Product Code: ANV877
REPORT HIGHLIGHT
The global Flat Steel market was valued at USD 870.2 billion in 2021, growing with 7.7% CAGR during the forecast period, 2022-2028.
Flat steel is a type of steel that is rolled from steel slabs and used to make sheets, plates, structural beams, and strips. Because of their distinct qualities, these goods are widely used in the construction and infrastructure, transportation, and electrical appliance sectors. Flat steel products aid in the improvement of steel's anti-corrosion qualities as well as the quality, ductility, and dependability of the completed product.
Market Dynamics
Rapid urbanization, increasing industrialization, increased disposable income of middle-class families in emerging nations, and an increasing worldwide population are expected to be important market drivers for the business. Since 2012, more than 25.0 percent of overall infrastructure investment in India has been made. This tendency is projected to continue in the next years, benefiting the sector. Because of the switch from an annual benchmark pricing system to a quarterly pricing system, the price of iron ore is extremely variable. With such a pricing mechanism, raw material producers are aiming to reap the full benefits of the higher spot price of raw material rather from being constrained by yearly contracts that are expected to hinder market expansion.
Raw material prices are typically determined by the major participants in the flat steel market, which will have an impact on the manufacturing process in the next years. Direct supply agreements or third-party supply agreements are used to deliver flat items. Many manufacturers use the forward integration strategy, which allows them to sell directly to their clients. Tata Steel Limited and Essar have their own distribution channels. Foreign governments' trade-distorting policies and practices continue to pose considerable trade hurdles for manufacturers. Emission restrictions for the iron-making process are more than six times stricter in the United States than in China. To sustain and strengthen the US economy, a more active trade strategy is required to oppose these foreign trade-distorting tactics.
Segmentation Analysis:
The market is segmented into three market segments on the basis of product type: sheets, strips, and plates. The market is segmented into carbon steel, alloy steel, stainless steel, and tool steel. Building and construction, automotive, mechanical equipment, healthcare, domestic, defense, packaging, and others are the end-use segments of the market.
The sheets and strips sector accounted for the greatest proportion of the flat steel market by type. This substantial proportion is mostly due to its growing use in the packaging, home appliances, and electronics sectors. They are widely employed in the production of door and window hoods, wall decorations, refrigerators, steel drums, steel furniture, dry batteries, autos, washing machines, gutters, downspouts, and roof ornaments, to name a few.
The significant usage of flat steel in the construction of buildings, railway lines, roads, bridges, industries, and other engineering structures is ascribed to the rise of the building & infrastructure end-use sector. It not only cuts construction expenses but also building long-term maintenance costs. Flat steel is utilised in the construction of energy infrastructure. It is employed in the construction and infrastructure industries because it provides design freedom, strength, and durability. It is used in power facilities that produce oil, gas, nuclear, solar, wind, and hydroelectricity.
Asia Pacific held the greatest proportion of the worldwide flat steel market, followed by Europe and North America. China is a significant flat steel user in the Asia Pacific area. The market is expanding due to rising demand for flat steel and an increase in the number of end-use sectors in emerging nations such as India. The Indian flat steel market is expected to expand at the fastest CAGR in the Asia Pacific region during the forecast period, owing to the country's growing economy, increasing urban population, and expansion of various sectors such as construction and automotive, among others.
Competitive Landscape:
Steelmakers are pursuing mergers and acquisitions and collaborations in order to diversify their product portfolios and meet expanding global product demand. To achieve a competitive advantage in the market, major manufacturers are focused on alliances. ArcelorMittal Nippon Steel India (AM/NS India) said that it will build sophisticated steel processing lines in Hazira, Gujarat, as part of a Rs 8,500-crore downstream development plan to generate value-added products. According to a press release, a new cold rolling mill (CRM) will be built at the former Essar Steel factory, with lines manufacturing a range of value-added steel coils. Work on the new mill has already begun, and it is scheduled to be completed in 2024, according to the statement.
Key features of the study:
- This proposed research study on Flat Steel market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Flat Steel market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Flat Steel market
- Impact of COVID-19 on Flat Steel market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Flat Steel market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Flat Steel market, we have also included competitive landscape and key innovator analysis for the Flat Steel market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Flat Steel market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Flat Steel market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL FLAT STEEL MARKET KEY PLAYERS
- ArcelorMittal
- China Baowu Steel Group Corporation Limited
- HBIS Group
- JFE Steel Corporation
- Nippon Steel & Sumitomo Metal Corporation
- POSCO
- Shougang Group Co., Ltd.,
- SSAB AB
- Tata Steel
- ThyssenKrupp AG
- Voestalpine Group
GLOBAL FLAT STEEL MARKET, BY PRODUCT TYPE
GLOBAL FLAT STEEL MARKET, BY MATERIAL TYPES
- Carbon steel
- Alloy steel
- Stainless steel
- Tool steel
GLOBAL FLAT STEEL MARKET, BY END-USER
- Chemical & petrochemical
- Oil & gas
- Energy & power
- Automotive
- Food & beverages
- Healthcare
- Others
GLOBAL FLAT STEEL MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. Flat Steel Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet By Product Type
- 2.1.2. Market Snippet By Material Type
- 2.1.3. Market Snippet By End-User
- 2.1.4. Market Snippet by Country
- 2.1.5. Market Snippet by Region
- 2.2. Competitive Insights
3. Flat Steel Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Flat Steel Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Flat Steel Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Flat Steel Market Landscape
- 6.1. Market Share Analysis, 2020
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Flat Steel Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2021 & 2028 (%)
- 7.1.2. Sheet & strips
- 7.1.3. Plates
8. Flat Steel Market - By Material Type
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Material Type, 2021 & 2028 (%)
- 8.1.2. Carbon steel
- 8.1.3. Alloy steel
- 8.1.4. Stainless steel
- 8.1.5. Tool steel
9. Flat Steel Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2021 & 2028 (%)
- 9.1.2. Chemical & petrochemical
- 9.1.3. Oil & gas
- 9.1.4. Energy & power
- 9.1.5. Automotive
- 9.1.6. Food & beverages
- 9.1.7. Healthcare
- 9.1.8. Others
10. Flat Steel Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
- 10.2. North America
- 10.2.1. Overview
- 10.2.2. Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.2.7. U.S.
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.2.7.3. U.S. Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.2.7.4. U.S. Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.2.7.5. U.S. Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.2.7.6.
- 10.2.8. Canada
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3. Europe
- 10.3.1. Overview
- 10.3.2. Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3.7.
- 10.3.8. Germany
- 10.3.8.1. Overview
- 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.8.3. Germany Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.8.4. Germany Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.8.5. Germany Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3.9. Italy
- 10.3.9.1. Overview
- 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.9.3. Italy Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.9.4. Italy Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.9.5. Italy Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3.10. United Kingdom
- 10.3.10.1. Overview
- 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.10.3. United Kingdom Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.10.4. United Kingdom Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.10.5. United Kingdom Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3.11. France
- 10.3.11.1. Overview
- 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.11.3. France Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.11.4. France Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.11.5. France Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.3.12. Rest of Europe
- 10.3.12.1. Overview
- 10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.3.12.3. Rest of the Europe Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.3.12.4. Rest of the Europe Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.3.12.5. Rest of the Europe Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.6. Asia Pacific Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4.7. India
- 10.4.7.1. Overview
- 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.7.3. India Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.7.4. India Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.7.5. India Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4.8. China
- 10.4.8.1. Overview
- 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.8.3. China Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.8.4. China Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.8.5. China Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4.9. Japan
- 10.4.9.1. Overview
- 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.9.3. Japan Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.9.4. Japan Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.9.5. Japan Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4.10. South Korea
- 10.4.10.1. Overview
- 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.10.3. South Korea Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.10.4. South Korea Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.10.5. South Korea Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.4.11. Rest of APAC
- 10.4.11.1. Overview
- 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.4.11.3. Rest of APAC Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.4.11.4. Rest of APAC Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.4.11.5. Rest of APAC Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.5.6. Latin America Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.5.7. Brazil
- 10.5.7.1. Overview
- 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.7.3. Brazil Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.5.7.4. Brazil Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.5.7.5. Brazil Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.5.8. Mexico
- 10.5.8.1. Overview
- 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.8.3. Mexico Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.5.8.4. Mexico Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.5.8.5. Mexico Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.5.9. Argentina
- 10.5.9.1. Overview
- 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.9.3. Argentina Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.5.9.4. Argentina Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.5.9.5. Argentina Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.5.10. Rest of LATAM
- 10.5.10.1. Overview
- 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.5.10.3. Rest of LATAM Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.5.10.4. Rest of LATAM Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.5.10.5. Rest of LATAM Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.6.6. Middle East and Africa Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.6.7. Saudi Arabia
- 10.6.7.1. Overview
- 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.7.3. Saudi Arabia Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.6.7.4. Saudi Arabia Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
- 10.6.8. United Arab Emirates
- 10.6.8.1. Overview
- 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 10.6.8.3. United Arab Emirates Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Million)
- 10.6.8.4. United Arab Emirates Market Size and Forecast, By Material Type, 2017 - 2028 (US$ Million)
- 10.6.8.5. United Arab Emirates Market Size and Forecast, By End-User, 2017 - 2028 (US$ Million)
11. Key Vendor Analysis
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. ArcelorMittal
- 11.2.2. China Baowu Steel Group Corporation Limited
- 11.2.3. HBIS Group
- 11.2.4. JFE Steel Corporation
- 11.2.5. Nippon Steel & Sumitomo Metal Corporation
- 11.2.6. POSCO
- 11.2.7. Shougang Group Co., Ltd.,
- 11.2.8. SSAB AB
- 11.2.9. Tata Steel
- 11.2.10. ThyssenKrupp AG
- 11.2.11. Voestalpine Group
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us