Adroit Market Research Global Iron Ore Market Size, Share , Industry Grow | Page 2

Adroit Market Research Global Iron Ore Market Size, Status and Forecast 2018-2025 • Iron ore industry analysis says that producers mainly export the products internationally, they prefer integrated road, seaway, rail logistic system for exports. Primary challenge faced is availability of efficient logistics service across the globe. In trade, seaborne is the most preferred iron ore export and import as the benefits it offer include lower economy and cost of scale. It has been registered that with the demand for steel and growing steel manufacturing industry from end- user sectors, the seaborne trade in China accounted for more than half of the share of the global market during the year 2017. It identifies that rising seaborne iron ore trade will drive the iron ore market during the forecast period. The iron ore market 2018 has projected a value of xx Mn, it is anticipated that the global iron ore market size will attain a value of xx Mn with a CAGR of x% by the end of 2025 which holds a value of xx Mn. • Globally, iron is considered an important commodity. The amount of extraction and usage has direct relation with respective country’s GDP. The driving factors include higher industrialization and increasing infrastructure development. Iron ore is extensively used for maritime purpose, automobiles and general industrial application and structural engineering application. Hence, the global iron ore mining market is expected to grow in the near future. Iron ore mining business is known as capital intensive as adequate capital is invested for heavy machinery and equipment essential for mining activities. Different nation’s governments are launching and introducing new policies and perks to pool private investors in the mining business. Advanced technology, liberalization in mining policies and higher mineral prices offer opportunities to the mining sector. [phone] [email protected] www.adroitmarketresearch.com