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Global Flat Steel Market Size, Share, Analysis, Forecast: By Product: Sheets and Strips, Plates; By Material: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel; By Application: Building and Infrastructure, Automotive and Other Transport, Mechanical Equipment, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Flat Steel Market Outlook
The global flat steel market attained a value of USD 951.89 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.7% to attain a value of USD 1,320.07 billion by 2032.
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.
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Flat Steel: Market 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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Flat Steel Market Analysis
8.1 Key Industry Highlights
8.2 Global Flat Steel Historical Market (2018-2023)
8.3 Global Flat Steel Market Forecast (2024-2032)
8.4 Global Flat Steel Market by Product
8.4.1 Sheets and Strips
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plates
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Flat Steel Market by Material
8.5.1 Carbon Steel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Alloy Steel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Stainless Steel
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Tool Steel
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Flat Steel Market by Application
8.6.1 Building and Infrastructure
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive and Other Transport
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Mechanical Equipment
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Flat Steel Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Flat Steel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Flat Steel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Flat Steel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Flat Steel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Flat Steel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ArcelorMittal
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS)
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Baosteel Group Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Tata Steel Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 JFE Steel Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Flat Steel Market: Key Industry Highlights, 2018 and 2032
2. Global Flat Steel Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Flat Steel Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Flat Steel Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Flat Steel Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Flat Steel Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Flat Steel Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Flat Steel Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Flat Steel Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Flat Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Flat Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Flat Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Flat Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Flat Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Flat Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Flat Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Flat Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Flat Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Flat Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Flat Steel Market Structure
Key Questions Answered in the Report
In 2023, the global flat steel market attained a value of nearly USD 951.89 billion.
The market is projected to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,320.07 billion by 2032.
The major market drivers are the rising demand for flat steel products, increasing demand for flat steel in the automobile sector, and rising government investments in infrastructure development activities.
The key trends guiding the market include the surging demand for flat steel in the construction sector and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different products considered in the flat sheet market report are sheets and strips and plates.
Carbon steel, alloy steel, stainless steel, and tool steel are the various materials of flat steel considered in the market report.
The different applications of the product include building and infrastructure, automotive and other transport, and mechanical equipment, among others.
The key players in the market report are ArcelorMittal, PT KRAKATAU NIPPON STEEL SUMIKIN (KNSS), Baosteel Group Corporation, Tata Steel Limited, and JFE Steel Corporation, among others.
Analyst Review
The global flat steel market attained a value of USD 951.89 billion in 2023, 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 2024-2032, growing at a CAGR of 3.7%. The market is projected to reach USD 1,320.07 billion by 2032.
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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