Flat Steel Market is expected to grow at CAGR of 6% by 2022

Flat Steel Market
Flat Steel Market Information by Product (Plates, Coated Sheet, Hot Rolled Sheets, and Cold Rolled Sheets), by End User (Construction & Infrastructure, Automobile, Transport and others) and by Region – Forecast to 2022

Market Scenario

Flat Steel is referred as the sheet, coils or other flat-rolled steel product. Growth of construction, & infrastructure sector ultimately drive the Flat Steel Market. Additionally the growing need of light weight automobiles on a global level is expected to increase the Flat Steel Market both by value and volume. In developed countries, Flat Steel products are largely used in automobile sector. However, volatile the prices of raw materials are, it is expected to remain a key challenge for industry participants. The Flat Steel Market size was valued at around USD 380 Billion in 2015 and is expected to grow at CAGR of 6% by 2022.

Key Players:
The key players of Flat Steel Market report include- United Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Essar Steel, Tata Steel Ltd, Hyundai Steel Co., POSCO, SSAB, ArcelorMittal, Voestalpine, and ThyssenKrupp.

Market Research Analysis:
The market is highly application based. The factors contributing to the growth of the Flat Steel Market are, surge in construction & infrastructural activities, and growing transport & renewable energy sector. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the Flat Steel Market, followed by Europe.

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Market Highlights:
Flat Steel refers to the sheet, coils or other flat-rolled steel product. Rapid growth in the construction & infrastructure sector is the key factor for the Flat Steel Market. It not only reduced the cost of the construction but also reduced the maintenance cost of the building. Additionally, transportation sector & renewable energy sectors are also growing significantly which is another key driver for the Flat Steel Market. On the basis of region, Asia-Pacific is the largest market by value. The Flat Steel Market Size was valued at around USD 380 Billion in 2015 and is expected to grow at CAGR of approximately 6% by 2022.

Scope of the Report:
This study provides an overview of the Insulation Products market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Insulation Products market as Product Types, and End Users.

By Product Types:

  • Plates
  • Coated Sheet
  • Hot Rolled Sheet
  • Cold Rolled Sheet

By End-Users:

  • Construction & Infrastructure
  • Automobiles
  • Transport
  • Others   

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Regional Analysis of Flat Steel Market:
Asia-Pacific region is the largest market for Flat Steel, followed by Europe. In developing countries especially like China, India, and Japan, the construction & infrastructure sectors are growing rapidly which promotes the Flat Steel Market. This region is expected to grow at a highest rate during the forecasted period.

Key Points from Table of Contents:

10.    Company Profiles   

10.1       United Steel Corporation
10.1.1    Overview   
10.1.2    Financials   
10.1.3    Product Portfolio   
10.1.4    Business Strategies   
10.1.5    Recent Development    

10.2       Nippon Steel & Sumitomo Metal Corporation
10.2.1    Overview   
10.2.2    Financials   
10.2.3    Product Portfolio   
10.2.4    Business Strategies   
10.2.5    Recent Development   

10.3       Essar Steel
10.3.1    Overview   
10.3.2    Financials   
10.3.3    Product Portfolio   
10.3.4    Business Strategies   
10.3.5    Recent Development   

10.4       Tata Steel Ltd.
10.4.1    Overview   
10.4.2    Financials   
10.4.3    Product Portfolio   
10.4.4    Business Strategies   
10.4.5    Recent Development   

10.5       Hyundai Steel Co.
10.5.1    Overview   
10.5.2    Financials   
10.5.3    Product Portfolio   
10.5.4    Business Strategies   
10.5.5    Recent Development          

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