LONDON--(BUSINESS WIRE)--The global carbon steel market size is expected to grow by 699.35 MT during 2020-2024, progressing at a CAGR of almost 8% during the forecast period.
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The use of carbon steel in the construction sector is one of the major factors propelling market growth.
The construction industry, which involves commercial, residential, and industrial sectors, is one of the significant consumers of carbon steel products. Carbon steel is used as a primary raw material for manufacturing structural frameworks, high strength plates, rectangular tubing, and other construction components owing to its lightweight, strength, and ductility. These structural products have applications in various construction activities. Therefore, the growing construction and infrastructure projects across developed and developing countries such as the US, China, India, the UAE, the UK, Japan, and others are increasing sales of carbon steel. As a result, the carbon steel market growth is expected to be substantial over the forecast period.
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Global Carbon Steel Market: End-user Landscape
The development of high-rise buildings, tech parks, roads, highways, bridges, and other residential and commercial infrastructure across the world has increased the use of carbon steel. The metal is extensively used in the construction industry, primarily owing to its high strength and ductility. Moreover, major industry players such as Nippon Steel are involved in developing carbon steel products with high ductility. These factors will contribute to the carbon steel market growth by the construction segment substantially over the forecast period. The growth rate of the construction market segment is expected to be slower compared with the shipbuilding and automotive market segments over the forecast period.
Global Carbon Steel Market: Geographic Landscape
APAC was the largest market for carbon steel in 2019, and the region will continue to offer maximum growth opportunities to vendors over the forecast period. The rapid growth in industrialization and infrastructural developments are some of the significant factors contributing to the carbon steel market share growth in APAC. Government-driven large-scale infrastructure projects are primarily contributing to the market growth in the region. Almost 76% of the overall market’s growth will originate from APAC during the forecast period. China, India, Indonesia, and South Korea are the key markets for carbon steel in the region. The market growth rate in this region will be faster than that of other geographies during the forecast period.
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Companies Covered
- ArcelorMittal SA
- Baoshan Iron & Steel Co. Ltd.
- Essar Steel India Ltd.
- HBIS Group Co. Ltd.
- Hyundai Steel
- Jindal Steel & Power Ltd.
- Nippon Steel Corp.
- POSCO
- Tata Steel Ltd.
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and United States Steel Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Carbon Steel Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in carbon steel market growth during the next five years
- Estimation of the carbon steel market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the carbon steel market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of carbon steel market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Construction - Market size and forecast 2019-2024
- Shipbuilding - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increase in the adoption of sustainable manufacturing practices
- Increasing technological developments in the global steel industry
- Rise in the demand for carbon steel with increasing
- wind power installations
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ArcelorMittal SA
- Baoshan Iron & Steel Co. Ltd.
- Essar Steel India Ltd.
- HBIS Group Co. Ltd.
- Hyundai Steel
- Jindal Steel & Power Ltd.
- Nippon Steel Corp.
- POSCO
- Tata Steel Ltd.
- United States Steel Corp.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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