Global Flat Steel Market, By Type (Sheets, Strips, Plates), By End-Use (Mechanical Equipment, Building & Construction, Automotive, Packaging, Others), and opportunities and forecast 2023-2030
Flat Steel Market Overview
The global Flat Steel market is expected to grow at a sound pace in the times to follow. Flat steel finds the largest applications across several industries, including automobile and transportation, building and infrastructure, packaging, consumer goods, and defense. There will be a huge demand for flat steel in buildings and infrastructure globally. It is used in the construction of railway tracks, bridges, roads, factories, buildings, and other engineering structures. Additionally, the growing awareness regarding the advantages of flat steel such as high durability, strength, and design flexibility, and low construction and maintenance cost is boosting its adoption across various sectors. Each of these factors is anticipated to have a definite impact on the global Flat Steel market throughout the forecast period.
Furthermore, the rapid growth in infrastructural expansion in the Asia Pacific owing to rapid urbanization and industrialization is working in favor of the global flat steel market. The construction industry in countries such as India, China, and South Korea has recorded phenomenal growth in the past few years. Since flat-rolled products are broadly used in the construction of cladding, internal walls, and purlins, the development of the construction sector is translating into the higher uptake of flat steel. All these crucial aspects are significantly contributing to the growth of the global Flat Steel market. Additionally, with the increasing investments in the infrastructure sector and the growing strictness on iron-ore mining, many countries are anticipated to enlarge the growth of the market in the forecast period.
On the downside, instability in prices of raw materials required for the production of flat steel can hamper the growth of the market. Furthermore, the growing demand for bio-based products and changes in technologies are expected to hinder the growth of the flat steel market.
Covid-19 Impact on Flat Steel Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Flat Steel Market Segment Overview
Based on Type, the Sheets segment has the maximum share of the Flat Steel market and is projected to expand over the forecast period. This is because of the widespread use of sheets in refrigerators, steel furniture, doors, steel drums, and automobiles. In addition, the Plates segment is expected to expand at a significant rate due to the growth of the building & construction sector wherein flat steel plates are used.
According to End-Use, the Building & Construction and Automotive are the largest segments in the market. The Building & construction segment held a significant share of the market. Flat steel offers design flexibility, durability, and strength to the building. As well, the usage of flat steel in building and construction activities reduces the cost of construction. Additionally, flat steel not only decreases the overall weight but also offers fuel efficiency and strength to the vehicle. The rising the production of automobiles is expected to enhance the growth of the flat steel market during the forecast period.
Flat Steel Market, By Type · Sheets · Strips · Plates
Flat Steel Market, By End-Use · Mechanical Equipment · Building & Construction · Automotive · Packaging · Others
Flat Steel Market Regional Overview
Region-wise, Asia Pacific accounts for a major share in the Flat Steel market. This can be mainly attributed to the various factors such as availability of raw materials, growth of consumer and working population, and rapid technological developments in the region. Additionally, the growth of the building & construction industry in the region in terms of housing, corporate, and other projects and expansion of automotive industry in the region is likely to escalate the demand for flat steel in the region. Similarly, the flat steel market in North America is anticipated to increase at a rapid pace, due to the rising automotive industry in the region. The market in Latin America is projected to show high growth, due to the developing manufacturing industry in the region. Further, the market for flat steel in Middle East & Africa is estimated to enlarge at a substantial rate, owing to its large consumer base.
Flat Steel Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Flat Steel Market, Key Players
· Essar Steel · Hyundai Steel Co., Ltd. · Tata Steel · United States Steel · ArcelorMittal · Nippon Steel & Sumitomo Metal Corporation · POSCO · China Baowu Steel Group Corporation Limited · Shougang Group Co., Ltd. · JFE Steel Corporation
Flat Steel Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Flat Steel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Sheets
5.2.2. Strips
5.2.3. Plates
5.3. Market Analysis, Insights and Forecast – By End-Use
5.3.1. Mechanical Equipment
5.3.2. Building & Construction
5.3.3. Automotive
5.3.4. Packaging
5.3.5. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America Flat Steel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Sheets
6.2.2. Strips
6.2.3. Plates
6.3. Market Analysis, Insights and Forecast – By End-Use
6.3.1. Mechanical Equipment
6.3.2. Building & Construction
6.3.3. Automotive
6.3.4. Packaging
6.3.5. Others
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Flat Steel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Sheets
7.2.2. Strips
7.2.3. Plates
7.3. Market Analysis, Insights and Forecast – By End-Use
7.3.1. Mechanical Equipment
7.3.2. Building & Construction
7.3.3. Automotive
7.3.4. Packaging
7.3.5. Others
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Flat Steel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Sheets
8.2.2. Strips
8.2.3. Plates
8.3. Market Analysis, Insights and Forecast – By End-Use
8.3.1. Mechanical Equipment
8.3.2. Building & Construction
8.3.3. Automotive
8.3.4. Packaging
8.3.5. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Flat Steel Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Sheets
9.2.2. Strips
9.2.3. Plates
9.3. Market Analysis, Insights and Forecast – By End-Use
9.3.1. Mechanical Equipment
9.3.2. Building & Construction
9.3.3. Automotive
9.3.4. Packaging
9.3.5. Others
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Essar Steel
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Hyundai Steel Co., Ltd.
10.6. Tata Steel
10.7. United States Steel
10.8. ArcelorMittal
10.9. Nippon Steel & Sumitomo Metal Corporation
10.10. POSCO
10.11. China Baowu Steel Group Corporation Limited
10.12. Shougang Group Co., Ltd.
List of Figures
Figure 1: Global Flat Steel Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Flat Steel Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Flat Steel Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Flat Steel Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Flat Steel Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Flat Steel Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Flat Steel Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Flat Steel Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Flat Steel Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Flat Steel Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Flat Steel Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Flat Steel Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Flat Steel Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Flat Steel Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Flat Steel Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Flat Steel Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Flat Steel Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Flat Steel Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Flat Steel Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Flat Steel Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Flat Steel Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Flat Steel Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Flat Steel Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Flat Steel Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Flat Steel Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Flat Steel Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Flat Steel Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Flat Steel Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Flat Steel Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Flat Steel Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Flat Steel Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Flat Steel Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Flat Steel Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Flat Steel Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Flat Steel Market Revenue (USD Billion) Forecast, by Country, 2016-2027