Extreme hardness and increased resistance towards wear and tear intensifies the use of carbon steels across end-users.
DUBAI, UAE / ACCESSWIRE / November 4, 2020 / The carbon steel market is expected to expand at CAGR of 4 % through the forecast period (2020-2030). Impressive spending on construction and flourishing automobile industries fuels the use of carbon steel in production processes.
"Basic and perforated sheets find use in production of cheese moulds, grain dries and presses. Ranging from automobile to architectural industry, carbon steels have witnessed a surge in demand globally," states the FMI Analyst.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-307
Carbon Steel Market - Important Highlights
- Europe is likely to exhibit a lucrative opportunity due to rising expenditures on industrialization.
- Rising demand from automotive industries in East Asia, helps the region account for 48% of the total market share.
- Owing to increased construction activities, hot roll carbon steel acquires a major position in the market.
- Basic and perforated carbon sheets segment will continue to lead market through the assessment period.
Carbon Steel Market - Driving Factors
- Low carbon steels find majority of use in agricultural sectors and heavy machinery industry.
- High carbon steels are required in the production of masonry nails and also in the manufacturing of automotive components.
- Low carbon steels find employment in construction of fences while high carbon steels are extensively used in bridges and buildings.
Buy Now@ https://www.futuremarketinsights.com/checkout/307
Carbon Steel Market - Key Restraints
- Disrupted supply chains and precautionary measures taken by the government will hamper the sales.
- Difficulty in welding high carbon steel is also hampering the market growth.
Impact on Market by Coronavirus Outbreak
Pandemic outbreak has definitely put a halt to construction and industrial activities. Due to fluctuating prices of raw materials and disturbed supply chain, economies witnessed considerable loss and a sharp fall in construction and manufacturing capabilities due to increasing number of COVID cases. Industrial revenue is expected to decline by 14.6% in USA while Eastern Europe is set to witness 2% fall.
Competition Landscape
Leading players focus on product innovations and acquisitions to strengthen global presence. Key participants include Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG.
Cleveland-Cliffs Inc. completed its acquisition with AK Steel Holding Corporations and the new company will begin exclusive operations in North America.
In February 2020, Nippon Steel Chemicals announced acquisition with Fangda Carbon New Material to expand supply chains and production capacity.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-307
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
5. Global Carbon Steel Market Consumption (Kilo Tons) Analysis
5.1. Historical Market Volume Analysis
5.2. Current and Future Market Volume Projections
5.3. Y-o-Y Growth Trend Analysis
Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-307
More on the Report
The report presents segmentation on the basis of grade (low grade, high grade and medium grade carbon steels), application (pipes, bars, rods, perforated sheets, angle, channels etc.) and a region wise analysis (North America, Latin America, Europe, Asia)
Explore Wide-ranging Coverage of FMI's Chemical and Materials Landscape
Carbon Steel IBC Market FMI's report analyses segmentation on the basis of form, products and end-use etc. Market trends, economic factors are taken into consideration for a clear analysis.
High Carbon Bearing Steel Market Find insights on market trends, strategies, historical and forecast data estimations and geographical regions exhibiting promising growth.
Sodium Silicate Market FMI's report presents analysis on cost structure of the products, in-depth pricing analysis and categorization of key market participants.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/carbon-steel-market
Press Release Source: https://www.futuremarketinsights.com/press-release/carbon-steel-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/614411/Demand-for-Hot-Roll-Carbon-Steel-Continues-to-Grow-Future-market-Insights-Study
