Flat Steel Market Size, Share, Demand, Manufacturers and Research Report 2023-2028

IMARC Group has recently released a new research study titled "Flat Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is the flat steel industry?

The global flat steel market size reached US$ 472.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 643.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Industry Insight:

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.

Market Trends:

The widespread adoption of flat steel in various commercial sectors due to its several advantageous properties, such as durability, strength, quality, flexibility and corrosion and the rising inclination of manufacturers toward energy-efficient, cost-effective, and eco-friendly commodities are primarily driving the flat steel market growth. In addition to this, 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.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/flat-steel-market/requestsample

Flat Steel Market 2023-2028 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.

Top Flat Steel Manufactures: 

• Allegheny Technologies Incorporated
• Arcelormittal
• China Steel Corporation
• Hyundai Steel Co. Ltd
• JFE Steel Corporation
• Nippon Steel Corporation
• POSCO
• SSAB AB
• Tata Steel Limited
• thyssenkrupp AG
• United States Steel Corporation
• voestalpine Stahl GmbH

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Sheet and Strips
• Plates

Breakup by Material:

• Carbon Steel
• Alloy Steel
• Stainless Steel
• Tool Steel

Breakup by Application:

• Building and Infrastructure
• Automotive and Other Transport
• Mechanical Equipment
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4108&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.