Jul 08, 2021 (The Expresswire) -- The “ Ferric Oxide Market ” research report is an exclusive research that provides holistic overview of quickly changing business sector situation and future development status. The research examines and provides granulated insights in terms of market drivers and opportunities with future estimates, development openings. It offers details of the key players operating in the market along with focusing on market revenue estimates, growth rate and forecast for coming years. The Ferric Oxide Industry research report offers significant yet in-depth analysis of market shares of players and key market segments for various regions across the globe.
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Global Ferric Oxide Market: Information by Application (Steel Production, Pigments, Radiation Shielding, Ballast, Jewelry and others) and Region (Europe, Asia-Pacific, North America, Latin America and Middle East and Africa) - Forecast till 2030
Ferric Oxide Market Analysis:
Ferric oxide (Fe�??O�??) is used in the iron industry in the manufacturing of alloys and steel. It is an inorganic compound also known as hematite. The Food and Drug Administration (FDA) has allowed ferric oxide pigment for use in the cosmetics. Furthermore, ferric oxide granules are utilized in the form of filtration media for eradicating phosphates in saltwater aquariums. The growing adoption in steel production is the primary driver of the global ferric oxide market. The increase in the application of steel in the key end-use industries such as transportation, construction, energy, packaging, and consumer appliances is also a crucial factor driving market growth. Steel finds usage in the manufacturing of automobile structures doors, gears, wheels, steering, engine blocks, braking systems, panels, suspension, and fuel tanks. The rising acceptance of iron oxide nanoparticles in wastewater treatment is an tremendous prospect for the players in the market. However, the stringent regulations on mining activities are expected to restrain market growth during the review period. The Global Ferric Oxide Market is anticipated to record a CAGR of 4.99% to attain a value of USD 2,414,382.9 Million by the year 2030.The steelmaking process begins with the dispensation of iron ores, which are mainly iron oxides and include magnetite, hematite, limonite, and other rocks. As per the to the World Steel Association, the global steel industry utilizes about 2 billion tons of iron ore, 1 billion tons of metallurgical coal, and 575 million tons of recycled steel to produce 1.7 billion tons of crude steel annually. The iron-ore based steelmaking responsible for nearly 70% of the world steel production. Also, the consumption of advanced high-strength steel (AHSS) is also rising as it helps to lower the overall weight of the vehicle and boost fuel efficiency. The development of new grades of AHSS has empowered the manufacturers to lessen the overall vehicle weight by 2539% as equated to conventional steel.
The steel production segment which is based on application is accounted for more than 45% of the global market share in the year 2017. Rising in the adoption of steel in the construction industry for building residential and commercial infrastructure is anticipated to drive the growth of the segment. the construction industry consumes around 50% of the world steel produced and the global crude steel production reached 1,809.6 million tons in 2018, an increase of 4.59% as compared to the year 2017, as per the World Steel Association.
Carajàs Mine (Vale) (Brazil), SIMEC (AustraliaShree Minerals Ltd (Australia), Atlas Iron Pty Ltd (Australia), Cleveland-Cliffs Inc (US), Karara Mining Ltd (Australia) Western Australia Iron Ore (BHP) (Australia), Applied Minerals Inc (US), ), Fortescue Metals Group Ltd (Australia), and Labrador Iron Mines (Canada) are some of the Ferric Oxide Market Report Covers Major Players: in the Global Ferric oxide Market.
the largest share in 2017 was accounted by Asia-Pacific market, and during the forecast period, the regional market is expected to reach a CAGR of over 5%. China is responsible for more than 30% of the regional market share in the year 2017. However, the Indian market is likely to exhibit significant growth and develop as the fastest-growing market registering a CAGR of more than 6% during the forecast period of 2018 to 2030. Due to the extensive consumption of steel used in the production of automobile components, European Market is supposed to exhibit substantial CAGR during the review period. Countries like Germany, France, the UK, and Russia being the main contributors.
Ferric Oxide Market Segmentation:
Global Ferric Oxide Market has been segmented by Application and by region. By application it is segmented into Steel Production, Pigments, Radiation Shielding, Ballast, Jewelry and Others. By region it is segmented into regions like North America (US and Canada),Europe (Germany, France, UK, Italy, Russia, Spain, The Netherlands, Belgium, Poland and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Thailand, Malaysia, Indonesia and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina and Rest of Latin America) and Middle East and Africa (Turkey, UAE, Saudi Arabia, Israel, North Africa and Rest of Middle East and Africa)
Key insights into the global research report:
Comprehensive analysis of global market drivers and restraints
Business profiles of key market players
Competitive analysis of the global market
Demand-supply chain analysis
Some significant sales strategies and methodologies
Global market trending topics and its influence on the global market
Technological advancements and innovative platforms
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Key Questions Answered in The Ferric Oxide Market Report:
What will the Ferric Oxide market growth rate?
What are the key factors driving the global Ferric Oxide market?
Who are the key manufacturers in Ferric Oxide market space?
What are the market opportunities, market risk and market overview of the Ferric Oxide market?
What are sales, revenue, and price analysis of top manufacturers of Ferric Oxide market?
Who are the distributors, traders and dealers of Ferric Oxide market?
What are the Ferric Oxide market opportunities and threats faced by the vendors in the global Ferric Oxide Industry?
What are sales, revenue, and price analysis by types and applications of Ferric Oxide Industry?
What are sales, revenue, and price analysis by regions of Ferric Oxide industry?
Key Highlights of the Table of Contents:
Ferric Oxide Market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Ferric Oxide Market and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and applications.
Ferric Oxide Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
Ferric Oxide Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.
Ferric Oxide Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.
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Detailed TOC of Ferric Oxide Market Forecast Report 2021:
1 Ferric Oxide Market Introduction
2 Executive Summary
3 Ferric Oxide Market Introduction
3.2 Scope of the Study
3.3 List of Assumptions
3.4 Market Structure
4 Ferric Oxide Market Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Ferric Oxide Market Dynamics
6 Ferric Oxide Market Factor Analysis
6.1 Porter’s Five Forces Model