Flat Steel 2020 Global Analysis, Size, Growth,Share, Key Players Growth, Revenue, Regional and Industry Forecast to 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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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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