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    Flat Steel Market | Covid-19 Impact Analysis

    Flat Steel Market | Covid-19 Impact Analysis

    Flat Steel Market | Covid-19 Impact Analysis
    Report code - SRAM401 Delivery - 2 Weeks
    Flat Steel Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Flat Steel Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Flat Steel Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Flat Steel Market Insights

    Flat steel market is likely to witness a healthy CAGR of 5.3% during the forecast period. An expected increase in demand for flat steel products is attributed to their increasing usage and applications in various end-use industries, such as ship building and automotive body panels, building & infrastructure, transportation and industrial sectors.

    Flat Steel Market - Snapshot

    Growth

    5.3% for the next five year

    Major Process Type

    Basic Oxygen Furnace

    Dominant Product Type

    Sheets & Strips

    Dominant End-User Type

    Building & Infrastructure

    Region with the highest demand

    Asia-Pacific

    Key Players

    ArcelorMittal S.A., China Baowu Steel Group Corp., Ltd., Nippon Steel Corporation, Hesteel Group Company Limited, POSCO, Shougang Group Co., Ltd., JFE Steel Corporation, Tata Steel Limited, SSAB AB, ThyssenKrupp AG, and Voestalpine AG

     

    Market Share Analysis

    Flat-Steel-Market-Dominant-Segments

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    Flat Steel Market Share: By Process Type

    Based on the process type, the market is segmented as basic oxygen furnace and electric arc furnace. Basic oxygen furnace held the larger share of the market in 2019, owing to its wider usage in steel production across the world due to its higher production rates, lower-residual element, and more powerful and effective process.

    Flat Steel Market Share: By Product Type

    Based on the product type, the flat steel market is segmented as sheets & strips and plates. Sheets & strips are expected to remain the larger product type of the market during the forecast period, owing to their wider applications, such as in automotive body panels, domestic white goods, roofing and cladding materials, etc.

    Flat Steel Market Share: By End-User Type

    Based on the end-user type, the market is segmented as building & infrastructure, mechanical equipment, transportation, and others. The building & infrastructure segment is expected to remain the largest and the fastest-growing end-user of the market during the forecast period, owing to rapid growth in the construction industry with increasing usage of flat steel products in constructing residential & commercial buildings and in roads, ports, airports and railways.

    Flat Steel Market Share: By Region

    In terms of regions, Asia-Pacific is expected to remain the dominant region in the market in the coming five years owing to the largest and the fastest-growing construction market in the region. Industrialization, urbanization, and increasing disposable income in the emerging economies will continue to propel the demand for flat steel in the region over the next five years. Organic growth of the automotive industry with increasing penetration of electric vehicle to reduce carbon emissions is also likely to boost the demand for flat steel product in the region. The region is also the largest exporter of crude steel along with flat steel products in the world with China and India being the top two producers in the world.  

    Flat-Steel-Market-By-Region

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    Some of the major flat steel manufacturers are-

    • ArcelorMittal S.A.
    • China Baowu Steel Group Corp., Ltd.
    • Nippon Steel Corporation
    • Hesteel Group Company Limited
    • POSCO
    • Shougang Group Co., Ltd.
    • JFE Steel Corporation
    • Tata Steel Limited
    • SSAB AB
    • ThyssenKrupp AG
    • Voestalpine AG.

     

    Market Scope & Segmentation

    Flat steel is one of the two types of steel construction products, made from steel slabs and include plate, strip, hollow sections, large diameter welded pipe and structural beams.  

    Flat steel products are classified into hot rolled sheets, cold rolled sheets, coated sheets and plates. They are widely used for making various finished products in various industries including automobile, domestic appliances, shipbuilding, and construction. 

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Flat Steel Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    12

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The flat steel market is segmented into the following categories. 

    Flat Steel Market Size, Share, & Forecast, by Process Type:

    • Basic Oxygen Furnace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Arc Furnace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flat Steel Market Size, Share, & Forecast, by Product Type:

    • Sheets & Strips (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flat Steel Market Size, Share, & Forecast, by End-User Type:

    • Building & Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mechanical Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flat Steel Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Flat-Steel-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Flat Steel Market in the foreseeable future?

    The flat steel market is expected to witness an impressive growth of 5.3% CAGR in the foreseeable future.

    Who are the key players in the Flat Steel Market?

    ArcelorMittal S.A., China Baowu Steel Group Corp., Ltd., Nippon Steel Corporation, Hesteel Group Company Limited, POSCO, Shougang Group Co., Ltd., JFE Steel Corporation, Tata Steel Limited, SSAB AB, ThyssenKrupp AG, and Voestalpine AG are among the key players in the flat steel market.

    Which country/region is expected to remain dominant in the Flat Steel Market?

    Asia-Pacific is expected to remain the dominant region in the flat steel market during the next five years.

    Which segment is expected to be the largest end-user type in the Flat Steel Market?

    The building & infrastructure segment is expected to remain the largest end-user in the flat steel market in the coming years.

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