Flat Steel market Astonishing Growth | Top Competitors like POSCO, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, Tata Steel Limited, Hyundai Steel Co, Essar Steel, Thyssenkrupp AG, China Steel Corporation, Voestalpine Group & More
Flat steel market is projected to record a substantial growth rate over the coming years owing to rapid technological advancements. The growing demand for flat steel products from transport networks, building & infrastructure, automotive, and a number of other sectors will also aid the industry expansion.
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Flat steel products consist of both steel sheets and steel plates. They are generally rolled from slabs, that are semi-finished steel product. The flat steel products are utilized in a wide range of industries namely domestic appliances, construction, automobile, shipbuilding, and agriculture.
The flat steel market is segmented in terms of product, end-use, and regional landscape.
Based on product, the market is divided into metallic coated sheet & strip, hot rolled flat sheets, non-metallic coated sheet and strip, and tin plates. Among these, the non-metallic coated sheet and strip segment is anticipated to grow owing to superior adhesion properties and improved aesthetic quality.
The tin plates product segment will witness a CAGR of more than 3% and is likely to show appreciative growth. Tinplate is light gauge, low-carbon cold-reduced strip or sheet of steel, that is coated on both faces with tin that is commercially pure. It merges within one material the formability and strength of steel and the weldability, corrosion resistance, as well as god appearance and luster of tin.
The largest application of tin is seen in packaging and it also provides an exceptional printing surface as well. The tin coating has a low meting point, imparts a good appearance, and also possesses lubricant qualities. Several automotive applications also exist for tin, including the production of engine gaskets, oil filters, and brake line tubes.
With respect to end-use, the market is bifurcated into building & infrastructure, automotive & transportation, electrical appliances, agriculture equipment, gas containers, transport network, residential, commercial, mechanical equipment, utilities, and others.
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Easy formability and high resistance to external environmental factors are likely to stimulate the market growth of the agriculture equipment end use segment. The gas containers end-use segment recorded a share of over 2.5% in 2018 and is likely to sow appreciative growth.
The others which include ship building and domestic appliances represents a share of over 3.5% and will further show continuous growth. The durability and versatility of steel makes it the ideal material for use in domestic appliances. Flat steel could be used in a wide variety of appliances like refrigerators and ovens.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Flat Steel Industry Insights
Chapter 4. Flat Sheets Market, By Product
Chapter 5. Flat Sheets Market, By End-Use
Chapter 6. Flat Steel Market, By Region
Chapter 7. Company Profiles
Complete report titled at: https://www.marketstudyreport.com/reports/flat-steel-market
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