PUBLISHER: IMARC | PRODUCT CODE: 1379134
PUBLISHER: IMARC | PRODUCT CODE: 1379134
Flat Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global flat steel market size reached US$ 472.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 643.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2022-2028. The rising adoption of flat steel across the industrial sector, the growing demand for flat steel products in the automotive industry, and significant growth in the manufacturing industry represent some of the key factors driving the market.
Flat steel is a type of substance that has been processed into a thin, flat sheet. It is one of the most common types of steel used in a variety of industries and applications, owing to its versatility and strength. It is widely available in cold-rolled, hot-rolled, galvanized, and pre-painted forms and can be cut, shaped, and welded for various applications. Though it is strong and durable, flat steel can be easily machined, bent, and formed into any desired shape. Its malleability and resistance to corrosion make it an ideal choice for construction and manufacturing sectors, as well as for everyday tasks, such as DIY projects and automotive repairs. It is often used for creating structural components, including beams, columns, and trusses, which are essential for the structural integrity of any building or formation. Additionally, it is utilized for designing numerous parts and components in the automotive, agricultural, and aerospace industries, as well as for consumer products, such as furniture and appliances. It is gaining widespread traction across the globe as it is an incredibly versatile material, and its strength and durability make it a popular choice for various applications.
Flat Steel Market Trends:
The escalating demand for flat steel from the industrial sector majorly drives the global market. The automotive industry is considered one of the largest consumers of flat steel, with an extensive demand for flat steel products, including steel plates, sheets, and strips for the construction of the automotive body, chassis frames, engine parts, and other components, which is acting as a growth-inducing factor. Along with this, the growing popularity of flat steel for the construction of buildings, bridges, and other infrastructure due to the increasing need for strong, durable, and cost-effective materials is significantly supporting the market on the global level. With the significant growth in the manufacturing industry, the demand for flat steel is rising as it is a key material for producing many manufactured products, including appliances, electronics, and tools, thus contributing to the demand. Apart from this, the rising spending on renovation and interior designing is impelling the need for flat steel products for framing structures, repairing roofs, and other projects are significantly supporting the overall market. Furthermore, continual technological advancements are making flat steel more cost-effective and easier to use in numerous applications, creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flat steel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material and application.
Product Insights:
Sheet and Strips
Plates
The report has provided a detailed breakup and analysis of the flat steel market based on the product. This includes sheet and strips, and plates. According to the report, sheet and strips represented the largest segment.
Material Insights:
Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel
A detailed breakup and analysis of the flat steel market based on the material has also been provided in the report. This includes carbon steel, alloy steel, stainless steel, and tool steel.
Application Insights:
Building and Infrastructure
Automotive and Other Transport
Mechanical Equipment
Others
The report has provided a detailed breakup and analysis of the flat steel market based on the application. This includes building and infrastructure, automotive and other transport, mechanical equipment, and others.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for flat steel. Some of the factors driving the Asia Pacific flat steel market included the presence of large players, rapid industrialization, and continual technological advancements, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global flat steel market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Allegheny Technologies Incorporated, ArcelorMittal S.A. (Mittal Steel Company), China Steel Corporation, Hyundai Steel Co. Ltd., JFE Steel Corporation (JFE Holdings, Inc.), Nippon Steel Corporation, POSCO, SSAB AB, Tata Steel Ltd., ThyssenKrupp AG, United States Steel Corporation, and voestalpine Stahl GmbH (voestalpine Group).
Key Questions Answered in This Report
- 1. How big is the global flat steel market?
- 2. What is the expected growth rate of the global flat steel market during 2023-2028?
- 3. What are the key factors driving the global flat steel market?
- 4. What has been the impact of COVID-19 on the global flat steel market?
- 5. What is the breakup of the global flat steel market based on the product?
- 6. What are the key regions in the global flat steel market?
- 7. Who are the key players/companies in the global flat steel market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Flat Steel Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Sheet and Strips
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Plates
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Material
- 7.1 Carbon Steel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Alloy Steel
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Stainless Steel
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Tool Steel
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Building and Infrastructure
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automotive and Other Transport
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Mechanical Equipment
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Allegheny Technologies Incorporated
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 ArcelorMittal S.A. (Mittal Steel Company)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 China Steel Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Hyundai Steel Co. Ltd
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 JFE Steel Corporation (JFE Holdings, Inc.)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Nippon Steel Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 POSCO
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 SSAB AB
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Tata Steel Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 thyssenkrupp AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 United States Steel Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 voestalpine Stahl GmbH (voestalpine Group)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Allegheny Technologies Incorporated
List of Figures
- Figure 1: Global: Flat Steel Market: Major Drivers and Challenges
- Figure 2: Global: Flat Steel Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Flat Steel Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Flat Steel Market: Breakup by Product (in %), 2022
- Figure 5: Global: Flat Steel Market: Breakup by Material (in %), 2022
- Figure 6: Global: Flat Steel Market: Breakup by Application (in %), 2022
- Figure 7: Global: Flat Steel Market: Breakup by Region (in %), 2022
- Figure 8: Global: Flat Steel (Sheet and Strips) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Flat Steel (Sheet and Strips) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Flat Steel (Plates) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Flat Steel (Plates) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Flat Steel (Carbon Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Flat Steel (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Flat Steel (Alloy Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Flat Steel (Alloy Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Flat Steel (Stainless Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Flat Steel (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Flat Steel (Tool Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Flat Steel (Tool Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Flat Steel (Building and Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Flat Steel (Building and Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Flat Steel (Automotive and Other Transport) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Flat Steel (Automotive and Other Transport) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Flat Steel (Mechanical Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Flat Steel (Mechanical Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Flat Steel (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Flat Steel (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Flat Steel Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Flat Steel Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Flat Steel Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Flat Steel Industry: SWOT Analysis
- Figure 78: Global: Flat Steel Industry: Value Chain Analysis
- Figure 79: Global: Flat Steel Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Flat Steel Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Flat Steel Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Flat Steel Market Forecast: Breakup by Material (in Million US$), 2023-2028
- Table 4: Global: Flat Steel Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Flat Steel Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Flat Steel Market: Competitive Structure
- Table 7: Global: Flat Steel Market: Key Players
