Worldwide carbon steel market size to record 4% CAGR through 2027
The research report on ‘global carbon steel market’ consists of significant data such as major growth trends, hindering factors, and additional expansion opportunities that are influencing the growth rate of this business domain over the period of 2020-2027.
Selbyville, Delaware, Jan. 19, 2021 (GLOBE NEWSWIRE) -- According to credible predictions, global carbon steel market had reached a valuation of USD 738.52 billion in the year 2019 and is likely to showcase a y-o-y growth rate of 4% between 2020 and 2027. The growth can be attributed to growing investments towards infrastructural development and widespread product demand.
Apart from this, the document talks about the different market segmentations such as grade type, application reach, end-user analysis, and form type. It mentions the regional landscape as well as provides a detailed analysis of the several companies operating in this business space.
Carbon steel is basically steel infused with carbon substances from around 0.05% to 2.1% in terms of weight. The material is widely adopted in construction sector for developing pipeline systems that collect crude oil, natural gas, and water.
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The product is also highly used for constructing buildings and bridges. Thus, escalating investments by public entities towards boosting construction activities coupled with rapid expansion of real estate sector are favoring global carbon steel industry outlook.
Citing an instance, IBEF (Indian Brand Equity Foundation) states that the Embassy Office Parks secured around USD 775.66million in India’s first REIT (Real Estate Investment Trust) listing. Moreover, new housing launches in major cities in the country surged by 32% CAGR, accounting for 193 thousand units in the year 2018.
Increasing utilization of carbon steel in shipbuilding activities as well as in automotive sector is also adding traction to the overall market size. Carbon steel is not only affordable but also possesses high mechanical properties which are suitable for ships.
Technological advancements in this business sphere are also facilitating global carbon steel market expansion. However, easy availability of polymer materials could potentially hamper the industry growth in the forthcoming years.
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*A synopsis of regional outlook*
The geographical scope of global carbon steel market consists of North America, Latin America, Europe, Asia-Pacific, and the rest of the world. Among these, estimates cite that North America currently accounts for the largest market share and is estimated to display similar growth trends in the ensuing years. Rising adoption of carbon steel for shipbuilding activities and in aerospace sector is the regional market outlook.
Meanwhile, Asia-Pacific carbon steel industry is predicted to record the highest CAGR through 2027, primarily due to flourishing construction sector.
*Global Carbon Steel Market by Grade Type (Revenue, USD Billion, 2017-2027)*
· Ultra-High-Grade Carbon Steel
· High-Grade Carbon Steel
· Medium-Grade Carbon Steel
· Low-Grade Carbon Steel
*Global Carbon Steel Market by Application Scope (Revenue, USD Billion, 2017-2027)*
· Beams
· Channels
· Angle
· Wire Rod
· Pipes & Tubes
· Normal Plates and Floor Plate
· Bards & Rebars
· Basic and Perforated Sheets
· Others
*Global Carbon Steel Market End-user Analysis (Revenue, USD Billion, 2017-2027)*
· Cutting Tools
· Consumer Appliances
· Heavy Engineering and Equipment
· Energy
· Aerospace
· Shipbuilding & Marine
· Railways
· Construction
· Automotive
*Global Carbon Steel Market by Form Type (Revenue, USD Billion, 2017-2027)*
· Cold-rolled Carbon Steel
· Hot-rolled Carbon Steel
*Global Carbon Steel Market Geographical Landscape (Revenue, USD Billion, 2017-2027)*
*North America*
· Canada
· United States
*Asia-Pacific*
· South Korea
· Australia
· Japan
· India
· China
· Rest of Asia-Pacific
*Europe*
· Italy
· Spain
· France
· Germany
· United Kingdom
· Rest of Europe
*Latin America*
· Mexico
· Brazil
Rest of the World
*Global Carbon Steel Market Competitive Outlook (Revenue, USD Billion, 2017-2027)*
· AK Steel Holding Corporation
· Tata Steel Limited
· Afarak Group
· Omega Steel Company
· ArcelorMittal S.A.
· Bushwick Metals LLC
· Curtis Steel Co. Inc.
· China Baowu Steel Group Corp. Ltd.
· Nippon Steel Corporation
· JFE Steel Corporation
*Table of Content:*
*Chapter 1. Executive Summary *
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Carbon Steel Market, by Region, 2018-2027 (USD Billion)
1.2.2. Carbon Steel Market, by Grade, 2018-2027 (USD Billion)
1.2.3. Carbon Steel Market, by Application, 2018-2027 (USD Billion)
1.2.4. Carbon Steel Market, by Form, 2018-2027 (USD Billion)
1.2.5. Carbon Steel Market, by End Use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
*Chapter 2. Global Carbon Steel Market Definition and Scope *
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
*Chapter 3. Global Carbon Steel Market Dynamics *
3.1. Carbon Steel Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
*Chapter 4. Global Carbon Steel Market Industry Analysis*
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
*Chapter 5. Global Carbon Steel Market, by Grade *
5.1. Market Snapshot
5.2. Global Carbon Steel Market by Grade, Performance - Potential Analysis
5.3. Global Carbon Steel Market Estimates & Forecasts by Grade 2017-2027 (USD Billion)
5.4. Carbon Steel Market, Sub Segment Analysis
5.4.1. Low-Grade Carbon Steel
5.4.2. Medium-Grade Carbon Steel
5.4.3. High-Grade Carbon Steel
5.4.4. Ultra-High-Grade Carbon Steel
*Chapter 6. Global Carbon Steel Market, by Application *
6.1. Market Snapshot
6.2. Global Carbon Steel Market by Application, Performance - Potential Analysis
6.3. Global Carbon Steel Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Carbon Steel Market, Sub Segment Analysis
6.4.1. Basic and Perforated Sheets
6.4.2. Bars & Rebars
6.4.3. Normal Plates and Floor Plate
6.4.4. Pipes & Tubes
6.4.5. Wire Rod
6.4.6. Angle
6.4.7. Channels
6.4.8. Beams
6.4.9. Other
*Chapter 7. Global Carbon Steel Market, by Form *
7.1. Market Snapshot
7.2. Global Carbon Steel Market by Form, Performance - Potential Analysis
7.3. Global Carbon Steel Market Estimates & Forecasts by Form 2017-2027 (USD Billion)
7.4. Carbon Steel Market, Sub Segment Analysis
7.4.1. Hot-rolled carbon steel
7.4.2. Cold-rolled carbon steel
*Chapter 8. Global Carbon Steel Market, by End Use *
8.1. Market Snapshot
8.2. Global Carbon Steel Market by End Use, Performance - Potential Analysis
8.3. Global Carbon Steel Market Estimates & Forecasts by End Use 2017-2027 (USD Billion)
8.4. Carbon Steel Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Construction
8.4.3. Railways
8.4.4. Shipbuilding & Marine
8.4.5. Aerospace
8.4.6. Energy
8.4.7. Heavy Engineering and Equipment
8.4.8. Consumer Appliances
8.4.9. Cutting Tools
*Chapter 9. Global Carbon Steel Market, Regional Analysis*
*Related Report: *
*Structural Steel Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026 *
Worldwide Structural steel market is anticipated to expand at a significant rate throughout the coming time period owing to increasing construction activities in residential, commercial, and industrial sectors. Structural steel is a steel construction material which is fabricated with a particular shape and chemical composition to suit the applicable specifications of a project. From a regional frame of reference, the Latin America structural steel market focuses on strengthening the value of regional integration, as well as technological innovation. This region accounted for a market revenue of $3.73 Bn in 2019. The Middle East region accounted for nearly 3.8% of the global structural steel market.
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