Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
According to the latest research, the global Hot Briquetted Iron (HBI) market size was valued at USD 3678.16 million in 2022 and is expected to expand at a CAGR of 1.7% during the forecast period, reaching USD 4069.64 million by 2028.
Hot Briquetted Iron (HBI) is a premium form of Direct Reduced Iron (DRI) that has been compacted at a temperature greater than 650° C at the time of compaction and has a density greater than 5,000 kilograms per cubic meter (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.
Development of the steel industry
The development of downstream markets is expected to boost consumer demand for Hot Briquetted Iron (HBI) products. Hot Briquetted Iron (HBI) products are mainly used in the steel industry. The development of construction, construction machinery, automobiles, home appliances and other fields determines the prosperity of the steel industry.
In terms of construction and machinery demand, infrastructure investment, as an important counter-cyclical adjustment tool, keeps growing in recent years, effectively driving the demand for steel. For example, China's 14th Five-Year Plan (2021-2025) emphasizes increasing investment in new infrastructure, promoting the construction of key urban agglomerations, inter-city railways and urban (suburban) railways, and promoting the renovation of old residential areas in cities. In the next 1-2 years, large-scale investment in infrastructure construction can still be maintained. In November 2021, President Biden signed a $1 trillion bipartisan infrastructure bill into law. This infrastructure bill created $550 billion in new funds for transportation, broadband and utilities. While funding from this bill will be distributed over a 5-year period, it could see an increase in funding for road infrastructure projects starting in 2022. These projects could create higher demand for stainless steel materials used in infrastructure and road plate applications in the second half of 2022.
With the development of the world economy and the improvement of global consumption level, the demand for diversified, personalized and customized household appliances is also increasing. For example, the Data released by The China Household Electrical Appliances Association shows that the income of China's home appliance industry will achieve rapid growth in 2021. The data shows that the main business income of the home appliance industry will reach 1.73 trillion yuan in 2021, with a year-on-year growth of 15.5%. In addition, national policies are also conducive to the growth of the demand for household appliances. The National Development and Reform Commission of China issued the Notice on Promoting Consumption in the Near Future, supporting enterprises of household appliances and furniture to carry out activities of "replacing old ones with new ones" and "replacing old ones with new ones", and encouraging reasonable renewal of household appliances.
Therefore, the continuous investment in infrastructure and the development of other downstream industries will help promote the development of steel industry. It is also the reason why Hot Briquetted Iron (HBI) products maintain stable market demand.
Region Overview:
In 2021, the share of the Hot Briquetted Iron (HBI) market in Asia Pacific stood at 43.32%.
Company Overview:
Metalloinvest, oestalpine, Lion Group were the top 3 players in the Hot Briquetted Iron (HBI) market in 2021, taking up a market share of 68.12% together.
Segmentation Overview:
By type, Fe Content 90-92% segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment Electric Arc Furnaces, with a market share of 60.77% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Hot Briquetted Iron (HBI) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hot Briquetted Iron (HBI). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hot Briquetted Iron (HBI) Market Report Include:
Market Size Estimates: Hot Briquetted Iron (HBI) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hot Briquetted Iron (HBI) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hot Briquetted Iron (HBI) market
Segment Market Analysis: Hot Briquetted Iron (HBI) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hot Briquetted Iron (HBI) market situations and prospects in major and top regions and countries
Hot Briquetted Iron (HBI) Market
Hot Briquetted Iron (HBI) Industry Chain: Hot Briquetted Iron (HBI) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hot Briquetted Iron (HBI) Industry News, Policies by regions
Hot Briquetted Iron (HBI) Industry Porters Five Forces Analysis
Key players in the global Hot Briquetted Iron (HBI) market are covered in Chapter 2:
Comsigua
Metalloinvest
Lisco
Qatar Steel
Lion Group
Voestalpine
JSW Steel
In Chapter 6 and Chapter 9, on the basis of types, the Hot Briquetted Iron (HBI) market from 2018 to 2028 is primarily split into:
Fe Content 90-92%
Fe Content above 92%
In Chapter 7 and Chapter 10, on the basis of applications, the Hot Briquetted Iron (HBI) market from 2018 to 2028 covers:
Electric Arc Furnaces
Blast Furnaces
Basic Oxygen Furnaces
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hot Briquetted Iron (HBI) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hot Briquetted Iron (HBI) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hot Briquetted Iron (HBI) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hot Briquetted Iron (HBI) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hot Briquetted Iron (HBI) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hot Briquetted Iron (HBI) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hot Briquetted Iron (HBI) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Hot Briquetted Iron (HBI) is a premium form of Direct Reduced Iron (DRI) that has been compacted at a temperature greater than 650° C at the time of compaction and has a density greater than 5,000 kilograms per cubic meter (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.
Development of the steel industry
The development of downstream markets is expected to boost consumer demand for Hot Briquetted Iron (HBI) products. Hot Briquetted Iron (HBI) products are mainly used in the steel industry. The development of construction, construction machinery, automobiles, home appliances and other fields determines the prosperity of the steel industry.
In terms of construction and machinery demand, infrastructure investment, as an important counter-cyclical adjustment tool, keeps growing in recent years, effectively driving the demand for steel. For example, China's 14th Five-Year Plan (2021-2025) emphasizes increasing investment in new infrastructure, promoting the construction of key urban agglomerations, inter-city railways and urban (suburban) railways, and promoting the renovation of old residential areas in cities. In the next 1-2 years, large-scale investment in infrastructure construction can still be maintained. In November 2021, President Biden signed a $1 trillion bipartisan infrastructure bill into law. This infrastructure bill created $550 billion in new funds for transportation, broadband and utilities. While funding from this bill will be distributed over a 5-year period, it could see an increase in funding for road infrastructure projects starting in 2022. These projects could create higher demand for stainless steel materials used in infrastructure and road plate applications in the second half of 2022.
With the development of the world economy and the improvement of global consumption level, the demand for diversified, personalized and customized household appliances is also increasing. For example, the Data released by The China Household Electrical Appliances Association shows that the income of China's home appliance industry will achieve rapid growth in 2021. The data shows that the main business income of the home appliance industry will reach 1.73 trillion yuan in 2021, with a year-on-year growth of 15.5%. In addition, national policies are also conducive to the growth of the demand for household appliances. The National Development and Reform Commission of China issued the Notice on Promoting Consumption in the Near Future, supporting enterprises of household appliances and furniture to carry out activities of "replacing old ones with new ones" and "replacing old ones with new ones", and encouraging reasonable renewal of household appliances.
Therefore, the continuous investment in infrastructure and the development of other downstream industries will help promote the development of steel industry. It is also the reason why Hot Briquetted Iron (HBI) products maintain stable market demand.
Region Overview:
In 2021, the share of the Hot Briquetted Iron (HBI) market in Asia Pacific stood at 43.32%.
Company Overview:
Metalloinvest, oestalpine, Lion Group were the top 3 players in the Hot Briquetted Iron (HBI) market in 2021, taking up a market share of 68.12% together.
Segmentation Overview:
By type, Fe Content 90-92% segment accounted for the largest share of market in 2021.
Application Overview:
The market's largest segment by application is the segment Electric Arc Furnaces, with a market share of 60.77% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Hot Briquetted Iron (HBI) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Hot Briquetted Iron (HBI). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Hot Briquetted Iron (HBI) Market Report Include:
Market Size Estimates: Hot Briquetted Iron (HBI) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Hot Briquetted Iron (HBI) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Hot Briquetted Iron (HBI) market
Segment Market Analysis: Hot Briquetted Iron (HBI) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Hot Briquetted Iron (HBI) market situations and prospects in major and top regions and countries
Hot Briquetted Iron (HBI) Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Hot Briquetted Iron (HBI) Industry Chain: Hot Briquetted Iron (HBI) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Hot Briquetted Iron (HBI) Industry News, Policies by regions
Hot Briquetted Iron (HBI) Industry Porters Five Forces Analysis
Key players in the global Hot Briquetted Iron (HBI) market are covered in Chapter 2:
Comsigua
Metalloinvest
Lisco
Qatar Steel
Lion Group
Voestalpine
JSW Steel
In Chapter 6 and Chapter 9, on the basis of types, the Hot Briquetted Iron (HBI) market from 2018 to 2028 is primarily split into:
Fe Content 90-92%
Fe Content above 92%
In Chapter 7 and Chapter 10, on the basis of applications, the Hot Briquetted Iron (HBI) market from 2018 to 2028 covers:
Electric Arc Furnaces
Blast Furnaces
Basic Oxygen Furnaces
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Hot Briquetted Iron (HBI) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Hot Briquetted Iron (HBI) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Hot Briquetted Iron (HBI) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Hot Briquetted Iron (HBI) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Hot Briquetted Iron (HBI) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Hot Briquetted Iron (HBI) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Hot Briquetted Iron (HBI) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
