Global Flat Carbon Steel Market Segmentation by Product (Hot-Rolled Coils, Sheets and Plates, Galvanized Coils, Cold-Rolled Coils, Pre-Painted Steel Coils), by Application (Building & Infrastructure, Automotive and other transport, Mechanical Equipment, Others), by Region (North America, APAC, Europe, MEA& Africa and Latin America).
Various factors such as growing investments in building & infrastructure, rising urbanization, growing consumer awareness towards the benefits of flat steel such as design flexibility, high strength, low maintenance & construction cost, increasing government expenditure on infrastructure development are driving the global flat carbon market over forecast period.
However, factors such as volatile prices of raw material, stringent government regulations across various countries are restraining the market growth over forecast period.
By application, Automobile and other transport application held 41.09% of market share in 2019 and is expected to keep its dominance over forecast period. The application of flat products has allowed automobile producers to achieve expected standards of strength and protection for their vehicles at comparatively low costs when compared with other materials.
By geography, North America held 44.34% of market share in 2019 and is expected to keep its dominance over forecast period owing to growing demand from building and construction industry. Moreover, presence of a significant number of automotive manufacturers along with considerable economic growth has led to the consumption of Flat carbon steel in this region.
Report covers key development and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are Tata Steel Limited, ArcelorMittal, United States Steel Corporation, Voestalpine Group, China Baowu Group Ltd. Corporation, POSCO Steel, ThyssenKrupp AG, JFE Holdings and JSW among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, collaborations, expansion, joint ventures, strategic alliances and new product launches etc. to increaser their regional presence and business opeartions.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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