Product Code: ETC005280 | 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 | |
United Arab Emirates (UAE) Pig Iron market currently, in 2023, has witnessed an HHI of 5232, Which has increased substantially as compared to the HHI of 2957 in 2017. The market is moving towards 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 United Arab Emirates (UAE) is one of the largest global markets for pig iron, driven by its robust steel industry and infrastructure. Over the past few years, there has been a steady increase in domestic demand for pig iron from various industries such as automotive manufacturing, construction and electrical products. The UAEs geographical location also facilitates easy access to ports and shipping routes, leading to cheaper transport costs when importing raw materials. This factor has further contributed to the growth of this market in recent years.
In 2020, it was estimated that the UAE's pig iron consumption stood at around 2 million metric tons per annum; this figure is expected to reach 3 million tons by 2026 due largely to increased industrial activity across all sectors as well as an increasing population with greater purchasing power. Additionally, rising government investment into energy projects such as solar PV installations are likely create further opportunities for local production of pig iron in order to meet these needs.
Overall, the market can be broadly segmented into two categories: semi-finished goods which includes blooms & billets produced domestically or imported; and finished goods (i.e., castings). Domestic manufacturers have traditionally held a dominant position within both segments but imports are slowly beginning to gain traction thanks mainly due their more competitive pricing structures compared against locally produced supplies particularly during periods of higher steel prices globally.
Furthermore, some new players have recently entered this sector offering innovative solutions which include technology-driven processes such as advanced metallurgy treatments or specialised product designs catering specifically towards certain customer requirements; these efforts could help bolster competition within the sector over time thus providing consumers with improved choices while driving down overall costs too!
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 United Arab Emirates (UAE) Pig Iron Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, 2019 & 2026F |
3.3 United Arab Emirates (UAE) Pig Iron Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Pig Iron Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.6 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 United Arab Emirates (UAE) Pig Iron Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Pig Iron Market Trends |
6 United Arab Emirates (UAE) Pig Iron Market, By Types |
6.1 United Arab Emirates (UAE) Pig Iron Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Basic Pig Iron, 2016 - 2026F |
6.1.4 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Foundry Pig Iron, 2016 - 2026F |
6.1.5 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By High Purity Pig Iron, 2016 - 2026F |
6.2 United Arab Emirates (UAE) Pig Iron Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Foundry, 2016 - 2026F |
6.2.3 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Construction, 2016 - 2026F |
6.2.4 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.2.5 United Arab Emirates (UAE) Pig Iron Market Revenues & Volume, By Others, 2016 - 2026F |
7 United Arab Emirates (UAE) Pig Iron Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Pig Iron Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Pig Iron Market Imports from Major Countries |
8 United Arab Emirates (UAE) Pig Iron Market Key Performance Indicators |
9 United Arab Emirates (UAE) Pig Iron Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Pig Iron Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 United Arab Emirates (UAE) Pig Iron Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 United Arab Emirates (UAE) Pig Iron Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Pig Iron Market Revenue Share, By Companies, 2019 |
10.2 United Arab Emirates (UAE) Pig Iron Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |