DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mgklkx/global_iron_ore) has announced the addition of the "Global Iron Ore Mining Industry 2012-2017: Trends, Profits and Forecast Analysis" report to their offering.
Iron ore is the main source of primary iron required for the global iron and steel industries. It is essential to produce steel, which helps to create and maintain a strong industrial base. The industry is forecast to reach US $379 billion, growing at a strong CAGR of 9.9% over the next five years. The industry is characterized by high competitive rivalry with low entrance threat to new players and high exit barriers. Industry players are using advanced and modernized technologies to produce iron ore. The report studies companies in the iron ore mining industry, providing a five-year annual trend analysis that highlights market size, profit, and cost structure.
This report evaluates the various challenges in the industry. The decline in demand for metals required by the construction and metal industries due to global economic recession in the major markets affected industry growth. Another difficulty faced by the industry is the scarcity of raw materials.
The study describes the drivers of the iron ore mining industry. The increasing demand from the oil and gas sector for new pipelines increased the demand in the mining industry. Growing sectors such as construction, automotive, shipbuilding, heavy machinery, and equipment sectors have increased the demand for steel used in these industries.
This report provides an overview of the iron ore mining industry and tracks industry performance in four geographic regions: North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, addressing market opportunities for five years for each region.
For more information visit http://www.researchandmarkets.com/research/mgklkx/global_iron_ore
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