북미의 직접 환원철(DRI) 시장 예측(-2028년) : 형태별, 제조 공정별, 용도별, 지역별 분석

The North America direct reduced iron market size was valued at US$ 1.95 billion in 2022 and is projected to reach US$ 3.06 billion by 2028; it is expected to grow at a CAGR of 7.8% from 2022 to 2028. Direct reduced iron is a metallic material obtained by the reduction of iron oxide at temperatures below the melting point of iron. It is widely utilized as feedstocks for steelmaking in electric arc furnaces, that help in producing highest quality metal with a low content of harmful impurities such as nickel, copper, molybdenum, tin, and chromium. Steel manufacturers are utilizing DRI in steelmaking application to address the carbon emissions and relacing low quality scrap iron feedstocks with DRI. In June 2022, United States Steel Corp. announced US$150 million in direct-reduced iron production in Minnesota, United States, for escalating its low-cost iron ore competitive advantage and expand its self-sufficiency by supplying domestic direct reduced iron feedstock to its electric arc furnace (EAF) steel mills in the US. Also, the construction industry in North America is witnessing growth due to higher government investment in residential construction projects and renovation activities in the region. Also, rising preference of green steel in construction and steel making applications is anticipated to propel the direct reduced iron market growth.

The North America direct reduced iron market has been segmented based on form into lumps, pellets, and fine. The lumps segment held the largest share in the North America direct reduced iron market in 2021. Direct reduced iron is produced in form of lumps by extracting oxygen from the iron ore lumps with hydrogen and carbon monoxide. Among the common sources of carbon monoxide are natural gas, coal gas, and coal. The size of the lumps varies from 6.35 mm to 25 mm. Iron ore lumps also display better reducibility properties than pellets. The iron rich direct reduced iron lumps are used for manufacturing various steel products, including fine wire, forging bars, plates, and seamless tubes.

Based on country, the North America direct reduced iron market has been segmented into the US and Canada. In 2021, US held the largest revenue share of the North America direct reduced iron market. Favorable government policies for reducing carbon footprint, expanding electric arc furnace-based steel production, and increasing construction activities are among the main factors driving the direct reduced iron market in the US. Furthermore, increasing renovation activities and government investment in infrastructure development have contributed to the US steel market growth. This will further boost the demand for direct reduced iron products in the country.

Nucor Corp, Cleveland-Cliffs Inc., Kobe Steel Ltd, Voestalpine AG, Ternium SA, SMS Group GmbH, JSW Steel Ltd, Tenova SpA, Liberty Steel Group Holdings UK Ltd, and Bharat Engineering Works Pvt Ltd. are some of the major players operating in the North America direct reduced iron market. Players operating in the North America direct reduced iron market are adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitors in the market. Market players are highly focused towards the development of high quality and innovative product offerings to fulfil the customer's requirements.

The size of overall North America direct reduced iron market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America direct reduced iron market.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America direct reduced iron (DRI) market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the North America direct reduced iron (DRI) market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the North America direct reduced iron (DRI) market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, and distribution

Table Of Contents

1. Introduction

• 1.1 Study Scope
• 1.2 The Insight Partners Research Report Guidance
• 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

• 3.1 Scope of the Study
• 3.2 Research Methodology
  • 3.2.1 Data Collection:
  • 3.2.2 Primary Interviews:
  • 3.2.3 Hypothesis Formulation:
  • 3.2.4 Macro-economic Factor Analysis:
  • 3.2.5 Developing Base Number:
  • 3.2.6 Data Triangulation:
  • 3.2.7 Country Level Data:

4. Direct Reduced Iron Market Landscape

• 4.1 Market Overview
• 4.2 Porter's Five Forces Analysis
  • 4.2.1 Threat of New Entrants:
  • 4.2.2 Bargaining Power of Suppliers:
  • 4.2.3 Bargaining Power of Buyers:
  • 4.2.4 Competitive Rivalry:
  • 4.2.5 Threat of Substitutes:
• 4.3 Production Capacity, by Country, 2021
• 4.4 Ecosystem Analysis
  • 4.4.1 Overview:
  • 4.4.2 Raw Material Suppliers:
  • 4.4.3 Direct Reduced Iron Manufacturers
  • 4.4.4 Distributors/Suppliers:
  • 4.4.5 End-User
• 4.5 Expert Opinion

5. North America Direct Reduced Iron Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Rise in Steel Production and Use
  • 5.1.2 Expansion of DRI Plants in North America
• 5.2 Market Restraints
  • 5.2.1 Shortage of High-Quality Raw Materials
• 5.3 Market Opportunities
  • 5.3.1 Rising Preference for Green Steel Production
• 5.4 Future Trends
  • 5.4.1 Initiatives Taken by Various Government Bodies to Lower Carbon Footprint
• 5.5 Impact Analysis

6. Direct Reduced Iron - Regional Market Analysis

• 6.1 Direct Reduced Iron Market Overview
• 6.2 Competitive Positioning - Key Market Players

7. North America Direct Reduced Iron Market Analysis - By Form

• 7.1 Overview
• 7.2 North America Direct Reduced Iron Market Breakdown, by Form, 2021 & 2028
• 7.3 Lumps
  • 7.3.1 Overview
  • 7.3.2 Lumps: North America Direct Reduced Iron Market - Volume and Forecast to 2028 (Kilo Tons)
  • 7.3.3 Lumps: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)
• 7.4 Pellets
  • 7.4.1 Overview
  • 7.4.2 Pellets: North America Direct Reduced Iron Market - Volume and Forecast to 2028 (Kilo Tons)
  • 7.4.3 Pellets: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)
• 7.5 Fine
  • 7.5.1 Overview
  • 7.5.2 Fine: North America Direct Reduced Iron Market - Volume and Forecast to 2028 (Kilo Tons)
  • 7.5.3 Fine: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)

8. North America Direct Reduced Iron Market Analysis - By Production Process

• 8.1 Overview
• 8.2 North America Direct Reduced Iron Market Breakdown, by Production Process, 2021 & 2028
• 8.3 Coal Based
  • 8.3.1 Overview
  • 8.3.2 Coal Based: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)
• 8.4 Gas Based
  • 8.4.1 Overview
  • 8.4.2 Gas Based: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)

9. North America Direct Reduced Iron Market Analysis - By Application

• 9.1 Overview
• 9.2 North America Direct Reduced Iron Market Breakdown, by Application, 2021 & 2028
• 9.3 Steel Making
  • 9.3.1 Overview
  • 9.3.2 Steel Making: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)
• 9.4 Construction
  • 9.4.1 Overview
  • 9.4.2 Construction: North America Direct Reduced Iron Market - Revenue and Forecast to 2028 (US$ Million)

10. Direct Reduced Iron Market - Geographic Analysis

• 10.1 North America: Direct Reduced Iron Market
  • 10.1.1 North America: Direct Reduced Iron Market -Volume and Forecast to 2028 (Kilo Tons)
  • 10.1.2 North America: Direct Reduced Iron Market -Revenue and Forecast to 2028 (US$ Million)
  • 10.1.3 North America: Direct Reduced Iron Market, by Key Country
    • 10.1.3.1 US: Direct Reduced Iron Market -Volume and Forecast to 2028 (Kilo Tons)
    • 10.1.3.2 US: Direct Reduced Iron Market -Revenue and Forecast to 2028 (US$ Million)
      • 10.1.3.2.1 US: Direct Reduced Iron Market, by Form
      • 10.1.3.2.2 US: Direct Reduced Iron Market, by Form
      • 10.1.3.2.3 US: Direct Reduced Iron Market, by Production Process
      • 10.1.3.2.4 US: Direct Reduced Iron Market, by Application
    • 10.1.3.3 Canada: Direct Reduced Iron Market-Volume and Forecast to 2028 (Kilo Tons)
    • 10.1.3.4 Canada: Direct Reduced Iron Market-Revenue and Forecast to 2028 (US$ Million)
      • 10.1.3.4.1 Canada: Direct Reduced Iron Market, by Form
      • 10.1.3.4.2 Canada: Direct Reduced Iron Market, by Form
      • 10.1.3.4.3 Canada: Direct Reduced Iron Market, by Production Process
      • 10.1.3.4.4 Canada: Direct Reduced Iron Market, by Application

11. Impact of COVID-19 Pandemic on North America Direct Reduced Iron Market

• 11.1 Impact of COVID-19 on Direct Reduced Iron Market
• 11.2 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

• 12.1 Overview
• 12.2 Merger and Acquisition

13. Company Profiles

• 13.1 Nucor Corp
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Cleveland-Cliffs Inc
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 Kobe Steel Ltd
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 SMS Group GmbH
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Voestalpine AG
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Ternium SA
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 JSW Steel Ltd
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 Tenova SpA
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 Liberty Steel Group Holdings UK Ltd
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments
• 13.10 Bharat Engineering Works Pvt Ltd
  • 13.10.1 Key Facts
  • 13.10.2 Business Description
  • 13.10.3 Products and Services
  • 13.10.4 Financial Overview
  • 13.10.5 SWOT Analysis
  • 13.10.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners
• 14.2 Word Index