Global Hot Briquetted Iron HBI
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Hot Briquetted Iron HBI Market Report 2025.
In Terms of Revenue, The Electric Arc Furnace (EAF) Steelmaking market was the leading Application with 37.68% Share of total Global Hot Briquetted Iron HBI Market in 2021.
In Terms of Revenue, Gas was the Leading Process with 64.09% Share of total Hot Briquetted Iron HBI Market in 2021.
In Terms of Revenue, The North America market was dominating region with 43.19% Share of total Global Hot Briquetted Iron HBI Market in 2021.
2021 | 2025 | 2033 | CAGR | |
---|---|---|---|---|
Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Process |
|
Market Split by Production Process |
|
Market Split by End Use |
|
Market Split by Application |
|
Market Split by Grade |
|
Market Split by Form |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Report scope is customizable as we have a huge database of Hot Briquetted Iron HBI industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Hot Briquetted Iron HBI Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hot Briquetted Iron (HBI) is referred to as a compacted form of DRI (Direct Reduced Iron) that is manufactured with consistent chemical and physical characteristics. Direct Reduced Iron (DRI) is the product of the direct reduction of iron ore in the solid state by carbon monoxide and hydrogen which is derived from natural gas or coal. It was established in the past 25 years as a supplement for pig iron and scrap in electric furnace steel mills. It is created in a way that it can be shipped over long distances and melted in iron and steel processes.
The increase in the usage of hot briquetted iron in iron-making applications is the major driving factor for the growth of the hot briquetted iron market. HBI is a modern charge material for use in combination with scrap or it can be used as an addition to blast furnaces in ironmaking applications. Furthermore, the rising number of furnace steel mills across the world is anticipated to propel the demand for HBI during the forecast period. For example, the global steelmaking market produced around 1.85 billion tonnes of crude steel in 2019. The iron and steel industry is economically important and most countries considered it as one of national strategic importance. However, less awareness about the product may act as a restraining factor for this market. Environment-friendly production technologies in steel manufacturing will create enormous opportunities for the global hot-briquetted iron market during the forecast period. Increasing the use of iron briquettes in steel mills around the world to reduce global emissions in the iron and steel industry is projected to create a global market of around 39.76 million tonnes of iron briquettes over the next few years.
Decarbonization Push in the Steel Industry: Because HBI has a lower carbon footprint than conventional blast furnace inputs, it is a preferred raw material as the global steel industry faces mounting pressure to cut carbon emissions. The sustainability objectives of significant steelmakers are in line with its compatibility with electric arc furnaces (EAFs), which emit less carbon.
Growing Adoption of Electric Arc Furnaces (EAFs): As steel production moves away from blast furnaces and toward EAF-based methods, particularly in developed areas, demand for HBI is increasing because it provides a reliable and high-quality iron input for EAFs. Because of its greater density and metallization, it is a dependable feedstock for preserving productivity and output quality in settings with limited scrap.
Worldwide Scrap Scarcity and Quality Issues: Steelmakers are using HBI as a scrap alternative as a result of the shortage of high-quality ferrous scrap in important markets. Particularly in areas where scrap import restrictions or supply quality variations exist, its chemical homogeneity and low impurity levels guarantee steady operation and consistent product quality.
High Capital Costs and Infrastructure Needs: Setting up HBI production facilities requires a significant financial outlay for briquetting lines, sophisticated reduction reactors, and dependable logistics. This restricts production expansion in developing nations with inadequate infrastructure and financial support and makes market entry challenging.
Price volatility for raw materials: Because of market and geopolitical factors, the prices of iron ore and natural gas, which are the main inputs for HBI, are subject to swings. These price fluctuations have the potential to have a major effect on profitability and may deter both producers and consumers from entering into long-term agreements or expanding.
Logistics and Handling Difficulties: HBI still needs strong port, rail, or shipping logistics for effective transportation, even with its small size and safety advantages over DRI. The additional handling and storage requirements can raise costs and deter adoption in areas with inadequate transportation infrastructure.
Integration of HBI into Green Steel Initiatives: HBI is being incorporated into green steel production processes as nations and businesses make commitments to become carbon neutral. A long-term trend toward sustainable steel inputs is indicated by the growing integration of HBI with hydrogen-based direct reduction in projects in the Middle East and Europe.
Regional Expansion and Capacity Additions: To satisfy the rising demand from Asia, Europe, and the Americas, major producers in the Middle East, Russia, and North Africa are increasing their HBI production capacity. This pattern is especially noticeable in nations with abundant supplies of iron ore and natural gas, which lower the cost of producing HBI.
Strategic Alliances and Long-Term Offtake Agreements: By entering into long-term HBI offtake agreements with producers, steelmakers are safeguarding supply chains. This pattern suggests that HBI is becoming more widely acknowledged as a strategic raw material, particularly for hybrid steelmaking facilities aiming for low-emission pathways and integrated EAF operations.
We have various report editions of Hot Briquetted Iron HBI Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Major players involved in the market include Stena Metal Inc., Voestalpine AG, Metalloinvest Mc Llc, Comsigua, Essar Steel, Lion Group, JSW Steel, Lisco, Qatar Steel, Metalloinvest and others.
ArcelorMittal and Voestalpine has signed an agreement to acquire 80% stock of Voestalpine's hot briquetted iron (HBI) plant.
On 14th April, 2022, the two companies signed a sales agreement that ArcelorMittal will supply Voestalpine’s Austria plants HBI with the same value quantity of Voestalpine’s shares. ArcelorMittal members said that this cooperation helps to improve their production capacity of electrical furnaces for high-quality steel materials.
Top Companies Market Share in Hot Briquetted Iron HBI Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America has acquired the major market share for the hot briquetted iron market followed by Asia Pacific. The hot briquetted iron market in North America is expected to grow at a fast pace due to the increasingly stringent regulations on carbon emissions, growing capacity of HBI production and rise in adoption of briquetting technology in the steel industry such as coal briquetting, cooking briquetting and sponge iron briquette. Furthermore, the Asia Pacific region is growing at the highest CAGR during the forecast period owing to the rising number of electric arc furnaces in the region. With increasing the number of electric arc furnaces, Asian countries are significantly decreasing the possibility of producing high-quality iron scrap with a density of 1 MT/m3 by using hot briquetted iron charging has considered that it is the best solution for producing iron.
The current report Scope analyzes Hot Briquetted Iron HBI Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Hot Briquetted Iron HBI Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hot Briquetted Iron HBI Industry growth. Hot Briquetted Iron HBI market has been segmented with the help of its Process, Production Process End Use, and others. Hot Briquetted Iron HBI market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based On The Process Segment, the market is segmented into gas and coal. The gas segment dominates the global hot-briquetted iron market owing to the high awareness of environmentally friendly alternatives which is available for the production of hot-briquetted iron (HBI). The segment is expected to increase at a higher CAGR during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hot Briquetted Iron HBI Industry. Request a Free Sample PDF!
Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Hot Briquetted Iron HBI Market.
Some of the key Production Process of Hot Briquetted Iron HBI are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Process | Gas, Coal |
Production Process | Direct Reduced Iron, Sponge Iron |
End Use | Steelmaking, Foundry |
Application | Automotive, Construction, Industrial Machiner |
Grade | High Grade, Medium Grade, Low Grade |
Form | Briquettes, Lumps, Pellets |
List of Competitors | Hyundai Steel, Kobe Steel, Sumitomo Metal Industries, JSW Steel, Shagang Group, Nippon Steel |
This chapter will help you gain GLOBAL Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Global Hot Briquetted Iron HBI Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review North America Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Europe Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Asia Pacific Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review South America Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Middle East Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Middle East Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Hot Briquetted Iron HBI. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Process Analysis 2019 -2031, will provide market size split by Process. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Process Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Production Process Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End Use Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Grade Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 15 Market Split by Form Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hot Briquetted Iron HBI market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 17 Research Methodology and Sources
Why Gas have a significant impact on Hot Briquetted Iron HBI market? |
What are the key factors affecting the Gas and Coal of Hot Briquetted Iron HBI Market? |
What is the CAGR/Growth Rate of Direct Reduced Iron during the forecast period? |
By type, which segment accounted for largest share of the global Hot Briquetted Iron HBI Market? |
Which region is expected to dominate the global Hot Briquetted Iron HBI Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|