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Carbon Steel Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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The global carbon steel industry is currently witnessing robust development due to surge in demand for polymer foams. Carbon steel, also known as plain carbon steel, is an alloy that comprises carbon and iron. The alloy has a carbon content by weight of up to 2%. This carbon influence contributes alloy hardness. Carbon steel has multiple uses in infrastructure where it is used in frame materials, pipes, walls, gates, and various structural components, which enhance the market growth across developing nations. Furthermore, the steel usage in manufacturing of reinforcing bars & structural sections, roofing & insulation panels in building, and transportation is expected to accelerate, which, in turn, boosts the demand for carbon steels in the construction industry.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) and Volume (Kilotons) |
Segments covered | Type, Shape, End User, and Region |
Regions covered | North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Brazil, Mexico, and the Rest of LAMEA) |
Companies covered | Afarak Group, ArcelorMittal S.A., Bushwick Metals LLC, Continental Steel & Tube Co., Curtis Steel Co., Diler Holding A.S., Inc., Dongbei Special Steel Group Co., Ltd., Gruppo Lucefin, Omega Steel Company, and Xinyu Iron & Steel Co., Ltd. |
Key drivers of global carbon steel market
The steel industry is anticipated to be influenced by rise in demand from downstream sectors such as construction, infrastructure, and manufacturing. The steel industry is considered to be an essential factor of construction market. Improved emphasis on reducing the total cost of ownership of steel manufacturing operations has further resulted in improved use of energy, productive processing, and production operations. In addition to the broad spectrum, carbon steel functions in a wide variety of products, such as flat-rolled sheets, structural steels, pipes, and pressure vessels. Furthermore, development of the aerospace industry over the last few years and increase in space explorations are projected to boost the carbon steel demand during the forecast period.
Market scenario: opportunities and challenges
The introduction of new technologies motivated by the need in the production process to reach low cycle time. Manufacturers in emerging economies are increasingly implementing new technologies to boost productivity and increase in production volume. The growth of the electric & electronics industry is projected to boost the demand for carbon steel during the forecast period. Surge in use of lightweight engineered composites for next-generation aircraft and rise in environmental concerns provide significant growth opportunities for carbon steel market. However, a fall in the consumption ratio of steel capital, higher costs of lightweight materials in vehicles, and costly MRO facilities (maintenance, repair, and overhaul) for carbon steel goods are expected to obstruct the development of the carbon steel industry. Moreover, the ductility property that restricts the use of carbon steel for welding purposes acts as a key constrain of the market.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global carbon steel industry expects a slowdown. The disease has not only halted on export and import but also stopped production in many countries. Though it appears that China has not stopped its production, Chinese steel export prices would further decrease from the current level to keep pace with the fresh production flow. Decreased demand from construction and automotive industries is expected to exert downward pressure on steel prices.
Key segments covered
Segment | Subsegment |
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Key benefits of the report
- This study presents the analytical depiction of the global carbon steel industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global carbon steel market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global carbon steel market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global carbon steel market research report:
- Which are the leading market players active in the global carbon steel market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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