Global Flat Carbon Steel Industry 2018 Industry Analysis, Top Players, Revenue and Market Share Report
Flat Carbon Steel Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of flat carbon steel market by product (hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted steel coils), application (building & infrastructure, transportation, energy, mechanical equipment manufacturing, and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the flat carbon steel market it includes the five years Industry analysis and the 6 years annual forecast from to 2024. Some of the prominent participants in the global flat carbon steel market are ArcelorMittal S.A., China BaoWu Group Corporation Ltd., Nippon Steel & Sumitomo Metal Corporation, POSCO Steel, Dongkuk Steel, HYUNDAI STEEL, Dongbu Steel, EVRAZ plc, SAIL, and JFE Steel Corporation. The global flat carbon steel market is projected to grow at a CAGR of 3.5% over the forecast period of 2018-2024.
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Rising Demand for Steel From the Construction and Automotive Industry Acts as a Major Driver for the Growth of the Flat Carbon Steel Market
The rising demand for steel from the construction and automotive industry acts as a major driver for the growth of the flat carbon steel market. Flat carbon steel is made into flat-rolled sheets and strips, used for shipbuilding, wire, vehicle bodies, and domestic appliances. Flat carbon steel is gaining presence in the automotive industry owing to the growing use of lightweight materials in automotive design. In addition, the expanding infrastructure development in the emerging economies contributes heavily to the growth of flat carbon steel market.
The physical properties of flat carbon steel such as excellent strength and toughness make them useful in a large number of applications. As flat carbon steel is resistant to corrosion and abrasion, it is used in enclosures for the car park and airport buildings, the cladding of refurbished tunnels, railway bridge structures and in electric light poles. Furthermore, the rising maintenance and refurbishment activities in the developed nations propel the growth of flat carbon steel market. Moreover, the growing investments in infrastructural development and the rapid industrialization create opportunities for the growth of flat carbon steel market.
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Asia Pacific Dominates the Flat Carbon Steel Market
Geographically, Asia Pacific dominates the flat carbon steel market. The rapid industrialization and the growth of automotive and construction industry are anticipated to drive the growth of flat carbon steel market in the Asia Pacific region. In addition, rising infrastructural development due to rising population and urbanization in India and China fuels the growth of flat carbon steel market. Europe holds the second largest market share in the flat carbon steel owing to the growth of the automotive industry in this region.
Flat Carbon Steel Market: Segmentation
The report on global flat carbon steel market covers segments such as product and application. On the basis of product, the sub-markets include plates, hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted steel coils. On the basis of application, the sub-markets include building & infrastructure, transportation, energy, mechanical equipment manufacturing, and others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the flat carbon steel.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.