Carbon Steel Market Research Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2030 | Emerging research study

Carbon Steel Market Positive outlook for the construction industry is a key driver of global carbon steel market revenue growth

The Global carbon steel market The size is expected to reach USD 1,273.26 billion in 2030 and register a steady revenue CAGR of 3.4% over the forecast period, according to the latest analysis from Emergen Research. The steady growth in carbon steel market revenue can be attributed to the positive outlook for the construction industry. Different forms of carbon steel have virtually endless construction applications and are highly preferred for building frames in commercial, government and residential low carbon steel structures. Low carbon steel is used to make automotive components, steel pipes, bridges, nails, wires and chains, among others. Cutting tools, springs, coils, wrenches, hammers and tools needed for construction and mechanical applications are made from high carbon steel due to greater hardness and durability.

The use of high strength, low alloy steels (HSLA) contain other elements such as copper, nickel, vanadium and molybdenum, and are often categorized as low carbon steels. Low alloy high strength steels have greater strength due to heat treatment. These materials are ductile and therefore easy to shape and machine. HSLAs are more corrosion resistant than standard low carbon steels.

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Some highlights of the report

• On December 14, 2021, Mill Steel Co., which is one of the largest distributors of flat-rolled carbon steel in North America, announced its full line of flat-rolled carbon steel products available for purchase on its e-commerce website. The website offers over 65,000 tons of steel available for purchase with full physical and chemical certification provided for each coil.
• The medium carbon steel segment is expected to witness a rapid revenue growth rate over the forecast period. This is attributed to its increasing use in various applications due to various benefits. Heat treatment can strengthen these metals, which have carbon contents of 0.25 to 0.6% and manganese levels of 0.6 to 1.6%, although this can only be done on very heavy sections. thin without using additional alloying elements. These steels are stronger, but less ductile than low carbon steels. The use of medium carbon steel is advantageous for items such as railroad tracks, train wheels, crankshafts, gears, and parts of equipment that require superior strength and durability.
• The construction segment is expected to account for a relatively large revenue share in the global market over the forecast period owing to the increasing adoption of carbon steel for various applications. The use of carbon steel in construction applications has a number of advantages, including due to high durability, strength and impact resistance. Commercial, government and residential construction and carbon steel buildings are better suited to withstand natural disasters such as earthquakes and tornadoes. In addition to being recyclable, reusable and durable, carbon steel. Since carbon steel can be worked considerably more efficiently than other metals, various products can be produced at lower cost. It can be produced using less metal and still serve the same purpose, which makes it much cheaper than materials made from other metals, such as copper.

Carbon Steel Market Highlights:

• Extensive coverage of carbon steel market analysis
• Key information on the regional breakdown of the industry in key geographies
• Sweeping insights into vital market trends; current and emerging trends, and factors influencing market growth
• Comprehensive coverage of the impact of the COVID-19 pandemic on the overall Carbon Steel Market growth
• Comprehensive data on major manufacturers and vendors of Carbon Steel market

Market factors:

The constant efforts of leading players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry in the coming years. The report studies the extensive business expansion plans and progress of R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate agreements.

The report also talks about the changing demands and emerging trends that are expected to boost the market growth. The growing demand for carbon steel products is expected to boost the demand for food vacuum machines, thereby enhancing the growth of the industry. Additionally, the report also studies the impact of the COVID-19 pandemic on the market.

Leading companies in the carbon steel industry profiled in the report are:

ArcelorMittal, HBIS Group, Nippon Steel Corporation, POSCO, United States Steel Corporation, EVRAZ plc, Baosteel Group, JFE Steel Corporation, NLMK and AK Steel International BV

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Emergen Research has segmented the global carbon steel market based on type, application, and region:

• Type Outlook (Revenue, billion USD; 2019-2030) (Kilo Tons)
• Low carbon steel
• Medium carbon steel
• High carbon steel

• Application Outlook (Revenue, USD Billion; 2019-2030) (Kilo Tons)
• Shipbuilding
• Construction
• Automotive
• Others

• Regional Outlook (Revenue, USD Billion; 2019-2030) (Kilo Tons)

1. WE
2. Canada
3. Mexico

1. Germany
2. UK
3. France
4. Italy
5. Spain
6. Sweden
7. BENELUX
8. The rest of Europe

1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC

1. Brazil
2. Rest of LATAM

1. Saudi Arabia
2. United Arab Emirates
3. South Africa
4. Israel
5. Rest of MEA

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About Us:

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal of locating, targeting and analyzing changes in consumer behavior across demographics, across industries, and helping customers make smarter business decisions. We offer market intelligence research ensuring relevant and factual research across multiple sectors including health, touchpoints, chemicals, types and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Emergen Research has a strong base of experienced analysts from a variety of areas of expertise. Our industry experience and ability to develop a workable solution to any research problem gives our clients the ability to secure an edge over their respective competitors.

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