openPR Logo
Press release

Flat Steel Market 2021-2026: Industry Trends & Growth Forecast | Key players are POSCO, ArcelorMittal, Thyssenkrupp, and China Steel Corporation.

05-04-2021 11:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Flat Steel Market

Flat Steel Market

According to a comprehensive research report published by Global Market Insights, Inc., flat steel market size is projected to exceed $635 billion in terms of revenue by 2026.

Flat steel market is gaining commendable gains from extensive product utilization in numerous end-user sectors, including construction, transportation, mechanical equipment, and electrical appliances. Flat steel possesses several advantageous properties, such as versatility, 100% recyclable nature, and high efficiency, which classifies it as an ideal substitute for other metals & alloys.

Request for a sample copy of this report @

Also, surging toxic emissions have evoked concerns pertaining to environmental degradation among regulators. Intensifying concerns will result in colossal demand for energy-efficient and lightweight materials for sustainable development, which will spur flat steel industry growth.

Production of vehicles with reduced weight has induced demand for lightweight materials in the automotive industry. Automakers are focusing on manufacturing fuel-efficient vehicles, resulting in massive flat steel demand. Introduction of various government initiatives for the development of sustainable & efficient transportation solutions has also encouraged auto component manufacturers to use flat steel in the production of auto parts.

Increased manufacturing of gas containers and agriculture equipment has amplified the adoption of hot rolled steel coils. The product has found wide applications in the manufacturing of these equipment due to its economic feasibility and superlative consistency in quality. Flat steel-based hot rolled coils provide remarkable slip resistance towards oily & greasy surfaces. Hot rolled steel coils are apt to be utilized in a multitude of manufacturing activities due to their availability in various thickness grades.

Regional Growth drivers are

1. North America:
• Construction industry growth
• Growth in automotive industry
2. Europe:
• Rising demand for residential & non-residential construction
3. Asia Pacific:
• Rapid industrialization & rise in infrastructure investment
• Growing demand from automobile manufacturing industry

Speaking along the same lines, metallic coated steel sheets & strips are gaining high traction in recent days, which, in turn, will offer considerable impetus to the growth of flat steel market size. The growth is stemming from a myriad range of benefits provided by the product, such as high aesthetic value, eco-friendly nature, and durability. Such significantly expedient properties of metallic coated steel sheets & strips will push flat steel industry demand.

Request for customization @

Taking into consideration the geographical landscape, Europe is expected to emerge as a pivotal growth ground for flat steel market. The regional growth can be credited to the improving government standards toward environmental health and growing demand for new commercial & residential infrastructure in the region.

The European Construction Industry Federation estimates that in 2018, construction activities & productivity in Europe accounted for more than $1.4 billion. The government in the region is inclining towards the construction of green buildings due to the expedient energy performance provided by the structure.

Also, the construction industry in several countries across Asia Pacific, such as South Korea and India, is leaning toward the deployment of high-performance materials. These materials are gaining traction on account of minimal ecological impact and superior building efficiency, which is likely to enhance flat steel industry trends.

Browse Complete Report Summary @

Flat steel market players are experiencing a high degree of competition due to the adoption of business strategies, such as mergers & acquisitions, partnerships, and product development. This can be evidenced by the agreement signed by Allegheny Technologies, Inc., and NLMK USA in October 2018.

Both the companies entered into the agreement to offer carbon steel hot-rolling conversion services to NLMK. The agreement was aimed at expanding Allegheny’s ability to satisfy demand from the U.S. manufacturers for superior steel materials.

A few more notable flat steel market players include ArcelorMittal, POSCO, Hyundai Steel, Nippon Steel & Sumitomo Corporation, and Essar Steel.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Flat Steel Market 2021-2026: Industry Trends & Growth Forecast | Key players are POSCO, ArcelorMittal, Thyssenkrupp, and China Steel Corporation. here

News-ID: 2279449 • Views: 478

More Releases from global market insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases

More Releases for Flat

Global Interactive Flat Panels Sales Market Report
This report studies the global Interactive Flat Panels market status and forecast, categorizes the global Interactive Flat Panels market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Flat-panel displays are electronic viewing technologies used to enable people to see content
Flat Glass Market Recent Trends, Development 2024
Glass is a crucial building material without which modern luxury high-rise living would not be possible. Glass has redefined contemporary buildings and helped people to enjoy panoramic views from lofty heights. Flat glass is one such component which is used on a large scale. It is widely used in industrial as well as scientific arenas. Flat glass is used in a variety of end-products which include facades and windows for
Web Design Trends: Flat Design vs Flat Design 2.0
Flat design is a web design trend standing for minimalism and cleanness in the website design industry. This trend has become popular since 2012, replacing the Skeuomorphism trend – the most popular trend until then. Unlike skeuomorphism, which is characterized by real-life 3D objects and shiny buttons, flat design is recognizable for its flat shapes and objects; not generating depth, dimension or any effects, such as drop shadows, highlights and
Flat Boxer Engines Market Research Report 2017
Flat Boxer Engines market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Browse the full report with a table of contents : Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Flat Boxer Engines
Metal Coated Flat Glass Market : just published
Metal Coated Flat Glass Market Asia-Pacific Metal Coated Flat Glass market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. View Entire Report @ Geographically, this report split Asia-Pacific into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Metal Coated Flat
CARRYTEC M enclosure with flat bottom part
The CARRYTEC M, the enclosure with the handle, is now also available as a flat version as an alternative to the existing version with the high bottom part. The new version has a reduced installation depth and is ideally suited to devices in which a flat volume has to be packaged. However, it still offers enough room for interfaces while retaining its slim appearance. The CARRYTEC M is available in two