Market Research Report
Flat Steel Market Analysis By Product (Sheet & Strips, Plates), By Material (Carbon, Alloy, Stainless, Tool), By Application (Building & Infrastructure, Automotive, Mechanical Equipment), By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557199|
|Published||Content info||136 Pages
Delivery time: 2-3 business days
|Flat Steel Market Analysis By Product (Sheet & Strips, Plates), By Material (Carbon, Alloy, Stainless, Tool), By Application (Building & Infrastructure, Automotive, Mechanical Equipment), By Region, And Segment Forecasts, 2014 - 2025|
|Published: August 10, 2017||Content info: 136 Pages||
The global flat steel market is expected to reach USD 1,015.7 billion by 2025, growing at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The rapid industrialization, increase in infrastructural investment and growing global population has been a major factor driving the global market.
Building & infrastructure application segment has been witnessing significant growth in the flat steel market. Steel is one of the vital requirements during construction on account of durability, low maintenance, long life period, high strength, and reusability. This is likely to have a positive impact on the demand for the flat products in this sector.
Volatile price of raw material is expected to be the major market restraint over the forecast period. Instability of raw material prices is anticipated to keep the whole sector under pressure in future.
Companies have been trying to improve competitiveness by optimizing existing processes and developing new processes to reduce environmental impact, improve quality, and reduce cost. Companies including ArcelorMittal have been trying to develop products which can provide steel solution to engine powertrains and low-cost cars.