Global Hot Briquetted Iron (HBI) Market Insights and Forecast to 2027
Report Code: KNJ974014 No. of Pages: 119 Category: Chemicals and Materials
Publisher: Date of Publish:
Publisher: Date of Publish:
Hot Briquetted Iron (HBI) is a premium form of DRI that has been compacted at a temperature greater than 650° C at time of compaction and has a density greater than 5,000 kilograms per cubic metre (5,000 kg/m3).
HBI was developed as a product in order to overcome the problems associated with shipping and handling of DRI - due to the process of compaction it is very much less porous and therefore very much less reactive than DRI and does not suffer from the risk of self-heating associated with DRI.
Hot briquetted iron (HBI) is a form of direct reduced iron (DRI) with high iron content (>90%), high density greater than 5,000 kilograms per cubic meter, and has compaction temperature greater than 650°C. HBI is produced by reducing iron ore with natural gas in the form of briquettes. These briquettes are produced using the fluid bed process under temperature of 700° C and high pressing forces. HBI is used as a supplement scrap for electric furnace steel mills and pig iron.
The classification of Hot briquetted iron includes Fe Content 90-92% and Fe Content >92%. The proportion of Fe Content 90-92% in 2018 is about 77%.
Hot briquetted iron is application in Electric Arc Furnaces, Blast Furnaces, and Basic Oxygen Furnaces. The most of Hot briquetted iron is used in Electric Arc Furnaces, and the market share in 2018 is about 76%. Rising demand for HBI to overcome problems associated with DRI during shipping and handling is driving the global hot briquetted iron (HBI) market. Compaction process of HBI is less porous and reactive than DRI; therefore, it does not create self-heating issues. This, in turn, is anticipated to propel the demand for global hot briquetted iron (HBI) market during the forecast period. Additionally, most manufacturers of steel across the globe are shifting their modes of production of steel from traditional blast furnace technology to electric furnace process due to increasing environmental pollution.
Market Analysis and Insights: Global Hot Briquetted Iron (HBI) Market
The global Hot Briquetted Iron (HBI) market is valued at US$ 2732 million in 2019. The market size will reach US$ 3276.4 million by the end of 2026, growing at a CAGR of 2.6% during 2021-2026.
Global Hot Briquetted Iron (HBI) Scope and Segment
Hot Briquetted Iron (HBI) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Hot Briquetted Iron (HBI) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Fe Content 90-92%
Fe Content >92%
In 2018, Fe Content 90-92% accounted for a major share of 73% in the global Hot Briquetted Iron (HBI) market. And this product segment is poised to reach 2707 K MT by 2025 from 1954 K MT in 2018.
Segment by Application
Electric Arc Furnaces
Blast Furnaces
Basic Oxygen Furnaces
The largest mIn Hot Briquetted Iron (HBI) market, Electric Arc Furnaces segment holds an important share in terms of application, and it is expected to reach a volume of 9369 (K MT) by 2025. It means that Hot Briquetted Iron (HBI) will be promising in the Electric Arc Furnaces field in the next couple of years.
arket share is Electric Arc Furnaces.
By Company
Metalloinvest
Orinoco Iron
Voestalpine
Jindal Shadeed
Qatar Steel
Essar Steel
Lisco
Comsigua
Lion Group
JSW Steel
Production by Region
North America
Europe
South America
Middle East&Africa
India
Southeast Asia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
1 Study Coverage
1.1 Hot Briquetted Iron (HBI) Product Introduction
1.2 Market by Type
1.2.1 Global Hot Briquetted Iron (HBI) Market Size Growth Rate by Type
1.2.2 Fe Content 90-92%
1.2.3 Fe Content >92%
1.3 Market by Application
1.3.1 Global Hot Briquetted Iron (HBI) Market Size Growth Rate by Application
1.3.2 Electric Arc Furnaces
1.3.3 Blast Furnaces
1.3.4 Basic Oxygen Furnaces
1.4 Study Objectives
1.5 Years Considered
2 Global Hot Briquetted Iron (HBI) Production
2.1 Global Hot Briquetted Iron (HBI) Production Capacity (2016-2027)
2.2 Global Hot Briquetted Iron (HBI) Production by Region: 2016 VS 2021 VS 2027
2.3 Global Hot Briquetted Iron (HBI) Production by Region
2.3.1 Global Hot Briquetted Iron (HBI) Historic Production by Region (2016-2021)
2.3.2 Global Hot Briquetted Iron (HBI) Forecasted Production by Region (2022-2027)
2.4 North America
2.5 Europe
2.6 South America
2.7 Middle East&Africa
2.8 India
2.9 Southeast Asia
3 Global Hot Briquetted Iron (HBI) Sales in Volume & Value Estimates and Forecasts
3.1 Global Hot Briquetted Iron (HBI) Sales Estimates and Forecasts 2016-2027
3.2 Global Hot Briquetted Iron (HBI) Revenue Estimates and Forecasts 2016-2027
3.3 Global Hot Briquetted Iron (HBI) Revenue by Region: 2016 VS 2021 VS 2027
3.4 Global Top Hot Briquetted Iron (HBI) Regions by Sales
3.4.1 Global Top Hot Briquetted Iron (HBI) Regions by Sales (2016-2021)
3.4.2 Global Top Hot Briquetted Iron (HBI) Regions by Sales (2022-2027)
3.5 Global Top Hot Briquetted Iron (HBI) Regions by Revenue
3.5.1 Global Top Hot Briquetted Iron (HBI) Regions by Revenue (2016-2021)
3.5.2 Global Top Hot Briquetted Iron (HBI) Regions by Revenue (2022-2027)
3.6 North America
3.7 Europe
3.8 Asia-Pacific
3.9 Latin America
3.10 Middle East & Africa
4 Competition by Manufactures
4.1 Global Hot Briquetted Iron (HBI) Supply by Manufacturers
4.1.1 Global Top Hot Briquetted Iron (HBI) Manufacturers by Production Capacity (2020 VS 2021)
4.1.2 Global Top Hot Briquetted Iron (HBI) Manufacturers by Production (2016-2021)
4.2 Global Hot Briquetted Iron (HBI) Sales by Manufacturers
4.2.1 Global Top Hot Briquetted Iron (HBI) Manufacturers by Sales (2016-2021)
4.2.2 Global Top Hot Briquetted Iron (HBI) Manufacturers Market Share by Sales (2016-2021)
4.2.3 Global Top 10 and Top 5 Companies by Hot Briquetted Iron (HBI) Sales in 2020
4.3 Global Hot Briquetted Iron (HBI) Revenue by Manufacturers
4.3.1 Global Top Hot Briquetted Iron (HBI) Manufacturers by Revenue (2016-2021)
4.3.2 Global Top Hot Briquetted Iron (HBI) Manufacturers Market Share by Revenue (2016-2021)
4.3.3 Global Top 10 and Top 5 Companies by Hot Briquetted Iron (HBI) Revenue in 2020
4.4 Global Hot Briquetted Iron (HBI) Sales Price by Manufacturers
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Hot Briquetted Iron (HBI) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5.3 Global Hot Briquetted Iron (HBI) Manufacturers Geographical Distribution
4.6 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Hot Briquetted Iron (HBI) Sales by Type
5.1.1 Global Hot Briquetted Iron (HBI) Historical Sales by Type (2016-2021)
5.1.2 Global Hot Briquetted Iron (HBI) Forecasted Sales by Type (2022-2027)
5.1.3 Global Hot Briquetted Iron (HBI) Sales Market Share by Type (2016-2027)
5.2 Global Hot Briquetted Iron (HBI) Revenue by Type
5.2.1 Global Hot Briquetted Iron (HBI) Historical Revenue by Type (2016-2021)
5.2.2 Global Hot Briquetted Iron (HBI) Forecasted Revenue by Type (2022-2027)
5.2.3 Global Hot Briquetted Iron (HBI) Revenue Market Share by Type (2016-2027)
5.3 Global Hot Briquetted Iron (HBI) Price by Type
5.3.1 Global Hot Briquetted Iron (HBI) Price by Type (2016-2021)
5.3.2 Global Hot Briquetted Iron (HBI) Price Forecast by Type (2022-2027)
6 Market Size by Application
6.1 Global Hot Briquetted Iron (HBI) Sales by Application
6.1.1 Global Hot Briquetted Iron (HBI) Historical Sales by Application (2016-2021)
6.1.2 Global Hot Briquetted Iron (HBI) Forecasted Sales by Application (2022-2027)
6.1.3 Global Hot Briquetted Iron (HBI) Sales Market Share by Application (2016-2027)
6.2 Global Hot Briquetted Iron (HBI) Revenue by Application
6.2.1 Global Hot Briquetted Iron (HBI) Historical Revenue by Application (2016-2021)
6.2.2 Global Hot Briquetted Iron (HBI) Forecasted Revenue by Application (2022-2027)
6.2.3 Global Hot Briquetted Iron (HBI) Revenue Market Share by Application (2016-2027)
6.3 Global Hot Briquetted Iron (HBI) Price by Application
6.3.1 Global Hot Briquetted Iron (HBI) Price by Application (2016-2021)
6.3.2 Global Hot Briquetted Iron (HBI) Price Forecast by Application (2022-2027)
7 North America
7.1 North America Hot Briquetted Iron (HBI) Market Size by Type
7.1.1 North America Hot Briquetted Iron (HBI) Sales by Type (2016-2027)
7.1.2 North America Hot Briquetted Iron (HBI) Revenue by Type (2016-2027)
7.2 North America Hot Briquetted Iron (HBI) Market Size by Application
7.2.1 North America Hot Briquetted Iron (HBI) Sales by Application (2016-2027)
7.2.2 North America Hot Briquetted Iron (HBI) Revenue by Application (2016-2027)
7.3 North America Hot Briquetted Iron (HBI) Sales by Country
7.3.1 North America Hot Briquetted Iron (HBI) Sales by Country (2016-2027)
7.3.2 North America Hot Briquetted Iron (HBI) Revenue by Country (2016-2027)
7.3.3 U.S.
7.3.4 Canada
8 Europe
8.1 Europe Hot Briquetted Iron (HBI) Market Size by Type
8.1.1 Europe Hot Briquetted Iron (HBI) Sales by Type (2016-2027)
8.1.2 Europe Hot Briquetted Iron (HBI) Revenue by Type (2016-2027)
8.2 Europe Hot Briquetted Iron (HBI) Market Size by Application
8.2.1 Europe Hot Briquetted Iron (HBI) Sales by Application (2016-2027)
8.2.2 Europe Hot Briquetted Iron (HBI) Revenue by Application (2016-2027)
8.3 Europe Hot Briquetted Iron (HBI) Sales by Country
8.3.1 Europe Hot Briquetted Iron (HBI) Sales by Country (2016-2027)
8.3.2 Europe Hot Briquetted Iron (HBI) Revenue by Country (2016-2027)
8.3.3 Germany
8.3.4 France
8.3.5 U.K.
8.3.6 Italy
8.3.7 Russia
9 Asia Pacific
9.1 Asia Pacific Hot Briquetted Iron (HBI) Market Size by Type
9.1.1 Asia Pacific Hot Briquetted Iron (HBI) Sales by Type (2016-2027)
9.1.2 Asia Pacific Hot Briquetted Iron (HBI) Revenue by Type (2016-2027)
9.2 Asia Pacific Hot Briquetted Iron (HBI) Market Size by Application
9.2.1 Asia Pacific Hot Briquetted Iron (HBI) Sales by Application (2016-2027)
9.2.2 Asia Pacific Hot Briquetted Iron (HBI) Revenue by Application (2016-2027)
9.3 Asia Pacific Hot Briquetted Iron (HBI) Sales by Region
9.3.1 Asia Pacific Hot Briquetted Iron (HBI) Sales by Region (2016-2027)
9.3.2 Asia Pacific Hot Briquetted Iron (HBI) Revenue by Region (2016-2027)
9.3.3 China
9.3.4 Japan
9.3.5 South Korea
9.3.6 India
9.3.7 Australia
9.3.8 Taiwan
9.3.9 Indonesia
9.3.10 Thailand
9.3.11 Malaysia
9.3.12 Philippines
10 Latin America
10.1 Latin America Hot Briquetted Iron (HBI) Market Size by Type
10.1.1 Latin America Hot Briquetted Iron (HBI) Sales by Type (2016-2027)
10.1.2 Latin America Hot Briquetted Iron (HBI) Revenue by Type (2016-2027)
10.2 Latin America Hot Briquetted Iron (HBI) Market Size by Application
10.2.1 Latin America Hot Briquetted Iron (HBI) Sales by Application (2016-2027)
10.2.2 Latin America Hot Briquetted Iron (HBI) Revenue by Application (2016-2027)
10.3 Latin America Hot Briquetted Iron (HBI) Sales by Country
10.3.1 Latin America Hot Briquetted Iron (HBI) Sales by Country (2016-2027)
10.3.2 Latin America Hot Briquetted Iron (HBI) Revenue by Country (2016-2027)
10.3.3 Mexico
10.3.4 Brazil
10.3.5 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Hot Briquetted Iron (HBI) Market Size by Type
11.1.1 Middle East and Africa Hot Briquetted Iron (HBI) Sales by Type (2016-2027)
11.1.2 Middle East and Africa Hot Briquetted Iron (HBI) Revenue by Type (2016-2027)
11.2 Middle East and Africa Hot Briquetted Iron (HBI) Market Size by Application
11.2.1 Middle East and Africa Hot Briquetted Iron (HBI) Sales by Application (2016-2027)
11.2.2 Middle East and Africa Hot Briquetted Iron (HBI) Revenue by Application (2016-2027)
11.3 Middle East and Africa Hot Briquetted Iron (HBI) Sales by Country
11.3.1 Middle East and Africa Hot Briquetted Iron (HBI) Sales by Country (2016-2027)
11.3.2 Middle East and Africa Hot Briquetted Iron (HBI) Revenue by Country (2016-2027)
11.3.3 Turkey
11.3.4 Saudi Arabia
11.3.5 U.A.E
12 Corporate Profiles
12.1 Metalloinvest
12.1.1 Metalloinvest Corporation Information
12.1.2 Metalloinvest Overview
12.1.3 Metalloinvest Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.1.4 Metalloinvest Hot Briquetted Iron (HBI) Product Description
12.1.5 Metalloinvest Related Developments
12.2 Orinoco Iron
12.2.1 Orinoco Iron Corporation Information
12.2.2 Orinoco Iron Overview
12.2.3 Orinoco Iron Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.2.4 Orinoco Iron Hot Briquetted Iron (HBI) Product Description
12.2.5 Orinoco Iron Related Developments
12.3 Voestalpine
12.3.1 Voestalpine Corporation Information
12.3.2 Voestalpine Overview
12.3.3 Voestalpine Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.3.4 Voestalpine Hot Briquetted Iron (HBI) Product Description
12.3.5 Voestalpine Related Developments
12.4 Jindal Shadeed
12.4.1 Jindal Shadeed Corporation Information
12.4.2 Jindal Shadeed Overview
12.4.3 Jindal Shadeed Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.4.4 Jindal Shadeed Hot Briquetted Iron (HBI) Product Description
12.4.5 Jindal Shadeed Related Developments
12.5 Qatar Steel
12.5.1 Qatar Steel Corporation Information
12.5.2 Qatar Steel Overview
12.5.3 Qatar Steel Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.5.4 Qatar Steel Hot Briquetted Iron (HBI) Product Description
12.5.5 Qatar Steel Related Developments
12.6 Essar Steel
12.6.1 Essar Steel Corporation Information
12.6.2 Essar Steel Overview
12.6.3 Essar Steel Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.6.4 Essar Steel Hot Briquetted Iron (HBI) Product Description
12.6.5 Essar Steel Related Developments
12.7 Lisco
12.7.1 Lisco Corporation Information
12.7.2 Lisco Overview
12.7.3 Lisco Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.7.4 Lisco Hot Briquetted Iron (HBI) Product Description
12.7.5 Lisco Related Developments
12.8 Comsigua
12.8.1 Comsigua Corporation Information
12.8.2 Comsigua Overview
12.8.3 Comsigua Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.8.4 Comsigua Hot Briquetted Iron (HBI) Product Description
12.8.5 Comsigua Related Developments
12.9 Lion Group
12.9.1 Lion Group Corporation Information
12.9.2 Lion Group Overview
12.9.3 Lion Group Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.9.4 Lion Group Hot Briquetted Iron (HBI) Product Description
12.9.5 Lion Group Related Developments
12.10 JSW Steel
12.10.1 JSW Steel Corporation Information
12.10.2 JSW Steel Overview
12.10.3 JSW Steel Hot Briquetted Iron (HBI) Sales, Price, Revenue and Gross Margin (2016-2021)
12.10.4 JSW Steel Hot Briquetted Iron (HBI) Product Description
12.10.5 JSW Steel Related Developments
13 Industry Chain and Sales Channels Analysis
13.1 Hot Briquetted Iron (HBI) Industry Chain Analysis
13.2 Hot Briquetted Iron (HBI) Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Hot Briquetted Iron (HBI) Production Mode & Process
13.4 Hot Briquetted Iron (HBI) Sales and Marketing
13.4.1 Hot Briquetted Iron (HBI) Sales Channels
13.4.2 Hot Briquetted Iron (HBI) Distributors
13.5 Hot Briquetted Iron (HBI) Customers
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
14.1 Hot Briquetted Iron (HBI) Industry Trends
14.2 Hot Briquetted Iron (HBI) Market Drivers
14.3 Hot Briquetted Iron (HBI) Market Challenges
14.4 Hot Briquetted Iron (HBI) Market Restraints
15 Key Finding in The Global Hot Briquetted Iron (HBI) Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
NEED Help?
If you need any help or guidance, please feel free to call us.
USA : +1 (661) 636 6162
INDIA : +91 9325802062
or
Write us on : sales@kandjmarketresearch.com