Direct Reduced Iron (DRI) Market
Global Direct Reduced Iron (DRI) Market Size, Share & Trends Analysis Report by Form (Lumps, Pellets, and Fines), by Production Process (Coal-based and Gas-based), and Application (Steel Production, Construction, and Others) Forecast Period (2021-2027). Update Available - Forecast 2024-2030
The global DRI market is anticipated to grow at a significant CAGR of 7.4% during the forecast period. More than 100 million tons of DRI is produced annually since 2018. DRI is majorly used in the production of steel. The commissioning of new capacity, especially in Iran, the return to operation of many coal-based rotary kiln furnaces in India, and the further ramp-up of recently commissioned plants are some of the major factors driving the growth of the DRI market. However, with the invention of steel alternative bio-materials, the demand for DRI is expected to get impacted.
Moreover, DRI technologies are not the best alternative to blast-furnace smelting that produce a solid metalized product that can be used to make pig iron and steel, however, they can play an important role as sources of clean metallic charge material for electric steelmaking or as processes which can recycle iron-bearing waste products at integrated metallurgical plants. Thus, recycling metallic waste is an emerging application of DRI. This report will further provide an in-depth analysis of all the factors that are directly or indirectly impacting the market growth of DRI.
Impact of COVID-19 Pandemic on Global DRI Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe. The automotive and construction industry had halted their production due to the reduced demand during the COVID-19 pandemic. This had drastically reduced the demand for DRI across the globe. The DRI market is expected to show “W” shaped recovery as the COVID-19 situation gets normalized. This report will further cover the in-depth analysis of the COVID-19 pandemic in the DRI market.
Segmental Outlook
The global DRI market is segmented based on the form, production process and application. Based on the form, the market is segmented into lumps, pellets, and fines. Based on the production process, the market is segmented into coal-based and gas-based. Based on application, the market is sub-segmented into steel production, construction, others (including automotive industry). This segmentation can further be customized as per the requirement.
Global DRI Market Share by Production Process, 2020 (%)
The Gas-based Production Process is expected to grow fastest in the Global DRI Market.
DRI is majorly produced through the conventional coal-based process as it is most popularly known and economical. However, the production of DRI from natural gas DRI is rapidly getting popularized and is expected to grow fastest during the forecast period as it is an environmentally friendly and low residual metallic that is needed to produce today’s premium steel products.
Based on form, DRI lumps holds the major share in the market due to their wide application in the construction and automotive industries. The pellet segment is expected to grow at a steady rate due to its limited application in the electric arc furnace.
Regional Outlooks
The global DRI market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can also be analyzed for particular region or country level only as per the requirement.
Global DRI Market Growth, by Region 2021-2027
The Asia-Pacific and Middle Eastern Region Holds the Major Share in the Global DRI Market.
The Asia-Pacific and the Middle East are the major DRI producing regions, in which India and Iran alone account for more than half of the total DRI produced globally. Around 25.7 million tons of DRI produced in Iran is produced from natural gas, which made it the highest DRI producing nation through natural gas. Russia is the third-largest producer of DRI that had produced 7.9 million tons of DRI in 2018, followed by Saudi Arabia and Mexico which had produced 6.0 and 5.9 million tons of DRI in 2018. This report will further provide the complete analysis of DRI produced by all the major economies globally.
Market Players Outlook
The major companies serving the global DRI market include ArcelorMittal S.A., Kobe Steel, Ltd., Jindal Shadeed Iron & Steel LLC, Midrex Technologies, Inc., Emirates Steel, Iran International Engineering Co., EZZ Steel, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Tosyali Algérie A.S. (Tosyali) had made a world record for a single direct reduction module by producing more than 2.23 million tons of DRI in 2020. This report will also include the production capacity of all the market players.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global DRI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global DRI Market
• Recovery Scenario of Global DRI Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ArcelorMittal S.A.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Kobe Steel, Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Jindal Shadeed Iron & Steel LLC
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Midrex Technologies, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Emirates Steel
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global DRI Market by Form
4.1.1. Lumps
4.1.2. Pellets
4.1.3. Fines
4.2. Global DRI Market by Production Process
4.2.1. Coal-based
4.2.2. Gas-based
4.3. Global DRI Market by Application
4.3.1. Steel Production
4.3.2. Construction
4.3.3. Others (including Automotive Industry)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Middle East & Africa
5.4.2. Latin America
6. Company Profiles
6.1. Algerian Qatar Steel
6.2. Ardakan Steel Complex Co.
6.3. Arfa Iron and steel Co.
6.4. Beshay Steel ESISCO
6.5. Baft Steel Co.
6.6. Chadormalu Mining & Industrial Co.
6.7. Esfahan Steel Co.
6.8. EZZ Steel
6.9. Iran International Engineering Co. (IRITEC)
6.10. Khouzestan Steel Co.
6.11. Libyan Iron and Steel Co.
6.12. LITAT Group
6.13. Mobarakeh Steel Co.
6.14. MOROCCAN IRON STEEL co.
6.15. Neyriz Ghadir Steel Complex
6.16. Pasargad Steel Complex
6.17. Persian Gulf Saba Steel
6.18. Qatar Steel
6.19. Sabzevar Pars steel Co.
6.20. Sefid Dasht Steel Co.
6.21. Shadegan Steel Industry Co.
6.22. South Kaveh Steel Co.
6.23. Suez Steel
6.24. SULB COMPANY B.S.C.
6.25. Tosyali Algeria
6.26. Tuwairqi Steel Mills Ltd.
1. GLOBAL DRI MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
2. GLOBAL DRI LUMPS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DRI PELLETS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL DRI FINES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL DRI MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2020-2027 ($ MILLION)
6. GLOBAL COAL-BASED DRI PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL GAS-BASED DRI PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL DRI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL STEEL PRODUCTION DRI MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL CONSTRUCTION DRI MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL OTHERS DRI MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL DRI MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN DRI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN DRI MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
15. NORTH AMERICAN DRI MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2020-2027 ($ MILLION)
16. NORTH AMERICAN DRI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. EUROPEAN DRI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN DRI MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
19. EUROPEAN DRI MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2020-2027 ($ MILLION)
20. EUROPEAN DRI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC DRI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC DRI MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC DRI MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC DRI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. REST OF THE WORLD DRI MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. REST OF THE WORLD DRI MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
27. REST OF THE WORLD DRI MARKET RESEARCH AND ANALYSIS BY FORM, 2020-2027 ($ MILLION)
28. REST OF THE WORLD DRI MARKET RESEARCH AND ANALYSIS BY PRODUCTION PROCESS, 2020-2027 ($ MILLION)
29. REST OF THE WORLD DRI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DRI MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DRI MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL DRI MARKET, 2021-2027 (%)
4. GLOBAL DRI MARKET SHARE BY FORM, 2020 VS 2027 (%)
5. GLOBAL LUMPS DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL PELLETS DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL FINES DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL DRI MARKET SHARE BY PRODUCTION PROCESS, 2020 VS 2027 (%)
9. GLOBAL COAL-BASED DRI PRODUCTION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL GAS-BASED DRI PRODUCTION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL DRI MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
12. GLOBAL STEEL PRODUCTION DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL CONSTRUCTION DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL OTHERS DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL DRI MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. US DRI MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA DRI MARKET SIZE, 2020-2027 ($ MILLION)
18. UK DRI MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE DRI MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY DRI MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY DRI MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN DRI MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE DRI MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA DRI MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA DRI MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN DRI MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA DRI MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC DRI MARKET SIZE, 2020-2027 ($ MILLION)
29. MIDDLE EAST & AFRICA DRI MARKET SIZE, 2020-2027 ($ MILLION)
30. LATIN AMERICA DRI MARKET SIZE, 2020-2027 ($ MILLION)
