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Flat Steel Market Size, Share Global Analysis Report, 2020–2026
Flat Steel Market By Process (Basic Oxygen Furnace and Electric Arc Furnace), By Type (Sheets & Strips and Plates), By End-Use Sector (Building & Infrastructure, Mechanical Equipment, Automotive & Other Transport, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Flat Steel industry. The report analyzes and declares the historical and current trends analysis of the Flat Steel industry and subsequently recommends the projected trends anticipated to be observed in the Flat Steel market during the upcoming years.
The Flat Steel market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Flat Steel market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilotons) and value (USD Billion) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Flat Steel industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Flat Steel industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Flat Steel market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Flat Steel industry. The Flat Steel market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Flat Steel sector. Key strategic developments in the Flat Steel market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Flat Steel market are appropriately highlighted in the report.
Flat steel is a form of steel that is made by rolling steel slabs. It is majorly used in the production of plates, sheets, structural beams, and strips, as they are widely used in building & infrastructure, transportation, and electrical appliance industries due to their rare functional properties. Flat steel products generally help reduce corrosion and in turn, enhance the ductility, quality, and reliability of the end product.
The rapid industrialization, increasing investments in infrastructures, and surging urban population are the primary factors anticipated to boost the growth of the global Flat Steel market. In addition to this, the growing demand for flat steel in the various sectors including construction & infrastructure, automotive, and mechanical equipment is anticipated to augment the growth of the global Flat Steel market during the forecast period. Apart from this, the high strength and durability of flat steel help lower construction and maintenance costs in the long-run. However, the fluctuating prices of the raw materials are likely to hinder the global Flat Steel market growth.
The Flat Steel market research report delivers an acute valuation and taxonomy of the Flat Steel industry by practically splitting the market on the basis of different type, process, and end-use sectors,and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 434.10 Billion |
Projected Market Size in 2026 |
USD 652.5 Billion |
CAGR Growth Rate |
6.1% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
ThyssenKrupp AG, ArcelorMittal, Tata Steel, POSCO, SSAB AB, China Baowu Steel Group Corporation Limited, HBIS Group, Shougang Group Co., Ltd., Nippon Steel & Sumitomo Metal Corporation, JFE Steel Corporation, and Voestalpine Group., and Others |
Key Segment |
By Process, Type, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Flat Steel industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Flat Steel industry is provided for the leading economies of the world.
The Flat Steel market is segmented based on Type, Process, and End-Use Sector. Based on the process, the global Flat Steel market is divided into Basic Oxygen Furnace and Electric Arc Furnace. On the basis of type, the market is segregated into Sheets & Strips and Plates. By the end-use sector, the market for flat steel is sectored into Building & Infrastructure, Mechanical Equipment, Automotive & Other Transport, and Others.
Some of the essential players operating in the Flat Steel market, but not restricted to include
- ThyssenKrupp AG
- ArcelorMittal
- Tata Steel
- POSCO
- SSAB AB
- China Baowu Steel Group Corporation Limited
- HBIS Group
- Shougang Group Co. Ltd.
- Nippon Steel & Sumitomo Metal Corporation
- JFE Steel Corporation
- Voestalpine Group.
The taxonomy of the Flat Steel Market by its scope and segmentation is as follows:
ProcessSegmentation Analysis
- Basic Oxygen Furnace
- Electric Arc Furnace
TypeSegmentation Analysis
- Sheets & Strips
- Plates
End-Use Sector Segmentation Analysis
- Building & Infrastructure
- Mechanical Equipment
- Automotive & Other Transport
- Others
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- ThyssenKrupp AG
- ArcelorMittal
- Tata Steel
- POSCO
- SSAB AB
- China Baowu Steel Group Corporation Limited
- HBIS Group
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