Global Carbon Steel Market 2024-2028
The carbon steel market is forecasted to grow by USD 187.59 bn during 2023-2028, accelerating at a CAGR of 3.58% during the forecast period. The report on the carbon steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for construction industry, increasing demand from shipbuilding industry, and increasing demand for oil and gas industry.
Technavio's carbon steel market is segmented as below:
By End-user
- Construction
- Shipbuilding
- Automotive
- Transportation
- Others
By Type
- Low carbon steel
- Medium carbon steel
- High carbon steel
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increase in adoption of sustainable manufacturing practices as one of the prime reasons driving the carbon steel market growth during the next few years. Also, increasing technological developments in global steel industry and rise in demand for carbon steel with increasing wind power installations will lead to sizable demand in the market.
The report on the carbon steel market covers the following areas:
- Carbon steel market sizing
- Carbon steel market forecast
- Carbon steel market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon steel market vendors that include Ansteel Group Corp. Ltd., ArcelorMittal, Baosteel Group Corp., Cleveland Cliffs Inc., CRH Plc, Daido Steel Co. Ltd., ERASTEEL, EVRAZ Plc, HBIS Group Co. Ltd., Hudson Tool Steel, JFE Holdings Inc., Kennametal Inc., NACHI FUJIKOSHI Corp., Nippon Steel Corp., NLMK Group, Omega Steel Co., POSCO holdings Inc., Shandong Shounuo Metal Material Co. Ltd., Tata Steel Ltd., and zq steel group Co. Ltd.. Also, the carbon steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.