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PUBLISHER: Grand View Research | PRODUCT CODE: 1679567
PUBLISHER: Grand View Research | PRODUCT CODE: 1679567
Direct Reduced Iron Market Size, Share & Trends Analysis Report, By End-use (Steelmaking), By Form (Cold Direct Reduced Iron, Hot Direct Reduced Iron, Hot Briquetted Iron), By Region (North America, Europe, APAC), And Segment Forecasts, 2025 - 2030
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Direct Reduced Iron Market Growth & Trends:
The global direct reduced iron market size is anticipated to reach USD 68.98 billion by 2030 and is projected to grow at a CAGR of 7.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. DRI, also known as sponge iron, is a critical raw material used in steel production, particularly in electric arc furnaces (EAFs). As global urbanization and industrialization accelerate, particularly in emerging economies, the need for steel has surged, boosting the demand for DRI. This trend is expected to continue as developing nations invest heavily in infrastructure projects, further propelling market growth.
Traditional blast furnace steelmaking methods are highly carbon-intensive, contributing significantly to greenhouse gas emissions. In contrast, DRI production emits considerably lower levels of CO2, especially when paired with renewable energy sources or natural gas. The shift toward cleaner steelmaking processes has gained momentum as governments and industries worldwide adopt stricter environmental regulations and aim to reduce carbon footprints. This has positioned DRI as a more sustainable alternative, driving its adoption and market growth.
Technological advancements in DRI production processes have also played a crucial role in market expansion. Innovations in gas- and coal-based DRI technologies have improved production efficiency, cost-effectiveness, and scalability. For instance, developing advanced gas-based reduction technologies has enabled using natural gas as a reducing agent, which is both economically viable and environmentally friendly. These technological improvements have made DRI production more accessible to a wider range of steel manufacturers, further stimulating market growth.
The availability of abundant natural gas resources, particularly in regions like the Middle East and North America, has also been a significant growth driver for the direct reduced iron industry. Natural gas is a key input in gas-based DRI production, and its relatively low cost in these regions has made DRI production more economically attractive. In addition, the shale gas boom in the U.S. has further enhanced the competitiveness of DRI production, leading to a surplus of affordable natural gas. This has encouraged investments in DRI plants and supported the market's expansion in these regions.
Direct Reduced Iron Market Report Highlights:
- Based on end use, the steelmaking segment led the market with the largest revenue share of 83.8% in 2024, due to the growing demand for steel in construction, automotive, and infrastructure projects. This trend is expected to continue as urbanization and industrialization accelerate globally.
- Based on form, the cold direct reduced iron (CDRI) segment led the market with the largest revenue share of 78.8% in 2024, driven by its increasing use in steelmaking due to its high efficiency and cost-effectiveness. The demand for CDRI is also boosted by its environmental benefits, such as lower carbon emissions compared to traditional methods.
- Asia Pacific is the dominant the market with the largest revenue share of 56.8% in 2024, due to the region's strong industrial base, rapid urbanization, and high steel production capacity.
Product Code: GVR-4-68040-525-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Direct Reduced Iron Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Direct Reduced Iron Market: End Use Estimates & Trend Analysis
- 4.1. Direct Reduced Iron Market: End Use Movement Analysis, 2024 & 2030
- 4.2. Steelmaking
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Others
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Direct Reduced Iron Market: Form Estimates & Trend Analysis
- 5.1. Direct Reduced Iron Market: Form Movement Analysis, 2024 & 2030
- 5.2. Cold Direct Reduced Iron (CDRI)
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Hot Direct Reduced Iron (CDRI)
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Hot Briquetted Iron (HBI)
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Direct Reduced Iron Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Spain
- 6.3.5.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Italy
- 6.3.6.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. Argentina
- 6.5.4.1. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end-users
- 7.6. Strategy Initiatives
- 7.7. Company Profiles/Listing
- 7.7.1. Qatar Steel
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Kobe Steel Ltd
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. ArcelorMittal
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Ghadir Iron and Steel Company
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Khorasan Steel II
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. NUCOR
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Khouzestan Steel Company
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Welspun Group
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Jindal Shadeed Iron & Steel LLC
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. AM/NS India
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.11. Tosyali Algeria A.S.
- 7.7.11.1. Company Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.1. Qatar Steel
Product Code: GVR-4-68040-525-5
List of Tables
- Table 1. Direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2. Direct reduced iron market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 3. Direct reduced iron market estimates and forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 4. North America direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 5. North America direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 6. North America direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 7. U.S. direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8. U.S. direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 9. U.S. direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 10. Canada direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11. Canada direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 12. Canada direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 13. Mexico direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14. Mexico direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 15. Mexico direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 16. Europe direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17. Europe direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 18. Europe direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 19. Germany direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 20. Germany direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 21. Germany direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 22. Spain direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23. Spain direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 24. Spain direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 25. Italy direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 26. Italy direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 27. Italy direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 28. Asia Pacific direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29. Asia Pacific direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 30. Asia Pacific direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 31. China direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 32. China direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 33. China direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 34. India direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 35. India direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 36. India direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 37. Japan direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 38. Japan direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 39. Japan direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 40. CSA direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 41. CSA direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 42. CSA direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 43. Argentina direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 44. Argentina direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 45. Argentina direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
- Table 46. Middle East & Africa direct reduced iron market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 47. Middle East & Africa direct reduced iron market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- Table 48. Middle East & Africa direct reduced iron market estimates & forecasts, by form, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- Fig 1. Market segmentation
- Fig 2. Information procurement
- Fig 3. Data analysis models
- Fig 4. Market formulation and validation
- Fig 5. Market snapshot
- Fig 6. Segmental outlook
- Fig 7. Competitive outlook
- Fig 8. Direct reduced iron market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig 9. Value chain analysis
- Fig 10. Market dynamics
- Fig 11. Porter's analysis
- Fig 12. PESTEL analysis
- Fig 13. Direct reduced iron market, by end use: Key takeaways
- Fig 14. Direct reduced iron market, by end use: Market share, 2024 & 2030
- Fig 15. Direct reduced iron market, by form: Key takeaways
- Fig 16. Direct reduced iron market, by form: Market share, 2024 & 2030
- Fig 17. Direct reduced iron market: regional analysis, 2024
- Fig 18. Direct reduced iron market, by region: Key takeaways
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