Flat Steel overview growth of Companies - overview, revenue, global outlook, industry demand, key manufacturers and outlook 2027
Flat steel
includes sheet, coils or other flat-rolled steel product. Market Research
Future (MRFR) has published a research report about the global flat steel
market that anticipates an increase in the market with 6% CAGR (Compound Annual
Growth Rate) for this market between 2014 and 2022. Analyzing the market
structure, this report offers insights into factors affecting the market
growth. Providing the historical and forecast revenue, it evaluates market
size. Profiling the key players in the market, this report covers and observes
their competitive developments that include joint ventures, mergers and
acquisitions, new product developments, research and developments (R & D),
and strategic alliances.
The key factors driving
the growth of this market include the growth of construction &
infrastructure sector and the growing need for lightweight automobiles on a
global level. However, the volatile the prices of raw materials are likely to
pose as a hindrance to the growth of this market. The global flat steel market
has been segmented on the basis of end users, product types, and the region.
On the basis of
end-users, this market has been segmented into automobiles, construction &
infrastructure, transport, and others. In developed countries, flat steel
products are always in demand in the automobile sector. Due to the design
flexibility, high strength, and increased durability, flat steel is used in the
building & infrastructure sector. It also reduces the maintenance costs. In
the energy sector, flat steel is used for building infrastructure. By the
product types, the market has been segmented into a coated sheet; cold rolled
sheet, hot rolled sheet, and plates. Flat steel products like coated steel
products, cold-rolled coil, heavy plate, hot-rolled coil, slabs, and tinplate
are used in construction.
The regional
segmentation of the global flat steel market has segmented the market into
regional markets namely North America, Europe, Asia Pacific, and the rest of
the world (RoW). Asia Pacific region is the biggest market for flat steel,
followed by Europe. In countries like China, India, and Japan, the construction
& infrastructure sectors are growing rapidly, thus creating a strong market
for flat steel. After these three countries, South Korea is the biggest market
in this region. During the forecast period, this market is expected to grow at
the highest rate.
In Europe and
North America, many key players of this market are based in. In North America,
maximum industrialization is in the United States of America (USA). In Europe,
strong economies and market for flat steel (due to the presence of key players
in this region) include Austria, Germany, France, Luxembourg, Sweden, and the
United Kingdom (UK). The automobile sector is growing in both regions.
Therefore, the flat steel market is steadily growing in these regions.
TABLE OF CONTENTS
1
Executive Summary
2
Scope Of The Report
2.1 Market
Definition
2.2 Scope Of The
Study
2.2.1 Research
Objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3
Market Research Methodology
3.1 Research Process
3.2 Secondary
Research
3.3 Primary Research
3.4 Forecast Model
4
Market Landscape
4.1 Supply Chain
Analysis
4.1.1 Raw Material
Suppliers
4.1.2
Manufacturers/Producers
4.1.3
Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Use
4.2 Porter’s Five
Forces Analysis
4.2.1 Threat Of New
Entrants
4.2.2 Bargaining
Power Of Buyers
4.2.3 Bargaining
Power Of Suppliers
4.2.4 Threat Of
Substitutes
4.2.5 Intensity Of
Competitive Rivalry
5
Market Dynamics Of The Global Flat Steel Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6
Trends/Technology
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Report @
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Key
Players
The key players in the
global flat steel market include ArcelorMittal (Luxembourg), Essar Steel
(India), Hyundai Steel Co. (South Korea), Nippon Steel & Sumitomo Metal
Corporation (Japan), POSCO (South Korea), SSAB (Sweden), Tata Steel Ltd (India),
ThyssenKrupp (Germany), United Steel Corporation (USA), and Voestalpine
(Austria).
Latest Industry News
- Nippon Steel & Sumitomo Metal Corp is set to increase local
production of automotive flat steel products in Indonesia in order to meet
the growing demand from Southeast Asia’s largest auto market. 14 Aug 2018
- The National Company Law Appellate
Tribunal (NCLAT) has ruled that in favor of Tata Steel Ltd and Vedanta Ltd
with regards to their bid for Bhushan Steel Ltd and Electrosteel Steels
Ltd, respectively. 10 Aug
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