Global Nickel Pig Iron Market Size & Outlook, 2024-2030

The nickel pig iron industry worldwide is expected to reach a projected revenue of US$ 23,798.2 million by 2030. A compound annual growth rate of 4.8% is expected of the worldwide nickel pig iron industry from 2025 to 2030.
Revenue, 2024 (US$M)
$18,577.2
Forecast, 2030 (US$M)
$23,798.2
CAGR, 2025 - 2030
4.8%
Report Coverage
Worldwide

Global nickel pig iron market highlights

  • The global nickel pig iron market generated a revenue of USD 18,577.2 million in 2024 and is expected to reach USD 23,798.2 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 4.8% by 2030.
  • In terms of segment, medium-grade accounted for a revenue of USD 9,862.0 million in 2024.
  • High-grade is the most lucrative grade segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2024.
  • Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 18,577.2 million
Market revenue in 2030USD 23,798.2 million
Growth rate4.8% (CAGR from 2025 to 2030)
Largest segmentMedium-grade
Fastest growing segmentHigh-grade
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLow-grade, Medium-grade, High-grade

Other key industry trends

  • In terms of revenue, the North America accounted for 5.4% of the global nickel pig iron market in 2024.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Germany is the fastest growing regional market and is projected to reach USD 207.2 million by 2030.

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Nickel Pig Iron Market Companies

Name Profile # Employees HQ Website

Global nickel pig iron market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nickel pig iron market will help companies and investors design strategic landscapes.


Medium-grade was the largest segment with a revenue share of 53.09% in 2024. Horizon Databook has segmented the Global nickel pig iron market based on low-grade, medium-grade, high-grade covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Nickel Pig Iron Grade Outlook (Revenue, USD Million, 2018-2030)
    • Low-grade
    • Medium-grade
    • High-grade
  • Global Nickel Pig Iron End Use Outlook (Revenue, USD Million, 2018-2030)
    • Building & Construction
    • Automotive & Transportation
    • Consumer Goods
    • Mechanical Engineering
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global nickel pig iron market , including forecasts for subscribers. This global databook contains high-level insights into Global nickel pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global nickel pig iron market size, by regions, 2018-2030 (US$M)

Top 10 countries: Nickel pig iron market size, 2024 (US$M)

Global nickel pig iron market share, by grade, 2024 & 2030 (%, US$M)

Nickel pig iron market: Opportunity assessment by country

Global nickel pig iron market, by region, 2024 (US$M)

Global nickel pig iron market size, by regions, 2018-2030 (US$M)

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