1 / 8

Flat Steel Market

Flat Steel Market

Sampat12
Download Presentation

Flat Steel Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Flat Steel Market 2021 Analysis by Size, Share, Growth, Trends up to 2026 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Flat Steel Industry • Rising demand for flat steel in automotive and construction applications is likely to boost the overall market size. On this note, estimates claim that flat steel market size could cross USD 635 billion by the end of 2026. • The growing requirement of flat steel for energy-efficient constructions and lightweight vehicles has propelled its production. Also, with the implementation of effective solutions, the overall utilization of flat steel shall increase over the forecasted timeframe. • Increased insistence for flat steel products across various industries is one of the key factors driving the market growth. To support this statement with an instance, an article published in the metalbulletin stated that flat steel product distributors in the European region have registered a rise of 8.9% in product shipments during November 2020. • Speaking of which, the energy industry is one of the primary users of steel for manufacturing renewable products. With a rising need for environmental-friendly products, flat steel bars have garnered more importance than ever. They can offer support to water-gates and turbines by providing foundation within concrete-reinforcing bars. Such a crucial utilization of flat steel can significantly contribute to industry growth. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • Construction sites are some of the major sources of emitting carbon. In fact, a data point provided by the World Steel Association states that building operations held for over 28% of the total carbon emissions worldwide. Flat steel products are durable, versatile and recyclable, further contributing minimal carbon footprints. Owing to such benefits, the adoption of flat steel in building and construction industry is rising considerably. • Government initiatives in North America to surge the usage of flat steel • Presence of a substantial number of automotive players coupled with increased disposable income has resulted in a rising demand for commercial and passenger vehicles in North America. Moreover, governments are undertaking initiatives for creating awareness pertaining to carbon emissions has shifted the focus of consumers from traditional gasoline vehicles to electric vehicles, thereby fueling the flat steel market growth owing to its major usage in manufacturing EVs. • In a nutshell, increased consumer awareness regarding the advantages of flat steel such as high strength, design flexibility, low construction cost and maintenance has boosted the production of flat steel globally. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/2378 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • Unique marketing strategies by manufacturers • Many steel manufacturers are undergoing strategic mergers and acquisitions for expanding their business operations. Supporting the aforesaid with an instance, Tata steel acquired Bhushan Energy in June 2019 and this acquisition will help the company in proving high quality and high performance steel to various consumer industries. • Furthermore, Nippon Steel, in March 2019, acquired over 51% of the Sanyo Special Steel’s common shares, which has made Sanyo a legal subsidiary of NSSMC. Such mergers and acquisitions by key players shall increase the consumer base of flat steel. Request for customization:https://www.gminsights.com/roc/2378 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Some of the major manufacturers of flat steel are Tata Steel, Hyundai Steel, Voestalpine Group, Thyssenkrupp AG, Essar Steel, ArcelorMittal and Allegheny Technologies. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Flat Steel Market@ https://www.gminsights.com/industry-analysis/flat-steel-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2378 Request for customization: https://www.gminsights.com/roc/2378 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

More Related