Blast Furnaces Market in the Industrial Machinery Industry to grow by USD 521.11 million| Emerging Trends, Company Risk, and Key Executives|Technavio
Read the 120-page table of contents report on “Blast Furnace Market Analysis Report by Application (Renovation Projects and Capacity Expansion) and Geography (APAC, Europe, North America, MEA and South America) and the segment forecasts 2021-2025 “. Gain competitive intelligence on market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales and delivery functions. https: // www.technavio.com / report / report / furnace-market-industry-analysis
The blast furnace market is driven by the large installed base of blast furnaces. In addition, regulations requiring steel mills to reduce their environmental footprint are expected to spur growth in the blast furnace equipment market.
The global steel industry follows two routes to crude steel production, namely the BF-BOF and the EAF route. The BF-BOF route is followed in integrated steel mills and the EAF route in steel miniature rolling mills. The limited availability of scrap steel and affordable electricity in the world’s major export centers has not embraced the EAF route to any significant extent. On the other hand, there are large reserves of iron ore and coking coal worldwide, which make them the primary raw materials for the production of crude steel. Large steel manufacturers around the world have invested in large integrated steel mills that are driving the replacement market for blast furnaces.
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The five most important blast furnace companies:
China Metallurgical Group Corp.
China Metallurgical Group Corp. offers various types of products such as core technology equipment, structural steel and mining.
Danieli & C. Officine Meccaniche Spa
Danieli & C. Officine Meccaniche Spa offers different types of products such as processes and technologies as well as technology packages.
Gillanders Arbuthnot and Co. Ltd.
Gillanders Arbuthnot and Co. Ltd. offers different types of products such as tea and textiles.
IHI Corp. offers various kinds of products such as blast furnaces, direct current electric arc furnaces, step cylinders.
Larsen and Toubro Ltd.
Larsen and Toubro Ltd. offer different types of segments such as industry and business.
Blast Furnace Market Application Outlook (Revenue, $ Mn, 2020-2025)
- Renovation projects – size and forecast 2020-2025
- Capacity expansions – size and forecast 2020-2025
Blast Furnace Market Outlook (Revenue, USD Million, 2020-2025)
- APAC size and forecast 2020-2025
- Europe – Size and forecast 2020-2025
- North America – Size and forecast 2020-2025
- MEA size and forecast 2020-2025
- South America – Size and forecast 2020-2025
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