Flat Steel Market Expected to Grow at 580.2 Billion In Revenue by 2024

According to Market Study Report, Flat Steel Market provides a comprehensive analysis of the Flat Steel Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Flat Steel Market.

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The Flat Steel Market is estimated to be US$ 434.8 Billion in 2019 and is projected to reach US$ 580.2 Billion by 2024, at a CAGR of 5.9% from 2019 to 2024. This report spread across 165 Pages, Profiling 16 Companies and Supported with 127 Tables and 47 figures is now available in this research.

Top Key Players Profiled in the Flat Steel Market:
o ArcelorMittal (Luxembourg)
o Nippon Steel & Sumitomo Metal Corporation (Japan)
o Tata Steel (India)
o POSCO (South Korea)
o China Baowu Steel Group Corporation Limited (China)
o Shougang Group Co. Ltd.(China)
o SSAB AB (Sweden)
o JFE Steel Corporation (Japan)
o HBIS Group (China)
o ThyssenKrupp AG (Germany)
o Voestalpine Group (Austria)

"The building & infrastructure segment is expected to hold the largest share of the flat steel market during the forecast period"
The building & infrastructure segment accounted for the largest share of the flat steel market in 2018.Flat steel offers design flexibility, strength, and durability and is hence, used in the construction of buildings, bridges, factories, and other engineering structures. It is also used for the development of infrastructure in the energy sector. Oil, gas, and nuclear energy plants use tubular, wire, and long carbon steel products.

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"The electric arc furnace segment is expected to grow at the highest CAGR during the forecast period"
The electric arc furnace is used to manufacture products using scrap steel. The process is less vulnerable to the price fluctuations of iron ore and coking coal. The growth of this segment can be attributed to the energy-efficient processing,cost-effectiveness compared to the basic oxygen furnace process, and the difference in the capital required.

"The sheets & strips segment is expected to lead the flat steel market during the forecast period"
Based on type, the sheets & strips segment is estimated to account for the largest share of the flat steel market in 2019. Flat steel sheets & strips are used in the manufacturing of automobiles, home appliances, housing materials, and beverage cans, among others.Increasing demand from the home appliances and electrical appliances sectors is the major contributor to the growth of the sheets & strips segment.

Competitive Landscape of Flat Steel Market:
1 Introduction
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Strength of Product Portfolio
3 Business Strategy Excellence
4 Share of Key Players in the Flat Steel Market

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Reason to access this report:
o Market Penetration: Comprehensive information on various raw materials and processes of flat steel offered by top players operating in the market

o Product Development/Innovation: Detailed insights into upcoming developments in flat steel, R&D activities, and new applications in various end-use industries in the market

o Market Development: Comprehensive information about lucrative and emerging markets across different regions

o Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the flat steel market

o Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the flat steel market

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