Global Merchant Pig Iron Market Expected to Attain 8.7% CAGR And Reach USD 1,24,179 Million By 2027: Facts & Factors

March 17, 2021June 7, 2021 Raza

New York, NY, March 17, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Merchant Pig Iron Market By Type (Basic, High Purity, and Foundry), By Production Facility Type (Dedicated Merchant Plants and Integrated Steel Mills), and By End-User (Engineering & Industrial, Automobile, Railways, Agriculture & Tractor, Power Generation, Pipes & Fittings, Sanitary & Decorative, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027” .

“According to the research report, the global Merchant Pig Iron Market was estimated at USD 58,897 Million in 2018 and is expected to reach USD 1,24,179 Million by 2027. The global Merchant Pig Iron Market is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2020 to 2026”.

Pig iron is a hot metal that is solidified by a pig casting machine for producing a lumpy form. It is used to manufacture castings. Castings are mainly used by the engineering sector. Pig iron is mostly found in foundries. It comprises 2% Si and 4% C. White pig iron is formed due to the combined form of carbon and is light in color. The free form of carbon contributes to the grey pig iron. Additionally, pig iron is not used for welding purposes, as it is neither ductile nor malleable. Thus, it is used in wrought iron and puddling furnaces, and steel. An intermediate product of puddling is developed further to give finers metal or refined pig iron. There are three types of pig iron available in the market currently—basic, foundry, and high purity.

Request Your Free Sample Report of Merchant Pig Iron Market @ https://www.fnfresearch.com/sample/merchant-pig-iron-market-by-type-basic-high-175

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

2020 Updated Report Introduction, Overview, and In-depth industry analysis
COVID-19 Pandemic Outbreak Impact Analysis Included
190+ Pages Research Report (Inclusion of Updated Research)
Provide Chapter-wise guidance on Request
2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
Includes Updated List of table & figures
Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Key Questions Answered in this Report

1) What were the pre and post-business impacts of COVID-19 on the Merchant Pig Iron Market?

2) What is the market size, share of the Merchant Pig Iron Market?

3) Who are the top market players in the Merchant Pig Iron Market?

4) What will be the future market of Merchant Pig Iron Market?

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
Competitive Landscape – Top key vendors and other prominent vendors

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/merchant-pig-iron-market-by-type-basic-high-175

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact

Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.

We at Facts and Factors ( http://www.fnfresearch.com ) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.

Request Pre and Post COVID-19 Impact Analysis on Businesses: https://www.fnfresearch.com/sample/merchant-pig-iron-market-by-type-basic-high-175

Rising product demand by various end-user industries majorly driving the merchant pig iron market

The primary growth driver of the merchant pig iron market is the rising demand for pig iron by the engineering and automotive industries for manufacturing a wide range of casting components. The applications of pig iron are extensively found in the manufacturing of casting components in the automotive, energy, and engineering industries. Ductile iron casting uses pig iron molds. It helps in the depleted cost of scrap, aids in reducing storage space, and enhances the final composition of casting. In addition, the market for merchant pig iron is also propelled by the growing demand for steel across the world, for which merchant pig iron is the major raw material.

Top Market Players:

Key players operating in the merchant pig iron market are Baosteel, Benxi Steel, Cleveland-Cliffs, Donetsk Metallurgical Plant, KOBE Steel, Tata Metaliks, Maritime Iron, Metinvest, DXC Technology, Metalloinvest MC, Severstal, and Industrial Metallurgical Holding, among others.

To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/merchant-pig-iron-market-by-type-basic-high-175

The basic pig iron segment is projected to dominate the type segment

In 2018, the basic pig iron systems segment held more than 48.89% of share in the merchant pig iron market. It is also estimated to grow at a CAGR of 8.5% over the forecast time period, owing to it being a major raw material for steel manufacturing across the world.

Dedicated merchant plants are likely to lead the production facility type segment in the future

The dedicated merchant plants segment will be the fastest-growing in the future in the merchant pig iron market. It will register a CAGR of 9.4% over the estimated time period, owing to the rising demand for merchant pig iron due to its increasing requirement by engineering and automobile industries for manufacturing various casting parts.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/merchant-pig-iron-market-by-type-basic-high-175

The study provides a decisive view of the merchant pig iron market by segmenting it based on type, production facility type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027.

The most significant growth factor driving the merchant pig iron market is the increasing rate of steel manufacturing in blast furnaces. There is a high demand for steel, especially in urban cities that results in the increasing demand for merchant pig iron. It is cast into ingots. These ingots are then sold to companies and industries that use them as a raw material for ferrous casting and steel. In addition, the market for merchant pig iron is also fuelled by the rising product demand for casting components that are widely used by engineering and automotive industries.

By type, the market is categorized into high purity, foundry, and basic pig iron. Based on production facility type, the market is sectored into dedicated merchant plants and integrated steel mills. The end-user segment includes automobile, engineering, and industrial, pipes and fittings, sanitary and decorative, power generation, agriculture and tractor, railways, and others.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/merchant-pig-iron-market-by-type-basic-high-175

(We customize your report according to your research need. Ask our sales team for report customization.)

Asia Pacific to record the highest CAGR over the estimated timeline

The Asia Pacific is the fastest-growing merchant pig iron market and will register a CAGR of 9.8% in the future. This can be attributed to the growing technological advancements across the region, constantly changing market trends of the end-user industries of merchant pig iron, rising raw material affluence, and ever-increasing population.

Browse the full “Merchant Pig Iron Market By Type (Basic, High Purity, and Foundry), By Production Facility Type (Dedicated Merchant Plants and Integrated Steel Mills), and By End-User (Engineering & Industrial, Automobile, Railways, Agriculture & Tractor, Power Generation, Pipes & Fittings, Sanitary & Decorative, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027” report at https://www.fnfresearch.com/merchant-pig-iron-market-by-type-basic-high-175

Key Features of Merchant Pig Iron Market Report:

Merchant Pig Iron Market structure: Overview, industry life cycle analysis, supply chain analysis
Merchant Pig Iron Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Merchant Pig Iron Market size, trend, and forecast analysis
Merchant Pig Iron Market segments’ trend and forecast
Merchant Pig Iron Market’s competitive landscapes: Market share, Product portfolio, New product launches, etc.
Merchant Pig Iron Market attractiveness and associated growth opportunities
Emerging Trends in the Merchant Pig Iron Market.
Strategic growth opportunities for the existing and new players
Key success factors

This report segments the merchant pig iron market into:

Global Merchant Pig Iron Market: By Type

Cloud
On-Premises

Global Merchant Pig Iron Market: By Production Facility Type

Dedicated Merchant Plants
Integrated Steel Mills

Global Merchant Pig Iron Market: By End-User

Engineering and Industrial
Automobile
Railways
Power Generation
Agriculture and Tractor
Pipes and Fittings
Sanitary and Decoration
Others

KEY REPORT POINTERS & HIGHLIGHTS:

Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
Overview of Key Marketing Strategies and Key Industry vertical Adopted in the Market

Aircraft Fuel Tank Market: https://www.fnfresearch.com/global-aircraft-fuel-tank-market-by-type-external

Engine Cooling System Market: https://www.fnfresearch.com/global-engine-cooling-system-market-by-type-liquid

Automotive Wiring Harness Market: https://www.fnfresearch.com/global-automotive-wiring-harness-market-by-category-tubed

Automotive Relay Market: https://www.fnfresearch.com/global-automotive-relay-market-by-type-plug-in

About Facts & Factors (FnF Research):

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch

Follow Us Twitter: https://twitter.com/fnfresearch

Contact Us:

Facts & Factors

USA: +1-347-989-3985

Email: [email protected]

Web: https://www.fnfresearch.com

Blog: http://fnfnewsblog.com