Direct Reduced Iron Market to Surpass USD XX Billion by 2030, Driven by Demand for Low-Carbon Steelmaking Solutions
The global direct reduced iron (DRI) market is on a robust growth trajectory, projected to reach USD 47.76 billion by 2024 and expand further to USD 68.98 billion by 2030, registering a CAGR of 7.1% from 2025 to 2030. DRI, a key feedstock in steel production, is gaining widespread adoption due to its lower carbon emissions and cost advantages over conventional blast furnace-based ironmaking. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=192 Buy the report - https://www.theresearchinsights.com/license?id=192 End-use Insights In 2024, the steelmaking segment dominated the DRI market with an 83.8% revenue share. DRI is extensively used in EAFs, which are central to producing cleaner, low-carbon steel. The continued growth in construction, automotive, and industrial manufacturing sectors is sustaining this demand. Other notable applications include foundries and ferroalloy production, where DRI is favored for its consistency, lower impurity ...