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Rolled And Drawn Steel Global Market Report 2025: Industrialization, Automotive Growth, and Infrastructure Development Fuelling the Market
Rolled And Drawn Steel Global Market Report
What Is The Projected Market Size Of The Global Rolled And Drawn Steel Global Market Report 2025 And Its Growth Rate?
•The rolled and drawn steel market has significantly grown in recent years and will grow from $273.88 billion in 2024 to $293.96 billion in 2025, boasting a 7.3% compound annual growth rate (CAGR).
•The growth is fuelled by industrialization, infrastructure development, automotive industry growth, global economic expansion, and energy sector developments.
•The market is poised for hefty growth in the coming years, forecasted to reach $365.53 billion in 2029 at a 5.6% CAGR.
•This growth can be attributed to the expansion of renewable energy infrastructure, electric vehicles (EV), sustainable construction focus, smart cities and IoT integration, and stricter environmental regulations.
What Is Driving The Growth In The Rolled And Drawn Steel Global Market Report 2025?
The growing global automotive industry is a major propellant for the future growth of the rolled and drawn steel market. The increasing demand for rolled and drawn steel directly correlates with the growing need for automotive parts, instrumental in maintaining the vehicle's aesthetic appeal, longevity, and original quality. In 2023, the United States experienced a significant growth in total car sales, going up by 12.3% from 2022. Such growth in the automotive industry will, in turn, spur the growth of the rolled and drawn steel market.
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Who Are the Key Players Driving Rolled And Drawn Steel Global Market Report 2025 Growth?
•KG Dongbu Steel Co Ltd.
•China Baowu Steel Group Corp Ltd.
•ArcelorMittal S.A.
•Pohang Iron and Steel Company
•Nippon Steel Corporation
•Baosteel Group Co
•Jiangsu Shagang Group Co Ltd.
•ThyssenKrupp AG
•Shougang Group Co Ltd.
•Nucor Corporation
What Are The Key Trends In The Rolled And Drawn Steel Global Market Report 2025?
Key trends in the rolled and drawn steel market include:
•Infrastructure investments
•Technological innovations in steel processing
•Advancements in steel production
•Integration of industry 4.0
•Digitalization of supply chains
What Are The Segments Of The Global Rolled And Drawn Steel Global Market Report 2025?
•By Type: Color Coated Coil, Continuous Hot Dip Galvanized Steel Coil, Carbon Structural Steel Cold Rolled Coils, Deep Drawing Cold Rolled Coils
•By Manufacturing Process: Basic Oxygen Furnace, Electric Arc Furnace
•By Application: Automotive, Construction, Home Appliance, Machinery, Other Applications
Which Region Leads The Rolled And Drawn Steel Global Market Report 2025?
Asia-Pacific was the largest region in the rolled and drawn steel market in 2024. This report also covers Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What is Covered in the Rolled And Drawn Steel Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Rolled And Drawn Steel Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rolled And Drawn Steel Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rolled And Drawn Steel Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rolled And Drawn Steel Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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