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Carbon Steel Market Estimated to Generate a Revenue of US$ 1,251.67 By 2030

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).

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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

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

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

By Application

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.

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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.

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