Global Flat Steel Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global flat steel market in its upcoming report titled, “Global Flat Steel Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global flat steel market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flat steel market report has been segmented on the basis of product, application and region.

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Flat steel is produced through melting and rolling and are produced in strip, sheet, and tin plate formats. It is commonly used in heavy machinery, automotive, construction, pipes, and tubes, packaging and appliances. Flat steel is coated with zinc to prevent corrosion of the steel substrate.

Increasing demand for flat steel from end-use industries namely mechanical equipment, automobile, and building & construction is expected to drive the growth of global flat steel market over the forecast period. Properties of flat steel such as high tensile strength, corrosion resistance, and aesthetic appearance are expected to fuel the market growth. Rapid industrialization in developing economies is anticipated to boost the market growth over the forecast period.

On the basis of product type, sheets & strips is expected to be largest product segment in terms of revenue. Sheet & strips are made from different type of materials such as alloy, carbon, and stainless. These are used in construction & architecture, industrial application, and automobile industries. Properties of sheet & strips such as high strength, corrosion resistant, good adhesive & welding properties, and lightweight, are expected to fuel the market growth over the forecast period.

On the basis of application, automobile & transportation is expected to be the largest segment in terms of revenue in global flat steel market and are estimated to maintain its dominance over the forecast period. Flat steel is used in automobiles to protect the vehicle from damages at comparatively low cost when compared with other materials. However, rising focus of manufacturers towards fuel efficiency and weight reduction of automobiles to improve performance of vehicle is expected to hamper the market growth over the forecast period.

North America market is estimated to hold significant revenue share in the global flat steel market in 2017. Increasing infrastructure investments owing to rising population is expected to boost construction in the region. Growing demand for flat steel products owing to growing industries such as automotive, transportation, construction, and machinery industry in developed countries including the US and Canada is anticipated to drive the market growth over the forecast period.    

Market segmentation and key players operating in the global flat steel market:

By product:

• Sheet & strips
• Plates

By application:

• Automotive & transportation
• Building & infrastructure
• Mechanical equipment
• Others (Appliances, Agriculture Equipment, Consumer goods, and Shipbuilding)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa