The Asia Pacific Direct Reduced Iron (DRI) Market is expected to grow from US$ 16,011.13 million in 2023 to US$ 27,765.91 million by 2030. It is estimated to grow at a CAGR of 8.2% from 2023 to 2030.

Rise in Steel Production and Use Industry Fuel Asia Pacific Direct Reduced Iron (DRI) Market

Awareness regarding carbon emissions and taking a step ahead in achieving sustainable goals is the primary concern for manufacturing industries. Carbon emissions from manufacturing industries prominently contribute to the greenhouse gas generated throughout the world. According to the World Steel Association, the steel industry generated 3 billion tons of CO2 in 2021. CO2 emissions from the steel industry alone contribute to ~7–9% of overall greenhouse gas emissions, leading to a huge impact on the climate. Various government bodies are taking initiatives to reduce carbon emission levels to achieve a sustainable future. The hydrogen-based technology for ironmaking is one such process for nullifying carbon emissions by replacing coke and fossil fuel in traditional blast furnace-based steelmaking.

Asia Pacific Direct Reduced Iron (DRI) Market Overview

Asia Pacific comprises economies such as China, India, Japan, Malaysia, South Korea, and the Rest of Asia Pacific. Many of the Asia Pacific countries, such as China and India, are among the world’s fastest growing economy. With a growing industrialization, steel and construction industry are in high demand in Asia Pacific. Asia contributes to large percentage of the world’s production of steel. China, India, Japan, and South Korea made the top 10 list of steel producers globally. The construction industry is expanding in the Asia Pacific region due to its increasing urbanization.

Asia Pacific Direct Reduced Iron (DRI) Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Direct Reduced Iron (DRI) Market Segmentation

The Asia Pacific Direct Reduced Iron (DRI) Market is segmented into form, production process, application, and Country.

Based on from, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into lumps, pellets, and fine. The pellets segment held a larger share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on production process, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into coal based, and gas based. The coal-based segment held the largest share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on application, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into steel making, and construction. The construction held the largest share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Based on country, the Asia Pacific Direct Reduced Iron (DRI) Market is segmented into the China, India, Japan, Malaysia, South Korea, and the Rest of Asia Pacific. The India dominated the share of the Asia Pacific Direct Reduced Iron (DRI) Market in 2023.

Some of the key companies operating in the Asia Pacific Direct Reduxed Iron (DRI) are Kobe Steel Ltd; SMS Group GmbH; Voestalpine AG; JSW Steel Ltd; Tenova SpA; Liberty Steel Group Holdings UK Ltd; and Bharat Engineering Works Pvt Ltd.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Direct Reduced Iron (DRI) Market, by Form
1.3.2 Asia Pacific Direct Reduced Iron (DRI) Market, by Production Process
1.3.3 Asia Pacific Direct Reduced Iron (DRI) Market, by Application
1.3.4 Asia Pacific Direct Reduced Iron (DRI) Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Direct Reduced Iron (DRI) Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors/Suppliers
4.3.5 End-Use Industries
4.4 Expert Opinion
5. Asia Pacific Direct Reduced Iron (DRI) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Steel Production and Use
5.1.2 Expansion of Direct Reduced Iron Plants
5.2 Market Restraints
5.2.1 Shortage of High-Quality Raw Materials
5.3 Market Opportunities
5.3.1 Rising Preference for Green Steel Production
5.4 Future Trends
5.4.1 Initiatives by Various Government Bodies to Lower Carbon Footprint
5.5 Impact Analysis
6. Direct Reduced Iron (DRI) –Asia Pacific Market Analysis
6.1 Asia Pacific Direct Reduced Iron (DRI) Market Overview
6.2 Asia Pacific Direct Reduced Iron (DRI) Market –Volume and Forecast to 2030 (Kilo Tons)
6.3 Asia Pacific Direct Reduced Iron (DRI) Market –Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Direct Reduced Iron (DRI) Market Analysis – By Form
7.1 Overview
7.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Form (2022 and 2030)
7.3 Lumps
7.3.1 Overview
7.3.2 Lumps: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.3.3 Lumps: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Pellets
7.4.1 Overview
7.4.2 Pellets: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.4.3 Pellets: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Fine
7.5.1 Overview
7.5.2 Fine: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
7.5.3 Fine: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Direct Reduced Iron (DRI) Market Analysis – By Production Process
8.1 Overview
8.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Production Process (2022 and 2030)
8.3 Coal Based
8.3.1 Overview
8.3.2 Coal Based: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Gas Based
8.4.1 Overview
8.4.2 Gas Based: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Direct Reduced Iron (DRI) Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific Direct Reduced Iron (DRI) Market, By Application (2022 and 2030)
9.3 Steel Making
9.3.1 Overview
9.3.2 Steel Making: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Construction
9.4.1 Overview
9.4.2 Construction: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Direct Reduced Iron Market –Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Direct Reduced Iron Market –Volume and Forecast to 2030 (Kilo Tons)
10.1.2 Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3 Asia Pacific: Direct Reduced Iron Market, by Key Country
10.1.3.1 Malaysia: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.2 Malaysia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.2.1 Malaysia: Direct Reduced Iron Market, by Form
10.1.3.2.2 Malaysia: Direct Reduced Iron Market, by Form
10.1.3.2.3 Malaysia: Direct Reduced Iron Market, by Production Process
10.1.3.2.4 Malaysia: Direct Reduced Iron Market, by Application
10.1.3.3 China: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.4 China: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.4.1 China: Direct Reduced Iron Market, by Form
10.1.3.4.2 China: Direct Reduced Iron Market, by Form
10.1.3.4.3 China: Direct Reduced Iron Market, by Production Process
10.1.3.4.4 China: Direct Reduced Iron Market, by Application
10.1.3.5 India: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.6 India: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.6.1 India: Direct Reduced Iron Market, by Form
10.1.3.6.2 India: Direct Reduced Iron Market, by Form
10.1.3.6.3 India: Direct Reduced Iron Market, by Production Process
10.1.3.6.4 India: Direct Reduced Iron Market, by Application
10.1.3.7 Japan: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.8 Japan: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.8.1 Japan: Direct Reduced Iron Market, by Form
10.1.3.8.2 Japan: Direct Reduced Iron Market, by Form
10.1.3.8.3 Japan: Direct Reduced Iron Market, by Production Process
10.1.3.8.4 Japan: Direct Reduced Iron Market, by Application
10.1.3.9 South Korea: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.10 South Korea: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.10.1 South Korea: Direct Reduced Iron Market, by Form
10.1.3.10.2 South Korea: Direct Reduced Iron Market, by Form
10.1.3.10.3 South Korea: Direct Reduced Iron Market, by Production Process
10.1.3.10.4 South Korea: Direct Reduced Iron Market, by Application
10.1.3.11 Rest of Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
10.1.3.12 Rest of Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
10.1.3.12.1 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
10.1.3.12.2 Rest of Asia Pacific: Direct Reduced Iron Market, by Form
10.1.3.12.3 Rest of Asia Pacific: Direct Reduced Iron Market, by Production Process
10.1.3.12.4 Rest of Asia Pacific: Direct Reduced Iron Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Merger and Acquisition
12. Company Profiles
12.1 Kobe Steel Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 SMS Group GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Voestalpine AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.5 JSW Steel Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Tenova SpA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Liberty Steel Group Holdings UK Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Bharat Engineering Works Pvt Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms

LIST OF TABLES

Table 1. Asia Pacific Direct Reduced Iron (DRI) Market –Volume and Forecast to 2030 (Kilo Tons)
Table 2. Asia Pacific Direct Reduced Iron (DRI) Market –Revenue and Forecast to 2030 (US$ Million)
Table 3. Malaysia Direct Reduced Iron Market, by Form– Volume and Forecast to 2030 (Kilo Tons)
Table 4. Malaysia Direct Reduced Iron Market, by Form– Revenue and Forecast to 2030 (US$ Million)
Table 5. Malaysia Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 6. Malaysia Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. China Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 8. China Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 9. China Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 10. China Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. India Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 12. India Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 13. India Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 14. India Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 15. Japan Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 16. Japan Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 17. Japan Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 18. Japan Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 19. South Korea Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 20. South Korea Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 21. South Korea Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 22. South Korea Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 23. Rest of Asia Pacific Direct Reduced Iron Market, by Form – Volume and Forecast to 2030 (Kilo Tons)
Table 24. Rest of Asia Pacific Direct Reduced Iron Market, by Form – Revenue and Forecast to 2030 (US$ Million)
Table 25. Rest of Asia Pacific Direct Reduced Iron Market, by Production Process – Revenue and Forecast to 2030 (US$ Million)
Table 26. Rest of Asia Pacific Direct Reduced Iron Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 27. Glossary of Terms, Asia Pacific Direct Reduced Iron (DRI) Market

LIST OF FIGURES

Figure 1. Asia Pacific Direct Reduced Iron (DRI) Market Segmentation
Figure 2. Asia Pacific Direct Reduced Iron (DRI) Market Segmentation – By Country
Figure 3. Asia Pacific Direct Reduced Iron (DRI) Market Overview
Figure 4. Asia Pacific Direct Reduced Iron (DRI) Market, By Form
Figure 5. Asia Pacific Direct Reduced Iron (DRI) Market, by Country
Figure 6. Porter’s Five Forces Analysis of Asia Pacific Direct Reduced Iron (DRI) Market
Figure 7. Asia Pacific Direct Reduced Iron (DRI) Market, Ecosystem
Figure 8. Expert Opinion
Figure 9. Asia Pacific Direct Reduced Iron (DRI) Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 11. Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asia Pacific Direct Reduced Iron (DRI) Market Revenue Share, By Form (2022 and 2030)
Figure 13. Lumps: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 14. Lumps: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 15. Pellets: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 16. Pellets: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 17. Fine: Asia Pacific Direct Reduced Iron (DRI) Market – Volume and Forecast To 2030 (Kilo Tons)
Figure 18. Fine: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 19. Asia Pacific Direct Reduced Iron (DRI) Market Revenue Share, By Production Process (2022 and 2030)
Figure 20. Coal Based: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 21. Gas Based: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 22. Asia Pacific Direct Reduced Iron (DRI) Market Revenue Share, By Application (2022 and 2030)
Figure 23. Steel Making: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 24. Construction: Asia Pacific Direct Reduced Iron (DRI) Market – Revenue and Forecast To 2030 (US$ Million)
Figure 25. Asia Pacific: Direct Reduced Iron Market, By Key Country – Revenue (2022) (US$ Million)
Figure 26. Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 27. Asia Pacific: Direct Reduced Iron Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Asia Pacific: Direct Reduced Iron Market Revenue Share, by Key Country (2022 and 2030)
Figure 29. Malaysia: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 30. Malaysia: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 31. China: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 32. China: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 33. India: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 34. India: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 35. Japan: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 36. Japan: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 37. South Korea: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 38. South Korea: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)
Figure 39. Rest of Asia Pacific: Direct Reduced Iron Market – Volume and Forecast to 2030 (Kilo Tons)
Figure 40. Rest of Asia Pacific: Direct Reduced Iron Market –Revenue and Forecast to 2030 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific direct reduced iron (DRI) market.
● Highlights key business priorities to assist companies to realign their business strategies.
● The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific direct reduced iron (DRI) market, thereby allowing players across the value chain to develop effective long-term strategies.
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

The List of Companies – Asia Pacific Direct Reduced Iron (DRI) Market

● Kobe Steel Ltd
● SMS Group GmbH
● Voestalpine AG
● JSW Steel Ltd
● Tenova SpA
● Liberty Steel Group Holdings UK Ltd
● Bharat Engineering Works Pvt Ltd