Global Steel Product Market Growth 2023-2029

Global Steel Product Market Growth 2023-2029

Steel is both the most widely used and most recycled metal material on earth. From stainless and high-temperature steels to flat carbon products, steel in its various forms and alloys offer different properties to meet a wide range of applications. For these reasons, as well as the metal's combination of high strength and a relatively low production cost, steel is now used in countless products.

In steel industry terminology long steel products or long products refers to steel products including wire, rod, rail, and bars as well as types of steel structural sections and girders.

Flat products include slabs, hot-rolled coil, cold-rolled coil, coated steel products, tinplate and heavy plate.

Tubular steel is a multi-functional necessity for many industries. It can be beautiful and decorative, simple and strictly functional, and anywhere in between. It can be large or small, short or long, thick or thin, and any shape you can imagine. Steel tubing is also rectangular, oval, D-shaped, and many other shapes.

LPI (LP Information)' newest research report, the “Steel Product Industry Forecast” looks at past sales and reviews total world Steel Product sales in 2022, providing a comprehensive analysis by region and market sector of projected Steel Product sales for 2023 through 2029. With Steel Product sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Product industry.

This Insight Report provides a comprehensive analysis of the global Steel Product landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Product portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Steel Product market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Product and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Product.

The global Steel Product market size is projected to grow from US$ 864940 million in 2022 to US$ 1056890 million in 2029; it is expected to grow at a CAGR of 1056890 from 2023 to 2029.

Leading players in the Steel Product market include ArcelorMittal (Luxembourg), Baowu Steel Group (China), POSCO (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), and JFE Holdings, Inc. (Japan), with about 22% market shares.

China also is the largest production place, with a production market share nearly 45%. Following Europe, Europe is the second largest production place with the consumption market share of 14%.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Product market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Flat Steel Products
Long Steel Products
Pipe & Tube Products

Segmentation by application
Construction
Transport
Energy
Packaging
Appliances and Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ArcelorMittal
Nippon Steel & Sumitomo Metal
China Baowu Steel Group
POSCO
Hesteel Group
JFE Steel Corporation
Tata Steel
Nucor Corporation
Hyundai Steel
Shagang Group
Ansteel Group
NLMK Group
Gerdau
ThyssenKrupp
Valin Steel Group
United States Steel Corporation
JSW Steel Ltd
Shougang
Steel Authority of India Limited
Maanshan Steel
Shandong Steel
Evraz
Benxi Steel Group
China Steel
Jianlong Group
Fangda Steel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Product market?

What factors are driving Steel Product market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Steel Product market opportunities vary by end market size?

How does Steel Product break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.