Direct Reduced Iron Global Market Report 2025

Global Direct Reduced Iron Market Report 2024

Direct Reduced Iron Global Market Report 2025 – By Production Process (Coal-Based, Gas-Based Or Midrex), By Form (Pellets, Lumps), By Application (Steel Making, Construction) – Market Size, Trends, And Global Forecast 2025-2034

Name: Direct Reduced Iron Global Market Report 2025
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Direct Reduced Iron Global Market Report 2025

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Direct Reduced Iron Market Definition

Direct reduced iron (DRI), also known as sponge iron, refers to an iron produced by reducing iron ore directly into iron using a reducing gas, such as natural gas or coal, or carbon dioxide. It is an effective feedstock for small-mill electric furnaces to employ lower grades of scrap for the rest of the charge or generate higher steel rates.

The main production processes involved in direct reduced iron are coal-based, gas-based, or midrex. The coal-based direct reduction rotary kiln process was developed to transform iron ore directly into metallic iron without melting the ingredients. The procedure has the advantage of requiring less capital and no coking coal. It is available in the form of Pellets and lumps and is used for steel-making and construction applications.

Direct Reduced Iron Market Segmentation

The direct reduced iron market covered in this report is segmented –

1) By Production Process: Coal-Based, Gas-Based Or Midrex

2) By Form: Pellets, Lumps

3) By Application: Steel Making, Construction

Subsegments:

1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification

2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite)

Direct Reduced Iron Market Size and growth rate 2025 to 2029: Graph

Direct Reduced Iron Market Size 2025 And Growth Rate

The direct reduced iron market size has grown strongly in recent years. It will grow from $31.36 billion in 2024 to $34.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to raw material availability, steel industry dynamics, energy efficiency concerns, environmental regulations, and cost competitiveness

Direct Reduced Iron Market Growth Forecast

The direct reduced iron market size is expected to see strong growth in the next few years. It will grow to $48.85 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to global infrastructure development, renewable energy integration, evolving steelmaking technologies, urbanization and construction demand, trade dynamics and supply chains. Major trends in the forecast period include focus on carbon capture and storage (CCS), a shift towards EAF steel production, strategic investments in DRI capacity, and governmental regulations and policies.

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Direct Reduced Iron Market Driver: Surging Demand For Steel Products Fuels Growth In The Direct Reduced Iron Market

Rising demand for steel products is expected to propel the growth of the direct reduced iron market going forward. Steel products refer to a wide range of items and materials that are manufactured using steel as the primary raw material. Direct reduced iron is used in the production of steel, where it is used as a substitute for scrap metal and pig iron resulting in lower greenhouse gas emissions and reduced energy consumption. For instance, in 2022, according to the World Steel Association, a Belgium-based international industry association, the steel demand in 2022 is 1840.2 metric tons which is 0.4% more than the previous year and is set to increase 2.2% in 2023 and reach 1881.4 metric tons. Therefore, rising demand for steel products is driving the growth of the direct reduced iron market.

Direct Reduced Iron Market Driver: Increased Infrastructure Investments Expected To Drive Growth In Direct Reduced Iron Market

The rising investments in infrastructure development are expected to propel the growth of the direct reduced iron market. Infrastructure development refers to the process of planning, designing, financing, constructing, and maintaining physical and organizational structures and facilities that are essential for the functioning of a society or economy. DRI is used in the production of steel for constructing infrastructure in the energy sector, further supporting the demand for direct reduced iron. For instance, in July 2024, according to the Office for National Statistics, a UK-based Statistics Authority, total investment in infrastructure by the general government rose by 9.6% in 2022, reaching £26.0 billion (approximately $32.8 billion), with £19.3 billion (around $24.4 billion) from central government and £6.7 billion (about $8.5 billion) from local government, while transport projects accounted for £22.5 billion (roughly $28.5 billion), constituting 74.2% of the total investment, a 1.1 percentage point increase from the previous year. Therefore, rising investments in infrastructure development will drive the growth of the direct reduced iron market.

Global Direct Reduced Iron Market Major Players

Major companies operating in the direct reduced iron market include Welspun Group, ArcelorMittal, ArcelorMittal S.A., JFE Steel Corporation, Cleveland-Cliffs Inc., Kobe Steel Ltd., Steel Dynamics Inc., Gallantt Group of Industries, Voestalpine AG, Ternium SA, Liberty Steel Group, Nucor Corporation, Mobarakeh Steel Company, Hadeed Steel Industries, SMS Group GmbH, Jindal Steel and Power Ltd, Qatar Steel Company, Salzgitter AG, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria, TATA Steel Long Product Limited, Tata Sponge, Tuwairqi Steel Mills Limited, JSW Ispat Special Products Limited, Midrex Technologies Inc., AM/NS India, Tenova SpA, Khouzestan Steel Company, Essar Steel

Global Direct Reduced Iron Market Trend: Technological Advancements With Direct Reduced Iron Smelting Furnace

Technological advancement is a key trend gaining popularity in the direct reduced iron market. Major companies operating in the direct reduced iron market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in October 2022, Metso Outotec, a Finland-based machinery manufacturing company, launched a direct reduced iron (DRI) smelting furnace to decarbonize the steel sector further. Direct reduced iron smelting technology development continues to optimize the process for customer-specific feed materials and complement Metso Outotec’s Planet Positive offering to decarbonize the iron and steel industry.

Global Direct Reduced Iron Market Trend: Strategic Investments Propel Growth In Direct Reduced Iron Market

Major companies operating in the direct reduction iron market are focused on strategic investments, such as the direct reduction plant, to meet growing demand and expand their customer base. A direct reduction plant is a facility where iron ore is processed using a reduction process, typically involving the use of natural gas or hydrogen, to produce direct reduced iron (DRI) for steelmaking. For instance, in August 2023, a Germany-based Raw Materials Manufacturing partnership of Namibian and German companies inaugurated the world's largest direct reduction plant for green iron at RWE's Emsland gas-fired power plant site. This facility, funded by a €3 million contribution from the Lower Saxony Ministry of Environment, is dedicated to reducing iron ore exclusively through the utilization of green hydrogen. The project also involves the examination of the application of sponge iron in steel production, starting in 2024. The choice of Lingen as HyIron's location was influenced by the concentrated presence of hydrogen projects in the broader Emsland H2 region, particularly at the RWE's Emsland gas-fired power plant site. In the forthcoming stages, green hydrogen for HyIron will be generated at RWE's 14-megawatt pilot electrolysis plant, slated to commence operations directly adjacent to the direct reduction plant by the end of 2023.

Direct Reduced Iron Market Merger And Acquisition: H2 Green Steel And Midrex Collaborate To Advance Carbon Neutrality Efforts

In October 2022, H2 Green Steel, a Sweden-based green steel-producing company, partnered with Midrex. This partnership enables Kobe Steel to invest in H2 Green Steel for plant supply and equity investment to tackle the challenge toward global carbon neutrality jointly. Midrex Technologies, Inc. is a US-based direct reduction ironmaking technology company.

Regional Outlook For The Global Direct Reduced Iron Market

Asia-Pacific was the largest region in the direct reduced iron market in 2024. The regions covered in the direct reduced iron market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the direct reduced iron market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Direct Reduced Iron Market?

The direct reduced iron market consists of sales of gas-based direct reduced iron and coal-based direct reduced iron. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Direct Reduced Iron Industry?

The direct reduced iron research report is one of a series of new reports from The Business Research Company that provides direct reduced iron market statistics, including the direct reduced iron industry's global market size, regional shares, competitors with direct reduced iron market share, detailed direct reduced iron market segments, market trends and opportunities, and any further data you may need to thrive in the direct reduced iron industry. This direct reduced iron market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Direct Reduced Iron Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$34.18 billion
Revenue Forecast In 2034	$48.85 billion
Growth Rate	CAGR of 9.3% from 2024 to 2033
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Production Process: Coal-Based, Gas-Based Or Midrex 2) By Form: Pellets, Lumps 3) By Application: Steel Making, Construction Subsegments: 1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification 2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite)
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Welspun Group, ArcelorMittal, ArcelorMittal S.A., JFE Steel Corporation, Cleveland-Cliffs Inc., Kobe Steel Ltd., Steel Dynamics Inc., Gallantt Group of Industries, Voestalpine AG, Ternium SA, Liberty Steel Group, Nucor Corporation, Mobarakeh Steel Company, Hadeed Steel Industries, SMS Group GmbH, Jindal Steel and Power Ltd, Qatar Steel Company, Salzgitter AG, Jindal Shadeed Iron & Steel LLC, Tosyali Algeria, TATA Steel Long Product Limited, Tata Sponge, Tuwairqi Steel Mills Limited, JSW Ispat Special Products Limited, Midrex Technologies Inc., AM/NS India, Tenova SpA, Khouzestan Steel Company, Essar Steel
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Direct Reduced Iron Market Characteristics

3. Direct Reduced Iron Market Trends And Strategies

4. Direct Reduced Iron Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market

5. Global Direct Reduced Iron Growth Analysis And Strategic Analysis Framework

5.1. Global Direct Reduced Iron PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Direct Reduced Iron Market Growth Rate Analysis

5.4. Global Direct Reduced Iron Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Direct Reduced Iron Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Direct Reduced Iron Total Addressable Market (TAM)

6. Direct Reduced Iron Market Segmentation

6.1. Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Coal-Based

Gas-Based Or Midrex

6.2. Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Pellets

Lumps

6.3. Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Steel Making

Construction

6.4. Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Direct Reduced Iron (DRI) From Coal

Sponge Iron Production Via Coal Gasification

6.5. Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Midrex Process

Hyl Process (HY-Lite)

7. Direct Reduced Iron Market Regional And Country Analysis

7.1. Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Direct Reduced Iron Market

8.1. Asia-Pacific Direct Reduced Iron Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Direct Reduced Iron Market

9.1. China Direct Reduced Iron Market Overview

9.2. China Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Direct Reduced Iron Market

10.1. India Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Direct Reduced Iron Market

11.1. Japan Direct Reduced Iron Market Overview

11.2. Japan Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Direct Reduced Iron Market

12.1. Australia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Direct Reduced Iron Market

13.1. Indonesia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Direct Reduced Iron Market

14.1. South Korea Direct Reduced Iron Market Overview

14.2. South Korea Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Direct Reduced Iron Market

15.1. Western Europe Direct Reduced Iron Market Overview

15.2. Western Europe Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Direct Reduced Iron Market

16.1. UK Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Direct Reduced Iron Market

17.1. Germany Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Direct Reduced Iron Market

18.1. France Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Direct Reduced Iron Market

19.1. Italy Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Direct Reduced Iron Market

20.1. Spain Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Direct Reduced Iron Market

21.1. Eastern Europe Direct Reduced Iron Market Overview

21.2. Eastern Europe Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Direct Reduced Iron Market

22.1. Russia Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Direct Reduced Iron Market

23.1. North America Direct Reduced Iron Market Overview

23.2. North America Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Direct Reduced Iron Market

24.1. USA Direct Reduced Iron Market Overview

24.2. USA Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Direct Reduced Iron Market

25.1. Canada Direct Reduced Iron Market Overview

25.2. Canada Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Direct Reduced Iron Market

26.1. South America Direct Reduced Iron Market Overview

26.2. South America Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Direct Reduced Iron Market

27.1. Brazil Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Direct Reduced Iron Market

28.1. Middle East Direct Reduced Iron Market Overview

28.2. Middle East Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Direct Reduced Iron Market

29.1. Africa Direct Reduced Iron Market Overview

29.2. Africa Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Direct Reduced Iron Market Competitive Landscape And Company Profiles

30.1. Direct Reduced Iron Market Competitive Landscape

30.2. Direct Reduced Iron Market Company Profiles

30.2.1. Welspun Group Overview, Products and Services, Strategy and Financial Analysis

30.2.2. ArcelorMittal Overview, Products and Services, Strategy and Financial Analysis

30.2.3. ArcelorMittal S.A. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. JFE Steel Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Cleveland-Cliffs Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Direct Reduced Iron Market Other Major And Innovative Companies

31.1. Kobe Steel Ltd.

31.2. Steel Dynamics Inc.

31.3. Gallantt Group of Industries

31.4. Voestalpine AG

31.5. Ternium SA

31.6. Liberty Steel Group

31.7. Nucor Corporation

31.8. Mobarakeh Steel Company

31.9. Hadeed Steel Industries

31.10. SMS Group GmbH

31.11. Jindal Steel and Power Ltd

31.12. Qatar Steel Company

31.13. Salzgitter AG

31.14. Jindal Shadeed Iron & Steel LLC

31.15. Tosyali Algeria

32. Global Direct Reduced Iron Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Direct Reduced Iron Market

34. Recent Developments In The Direct Reduced Iron Market

35. Direct Reduced Iron Market High Potential Countries, Segments and Strategies

35.1 Direct Reduced Iron Market In 2029 - Countries Offering Most New Opportunities

35.2 Direct Reduced Iron Market In 2029 - Segments Offering Most New Opportunities

35.3 Direct Reduced Iron Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: China, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: China, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: India, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: India, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: Japan, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: Japan, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Australia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Australia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Indonesia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Indonesia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: South Korea, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: South Korea, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: Western Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Western Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: UK, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: UK, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: Germany, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Germany, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: France, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: France, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: Italy, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Italy, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Spain, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Spain, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Eastern Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Eastern Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Russia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Russia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: North America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: North America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: USA, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: USA, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: Canada, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: Canada, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: South America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: South America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: Brazil, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Brazil, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Middle East, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Middle East, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Africa, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Africa, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Welspun Group Financial Performance

Table 77: ArcelorMittal Financial Performance

Table 78: ArcelorMittal S.A. Financial Performance

Table 79: JFE Steel Corporation Financial Performance

Table 80: Cleveland-Cliffs Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Direct Reduced Iron Market, Sub-Segmentation Of Coal-Based, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Direct Reduced Iron Market, Sub-Segmentation Of Gas-Based Or Midrex, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Direct Reduced Iron Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Direct Reduced Iron Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: China, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: China, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: India, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: India, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: Japan, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: Japan, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Australia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Australia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Indonesia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Indonesia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: South Korea, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: South Korea, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: Western Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Western Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: UK, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: UK, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: Germany, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Germany, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: France, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: France, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: Italy, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Italy, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Spain, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Spain, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Eastern Europe, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Eastern Europe, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Russia, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Russia, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: North America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: North America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: USA, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: USA, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: Canada, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: Canada, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: South America, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: South America, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: Brazil, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Brazil, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Middle East, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Middle East, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Africa, Direct Reduced Iron Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Africa, Direct Reduced Iron Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Direct Reduced Iron Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Welspun Group Financial Performance

Figure 77: ArcelorMittal Financial Performance

Figure 78: ArcelorMittal S.A. Financial Performance

Figure 79: JFE Steel Corporation Financial Performance

Figure 80: Cleveland-Cliffs Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the Direct Reduced Iron market?

How will the Direct Reduced Iron market drivers and restraints affect the market dynamics? What forces will shape the Direct Reduced Iron industry going forward?

The Direct Reduced Iron market major growth driver - Surging Demand For Steel Products Fuels Growth In The Direct Reduced Iron Market. For further insights on the Direct Reduced Iron market, request a sample here

What is the forecast market size or the forecast market value of the Direct Reduced Iron market?

The Direct Reduced Iron market size has grown strongly in recent years. The direct reduced iron market size has grown strongly in recent years. It will grow from $31.36 billion in 2024 to $34.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to raw material availability, steel industry dynamics, energy efficiency concerns, environmental regulations, and cost competitiveness The direct reduced iron market size is expected to see strong growth in the next few years. It will grow to $48.85 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to global infrastructure development, renewable energy integration, evolving steelmaking technologies, urbanization and construction demand, trade dynamics and supply chains. Major trends in the forecast period include focus on carbon capture and storage (CCS), a shift towards EAF steel production, strategic investments in DRI capacity, and governmental regulations and policies. For further insights on the Direct Reduced Iron market, request a sample here

How is the Direct Reduced Iron market segmented?

The direct reduced iron market covered in this report is segmented –
1) By Production Process: Coal-Based, Gas-Based Or Midrex
2) By Form: Pellets, Lumps
3) By Application: Steel Making, Construction Subsegments:
1) By Coal-Based: Direct Reduced Iron (DRI) From Coal, Sponge Iron Production Via Coal Gasification
2) By Gas-Based Or Midrex: Midrex Process, Hyl Process (HY-Lite) For further insights on the Direct Reduced Iron market, request a sample here

Which region has the largest share of the Direct Reduced Iron market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the direct reduced iron market in 2024. The regions covered in the direct reduced iron market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the Direct Reduced Iron market, request a sample here.

Who are the major players in the Direct Reduced Iron market?

What are the key trends in the Direct Reduced Iron market?

Major trends in the Direct Reduced Iron market include Technological Advancements With Direct Reduced Iron Smelting Furnace. For further insights on the Direct Reduced Iron market, request a sample here.

What are the major opportunities in the Direct Reduced Iron market? What are the strategies for the Direct Reduced Iron market?

For detailed insights on the major opportunities and strategies in the Direct Reduced Iron market, request a sample here.

How does the Direct Reduced Iron market relate to the overall economy and other similar markets?

For detailed insights on Direct Reduced Iron's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Direct Reduced Iron industry?

For detailed insights on the mergers and acquisitions in the Direct Reduced Iron industry, request a sample here.

What are the key dynamics influencing the Direct Reduced Iron market growth? SWOT analysis of the Direct Reduced Iron market.

For detailed insights on the key dynamics influencing the Direct Reduced Iron market growth and SWOT analysis of the Direct Reduced Iron industry, request a sample here.