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The global flat carbon steel market market estimated at US $ 802.8 billion in 2020, is expected to reach a revised size of US $ 938.5 billion by 2027, growing at a CAGR of 2 , 3% over the 2020-2027 analysis period.
The global flat carbon steel market will be analyzed on the basis of leading market vendors, their product benchmarking, SWOT analysis, and company financial data such as annual revenue, research and development expenses, net income and their geographic presence. Major vendors in the global flat carbon steel market include Tata Steel Limited, ArcelorMittal, United States Steel Corporation, Voestalpine Group,. These vendors are actively involved in organic and inorganic strategies to increase their market share and expand their geographic presence. Organic growth strategies include product launches, geographic expansion, R&D spending and organizational restructuring. Inorganic growth strategies include mergers and acquisitions, partnerships and strategic collaboration.
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Hot-rolled coils, one of the segments analyzed in the report, is expected to register a CAGR of 2.8% and reach $ 347.2 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Plates segment is readjusted to a revised CAGR of 2.4% for the next 7-year period.
– The US market is estimated at $ 217.2 billion, while China is expected to grow at 4.3% CAGR
– The market for flat carbon steel in the United States is estimated at US $ 217.2 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 185.9 billion d ‘by 2027, behind a CAGR of 4.4% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 0.4% and 1.6% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 1% CAGR.
– Galvanized Coils Segment to Record 2% CAGR
– In the global galvanized coil segment, the United States, Canada, Japan, China and Europe will lead the estimated 1.6% CAGR for this segment. These regional markets representing a combined market size of US $ 102.3 billion in 2020 will reach a projected size of US $ 114.4 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 126.9 billion by 2027, while Latin America will grow at a CAGR of 2 , 7% during the analysis period.
Asia-Pacific and Europe are expected to be flat carbon steel markets during the forecast period. This is mainly due to the presence of important industries in China, Germany, Japan and India.
Detailed segmentation:
* Global Flat Carbon Steel Market, By Product Type:
* Low Carbon Type, Medium Carbon Type, High Carbon Type.
* Global Flat Carbon Steel Market, By End User:
* Building & infrastructure, Automobile & other transport, Mechanical equipment, Others,,.
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It provides information on examples and upgrades, and targets commercial parts and materials, cut points and progressions. This report contains a section on the global market and all its related organizations with their profiles, which gives important information related to their perspective regarding accounts, product portfolios, investment plans and marketing and business methodologies.
Market opposition frequently develops with increasing scientific innovation and M&A activity in the industry. In addition, many local and regional vendors offer specific application products for various end users. New merchant candidates in the market find it difficult to compete with international suppliers on the basis of reliability, quality and modernity of technology.
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This Research Allied study is a comprehensive framework of market dynamics. It primarily includes a critical assessment of consumer or customer journeys, current and emerging leads, and a strategic framework for enabling CXOs to make effective decisions.
Our key foundation is the 4-quadrant EIRS framework which offers detailed visualization of four elements:
– Customer experience cards.
– Insights and tools based on data-driven research.
– Actionable results to meet all business priorities.
– Strategic frameworks to stimulate the growth path.
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