DALLAS, June 3, 2015 /PRNewswire/ --
The report "Steel Processing Market by Type (Carbon Steel, Alloy Steel), Shape of Steel (Long, Flat and Tubular), EndUser Industry (Construction, Shipping, Energy, Packaging, Consumer Appliances, Housing, Automotive), by Region - Trends & Forecast to 2020", published by MarketsandMarkets, The Global Steel Processing Market is projected to be around $642.43 Billion by 2020 growing at a CAGR of 2.16% from 2015 to 2020
Browse 236 market data Tables and52 Figures spread through 256 Pages and in-depth TOC on"Steel Processing Market"
http://www.marketsandmarkets.com/Market-Reports/steel-processing-market-94839809.html
Early buyers will receive 10% customization on this report.
Make an Inquiry @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=94839809
The market report defines, segments, analyses, and forecasts the Steel Processing Market. It also identifies the driving and restraining factors for this market with the analysis of current and future trends and opportunities.
The end-user industries of processed steel are construction, automotive, mechanical engineering, energy, packaging, consumer durables, shipping, housing, and others. Growth in the construction and automotive industry and recovery of global economy are the key drivers of the Steel Processing Market.
The Steel Processing Market is projected to grow at a CAGR of 2.16% from 2015 to 2020. The huge demand for processed steel from emerging economies due to infrastructural development and increasing industrialization is expected to accelerate the growth of the Steel Processing Market. The major restraining factor for the Steel Processing Market is the market saturation in developed countries due to the cyclical nature of steel industry. The primary challenges faced by this market are environmental concerns and elimination of excess production.
Leading players in the industrial market include ArcelorMittal (Luxembourg), Baosteel Group Corporation (China), POSCO (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), and JFE Holdings, Inc. (Japan). The Steel Processing Market is a highly fragmented one owing to its application in almost all industrial verticals. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major developments observed in the Steel Processing Market is mergers & acquisitions. The requirements of the end users for processed steel is continuously changing making it essential for the manufacturers to continually invest in R&D and come up with innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for finished steel in key emerging markets. These strategies have aided companies create a large customer and partner base in key markets.
Browse Related Reports
Plasterboard Market by Type (Standard, Fire-resistant, Sound Insulation, Moisture-resistant, Thermal, Impact-resistant, Specialist), Form (Tapered-Edged, Square-Edged), Application (Residential, Non-Residential) & Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/plasterboard-market-256835989.html
Construction Glass Market by Type (Low-E, Special), Application (Residential, Commercial, Others), Manufacturing Process (Float, Rolled/Sheet), Chemical Composition (Soda-Lime, Potash-Lime, Potash-Lead) & by Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/construction-glass-market-107176999.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
