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Direct Reduced Iron Market Trends & Growth 2025–2035
The global Direct Reduced Iron (DRI) market is expected to expand significantly, reaching a valuation of US$ 28,296.90 million by 2025, and projected to surge to US$ 61,013.60 million by 2035, with a compound annual growth rate (CAGR) of 8.60%. The robust demand stems from various industries such as construction, automotive, aerospace, and infrastructure development. Key players like ArcelorMittal, Voestalpine, and Salzgitter are driving innovations in DRI production, including advancements in electric arc furnaces and green hydrogen utilization.
Report ID
16288
Domain Name
Chemicals & Materials
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