Product Code: ETC005289 | Publication Date: Jun 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Nigeria Pig Iron market currently, in 2023, has witnessed an HHI of 7783, Which has decreased slightly as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Nigeria pig iron market is projected to grow at a CAGR of around 2.3% during the forecast period 2020-2026. Pig iron is an intermediate product of the steel industry which is produced from smelting iron ore in blast furnaces. The high demand for steel products across multiple industries including construction, automotive and appliances will drive the growth of the Nigeria pig iron market over the forecast period. Additionally, increasing government initiatives such as Make in India campaign are expected to boost domestic production and consumption of pig iron in Nigeria over next few years.
Furthermore, rising urbanization rate coupled with development activities will create new opportunities for the local players as well as international suppliers operating in this market space. Moreover, favorable trade policies along with access to raw materials such as coking coal would further support manufacturers to produce quality pig irons at lower cost leading to increased profit margins over time frame under consideration. However, stringent environmental regulations imposed by government bodies may limit growth prospects of this sector on regional level hindering overall outlook during given timeline i.e., 2020-2026.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Pig Iron Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Pig Iron Market Revenues & Volume, 2019 & 2026F |
3.3 Nigeria Pig Iron Market - Industry Life Cycle |
3.4 Nigeria Pig Iron Market - Porter's Five Forces |
3.5 Nigeria Pig Iron Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.6 Nigeria Pig Iron Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Nigeria Pig Iron Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Pig Iron Market Trends |
6 Nigeria Pig Iron Market, By Types |
6.1 Nigeria Pig Iron Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Pig Iron Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 Nigeria Pig Iron Market Revenues & Volume, By Basic Pig Iron, 2016 - 2026F |
6.1.4 Nigeria Pig Iron Market Revenues & Volume, By Foundry Pig Iron, 2016 - 2026F |
6.1.5 Nigeria Pig Iron Market Revenues & Volume, By High Purity Pig Iron, 2016 - 2026F |
6.2 Nigeria Pig Iron Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Pig Iron Market Revenues & Volume, By Foundry, 2016 - 2026F |
6.2.3 Nigeria Pig Iron Market Revenues & Volume, By Construction, 2016 - 2026F |
6.2.4 Nigeria Pig Iron Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.2.5 Nigeria Pig Iron Market Revenues & Volume, By Others, 2016 - 2026F |
7 Nigeria Pig Iron Market Import-Export Trade Statistics |
7.1 Nigeria Pig Iron Market Export to Major Countries |
7.2 Nigeria Pig Iron Market Imports from Major Countries |
8 Nigeria Pig Iron Market Key Performance Indicators |
9 Nigeria Pig Iron Market - Opportunity Assessment |
9.1 Nigeria Pig Iron Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 Nigeria Pig Iron Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Nigeria Pig Iron Market - Competitive Landscape |
10.1 Nigeria Pig Iron Market Revenue Share, By Companies, 2019 |
10.2 Nigeria Pig Iron Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |