As per a new research report by Maximize Market Research, the North American market for Steel Flat-Rolled Products is expected to surpass $xx million by the year 2026, from the US $xx million in 2019. Steel flat-rolled products are widely utilized in-car applications such as cold-rolled applications are the primary preferred seat belt components and auto transmission components. Emerging economies and an increasing share of the automotive industry are triggering market growth. However, factors such as corrosion, expensive cost of material, and shits towards other alternative products may slow the market growth.
Asia Pacific is expected to grow at a CAGR of 6.1% during the forecast period and is expected to reach xx% market share by 2026. Increasing infrastructure investment and steel productions in China is increased as the trade war between U.S. and China is likely to end besides, government stimulus packages have made a positive effect on the steel flat-rolled market. Rising import and export has led to increasing demand for ships, containers are further contributing to the market growth.
The study is consolidated on the basis of five major segments, By Product Type (Sheet & strips and Plates), By Material (Carbon steel, Alloy steel, Stainless steel and Tool steel), By End-Use (Construction Industry, Automotive & other transport, Mechanical equipment and Others) and to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Based on End-Use, in 2019, the global construction segment was xx% and it is estimated to reach USD$ XX Mn by 2026. Rising manufacturing of residential and commercial buildings and with the increasing applications of steel flat-rolled products such as in roofing, walling, and ceiling materials has fuelled the market growth. Other factors that are driving the market growth are the establishment of a new manufacturing industry and government initiatives towards the construction sector.
The report published by Maximize, along with various market dynamics, which could affect the market growth of Steel Flat Rolled Products market in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
Global Steel Flat Rolled Products Market competitive Landscape:
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Steel Flat Rolled Products Market. The report encompasses the market by different segments and regions, 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 Steel Flat Rolled Products 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 has been taken into consideration for enhancing market know-how of our clients and at the same time explain Steel Flat Rolled Products Market positioning of competitors.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Steel Flat Rolled Products Market”
https://www.maximizemarketresearch.com/market-report/global-steel-flat-rolled-products-market/86985/
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