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Carbon Steel Market Market Size, Growth Projections, Trends, Company Analysis and Forecast 2021 to 2030

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Carbon Steel Market Market size is projected to reach over US$ 1,251.67 billion by 2030 from at US$ 912.6 billion in 2020, expanding growth at a CAGR of 3.2% during the forecast period 2021 to 2030.

Growth Factors

The carbon steel is used in a variety of industries, which has aided in the growth of the overall carbon steel market. 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.

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Report Highlights

Based on the type, the low carbon steel segment dominated the global carbon steel market in 2020 with highest market share. The low carbon steel is multifunctional metal with carbon concentration of about 0.3%, making it neither too ductile nor too brittle. The low carbon steel has become one of the most popular metals, owing to its low cost and versatility. It is used in every sector.

Based on the application, the shipbuilding segment is estimated to be the most opportunistic segment during the forecast period. The carbon steel is used in manufacturing ships and its components on the large scale.

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.

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Carbon Steel market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Carbon Steel market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Carbon Steel market

Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Carbon Steel market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers
The major players operating in the carbon steel market are JFE Steel Corporation, HBIS Group, AK Steel Corporation, Evraz PLC, Baosteel Group, ArcelorMittal, Nippon Steel Corporation, United States Steel, Curtis Steel Co. Ltd, Omega Steel Company.

Segments Covered in the Report

By Type

  • Low Carbon Steel
  • Medium Carbon Steel
  • High Carbon Steel

By Application

  • Shipbuilding
  • Automotive
  • Construction
  • Infrastructure and Transport
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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