By 2027, Flat Steel Market Will Reach US$ 613.7 Billion Revenue | Allegheny Technologies Incorporated, ArcelorMittal S.A. (Mittal Steel Company), China Steel Corporation, Hyundai Steel Co. Ltd and More
Year considered to estimate the market size:
• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027
The global flat steel market size reached US$ 444.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 613.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.6% during 2022-2027.
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Flat Steel Market Outlook:
Flat steel is a thin steel sheet, or plate, which is rolled from semi-finished rectangular billets, ingots, and slabs. It is widely utilized for manufacturing trailers, trucks, strips, cable trays and consumer durables. It is further used for improving design flexibility, durability, ductility, anti-corrosion properties, strength, quality, and overall shelf life of various products. Consequently, flat steel finds extensive applications in different industrial verticals, such as automotive, manufacturing, construction, and packaging.
Flat Steel Market Trends:
The growing utilization of flat steel for producing panels, doors, engines, blocks, wheels, fuel tanks, and automobile structures is creating a positive outlook for the market. Other factors, such as the rising demand for advanced high-strength steel (AHSS) for improving fuel efficiency and the increasing infrastructural developments in various countries, are contributing to the market growth.
Flat Steel Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global flat steel market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Flat Steel Companies Covered in this Market Report:
• Allegheny Technologies Incorporated
• China Steel Corporation
• Hyundai Steel Co. Ltd
• JFE Steel Corporation
• Nippon Steel Corporation
• SSAB AB
• Tata Steel Limited
• thyssenkrupp AG
• United States Steel Corporation
• voestalpine Stahl GmbH
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Market Segmentation for the Flat Steel Industry:
The report has segmented the global flat steel market on the basis of product, material, application and region.
Based on Product:
• Sheet and Strips
Based on Material:
• Carbon Steel
• Alloy Steel
• Stainless Steel
• Tool Steel
Based on Application:
• Building and Infrastructure
• Automotive and Other Transport
• Mechanical Equipment
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/flat-steel-market
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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