Global Carbon Steel Market 2025-2029

Description

List of Tables

The carbon steel market is forecasted to grow by USD 197.5 bn during 2024-2029, accelerating at a CAGR of 3.3% during the forecast period. The report on the carbon steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for construction industry, increasing demand from shipbuilding industry, and increasing demand for oil and gas industry.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	3.2%
CAGR	3.3%
Incremental Value	$197.5 bn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's carbon steel market is segmented as below:

By End-user

Construction
Shipbuilding
Automotive
Transportation
Others

By Type

Low carbon steel
Medium carbon steel
High carbon steel

By Form Factor

Flat products
Long products
Tubular products

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the increase in adoption of sustainable manufacturing practices as one of the prime reasons driving the carbon steel market growth during the next few years. Also, increasing technological developments in global steel industry and rise in demand for carbon steel with increasing wind power installations will lead to sizable demand in the market.

The report on the carbon steel market covers the following areas:

Carbon Steel Market sizing
Carbon Steel Market forecast
Carbon Steel Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon steel market vendors that include ArcelorMittal, Baosteel Group Corp., Cleveland Cliffs Inc., Daido Steel Co. Ltd., EVRAZ Plc, Gerdau Special Steel, HBIS Group Co. Ltd., JFE Holdings Inc., JSW Steel USA, NACHI FUJIKOSHI Corp., Nippon Steel Corp., NLMK Group, POSCO holdings Inc., Shandong Shounuo Metal Material Co. Ltd., SSAB AB, Tata Steel Ltd., and zq steel group Co. Ltd.. Also, the carbon steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40706

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Form Factor
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Carbon Steel Market 2019 - 2023
- Historic Market Size - Data Table on Global Carbon Steel Market 2019 - 2023 ($ billion)
5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.4 Form Factor segment analysis 2019 - 2023
- Historic Market Size - Form Factor Segment 2019 - 2023 ($ billion)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 The AI impact on Global Carbon Steel Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
8.3 Construction - Market size and forecast 2024-2029
- Chart on Construction - Market size and forecast 2024-2029 ($ billion)
- Data Table on Construction - Market size and forecast 2024-2029 ($ billion)
- Chart on Construction - Year-over-year growth 2024-2029 (%)
- Data Table on Construction - Year-over-year growth 2024-2029 (%)
8.4 Shipbuilding - Market size and forecast 2024-2029
- Chart on Shipbuilding - Market size and forecast 2024-2029 ($ billion)
- Data Table on Shipbuilding - Market size and forecast 2024-2029 ($ billion)
- Chart on Shipbuilding - Year-over-year growth 2024-2029 (%)
- Data Table on Shipbuilding - Year-over-year growth 2024-2029 (%)
8.5 Automotive - Market size and forecast 2024-2029
- Chart on Automotive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive - Year-over-year growth 2024-2029 (%)
8.6 Transportation - Market size and forecast 2024-2029
- Chart on Transportation - Market size and forecast 2024-2029 ($ billion)
- Data Table on Transportation - Market size and forecast 2024-2029 ($ billion)
- Chart on Transportation - Year-over-year growth 2024-2029 (%)
- Data Table on Transportation - Year-over-year growth 2024-2029 (%)
8.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Low carbon steel - Market size and forecast 2024-2029
- Chart on Low carbon steel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Low carbon steel - Market size and forecast 2024-2029 ($ billion)
- Chart on Low carbon steel - Year-over-year growth 2024-2029 (%)
- Data Table on Low carbon steel - Year-over-year growth 2024-2029 (%)
9.4 Medium carbon steel - Market size and forecast 2024-2029
- Chart on Medium carbon steel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Medium carbon steel - Market size and forecast 2024-2029 ($ billion)
- Chart on Medium carbon steel - Year-over-year growth 2024-2029 (%)
- Data Table on Medium carbon steel - Year-over-year growth 2024-2029 (%)
9.5 High carbon steel - Market size and forecast 2024-2029
- Chart on High carbon steel - Market size and forecast 2024-2029 ($ billion)
- Data Table on High carbon steel - Market size and forecast 2024-2029 ($ billion)
- Chart on High carbon steel - Year-over-year growth 2024-2029 (%)
- Data Table on High carbon steel - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

10 Market Segmentation by Form Factor

10.1 Market segments
- Chart on Form Factor - Market share 2024-2029 (%)
- Data Table on Form Factor - Market share 2024-2029 (%)
10.2 Comparison by Form Factor
- Chart on Comparison by Form Factor
- Data Table on Comparison by Form Factor
10.3 Flat products - Market size and forecast 2024-2029
- Chart on Flat products - Market size and forecast 2024-2029 ($ billion)
- Data Table on Flat products - Market size and forecast 2024-2029 ($ billion)
- Chart on Flat products - Year-over-year growth 2024-2029 (%)
- Data Table on Flat products - Year-over-year growth 2024-2029 (%)
10.4 Long products - Market size and forecast 2024-2029
- Chart on Long products - Market size and forecast 2024-2029 ($ billion)
- Data Table on Long products - Market size and forecast 2024-2029 ($ billion)
- Chart on Long products - Year-over-year growth 2024-2029 (%)
- Data Table on Long products - Year-over-year growth 2024-2029 (%)
10.5 Tubular products - Market size and forecast 2024-2029
- Chart on Tubular products - Market size and forecast 2024-2029 ($ billion)
- Data Table on Tubular products - Market size and forecast 2024-2029 ($ billion)
- Chart on Tubular products - Year-over-year growth 2024-2029 (%)
- Data Table on Tubular products - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Form Factor
- Market opportunity by Form Factor ($ billion)
- Data Table on Market opportunity by Form Factor ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.9 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.10 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.11 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
12.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.14 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.15 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
12.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 ArcelorMittal
- ArcelorMittal - Overview
- ArcelorMittal - Business segments
- ArcelorMittal - Key offerings
- ArcelorMittal - Segment focus
- SWOT
15.5 Baosteel Group Corp.
- Baosteel Group Corp. - Overview
- Baosteel Group Corp. - Product / Service
- Baosteel Group Corp. - Key offerings
- SWOT
15.6 Cleveland Cliffs Inc.
- Cleveland Cliffs Inc. - Overview
- Cleveland Cliffs Inc. - Product / Service
- Cleveland Cliffs Inc. - Key news
- Cleveland Cliffs Inc. - Key offerings
- SWOT
15.7 Daido Steel Co. Ltd.
- Daido Steel Co. Ltd. - Overview
- Daido Steel Co. Ltd. - Business segments
- Daido Steel Co. Ltd. - Key offerings
- Daido Steel Co. Ltd. - Segment focus
- SWOT
15.8 EVRAZ Plc
- EVRAZ Plc - Overview
- EVRAZ Plc - Product / Service
- EVRAZ Plc - Key offerings
- SWOT
15.9 HBIS Group Co. Ltd.
- HBIS Group Co. Ltd. - Overview
- HBIS Group Co. Ltd. - Product / Service
- HBIS Group Co. Ltd. - Key offerings
- SWOT
15.10 JFE Holdings Inc.
- JFE Holdings Inc. - Overview
- JFE Holdings Inc. - Business segments
- JFE Holdings Inc. - Key news
- JFE Holdings Inc. - Key offerings
- JFE Holdings Inc. - Segment focus
- SWOT
15.11 JSW Steel USA
- JSW Steel USA - Overview
- JSW Steel USA - Product / Service
- JSW Steel USA - Key offerings
- SWOT
15.12 NACHI FUJIKOSHI Corp.
- NACHI FUJIKOSHI Corp. - Overview
- NACHI FUJIKOSHI Corp. - Business segments
- NACHI FUJIKOSHI Corp. - Key news
- NACHI FUJIKOSHI Corp. - Key offerings
- NACHI FUJIKOSHI Corp. - Segment focus
- SWOT
15.13 Nippon Steel Corp.
- Nippon Steel Corp. - Overview
- Nippon Steel Corp. - Business segments
- Nippon Steel Corp. - Key news
- Nippon Steel Corp. - Key offerings
- Nippon Steel Corp. - Segment focus
- SWOT
15.14 NLMK Group
- NLMK Group - Overview
- NLMK Group - Product / Service
- NLMK Group - Key offerings
- SWOT
15.15 POSCO holdings Inc.
- POSCO holdings Inc. - Overview
- POSCO holdings Inc. - Product / Service
- POSCO holdings Inc. - Key offerings
- SWOT
15.16 Shandong Shounuo Metal Material Co. Ltd.
- Shandong Shounuo Metal Material Co. Ltd. - Overview
- Shandong Shounuo Metal Material Co. Ltd. - Product / Service
- Shandong Shounuo Metal Material Co. Ltd. - Key offerings
- SWOT
15.17 SSAB AB
- SSAB AB - Overview
- SSAB AB - Business segments
- SSAB AB - Key offerings
- SSAB AB - Segment focus
- SWOT
15.18 zq steel group Co. Ltd.
- zq steel group Co. Ltd. - Overview
- zq steel group Co. Ltd. - Product / Service
- zq steel group Co. Ltd. - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations