Flat Steel Market Report: Trends, Forecast and Competitive Analysis to 2030

Flat Steel Trends and Forecast

The future of the global flat steel market looks promising with opportunities in the building & infrastructure, mechanical equipment, and automotive markets. The global flat steel market is expected to reach an estimated $654.7 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are continuous efforts to build infrastructure and urbanize the world, especially in emerging economies, growing demand for flat steel from the global infrastructure and building industries, as well as, growing expenditures on remodeling and interior design.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Flat Steel by Segment

The study includes a forecast for the global flat steel by type, process, end use, and region.

Flat Steel Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Sheets & Strips
• Plates

Flat Steel Market by Process [Shipment Analysis by Value from 2018 to 2030]:

• Basic Oxygen Furnace
• Electric Arc Furnace

Flat Steel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Infrastructure
• Mechanical Equipment
• Automotive
• Others

Flat Steel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Flat Steel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies flat steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flat steel companies profiled in this report include-

• ArcelorMittal
• Nippon Steel & Sumitomo Metal
• Tata Steel
• POSCO
• China Baowu Steel
• Shougang
• SSAB
• JFE Steel
• HBIS
• ThyssenKrupp

Flat Steel Market Insights

Lucintel forecasts that sheets & strips will remain the largest segment over the forecast period because of rising applications in the packaging, home appliances, and electronics industries.

APAC will remain the largest region over the forecast period due to increasing population density and the number of infrastructural projects in the region, as well as, increased demand in other industries such as automotive, railways, and highways.

Features of the Global Flat Steel Market

Market Size Estimates: Flat steel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Flat steel market size by type, process, end use, and region in terms of value ($B).

Regional Analysis: Flat steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, process, end use, and regions for the flat steel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the flat steel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the flat steel market size?

Answer: The global flat steel market is expected to reach an estimated $654.7 billion by 2030.

Q2. What is the growth forecast for flat steel market?

Answer: The global flat steel market is expected to grow with a CAGR of 5.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the flat steel market?

Answer: The major drivers for this market are continuous efforts to build infrastructure and urbanize the world, especially in emerging economies, growing demand for flat steel from the global infrastructure and building industries, as well as, growing expenditures on remodeling and interior design.

Q4. What are the major segments for flat steel market?

Answer: The future of the global flat steel market looks promising with opportunities in the building & infrastructure, mechanical equipment, and automotive markets.

Q5. Who are the key flat steel market companies?

Answer: Some of the key flat steel companies are as follows:

• ArcelorMittal
• Nippon Steel & Sumitomo Metal
• Tata Steel
• POSCO
• China Baowu Steel
• Shougang
• SSAB
• JFE Steel
• HBIS
• ThyssenKrupp

Q6. Which flat steel market segment will be the largest in future?

Answer: Lucintel forecasts that sheets & strips will remain the largest segment over the forecast period because of rising applications in the packaging, home appliances, and electronics industries.

Q7. In flat steel market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increasing population density and the number of infrastructural projects in the region, as well as, increased demand in other industries such as automotive, railways, and highways.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the flat steel market by type (sheets & strips and plates), process (basic oxygen furnace and electric arc furnace), end use (building & infrastructure, mechanical equipment, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?