The report “Flat Steel Market by Type (Sheets & Strips, Plates), End User (Building & Infrastructure, Automotive & Other Transport, Mechanical Equipment), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2026″, The flat steel market is projected to reach USD 757.15 Billion by 2026, at a CAGR of 6.7% from 2016 to 2026. Growth in the construction as well as the automotive industries has largely contributed to the increasing demand for flat steel across the globe.
Browse 125 market data tables and 62 figures spread through 188 pages and in-depth TOC on “Flat Steel Market by Type (Sheets & Strips, Plates), End User (Building & Infrastructure, Automotive & Other Transport, Mechanical Equipment), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) – Global Forecast to 2026”
https://www.marketsandmarkets.com/Market-Reports/flat-steel-market-110723589.html
Early buyers will receive 10% customization on this report.
Among end users, the building & infrastructure segment projected to lead the flat steel market between 2016 and 2026.
The building & infrastructure end user segment is leading the flat steel market in 2016, owing to extensive use of flat steel in the construction of buildings, railway tracks, roads, bridges, factories, and other engineering structures. Flat steel is used in the building & infrastructure sector as it offers design flexibility, high strength, and increased durability. It not only lowers construction costs, but also reduces long-term maintenance costs of buildings. Flat steel is used for developing infrastructure of the energy sector. It is used in oil & gas, nuclear, solar, wind, and hydro energy plants.
The sheets & strips type segment is projected to lead the flat steel market between 2016 and 2026.
The sheets & strips type segment is leading the flat steel market in 2016, owing to increasing use of flat steel sheets & strips in packaging applications as well in the manufacturing of home appliances. The sheets & strips made of flat steel are also used in the electronics industry. Moreover, flat steel sheets & films are also favorable for domestic usage as well as light applications, such as for manufacturing structures of domestic appliances. They are extensively used in varied applications for manufacturing door & window hoods, wall ornaments, refrigerators, steel drums, steel furniture, dry batteries, automobiles, washing machines, gutters, downspouts, and roof ornaments, among others.
The Asia-Pacific region is projected to lead the flat steel market during the forecast period.
The Asia-Pacific region is estimated to account for the largest share of the flat steel market in 2016, followed by the European and North American regions. China is one of the major consumers of flat steel in the Asia-Pacific region. The Asia-Pacific flat steel market is witnessing growth due to increasing demand for flat steel from various end-use industries in emerging economies, such as China, India, and South Korea. The India flat steel market is projected to grow at the highest CAGR during the forecast period due to the growth of the country’s economy, rise in urban population, and development of varied industries, such as construction and automotive, among others in the country.
For more information, https://www.marketsandmarkets.com/pdfdownload.asp?id=110723589
ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Essar Steel (India), ThyssenKrupp (Germany), United States Steel Corporation (U.S.), Nippon Steel & Sumitomo Metal Corporation (Japan), Allegheny Technologies Inc. (U.S.), SSAB (Sweden), Hyundai Steel Co., Limited (South Korea), Tata Steel Limited (India), and SAIL (India), among others are the key players operating in the flat steel market.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Salgarkar
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com