revenue, By End-Use Industry, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global Merchant Pig Iron market:

  • Cleveland-Cliffs Inc.
  • Marinetime Iron
  • DXC Technology Company
  • Baosteel Co., Ltd.,
  • Donetsk Metallurgical Holding

FAQs

“North America” region will lead the global merchant pig iron market during the forecast period 2022 to 2030.

Steel is one of the most important metals used in a wide variety of industries, including shipbuilding, building construction, automobile manufacture, manufacturing of industrial equipment, and many others. As a result, the demand for steel is consistently on the rise. The manufacturing of steel relies heavily on merchant pig iron as a crucial component.

The key players operating in the merchant pig iron market are Cleveland-Cliffs Inc., Marinetime Iron, DXC Technology Company, Baosteel Co., Ltd., Donetsk Metallurgical Holding, and Others.

The global merchant pig iron market is expanding growth with a CAGR of approximately 9% during the forecast period (2022 to 2030).

The global merchant pig iron market size was valued at US$ 60.5 billion in 2021 and it is projected to reach around US$ 132.5 billion by 2030.

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