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Global Flat Steel Market: By Product: Sheets and Strips, Plates; By Material: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel; By Application: Building and Infrastructure, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Flat Steel Market Outlook

The global flat steel market attained a value of USD 853.6 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 3.7% to attain a value of USD 992 billion by 2026.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Flat Steel Industry

Region-wise, the Asia Pacific is expected to occupy a significant share in the industry. China is one of the largest manufacturers of steel and a leading global exporter. In addition, flat steel finds increased usage in garden sheds, fencing, automobiles, construction, machinery, and much more. Moreover, an increasing demand in the automobile sector is catalysing the demand for flat steel, which is anticipated to propel the market growth in the coming years. Furthermore, an increased demand in the construction industry is projected to drive the market growth in the forecast period.

 

Flat Steel: Industry Definition and Segmentation

Flat steel refers to a type of processed metal that is generated by melting and stretching under an applied force. The force is applied to convert metal pieces in the form of sheets,  strips, or tin plates. Flat steel is used for fencing, roofing, water tanks, garden sheds, and much more. Further, carbon steel and alloy steel are among the different flat steel materials utilised in the industry. Carbon steel is a steel with carbon content which is used in railway tracks, crankshafts, gears, and machinery parts, whereas alloy steel is used in rods, wires, bars, and rails. In case of alloy steel, alloying elements, such as molybdenum, manganese, nickel, and chromium, among others, are added to increase strength, wear resistance, and toughness  of the final product.

By product, the market can be distributed into:

  • Sheets and Strips
  • Plates

The market can be broadly categorised, on the basis of material, into:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

On the basis of application, the market can be segmented into:

  • Building and Infrastructure
  • Automotive and Other Transport
  • Mechanical Equipment
  • Others

The EMR report looks into the regional markets of flat steel like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increased Demand for Steel for Various Applications to Bolster the Growth of the Global Flat Steel Market

The global flat steel industry is being driven by the increasing demand for steel in various application sectors, including automotive and construction, across the globe. The market growth is anticipated to be aided by the increasing demand for automobiles among consumers, which is being fuelled by the rising global population and its subsequent transportation needs. In this regard, the growing need of lightweight vehicles due to their low fuel consumption properties is expected to propel the flat steel industry growth. In addition, the rising investments by the government in infrastructure development activities are also projected to aid the market growth. The rapidly expanding construction industry is predicted to enhance the demand for flat steel in building and infrastructure applications. Additionally, favourable government initiatives and advancements in flat steel technologies are estimated to boost the growth of the industry. Moreover, recyclability and reusability offered by flat steel are also expected to add to its overall popularity in the coming years.

 

Key Industry Players in the Global Flat Steel Market

The report presents a detailed analysis of the following key players in the global flat steel market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ArcelorMittal
  • PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS)
  • Baosteel Group Corporation
  • Tata Steel Limited
  • JFE Steel Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Material, Application, Region
Breakup by Product Sheets and Strips, Plates
Breakup by Material Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
Breakup by Application Building and Infrastructure, Automotive and Other Transport, Mechanical Equipment, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ArcelorMittal, PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS), Baosteel Group Corporation, Tata Steel Limited, JFE Steel Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook©©
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Flat Steel Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Flat Steel Historical Market (2017-2021) 
    8.3    Global Flat Steel Market Forecast (2022-2027)
    8.4    Global Flat Steel Market by Product
        8.4.1    Sheets and Strips
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Plates
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Flat Steel Market by Material
        8.5.1    Carbon Steel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Alloy Steel
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Stainless Steel
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Tool Steel
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Flat Steel Market by Application
        8.6.1    Building and Infrastructure
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Automotive and Other Transport
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Mechanical Equipment
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Flat Steel Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ArcelorMittal
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS)
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Baosteel Group Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Tata Steel Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    JFE Steel Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Flat Steel Market: Key Industry Highlights, 2016 and 2026
2.    Global Flat Steel Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Flat Steel Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Flat Steel Historical Market: Breakup by Material (USD Billion), 2017-2021
5.    Global Flat Steel Market Forecast: Breakup by Material (USD Billion), 2022-2027
6.    Global Flat Steel Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Flat Steel Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Flat Steel Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Flat Steel Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Flat Steel Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Flat Steel Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Flat Steel Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Flat Steel Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Flat Steel Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Flat Steel Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Flat Steel Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Flat Steel Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Flat Steel Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Flat Steel Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Flat Steel Market Structure

Key Questions Answered in the Report

In 2020, the global flat steel market attained a value of nearly USD 853.6 billion.

The market is projected to grow at a CAGR of 3.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 992 billion by 2026.

The major drivers of the industry, such as the rising demand for flat steel products, increasing demand in the automobile sector, heightened demand in the construction industry, and rising government investments in infrastructure development activities.

The key market trends guiding the growth of the industry include the growing innovations such as the advancements in traditional production mechanism for hot rolled coil and in direct strip are expected to aid the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant flat steel products include sheets and strips and plates.

The different materials considered in the market report include carbon steel, alloy steel, stainless steel, and tool steel.

The different applications of the product include building and infrastructure, automotive and other transport, and mechanical equipment, among others.

The major players in the industry are ArcelorMittal, PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS), Baosteel Group Corporation, Tata Steel Limited, JFE Steel Corporation, and others.

Analyst Review

The global flat steel market attained a value of USD 853.6 billion in 2020, driven by the increasing demand in the automobile industry. Aided by the growing capital expenditure in the infrastructure industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.7%. The market is projected to reach USD 992 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the flat steel industry can be segmented into sheets and strips, and plates. The market can be segregated, based on material, into carbon steel, alloy steel, stainless steel, and tool steel. On the basis of application, the market is categorised into building and infrastructure, automotive and other transport, and mechanical equipment. The major regional markets for flat steel are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ArcelorMittal, PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS), Baosteel Group Corporation, Tata Steel Limited, and JFE Steel Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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