As the global economy mends, the 2021 growth of Sponge Iron will have significant change from previous year. According to our researcher latest study, the global Sponge Iron market size is USD million in 2022 from USD million in 2021, with a change of % between 2021 and 2022. The global Sponge Iron market size will reach USD million in 2028, growing at a CAGR of % over the analysis period.

The United States Sponge Iron market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Sponge Iron market, reaching US$ million by the year 2028. As for the Europe Sponge Iron landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.

Global main Sponge Iron players cover Mobarakeh Steel Company, Tata Sponge, Welspun Group, and Jindal Steel & Power Ltd, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.

This report presents a comprehensive overview, market shares, and growth opportunities of Sponge Iron market by product type, application, key manufacturers and key regions and countries.

Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6

Gas-Based Direct Reduction Iron

Coal-Based Direct Reduction Iron

Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.

Metallurgical Industry

Steel Industry

Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include

Mobarakeh Steel Company

Tata Sponge

Welspun Group

Jindal Steel & Power Ltd

Umesh Modi Group

Prakash Industries Limited

Sajjan

Bhushan

Sarda Energy & Minerals Limited

Qatar Steel

Gallantt

NMDC

United Raw Materials

ArcelorMittal

KhorasanSteel