by In 2022, the carbon steel market study by Precedence Research provides crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.
Carbon Steel Market (By Type: Low Carbon Steel, Medium Carbon Steel, and High Carbon Steel; By Application: Shipbuilding, Automotive, Construction, Infrastructure & Transport, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030
The global carbon Steel market was valued at USD 939.8 billion in 2021 and is projected to reach US$ 1,251.67 billion by 2030, growing at a CAGR of 3.2% from 2021 to 2030.
The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The carbon steel market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1411
The low carbon steel is frequently used in the construction of fences, whereas mild and medium carbon steels is employed in the construction of bridges and building structures. Due to aforementioned applications, the carbon steel demand is expected to expand in response to increased investment in infrastructure construction. This is especially in the case of the Asia-Pacific countries.
Report Highlights
- Based on the type, the low carbon steel segment dominated the global carbon steel market in 2020 with highest market share. The low carbon steel is multifunctional metal with carbon concentration of about 0.3%, making it neither too ductile nor too brittle. The low carbon steel has become one of the most popular metals, owing to its low cost and versatility. It is used in every sector.
- Based on the application, the shipbuildingsegment is estimated to be the most opportunistic segment during the forecast period. The carbon steel is used in manufacturing ships and its components on the large scale.
Scope of the Carbon Steel Market Report
| Report Highlights | Details |
| Market Size | USD 1,251.67 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 3.2% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Type, Application, Region |
Competitive Landscape Analysis:
Some of the leading companies operating in the carbon steel market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.
Major companies operating in this report are
- JFE Steel Corporation
- HBIS Group
- AK Steel Corporation
- Evraz PLC
- Baosteel Group
- ArcelorMittal
- Nippon Steel Corporation
- United States Steel
- Curtis Steel Co. Ltd
- Omega Steel Company
Market Dynamics
Drivers
Demand for stronger steel
The rise in industrialization and urbanization has increased the demand for construction and shipbuilding industries. The rise in disposable income has pave way for the people to construct their own house. The government plans and subsidies help people to buy their own homes. This has increased the workload construction of construction companies on a large scale. The construction of building requires strong steel that can be molded and bended easily as required. The construction of ships also requires strong steel such as carbon steel. As a result, the demand for stronger steel is driving the growth of the carbon steel market.
Restraints
Carbon steel easily gets corroded
The carbon steel is more prone to corrosion and rust than other forms of steel. The manufacturers add chromium to steel to make it stainless, usually between 10% to 12%. The chromium acts as a protective coating over the steel, shielding it from moisture that would otherwise cause rusting. However, as carbon steel lacks chromium, it can rust if exposed to moisture over an extended length of time. The carbon steel which has been rusted or corroded cannot be utilized in manufacturing any kind of products. Thus, the carbon steel easily gets corroded, limiting the growth of carbon steel market during the forecast period.
Opportunities
Increasing focus on infrastructure development
The government of developing nations are enacting and implementing plans and actions for the infrastructure development. The government is continuously investing for the research and development activities for the development of infrastructure. The infrastructure development had increased the demand for carbon steel in developed regions such as North America, Europe, and Asia-Pacific. The infrastructure development projects are been funded by government for the economic development. These projects increase the demand for carbon steel in the market. As a result, the increasing focus on infrastructure development is creating lucrative opportunities for the growth of carbon steel market during the forecast period.
Challenges
Easy availability of product substitute
The alternatives to carbon steel are easily available in the market. The substitutes of carbon steel are steel and stainless steel. Sometimes, aluminum is also used in the place of carbon steel. The carbon steel gets corroded. That’s the reason, the construction, automotive, and shipbuilding companies try to avoid usage of carbon steel for their projects. As a result, the easy availability of carbon steel substitutes is a biggest challenge for the growth of the carbon steel market during the forecast period.
Regional Snapshot
Asia-Pacific is the largest segment for carbon steel market in terms of region. Due to the rising use of carbon steel in the construction of bridges, fences, and buildings throughout the region, Asia-Pacific is likely to drive demand and positively impact market growth throughout the forecast period. Due to increasing usage of carbon steel in end-use industries such as construction, aviation, and automotive. Asia-Pacific is emerging as a regional market for carbon steel and its derivatives.
North America region is the fastest growing region in the carbon steel market. The food and beverage packaging industry uses thin gauge flat carbon steel, and North America is expected to see significant carbon steel market expansion due to rising packaged food consumption in the region. Due to growing presence of many vehicle manufacturers in the region, North America is expected to be followed by Europe in terms of consumption.
Market Segmentation
By Type
- Low Carbon Steel
- Medium Carbon Steel
- High Carbon Steel
By Application
- Shipbuilding
- Automotive
- Construction
- Infrastructure and Transport
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global carbon steel market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for carbon steel are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1411
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Carbon Steel Market
5.1. COVID-19 Landscape: Carbon Steel Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Carbon Steel Market, By Type
8.1. Carbon Steel Market, by Type, 2021-2030
8.1.1. Low Carbon Steel
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Medium Carbon Steel
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. High Carbon Steel
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Carbon Steel Market, By Application
9.1. Carbon Steel Market, by Application, 2021-2030
9.1.1. Shipbuilding
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Construction
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Infrastructure and Transport
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Carbon Steel Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. JFE Steel Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. HBIS Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. AK Steel Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Evraz PLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Baosteel Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ArcelorMittal
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Nippon Steel Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. United States Steel
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Curtis Steel Co. Ltd
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Omega Steel Company
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Purchase Full Research Report @ https://www.precedenceresearch.com/checkout/1411
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
More Links:
- Ventilator Market Size to Reach Valuation of US$ 6.4 Billion By 2030
- E-textiles Market Size Predicted to Reach US$ 13.96 Billion by 2030
- Medical Implants Market Size is Forecasted to Reach US$ 145.6 billion by 2030
- Alternative Fuel Vehicle 2022 to 2030 – Industry Scope and Growth Strategies by Key Players, Vehicle Type, and Fuel Types
