Iron & Steel Market worth $2.29 trillion by 2030, growing at a CAGR of 4.31% - Exclusive Report by 360iResearch

The "Iron & Steel Market by Product (Iron Ore, Steel), Form (Pipes/Tubes, Rods/Bars, Sheets/Plates), End-Use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Iron & Steel Market to grow from USD 1.70 trillion in 2023 to USD 2.29 trillion by 2030, at a CAGR of 4.31%.

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The iron & steel market encompasses producing, distributing, and consuming metallic raw materials derived from iron ore. These materials are fabricated into various end products across various industries, such as automotive, construction, aerospace, energy, packaging, and heavy machinery. The global iron and steel industry is highly competitive, with a diversified product portfolio of ferrous alloys, including carbon steel, alloy steel, stainless steel, cast iron, pig iron, wrought iron, and other specialty metals. Rapid global urbanization has increased demand for residential and commercial buildings, roads, bridges, and transportation infrastructure, which require significant steel products. Furthermore, the increasing steel consumption in the automotive and energy & power industries is leading to market growth. However, environmental concerns due to greenhouse gas emissions and price volatility affecting profitability across the value chain are impacting the iron & steel market. Increasing investment by the market players and government support for iron & steel in emerging economies. Moreover, adopting sustainability-focused initiatives such as hydrogen-based green steel production techniques and recycling-based circular economy models that reduce energy consumption and carbon emissions is an lucrative opportunity for the market.

In the Americas, the US iron & steel industry has seen substantial growth following recent investments to modernize facilities and enhance production processes and Canada also contributes significantly to this region's steel output. Both countries share similar consumer needs and purchasing behaviors primarily driven by infrastructure development and automobile manufacturing sectors. In the EMEA region, Germany leads European crude steel production, followed by Italy, France, and Spain. The Middle East has experienced increasing demand for iron & steel due to rapid urbanization and growth in critical sectors such as construction, oil & gas, and transportation. In Africa, South Africa stands out as a major producer due to its well-developed mining sector that supplies raw materials for local production. In the Asia Pacific region, China dominates the iron & steel industry globally, with its massive population driving domestic demand for construction materials, automobiles, machinery, and appliances. Japan is known for its advanced technology employed in manufacturing high-quality steel. At the same time, India's increasing urbanization has led to significant investments in infrastructure projects that drive up demand for iron & steel products.

Market Segmentation & Coverage:

This research report categorizes the Iron & Steel Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Iron Ore and Steel. The Steel is projected to witness significant market share during forecast period.

Based on Form, market is studied across Pipes/Tubes, Rods/Bars, and Sheets/Plates. The Pipes/Tubes is projected to witness significant market share during forecast period.

Based on End-Use Industry, market is studied across Aerospace, Automotive, Construction, Energy, Machinery & Equipment, and Packaging. The Machinery & Equipment is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 41.52% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Iron & Steel Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Iron & Steel Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Iron & Steel Market, highlighting leading vendors and their innovative profiles. These include ArcelorMittal S.A., Baoshan Iron & Steel Co., Ltd., China Ansteel Group Corporation Limited, China Baowu Steel Group Corp., Ltd., Cleveland-Cliffs Inc., Gerdau S/A, Hesteel Group Company Limited, Hyundai Steel Company, Industrias CH, JFE Steel Corporation, Jindal Steel and Power Limited, JSW Steel Limited, Kobe Steel, Ltd., Mitsui & Co., Ltd., Nippon Steel Corporation, Nucor Corporation, Outokumpu, POSCO, Sabre Steel Inc, Salzgitter AG, Shandong Iron and Steel Group Co., Ltd., SSAB AB, Tata Steel Limited, ThyssenKrupp AG, and United States Steel Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Iron & Steel Market, by Product
7. Iron & Steel Market, by Form
8. Iron & Steel Market, by End-Use Industry
9. Americas Iron & Steel Market
10. Asia-Pacific Iron & Steel Market
11. Europe, Middle East & Africa Iron & Steel Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Iron & Steel Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Iron & Steel Market?
3. What is the competitive strategic window for opportunities in the Iron & Steel Market?
4. What are the technology trends and regulatory frameworks in the Iron & Steel Market?
5. What is the market share of the leading vendors in the Iron & Steel Market?
6. What modes and strategic moves are considered suitable for entering the Iron & Steel Market?

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