Flat Steel Market trends shows 6.7% CAGR to 2026

Flat steel market is projected to reach USD 757.15 billion by 2026

The flat steel market is projected to reach USD 757.15 billion by 2026, at a CAGR of 6.7% from 2016 to 2026. Increasing urban population, rapid industrialization, and increase in infrastructure investments are driving the demand for flat steel products. However, volatile prices of raw materials is expected to restrict market growth.

 

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Based on type, the plates segment of the flat steel market is estimated to grow at a high rate during the forecast period

Plates are widely used for heavy and industrial activities such as construction of buildings, bridges, dams, ships, offshore structures, hydro power stations, storage tanks, boilers, pressure vessels, and machinery. Growing investments in building & infrastructure in emerging economies is expected to propel market growth for the plate segment of the flat steel market. In addition, introduction of high strength steel plate grades has increased the use of steel plates in the automotive sector.

 

Asia-Pacific projected to grow at the highest CAGR during the forecast period

The Asia-Pacific flat steel market is anticipated to grow at the highest CAGR between 2016 and 2026. Growth of this market can be attributed to the increasing demand for flat steel from China and India. China, with growth in construction and automotive industries, is a major consumer of flat steel in the Asia-Pacific region. The India flat steel market is expected to grow at the highest CAGR during the forecast period.

 

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BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:

  • By Company Type: Tier 1 – 59%, Tier 2 – 18%, and Tier 3 – 23%
  • By Designation: C Level – 45%, Director Level – 23%, and Others – 32%
  • By Region: Asia-Pacific – 53%, Europe – 21%, North America – 16%, and Middle East & Africa – 10%

 

Major companies profiled in this report are ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Essar Steel (India), ThyssenKrupp (Germany), United States Steel Corporation (U.S.), Nippon Steel & Sumitomo Metal Corporation (Japan), Allegheny Technologies Inc. (U.S.), SSAB (Sweden), Hyundai Steel Co., Limited (South Korea), Tata Steel Limited (India), SAIL (India), and Essar Steel (India).

 

Related Report:

Global Stainless Steel Market Analysis 2012-2017 and Forecast 2018-2023

Steel is an alloy of iron and carbon, containing less than 2% carbon.Stainless steel contains a maximum of 1.2% carbon, a minimum of 10.5% chromium (standard EN 10088-1) and other alloying elements. The presence of chromium confers on stainless steel its principal quality: its corrosion resistance.

The global Stainless Steel market will reach xxx Million USD in 2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Stainless Steel by product, region and application, in addition, this report introduces market competition situation among the companies and company profile, besides, market price analysis and value chain features are covered in this report.

Read More: https://watchersofmarkets.com/products/global-stainless-steel-market-analysis-2012-2017-and-forecast-2018-2023

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