Global Hot Briquetted Iron HBI
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, 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 and 2021 to 2024 will be historical period. 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.
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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.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Process |
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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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.
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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)
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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
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Global Hot Briquetted Iron HBI Market Report 2024 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, Type Application, 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.
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Based On The Application, the market is segmented into electric arc furnace (EAF) steelmaking, blast furnace feedstock, trim coolant in Basic Oxygen Furnace (BOF) steelmaking, and others. The electric arc furnaces segment holds the major share in terms of application due to steel production in the electric arc furnaces continues to grow worldwide. In the last few years, it has been seen a surge in the supply and use of Direct Reduced Iron (DRI), and Hot Briquetted Iron (HBI) in electric arc furnaces.
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Process | Gas, Coal |
Type | Fe Content 90-92%, Fe Content >92% |
Application | Electric Arc Furnaces, Blast Furnaces, Basic Oxygen Furnaces |
List of Competitors | JSW Steel, Metalloinvest, Orinoco Iron, Voestalpine, Jindal Shadeed, Qatar Steel, Essar Steel, Lisco, Comsigua, Lion Group |
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 and Africa Market Analysis of Hot Briquetted Iron HBI. Further deep in this chapter, you will be able to review Middle East and Africa Hot Briquetted Iron HBI Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
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.
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 Type Analysis 2021 - 2033
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Chapter 12 Market Split by Application 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 13 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.
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 Fe Content 90-92% 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 |
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Additional Qualitative Data |
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