The global iron ore pellet market is set to experience steady and strategic expansion over the next decade, fueled by rising steel production and the growing need for energy-efficient and low-emission raw materials. The market is projected to grow from approximately USD 54–56 billion in 2026 to around USD 83–88 billion by 2036, registering a CAGR of about 4.2%–4.8%, according to insights from Future Market Insights (FMI).