Press release
Steel Products Market 2024 - By Size, Share, Trends, Growth Analysis And Outlook By 2033
Steel Products Market
As per the report, the steel products market size has grown strongly in recent years. It will grow from $452.66 billion in 2023 to $479.07 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The steel products market size is expected to see strong growth in the next few years. It will grow to $582.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=3540&type=smp
Increasing Urbanization Is Fuelling Steel Product Market
Rapidly growing urban populations are expected to drive the demand for steel products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world's population lived in urban areas and the rate is expected to rise to 68% by 2050. According to the World Bank, the urban population in South Asia grew by 130 million and is expected to grow to 250 million by 2030.
R&D Investment Reshaping The Metal Manufacturing Landscape Including Steel Products
Metal manufacturing companies are increasing research and development (R&D) expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities. For instance, in April 2022, according to the US government's FY 2023 budget, the government proposed to spend $111 billion for basic and applied research, an increase of $25 billion (29%) over FY 2021 spending levels, and over $100 billion for the first time, and total spending for R&D of $205 billion, an increase of $45 billion over FY 2021 (28%), and over $200 billion for the first time. Thus, the introduction of new product lines through increased R&D spending is a significant trend in the metal manufacturing industry.
The steel products market covered in this report is segmented -
1) By Type: Rolled and Drawn Steel, Iron and Steel Pipe and Tube
2) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes
3) By Application: Construction, Automotive, Energy, Packaging, Other Applications
Subsegments Covered: Rolled Steel, Drawn Steel
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=3540&type=discount
Major companies operating in the steel products market include Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A., Saint-Gobain S.A., Nippon Steel & Sumitomo Metal Corporation, Kobe Steel Ltd., Vallourec SA, Voestalpine AG, Mechel PAO, Nippon Steel Corporation, HBIS Group, POSCO, Shagang Group, Ansteel Group, JFE Steel Corporation, Tata Steel, Shougang Group Co. Ltd., Shandong Iron and Steel Group Co Ltd., Baosteel Group, Wuhan Iron and Steel Corporation, Maanshan Iron and Steel Company Limited, Gerdau S.A., Steel Dynamics Inc., ThyssenKrupp AG, United States Steel Corporation, JSW Steel Limited, Severstal, Evraz Plc, Novolipetsk Steel, Hyundai Steel, Essar Steel, Rizhao Steel, CITIC Limited, China Fangda Group, Guangxi Liuzhou Iron and Steel Group, Inner Mongolia Baotou Steel Union Co. Ltd.
Contents of the report:
1. Executive Summary
2. Steel Products Market Report Structure
3. Steel Products Market Trends And Strategies
4. Steel Products Market - Macro Economic Scenario
5. Steel Products Market Size And Growth
…..
27. Steel Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/steel-products-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steel Products Market 2024 - By Size, Share, Trends, Growth Analysis And Outlook By 2033 here
News-ID: 3618579 • Views: …
More Releases from The Business research company
Analysis of Key Market Segments Driving the Low Calorie Snacks Market
The market for low calorie snacks is on a rapid growth trajectory, driven by changing consumer preferences and innovative product developments. As more individuals prioritize healthier eating habits, this sector is evolving with new offerings and expanding retail channels. Let's explore the current market value, prominent players, emerging trends, and key segments shaping the future of low calorie snacks.
Projected Market Size and Growth in the Low Calorie Snacks Market …
Future Perspective: Key Trends Shaping the Medicinal and Aromatic Plant (MAP) Ma …
The market for medicinal and aromatic plants is gaining substantial momentum as various industries increasingly recognize its value. With growing awareness of natural health solutions and sustainability, the sector is set to experience significant growth in the coming years. Let's explore the market size projections, key players, influential trends, and how the market is segmented for a clearer understanding of its future trajectory.
Steady Expansion Expected in the Medicinal and Aromatic…
Global Trends Overview: The Rapid Evolution of the Liquid Cheese Market
The liquid cheese market is on a path of steady expansion, driven by evolving consumer preferences and innovations in product offerings. As more people seek convenient and flavorful cheese options, this sector is positioned to experience notable growth over the next several years. Let's explore the current market size, key players, industry trends, and segmentation details shaping the future of liquid cheese.
Projected Growth and Market Value of the Liquid Cheese…
Segmentation, Major Trends, and Competitive Overview of the Lagers Market
The lagers market is set to experience consistent growth over the coming years, driven by evolving consumer tastes and expanding industry investments. As preferences shift toward premium and specialty beers, the market is adapting to meet these new demands, opening up opportunities for product innovation and wider distribution.
Forecasted Expansion of the Lagers Market by 2030
By 2030, the lagers market is projected to reach a value of $225.03 billion,…
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),…
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
