The Carbon Steel market is forecast to reach USD 1161.98 Billion by 2027, according to a new report by Reports and Data. The global carbon steel market currently observes vigorous growth due to increased consumer demand for polymer foams. Advancements in the aerospace industry over the past few years and rising space explorations are expected to drive the carbon steel market in addition to the full range of carbon steel functions in a broad range of items such as flat-rolled sheets, structural steels, pipes and pressure vessels during the forecasted period.
The growth of the electrical & electronics sector over the forecast period is expected to drive the market. The growing use of lightweight advanced composites for new generation aircraft and increasing environmental issues provide the aviation manufacturing industry with substantial growth opportunities for carbon steel composites. Rising construction solutions for buildings and infrastructure offered by steelmakers are expected to drive the demand at a significant rate. In addition, large-scale use of steel for reinforcing bars & structural parts, roofing & insulation panels in construction and infrastructure is anticipated to strengthen and drive the growth of carbon steels in the construction sector. Also, changing lifestyles coupled with increased consumption of packaged food in developed countries is expected to increase demand for thin gauge flat carbon steels. A growing number of R&D activities aimed at furthering carbon steel applications in developing regions are expected to affect positively the growth of the demand for advanced materials.
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Key Players Profiled in the Report are:
JFE Steel Group, Baosteel Group, AK Steel Corporation, NLMK, Nippon Steel Corporation, HBIS Group, POSCO, United States Steel, Evraz plc, Arcelor Mittal.
The report offers a segmentation analysis of the market to impart a better understanding of the market. The report segments the Carbon Steel market on the basis of product types offered in the market, application spectrum, end-user industries, technologies, and key geographical regions of the market. The report also offers insights into the segment expected to show lucrative growth in the projected timeline.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Low Carbon
- Medium Carbon
- High Carbon
Application Outlook (Revenue, USD Billion; 2017-2027)
- Ship Building
- Construction
- Automotive
- Others
Shape Outlook (Revenue, USD Billion; 2017-2027)
- Long Steel
- Tubular Steel
- Flat Steel
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Regional Segmentation Covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report provides extensive coverage of the competitive landscape of the Carbon Steel market with company profiles, product portfolio, revenue generation, financial standing, market reach, and global position. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.
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To summarize, the Global Carbon Steel Market report is a dependable and authentic source for attaining crucial information and market insights to advance and boost your business significantly. The report studies all crucial aspects, such as present and future economic scenarios, beneficial opportunities, limitations, drivers and constraints, market growth rate, and risks.
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