Global Iron Ore Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Iron Ore market size was valued at US$ 182040 million in 2024 and is forecast to a readjusted size of USD 153420 million by 2031 with a CAGR of -2.4% during review period.

Iron ore is a relatively abundant metallic element (it composes about 5% of the Earth’s crust) and the main raw material used in steelmaking. Around 98% of global mined iron ore is used to make pig iron, which is an intermediate product of the steel-making process. The remaining 2% is used in several applications, such as production of cement, printing inks, plastics, cosmetics (eye shadow), artistic colors, fertilizer ingredients, and pigments. Currently, iron ore is mined in over 50 countries; however, the bulk of production comes from Australia, Brazil and China.

The global iron ore market is highly fragmented with small and large vendors. The key vendors in the market are BHP, Vale, Rio Tinto etc. The top 3 companies hold a share about 40%. Asia Pacific is the largest market, with a share about 70%, followed by South America with the share about 20%.

This report is a detailed and comprehensive analysis for global Iron Ore market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Iron Ore market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Iron Ore market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Iron Ore market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Iron Ore market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Iron Ore

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Iron Ore market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Rio Tinto, Vale, BHP, FMG, HPPL, Anglo American, ArcelorMittal, Ansteel Mining, NMDC, Metinvest, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Iron Ore market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Sinter feed
Pellet feed
Lump
Pellet

Market segment by Application
Cold-rolled Sheet
Hot-Rolled Sheet
Rod and Wires
Pipes
Ingots and Semi-finished Steel
Others

Major players covered
Rio Tinto
Vale
BHP
FMG
HPPL
Anglo American
ArcelorMittal
Ansteel Mining
NMDC
Metinvest
LKAB
Metalloinvest
CSN
NLMK
MRL
CAP
Severstal
EVRAZ
Cleveland-Cliffs
Ferrexpo
SSGPO
HBIS Resources
Huaxia Jianlong
Hainan Mining
Dazhong Mining
IRC
Jinling
Hanking

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Iron Ore product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Iron Ore, with price, sales quantity, revenue, and global market share of Iron Ore from 2020 to 2025.

Chapter 3, the Iron Ore competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Iron Ore breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Iron Ore market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Iron Ore.

Chapter 14 and 15, to describe Iron Ore sales channel, distributors, customers, research findings and conclusion.