The research report on the global flat carbon steel market predicts that the industry will witness stellar growth rate of 3.8 % over the forecast period of 2018 to 2027. It also projects that the global flat carbon steel market will grow to hit the mark of US$ 391.45 billion at the end of the forecast period in 2027.
Types of products offered by the players and manufacturers in the global flat carbon steel market include plates, cold rolled coils, pre-painted steel coils, hot rolled coils, galvanized coils, and tin plates. Hot rolled coils emerges as one of the most lucrative segments in the global flat carbon steel market. High demand for hot rolled coils can be attributed to their application in electric appliances as well as in automotive assembly. Their excellent durability and strength makes hot rolled coils the leading segment in global flat carbon steel market. Products in the global flat carbon steel market find applications in industry verticals such as machine manufacturing, and building and construction, among others.
The study projects that the rising number of infrastructure development projects across the world may propel the demand in global flat carbon steel market in coming years. The development of state of the art infrastructure owing to increasing global population has been an essential factor stimulating excellent development opportunities and creating new avenues in the global flat carbon steel market. Furthermore, rising interest of level carbon steel from various industries such as marine, railway, and aviation is also motivating the sales in global flat carbon steel market in near future.
Asia Pacific Leads the Flat Carbon Steel Market
Major regions assessed in the business intelligence report on the global flat carbon steel market include North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. Leading countries covered in the professional study report on global flat carbon steel market are the United States, the United Kingdom, China, Brazil, South Africa, Canada, Germany, Japan, Mexico, Gulf Cooperation Countries, France, India, Spain, Australia, Italy, ASEAN countries, Greece, Russia, Turkey, CIS countries, and rest of the Europe, rest of the South America, rest of the Asia Pacific, and rest of the Middle East and Africa.
Asia Pacific lead the global flat carbon steel market in 2017 owing to high consumption of flat carbon steel in production and manufacturing hubs is countries such as India, South Korea, China, Taiwan, and Japan. The same region i.e. Asia Pacific is anticipated to witness significant growth in coming years in global flat carbon steel market. Key factors behind this trend are rising demand for products in the global flat carbon steel market in several end use industries in various developing nations within Asia Pacific. Another region projected to witness high growth opportunities in global flat carbon steel market in coming years in North America.
Players in Flat Carbon Steel Market Focused on Joint Ventures and M & A
Players operating within the global flat carbon steel market are adopting various strategies in order to expand their geographical footprint in the global industry landscape. Some of these key strategies and techniques adopted by major players in the global flat carbon steel market include expansion of production capacity, expansion of end use portfolio, and introduction and launching of new products. The competitive landscape of the global flat carbon steel market is dominated by several large, small, as well as medium sized companies.
One of the leading companies that held a significant share in the global flat carbon steel market in 2017 was Arcelor Mittal S. A. Several other development strategies implemented by the players in global flat carbon steel market include mergers and acquisitions, partnerships and agreements, and regional expansion. For instance, Arcelor Mittal entered into a joint venture in February of 2017 with Cellino Group. The aim of this joint venture was to produce various essential steel products for variety of end use industry verticals such as construction and agricultural equipment, energy, and trucks, among others.
Global Flat Carbon Steel Market – Product Analysis
- Hot-rolled coils
- Cold-rolled coils
- Galvanized coils
- Pre-painted steel coils
Global Flat Carbon Steel Market – Application Analysis
- Machine manufacturing
- Building & construction
Global Flat Carbon Steel Market – Regional Analysis
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”
7 of 10 large enterprizes view our Report to take the right decision.View Report