Flat Steel Market Share 2022, Global Industry Demand, Top Players, Industry Size, Future Growth by 2030
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 Share 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.
Access Report @
https://www.marketresearchfuture.com/reports/flat-steel-market-1885
Key Players
The key players in the global flat steel market
share 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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