Press release
Flat Steel Market 2022 - Key Reasons behind Higher Demand and Sales till 2028
MARKET INTRODUCTIONFlat steel is steel products manufactured by hot rolling or cold rolling processes. Some of the commonly manufactured and used flat steel products include steel sheets, plates, tin plates, rolled coils, flat bars, electrical sheets, etc. Flat steel is produced by passing the steel ingot through rollers. The steel billet is rolled into a flat shape when it is fed through rollers rotating in the opposite direction. Flat steel products are a precursor to manufacture a number of value-added products in the manufacturing sector.
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MARKET DYNAMICS
Rapid industrialization and the emergence of new industries in the developing regions of the world have given an impetus to the demand for flat steel products. Flat steel is an essential raw material in a number of industries. The heavy dependence of flat steel by the manufacturing sector is predicted to be a major factor behind the growth of the flat steel market. The uses of flat steel in manufacturing cookware such as cookers, pots, sinks, and grills are expected to propel the flat steel market. The widespread use of flat steel in the construction of railway tracks, bridges, roads, buildings, and other infrastructure is anticipated to augment the demand for flat steel. Flat steel offers benefits such as design flexibility, superior strength, high durability, and low cost. These attributes of flat steel are likely to attract significant consumer demand in the future. The increase in government expenditure on developing infrastructure and booming manufacturing sector is expected to create lucrative opportunities for flat steel manufacturers in the forecast period.
MARKET SCOPE
The "Global Flat Steel Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flat steel market with detailed market segmentation by process, product, end-use, and geography. The global flat steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flat steel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global flat steel market is segmented on the basis of process, product, and end-use. On the basis of process, the flat steel market is segmented into, basic oxygen furnace and electric arc furnace. On the basis of product, the market is bifurcated into, hot rolled flat sheets, hot rolled coils, electrical sheet & strip, metallic coated sheet & strip, non-metallic coated sheet & strip, tin plates, and others. Based on end-use, the global flat steel market is segmented into, building & infrastructure, automotive & transportation, mechanical equipment, electrical appliances, agriculture equipment, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flat steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flat steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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The report analyzes factors affecting the flat steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flat steel market in these regions.
MARKET PLAYERS
The reports cover key developments in the flat steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from flat steel market are anticipated to lucrative growth opportunities in the future with the rising demand for flat steel in the global market. Below mentioned is the list of few companies engaged in the flat steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flat steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ansteel Group Corporation Limited
- ArcelorMittal S.A.
- China Baowu Steel Group Corporation Limited
- Gerdau S.A.
- JFE Steel Corporation
- Nippon Steel & Sumitomo Metal Corporation
- POSCO
- Tata Steel
- Thyssenkrupp AG
- United States Steel Corporation
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About The Insight Partners:
The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.
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