Flat Steel Market trends research and projections for 2017- 2024

1
Flat Steel Market Outlook, Regional Growth
Industry Share By 2024
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Flat Steel Market

• Flat Steel Market is predicted to witness a
  massive growth in forecast timeline due to
  increasing construction and automotive
  industries. Increasing per capita disposable
  income along with rapid urbanization in China,
  India, Germany and Brazil with infrastructural
  investment should drive flat steel market demand.
• Global steel market size was valued at over USD
  760 billion in 2016. China is the major producer
  and accounted for over 45 of the total market
  share in 2016. It is one of the vital
  requirements in building and infrastructure
  sector due to its design flexibility, strong
  structure, reusability and durability
  characteristics. It also lowers the buildings
  construction cost and overall maintenance cost.
  Flat steel has a wide range of applications in
  thermal power plants, hydro power plants, oil
  gas, solar, nuclear and wind energy industries.
  It is also used by various light bar industries,
  truck trailers, railways and automobile
  manufacturers.
• Sheets strips flat steel market demand may
  witness steady gains over the forecast timeline
  owing to increasing product usage in packaging,
  manufacturing and home appliances. It is widely
  used in door window hoods manufacturing,
  refrigerators, furniture, drums, dry batteries,
  washing machines, automotive body structure and
  parts manufacturing applications. Global home
  appliances market size in expected to reach at
  over USD 590 billion by 2024. Rise in disposable
  income along with consumer spending in various
  household activities should drive industry
  growth.
• Cold rolled sheets are used in flat steel market
  which are suitable for automobile and electrical
  appliances owing to its strong structure and
  durability properties

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Market Research Reports Key Analytical Components
Request for table of contents for this report
_at_https//www.gminsights.com/request-toc/upcoming/
2378
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4

• Product Analysis-
• Flat steel market size from automobile
  applications may witness favorable gains over the
  projected timeframe due to easy maintenance and
  repair ability, high recyclability as compare to
  plastics and composites. It is widely used in
  automotive parts and body structure. The major
  factor behind selecting the product for body
  structure due to its wide range of positive
  characteristics such as thermal, chemical and
  mechanical resistance, ease of manufacture and
  durability. Flat steel offers high strength, more
  protection and comparatively low cost as compare
  to other counterparts while manufacturing
  automotive parts and body structure. Global
  automobile production market has accounted at USD
  72.1 million for cars and USD 22.5 million for
  commercial vehicles in 2016, and it is expected
  to increase with a rapid pace over the forecast
  timeframe, which will propel the industry growth.
• Regional Trends-
• Asia Pacific led by South Korea, India, Japan,
  and China flat steel market size may grow
  significantly over the forecast timeframe due to
  increasing demand for automotive manufacturing,
  home appliances, building and infrastructure.
  Increasing purchasing power of personal cars
  along with luxurious consumer lifestyle will
  propel flat steel market size in the region.
• North America, led by Canada and the U.S. flat
  steel market size may witness an uptrend due to
  increasing investment opportunities in
  construction industries. Rising demand for
  residential and commercial construction which
  includes shopping complexes, corporate buildings,
  sports stadiums, airports, and hotels should
  drive regional industry growth.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5

• Competitive Trends
• Global flat steel market share is competitive
  with presence of various manufacturers operating
  in the business through high production volume.
  ArcelorMittal, Essar, Voestalpine Group,
  Thyssenkrupp AG, POSCO, JFE Holdings, and JSW are
  industry participants. Merger acquisitions are
  an integral part of the market, which allow
  companies to expand their regional presence and
  product portfolio, thereby escalating flat steel
  market demand.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Latest Research Report On Flat Steel
Market_at_ https//www.gminsights.com/industry-analys
is/flat-steel-market Request for table of
contents for this report _at_https//www.gminsights.
com/request-toc/upcoming/2378 Inquire Before
Buying This Report_at_https//www.gminsights.com/inq
uiry-before-buying/2378
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com