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Flat Steel Market Analysis, Emerging Trends, Forecast and COVID-19 Impact Analysis

Sep 22, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flat Steel Market.

It was estimated prior to this unanticipated outbreak that the Flat Steel Market was expected to grow at a CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Flat steel is one of the two types of steel construction products, made from steel slabs and include plate, strip, hollow sections, large diameter welded pipe and structural beams.  

Flat steel products are classified into hot rolled sheets, cold rolled sheets, coated sheets and plates. They are widely used for making various finished products in various industries including automobile, domestic appliances, shipbuilding, and construction. 

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the process type, the market is segmented as basic oxygen furnace and electric arc furnace. Basic oxygen furnace held the larger share of the market in 2019, owing to its wider usage in steel production across the world due to its higher production rates, lower-residual element, and more powerful and effective process.

Based on the product type, the flat steel market is segmented as sheets & strips and plates. Sheets & strips are expected to remain the larger product type of the market during the forecast period, owing to their wider applications, such as in automotive body panels, domestic white goods, roofing and cladding materials, etc.

Based on the end-user type, the market is segmented as building & infrastructure, mechanical equipment, transportation, and others. The building & infrastructure segment is expected to remain the largest and the fastest-growing end-user of the market during the forecast period, owing to rapid growth in the construction industry with increasing usage of flat steel products in constructing residential & commercial buildings and in roads, ports, airports and railways.

In terms of regions, Asia-Pacific is expected to remain the dominant region in the market in the coming five years owing to the largest and the fastest-growing construction market in the region. Industrialization, urbanization, and increasing disposable income in the emerging economies will continue to propel the demand for flat steel in the region over the next five years. Organic growth of the automotive industry with increasing penetration of electric vehicle to reduce carbon emissions is also likely to boost the demand for flat steel product in the region. The region is also the largest exporter of crude steel along with flat steel products in the world with China and India being the top two producers in the world.

Key Players:

Key players operating in the global Flat Steel market are-

  • ArcelorMittal S.A.
  • China Baowu Steel Group Corp., Ltd.
  • Nippon Steel Corporation
  • Hesteel Group Company Limited
  • POSCO
  • Shougang Group Co., Ltd.
  • JFE Steel Corporation
  • Tata Steel Limited
  • SSAB AB
  • ThyssenKrupp AG
  • Voestalpine AG.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Flat Steel analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

Need a detailed report? Get in touch with us: 

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176

0 Tovább

What is the future of Flat Steel Market? Know Covid Impact on Size, Share & Forecasts

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flat Steel Market.

It was estimated prior to this unanticipated outbreak that the Flat Steel Market was expected to grow at a CAGR of 5.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Flat steel is one of the two types of steel construction products, made from steel slabs and include plate, strip, hollow sections, large diameter welded pipe and structural beams.  

Flat steel products are classified into hot rolled sheets, cold rolled sheets, coated sheets and plates. They are widely used for making various finished products in various industries including automobile, domestic appliances, shipbuilding, and construction. 

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the process type, the market is segmented as basic oxygen furnace and electric arc furnace. Basic oxygen furnace held the larger share of the market in 2019, owing to its wider usage in steel production across the world due to its higher production rates, lower-residual element, and more powerful and effective process.

Based on the product type, the flat steel market is segmented as sheets & strips and plates. Sheets & strips are expected to remain the larger product type of the market during the forecast period, owing to their wider applications, such as in automotive body panels, domestic white goods, roofing and cladding materials, etc.

Based on the end-user type, the market is segmented as building & infrastructure, mechanical equipment, transportation, and others. The building & infrastructure segment is expected to remain the largest and the fastest-growing end-user of the market during the forecast period, owing to rapid growth in the construction industry with increasing usage of flat steel products in constructing residential & commercial buildings and in roads, ports, airports and railways.

In terms of regions, Asia-Pacific is expected to remain the dominant region in the market in the coming five years owing to the largest and the fastest-growing construction market in the region. Industrialization, urbanization, and increasing disposable income in the emerging economies will continue to propel the demand for flat steel in the region over the next five years. Organic growth of the automotive industry with increasing penetration of electric vehicle to reduce carbon emissions is also likely to boost the demand for flat steel product in the region. The region is also the largest exporter of crude steel along with flat steel products in the world with China and India being the top two producers in the world.  

Key Players:

Some of the major flat steel manufacturers are-

  • ArcelorMittal S.A.
  • China Baowu Steel Group Corp., Ltd.
  • Nippon Steel Corporation
  • Hesteel Group Company Limited
  • POSCO
  • Shougang Group Co., Ltd.
  • JFE Steel Corporation
  • Tata Steel Limited
  • SSAB AB
  • ThyssenKrupp AG
  • Voestalpine AG.

0 Tovább

Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

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The one-stoThe unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Veterinary Vaccines Market. Veterinary Vaccines Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. The Veterinary Vaccines Market is projected to grow from USD 8.24 billion in 2020 to USD 12.81 billion by 2026 at a CAGR of over 7.6% during the forecast period. Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1702/veterinary-vaccines-market.html#form Segment Analysis By technology, the veterinary vaccines market has been segmented into attenuated live vaccines, inactivated vaccines, toxoid vaccines, recombinant vaccines, and others. • Under these, the attenuated live vaccines segment held the highest market share in 2020 and is likely to register a substantial CAGR during the review period. • Live attenuation is the oldest vaccination method that is used in the veterinary field. • This method is also under trial for the development of additional applications. By region, North America accounted for the highest market share in 2020 and is projected to grow at a steady CAGR during the assessment period. • This is mainly ascribed to the increasing incidence of canine disorders, which, in turn, adoption of vaccination for the same coupled with the rising pet population in the U.S. is one of the key factors contributing to the expansion of the market share of the region. Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. The Veterinary Vaccine Market analysis report discusses the following heads in great detail: • Market structure: Overview, industry life cycle analysis, supply chain analysis • COVID-19 Impact Assessment • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis • Market trend and forecast analysis • Market segment trend and forecast • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities • Emerging trends • Strategic growth opportunities for the existing and new players • Key success factors About Stratview Research Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Contact: Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 p blog for all the major updates from across different industries

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