Flat Steel Size, Share & Trends Analysis Report By Product (Polyester, Nylon, Acrylics), By Application (Clothing, Home Furnishing), By Region (APAC, North America), And Segment Forecasts, 2021 – 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.
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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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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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