직접환원철(DRI) 시장 : 세계 산업 분석, 규모, 점유율, 성장, 동향, 예측(2025-2032년)

Persistence Market Research has recently released a comprehensive report on the worldwide market for Direct Reduced Iron (DRI). The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global Direct Reduced Iron market from 2025 to 2032.

Key Insights:

• Direct Reduced Iron Market Size (2025E): USD 43.7 Billion
• Projected Market Value (2032F): USD 70.6 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 7.1%

Direct Reduced Iron Market - Report Scope:

Direct Reduced Iron (DRI), also known as sponge iron, is produced by reducing iron ore directly in its solid state using reducing gases or coal, without melting the iron. DRI serves as a high-quality feedstock for electric arc furnaces (EAF) and induction furnaces in steelmaking, providing consistent chemical composition, lower impurities, and environmental benefits compared to scrap. The global DRI market caters to steel manufacturers seeking alternatives to scrap metal amid fluctuating scrap prices and tightening environmental regulations. Market growth is driven by increasing demand for steel across construction, automotive, infrastructure, and renewable energy sectors, alongside rising emphasis on decarbonization in the steel industry.

Market Growth Drivers:

The global Direct Reduced Iron market is propelled by several key factors, including the growing adoption of electric arc furnace (EAF) technology, which relies heavily on high-quality iron inputs such as DRI. Rising global steel production, driven by urbanization, industrialization, and infrastructure investments, fuels demand for DRI as a consistent and low-residual feedstock. Environmental regulations and sustainability goals are encouraging steelmakers to reduce carbon emissions, positioning DRI as a preferred raw material due to its lower CO2 footprint compared to traditional blast furnace operations. Additionally, increasing volatility and supply constraints in scrap markets further boost DRI adoption, ensuring stable operations for steel producers.

Market Restraints:

Despite promising growth prospects, the Direct Reduced Iron market faces challenges related to high capital investment and operational costs associated with DRI production facilities. The dependence on natural gas for gas-based DRI processes exposes manufacturers to price volatility and supply risks, particularly in regions lacking affordable natural gas infrastructure. Furthermore, technological complexities in DRI plant operations and the need for high-purity iron ore limits the accessibility of DRI production in certain developing markets. Environmental concerns around CO2 emissions from coal-based DRI processes also pose regulatory and social challenges. Addressing these technical, economic, and environmental hurdles is crucial for sustained market expansion.

Market Opportunities:

The Direct Reduced Iron market presents significant growth opportunities driven by the global push for green steel production and decarbonization initiatives in the steel industry. Innovations in hydrogen-based DRI technology are emerging as a game-changer, offering a pathway to significantly lower carbon emissions compared to conventional natural gas-based processes. Expanding investments in renewable energy and hydrogen infrastructure create favorable conditions for sustainable DRI production. Moreover, the development of modular, smaller-scale DRI plants offers new prospects for regions with smaller steel markets or limited scrap availability. Strategic collaborations, technological advancements, and policy support will be essential to capitalize on these transformative opportunities and secure market leadership in the evolving steel landscape.

Key Questions Answered in the Report:

• What are the primary factors driving the growth of the Direct Reduced Iron market globally?
• Which production technologies and applications are driving DRI adoption across different steelmaking processes?
• How are technological advancements reshaping the competitive landscape of the Direct Reduced Iron market?
• Who are the key players contributing to the Direct Reduced Iron market, and what strategies are they employing to maintain market relevance?
• What are the emerging trends and future prospects in the global Direct Reduced Iron market?

Competitive Intelligence and Business Strategy:

These companies invest in R&D to develop advanced DRI technologies, including hydrogen-based reduction processes, flexible plant designs, and integrated digital solutions for plant operations. Collaborations with steel producers, technology licensors, and governments facilitate market adoption and promote sustainable production practices. Moreover, emphasis on cost efficiency, environmental compliance, and global project execution capabilities enables key players to strengthen their market position and support the steel industry's transition toward greener production.

Key Companies Profiled:

• Qatar Steel
• Kobe Steel Ltd
• ArcelorMittal
• NUCOR
• Midrex Technologies Inc.
• Khouzestan Steel Company
• Welspun Group
• Jindal Shadeed Iron & Steel LLC
• AM/NS India
• Tosyali Algeria A.S.

Direct Reduced Iron Market Research Segmentation:

The Direct Reduced Iron market encompasses a diverse range of production methods, applications, and end-user segments, addressing varied needs across global steel manufacturing.

By Product Type:

• HBI
• HDRI
• CDRI

By Process Type:

• MIDREX
• HYL/ ENEGIRON
• PERED
• Rotary Kiln

By Region:

• North America
• Europe
• East Asia
• South Asia & Pacific
• Latin America
• Middle East and Africa

Table of Contents

1. Executive Summary

• 1.1. Global Direct Reduced Iron (DRI) Market Snapshot, 2025 and 2032
• 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
• 1.3. Key Market Trends
• 1.4. Future Market Projections
• 1.5. Premium Market Insights
• 1.6. Industry Developments and Key Market Events
• 1.7. PMR Analysis and Recommendations

2. Market Overview

• 2.1. Market Scope and Definition
• 2.2. Market Dynamics
  • 2.2.1. Drivers
  • 2.2.2. Restraints
  • 2.2.3. Opportunity
  • 2.2.4. Challenges
  • 2.2.5. Key Trends
• 2.3. Product Lifecycle Analysis
• 2.4. Direct Reduced Iron (DRI) Market: Value Chain
  • 2.4.1. List of Raw Material Suppliers
  • 2.4.2. List of Manufacturers
  • 2.4.3. List of Distributors
  • 2.4.4. Profitability Analysis
• 2.5. Forecast Factors - Relevance and Impact
• 2.6. Covid-19 Impact Assessment
• 2.7. PESTLE Analysis
• 2.8. Porter Five Force's Analysis
• 2.9. Geopolitical Tensions: Market Impact
• 2.10. Regulatory and Process Type Landscape

3. Macro-Economic Factors

• 3.1. Global Sectorial Outlook
• 3.2. Global GDP Growth Outlook
• 3.3. Global Parent Market Overview

4. Price Trend Analysis, 2019-2032

• 4.1. Key Highlights
• 4.2. Key Factors Impacting Product Prices
• 4.3. Prices By Product Type/Composition/Process Type
• 4.4. Regional Prices and Product Preferences

5. Global Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 5.1. Key Highlights
  • 5.1.1. Market Size and Y-o-Y Growth
  • 5.1.2. Absolute $ Opportunity
• 5.2. Market Size (US$ Mn) Analysis and Forecast
  • 5.2.1. Historical Market Size Analysis, 2019-2024
  • 5.2.2. Current Market Size Forecast, 2025-2032
• 5.3. Global Direct Reduced Iron (DRI) Market Outlook: Product Type
  • 5.3.1. Introduction / Key Findings
  • 5.3.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Product Type, 2019-2024
  • 5.3.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
    • 5.3.3.1. HBI
    • 5.3.3.2. HDRI
    • 5.3.3.3. CDRI
• 5.4. Market Attractiveness Analysis: Product Type
• 5.5. Global Direct Reduced Iron (DRI) Market Outlook: Process Type
  • 5.5.1. Introduction / Key Findings
  • 5.5.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Process Type, 2019-2024
  • 5.5.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Process Type, 2025-2032
    • 5.5.3.1. MIDREX
    • 5.5.3.2. HYL/ ENEGIRON
    • 5.5.3.3. PERED
    • 5.5.3.4. Rotary Kiln
• 5.6. Market Attractiveness Analysis: Process Type

6. Global Direct Reduced Iron (DRI) Market Outlook: Region

• 6.1. Key Highlights
• 6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2019-2024
• 6.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2025-2032
  • 6.3.1. North America
  • 6.3.2. Europe
  • 6.3.3. East Asia
  • 6.3.4. South Asia and Oceania
  • 6.3.5. Latin America
  • 6.3.6. Middle East & Africa
• 6.4. Market Attractiveness Analysis: Region

7. North America Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 7.1. Key Highlights
• 7.2. Pricing Analysis
• 7.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 7.3.1. By Country
  • 7.3.2. By Product Type
  • 7.3.3. By Process Type
• 7.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
  • 7.4.1. U.S.
  • 7.4.2. Canada
• 7.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast by Product Type, 2025-2032
  • 7.5.1. HBI
  • 7.5.2. HDRI
  • 7.5.3. CDRI
• 7.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 7.6.1. MIDREX
  • 7.6.2. HYL/ ENEGIRON
  • 7.6.3. PERED
  • 7.6.4. Rotary Kiln
• 7.7. Market Attractiveness Analysis

8. Europe Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 8.1. Key Highlights
• 8.2. Pricing Analysis
• 8.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 8.3.1. By Country
  • 8.3.2. By Product Type
  • 8.3.3. By Process Type
• 8.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
  • 8.4.1. Germany
  • 8.4.2. France
  • 8.4.3. U.K.
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Russia
  • 8.4.7. Rest of Europe
• 8.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
  • 8.5.1. HBI
  • 8.5.2. HDRI
  • 8.5.3. CDRI
• 8.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 8.6.1. MIDREX
  • 8.6.2. HYL/ ENEGIRON
  • 8.6.3. PERED
  • 8.6.4. Rotary Kiln
• 8.7. Market Attractiveness Analysis

9. East Asia Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 9.1. Key Highlights
• 9.2. Pricing Analysis
• 9.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 9.3.1. By Country
  • 9.3.2. By Product Type
  • 9.3.3. By Process Type
• 9.4. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Country, 2025-2032
  • 9.4.1. China
  • 9.4.2. Japan
  • 9.4.3. South Korea
• 9.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
  • 9.5.1. HBI
  • 9.5.2. HDRI
  • 9.5.3. CDRI
• 9.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 9.6.1. MIDREX
  • 9.6.2. HYL/ ENEGIRON
  • 9.6.3. PERED
  • 9.6.4. Rotary Kiln
• 9.7. Market Attractiveness Analysis

10. South Asia & Oceania Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 10.1. Key Highlights
• 10.2. Pricing Analysis
• 10.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 10.3.1. By Country
  • 10.3.2. By Product Type
  • 10.3.3. By Process Type
• 10.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
  • 10.4.1. India
  • 10.4.2. Southeast Asia
  • 10.4.3. ANZ
  • 10.4.4. Rest of South Asia & Oceania
• 10.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
  • 10.5.1. HBI
  • 10.5.2. HDRI
  • 10.5.3. CDRI
• 10.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 10.6.1. MIDREX
  • 10.6.2. HYL/ ENEGIRON
  • 10.6.3. PERED
  • 10.6.4. Rotary Kiln
• 10.7. Market Attractiveness Analysis

11. Latin America Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 11.1. Key Highlights
• 11.2. Pricing Analysis
• 11.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 11.3.1. By Country
  • 11.3.2. By Product Type
  • 11.3.3. By Process Type
• 11.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
  • 11.4.1. Brazil
  • 11.4.2. Mexico
  • 11.4.3. Rest of Latin America
• 11.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
  • 11.5.1. HBI
  • 11.5.2. HDRI
  • 11.5.3. CDRI
• 11.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 11.6.1. MIDREX
  • 11.6.2. HYL/ ENEGIRON
  • 11.6.3. PERED
  • 11.6.4. Rotary Kiln
• 11.7. Market Attractiveness Analysis

12. Middle East & Africa Direct Reduced Iron (DRI) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

• 12.1. Key Highlights
• 12.2. Pricing Analysis
• 12.3. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market, 2019-2024
  • 12.3.1. By Country
  • 12.3.2. By Product Type
  • 12.3.3. By Process Type
• 12.4. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Country, 2025-2032
  • 12.4.1. GCC
  • 12.4.2. South Africa
  • 12.4.3. Northern Africa
  • 12.4.4. Rest of Middle East & Africa
• 12.5. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type, 2025-2032
  • 12.5.1. HBI
  • 12.5.2. HDRI
  • 12.5.3. CDRI
• 12.6. Current Market Size (US$ Mn) and Volume ( Tons) Forecast By Process Type, 2025-2032
  • 12.6.1. MIDREX
  • 12.6.2. HYL/ ENEGIRON
  • 12.6.3. PERED
  • 12.6.4. Rotary Kiln
• 12.7. Market Attractiveness Analysis

13. Competition Landscape

• 13.1. Market Share Analysis, 2025
• 13.2. Market Structure
  • 13.2.1. Competition Intensity Mapping By Market
  • 13.2.2. Competition Dashboard
  • 13.2.3. Apparent Production Capacity
• 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
  • 13.3.1. Indorama Ventures Public Company Limited
    • 13.3.1.1. Overview
    • 13.3.1.2. Segments and Products
    • 13.3.1.3. Key Financials
    • 13.3.1.4. Market Developments
    • 13.3.1.5. Market Strategy
  • 13.3.2. Phoenix Technologies International, LLC
  • 13.3.3. Biffa
  • 13.3.4. Alpek
  • 13.3.5. Plastipak Packaging
  • 13.3.6. Extrupet Group (Pty) Ltd
  • 13.3.7. Alpla
  • 13.3.8. JP Recycling Ltd
  • 13.3.9. Evergreen Plastics, Inc.
  • 13.3.10. PolyQuest
  • 13.3.11. Iterum (PET Baltija)
  • 13.3.12. Ganesha Ecosphere Ltd.

Note: List of companies is not exhaustive. It is subject to further augmentation during course of research

14. Appendix

• 14.1. Research Methodology
• 14.2. Research Assumptions
• 14.3. Acronyms and Abbreviations