Merchant Pig Iron Market Size, Share & Trends Analysis Forecast 2019-2027

Industry Insights

[180+ Pages Report] According to the report published by Facts and Factors, the global merchant pig iron market size was valued around USD 58,857 million in 2018 and is expected to grow to around USD 1,24,179 million by 2027 with a compound annual growth rate (CAGR) of roughly 8.7% between 2022 and 2028. The report analyzes the global merchant pig iron market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the merchant pig iron market.

The report covers a forecast and an analysis of the merchant pig iron market on a global and regional level. The study provides historical data from 2013 to 2018 and a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the merchant pig iron market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the merchant pig iron market on a global level.

In order to give the users of this report a comprehensive view of the merchant pig iron market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the merchant pig iron market by segmenting it based on type, production facility type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The most significant growth factor driving the merchant pig iron market is the increasing rate of steel manufacturing in blast furnaces. There is a high demand for steel, especially in urban cities that results in the increasing demand for merchant pig iron. It is cast into ingots. These ingots are then sold to companies and industries that use it as a raw material for ferrous casting and steel. In addition, the market for merchant pig iron is also fuelled by the rising product demand for casting components that are widely used by engineering and automotive industries.

By type, the market is categorized into high purity, foundry, and basic pig iron. Based on production facility type, the market is sectored into dedicated merchant plants and integrated steel mills. The end-user segment includes automobile, engineering and industrial, pipes and fittings, sanitary and decorative, power generation, agriculture and tractor, railways, and others.

Report Scope

Some of the leading players in the global market include

• Baosteel
•  Benxi Steel
•  Cleveland-Cliffs
•  Donetsk Metallurgical Plant
•  KOBE Steel
•  Tata Metaliks
• Maritime Iron
• Metinvest
• DXC Technology
• Metalloinvest MC
• Severstal
• Industrial Metallurgical Holding

This report segments the merchant pig iron market into:

By Type

• Cloud
• On-Premises

By Production Facility Type

• Dedicated Merchant Plants
• Integrated Steel Mills

By End-User

• Engineering and Industrial
• Automobile
• Railways
• Power Generation
• Agriculture and Tractor
• Pipes and Fittings
• Sanitary and Decoration
• Others

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa