Global Carbon Steel Market Current Trends, Segmentation, Key Players and Analysis

SDKI Inc. published a new report on the global carbon steel market. This study includes the statistical and analytical approaches needed to grow the carbon steel market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-106272

The carbon steel market is estimated to reach approximately US $ 1051.1 billion by 2030, from a market value of approximately US $ 798.7 billion in 2022, and is expected to grow at a CAGR of 4.0% during the 2022-2030 forecast period. increase.

Carbon steel is a steel with a carbon content of approximately 0.05% by weight up to 2.1% by weight. However, no minimum content is specified or required for other ingredients such as cobalt, chromium, niobium, molybdenum, tungsten and nickel. There are various types of carbon steel, including mild or low carbon steel, high-strength steel, and high carbon steel. The widespread use of carbon steel will drive the growth of the carbon steel market during the forecast period. These materials are widely used in the construction sector to build pipeline systems that collect water, natural gas and crude oil.

In addition, they are also used in the construction of bridges and buildings. Therefore, increased construction activity and increased investment in infrastructure are contributing to the growth of the carbon steel market during the forecast period. According to the India Brand Equity Foundation (IBEF) in September 2018, Embassy Office Parks raised approximately US $ 775.66 million through the listing of India's first real estate investment trust (REIT). Meanwhile, sales of new homes in the top seven cities in Japan increased 32% year-on-year to 193,000 units by 2018. In addition, the use of carbon steel in shipbuilding and automobiles is driving the growth of the carbon steel market. This is because carbon steel has the mechanical properties suitable for ships and is reasonably priced, making it suitable for building ships.

Report sample URL
https://www.sdki.jp/sample-request-106272

However, the availability of polymer materials can hinder the growth of the carbon steel market during the 2022-2030 forecast period.

Carbon steel market segment

The carbon steel market is by grade (low grade carbon steel, medium grade carbon steel, high grade carbon steel, ultra high grade carbon steel), by application (basic and perforated sheets, reinforced and reinforced, regular plates and floor plates, Pipes and tubes, wires, angles, channels, beams, etc.), by end use (automobile, construction, railroad, shipbuilding / ocean, aerospace, energy, heavy industry / equipment, home appliances, cutting tools), by foam (hot) Rolled carbon steel, cold rolled carbon steel), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Carbon Steel Market

North American region is the world's leading region in terms of market share. This is due to its widespread use in aerospace and shipbuilding activities. Meanwhile, the Asia Pacific carbon steel market is expected to show the highest growth rate / CAGR during the 2022-2030 forecast period. Factors such as the rapidly growing construction sector create favorable growth opportunities for the carbon steel market in the Asia Pacific region. In addition, China dominates the carbon steel market in the Asia-Pacific region with growth in the shipbuilding industry, increased use of products in the construction and automotive sectors, and the proliferation of key market players in the region.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key Players in the Carbon Steel Market

Key players in the carbon steel market include JFE Steel Corporation, Nippon Steel Corporation, Baosteel Group, Curtis Steel Co., Inc, Bushwick Metals LLC, ArcelorMittal SA ,, Omega Steel Company and Afarak. Group, Tata Steel Group, AK Steel Corp. and others. The survey includes a detailed competitive analysis of these major companies in the carbon steel market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/global-carbon-steel-market/197

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This release was published on openPR.