Rising Construction Activities Propel the Carbon Steel Market to New Heights
Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01117 Format: PDF Pages: 300
Carbon Steel Industry Outlook
As per rigorous research by ChemView Consulting, our analysts forecast that the global carbon steel market is expected to reach a valuation of USD 12,39337.5 million and will grow at a 3.2% CAGR during 2023 to 2033.
Key Findings on the Carbon Steel Sector
The biggest market for carbon steel is East Asia. As per our analysis, East Asia holds nearly 44.6% of the market share.
As per Chem View Consulting, the largest segment by end-user is building & construction. As per our analysis, this segment accounts for nearly 48.2% of total revenues.
The carbon steel industry is expected to grow at a CAGR of 3.2% during the period 2023–2033.
The key companies in the carbon steel industry landscape are Hyundai Steel, JFE Steel Corporation, Acciaierie d’Italia (ADI), POSCO, EVRAZ, ArcelorMittal, Baosteel Group, Evraz plc, HBIS Group, Nippon Steel Corporation, NLMK, Kobe Steel, Ltd., Daido Steel Co., Ltd., Tata Steel, United States Steel, AK Steel Corporation, Dongbei Special Steel Group International Trade Co., Ltd., ArcelorMittal, and Marcegaglia.
Key Drivers for Carbon Steel Market Demand
Key Challenges Inhibiting Demand for Carbon Steel
Key Challenges & Opportunities for Carbon Steel Market Manufacturers
US Carbon Steel Industry Forecast
Europe Carbon Steel Market Outlook
Japan Carbon Steel Industry Overview
China & India Carbon Steel Market Forecast
Carbon Steel Market Outlook & Forecast by Segmentation
Based on type, the low-carbon steel segment is expected to remain at the forefront of the carbon steel industry share over the assessment period. The growth is mainly because low-carbon steel is frequently less expensive than high-carbon or alloy steel. Its lower carbon content makes manufacturing processes easier and less expensive, resulting in lower production costs. This affordability makes it an attractive choice for many industries, especially in price-sensitive markets.
Furthermore, low-carbon steel has a great combination of strength and ductility, making it appropriate for applications requiring durability and resilience. It can withstand a wide range of climatic conditions, making it an excellent choice for long-lasting infrastructure and equipment.
Based on end-users, the building & construction segment is set to account for 48.2% of the carbon steel market share over the assessment period. The growth is because carbon steel is known for its low cost, making it an appealing alternative for the building industry. It maintains a balance between strength, durability, and cost. Construction projects often require large quantities of steel, and the lower cost of carbon steel compared to some alternatives can be a significant factor in its continued use.
Furthermore, carbon steel is known for its resistance to harsh situations like earthquakes and natural disasters. As a result, it is a popular choice for buildings and construction that must withstand unforeseen events.
Which Company Owns the Largest Share in the Carbon Steel Industry?
The key companies in the carbon steel business landscape are Hyundai Steel, JFE Steel Corporation, Acciaierie d’Italia (ADI), POSCO, EVRAZ, ArcelorMittal, Baosteel Group, Evraz plc, HBIS Group, Nippon Steel Corporation, NLMK, Kobe Steel, Ltd., Daido Steel Co., Ltd., Tata Steel, United States Steel, AK Steel Corporation, Dongbei Special Steel Group International Trade Co., Ltd., ArcelorMittal, and Marcegaglia.
As per our analysis, the companies that hold the largest share of the carbon steel market are
Click Here to Request Company-wise Data
AK Steel Holdings Corporation
Founded in 1899 and with headquarters in West Chester Township, Ohio, United States, it is a steel manufacturing company.
Founded in 2003, it is Japan’s second-largest steel manufacturer.
Kobe Steel, Ltd.
Established in 1905 and with headquarters in Kobe, Hyogo, Japan, it is a major steel producer.
Founded in 1907 and with headquarters in Mumbai, it is an international steel manufacturer.
Founded in 1978 and with headquarters in Shanghai, China, it is a state-owned iron and steel firm.
What Makes this Report More Insightful than Others?
With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:
Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.
Strategic Competitive Intelligence: Stay ahead with in-depth analysis, ensuring you always have a competitive edge.
Customer Insights Like Never Before: Understand your customers’ evolving needs, aspirations, and behaviors to drive brand loyalty and value.
Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.
Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.
M&A and Alliances Mastery: Navigate the complex world of mergers, acquisitions, and alliances with expert foresight.
Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.
Up-to-the-minute Regulations & Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.
Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.
The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, and every insight is designed to catalyze growth. Partner with us, and let’s co-create the future of your business.
The carbon steel market is projected to reach a significant value of USD 12,39337.5 million by 2033, driven by a robust 3.2% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are Hyundai Steel, JFE Steel Corporation, Acciaierie d’Italia (ADI), POSCO, EVRAZ, ArcelorMittal, Baosteel Group, Evraz plc, HBIS Group, Nippon Steel Corporation, NLMK, Kobe Steel, Ltd., Daido Steel Co., Ltd., Tata Steel, United States Steel, AK Steel Corporation, Dongbei Special Steel Group International Trade Co., Ltd., ArcelorMittal, and Marcegaglia. The largest market segment by end-users is building & construction, while East Asia emerges as the dominant region in this market.
1.1. Global Market Outlook
1.2. Technology Roadmap
1.3. Supply and Demand Side Trends
1.4. Strategic Success Factors
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
2.3. Inclusions & Limitations
3.1. Supply Side Overview
3.2. Demand Side Overview
4.1. Macroeconomic Factors
4.2. Forecast Factors
4.3. PEST Analysis
4.4. Porter’s Five Forces
4.5. Value Chain Analysis
4.6. Market Dynamics
4.7. Patent Analysis
4.8. Trade Analysis
4.9. Investment Feasibility Matrix
4.10. Challenges for New Entrants
4.11. Regulations Overview
4.12. Covid-19 Impact Assessment
4.12.1. Economy/Cluster Projections
4.12.2. Covid-19 Economic Assessment
4.12.3. Potential Impact on Target Market
4.12.4. Recovery Scenario
5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis
5.2. Demand Y-o-Y Growth Rate Analysis
5.3. Total $ Opportunity Analysis
5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis
6.1. Regional Pricing Analysis By Source
6.2. Regional Price Forecast
6.3. Profit Margin Analysis
6.4. Future Price Impact Factors
7.2. Market Trends
7.3. Historical Market Analysis and Market Forecast Analysis
7.3.1. Low carbon steel
7.3.2. Medium carbon steel
7.3.3. High carbon steel
7.4. Market Attractiveness Analysis
8.2. Market Trends
8.3. Historical Market Analysis and Market Forecast Analysis
8.3.1. Building and construction
8.4. Market Attractiveness Analysis
9.2. Market Trends
9.3. Historical Market Analysis and Market Forecast Analysis
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. East Asia
9.3.6. South Asia Pacific
9.3.7. Middle East & Africa
9.4. Market Attractiveness Analysis by Region
10.2. Key Market Trends
10.3. Pricing Analysis
10.4. Historical Market Analysis and Market Forecast Analysis
10.4.1. By Country
10.4.1.1. The U.S.
10.4.2. By Type
10.4.3. By End-user
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Type
10.5.3. By End-user
10.6. Market Participants Presence Mapping
11.2. Key Market Trends
11.3. Pricing Analysis
11.4. Historical Market Analysis and Market Forecast Analysis
11.4.1. By Country
188.8.131.52. Rest of L.A.
11.4.2. By Type
11.4.3. By End-user
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By End-user
11.6. Market Participants Presence Mapping
12.2. Key Market Trends
12.3. Pricing Analysis
12.4. Historical Market Analysis and Market Forecast Analysis
12.4.1. By Country
184.108.40.206. Rest of Western Europe
12.4.2. By Type
12.4.3. By End-user
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By End-user
12.6. Market Participants Presence Mapping
13.2. Key Market Trends
13.3. Pricing Analysis
13.4. Historical Market Analysis and Market Forecast Analysis
13.4.1. By Country
220.127.116.11. Rest of Eastern Europe
13.4.2. By Type
13.4.3. By End-user
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By End-user
13.6. Market Participants Presence Mapping
14.2. Key Market Trends
14.3. Pricing Analysis
14.4. Historical Market Analysis and Market Forecast Analysis
14.4.1. By Country
18.104.22.168. South Korea
14.4.2. By Type
14.4.3. By End-user
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By End-user
14.6. Market Participants Presence Mapping
15.2. Key Market Trends
15.3. Pricing Analysis
15.4. Historical Market Analysis and Market Forecast Analysis
15.4.1. By Country
22.214.171.124. Rest of SAP
15.4.2. By Type
15.4.3. By End-user
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By End-user
15.6. Market Participants Presence Mapping
16.2. Key Market Trends
16.3. Pricing Analysis
16.4. Historical Market Analysis and Market Forecast Analysis
16.4.1. By Country
126.96.36.199. GCC Countries
188.8.131.52. South Africa
184.108.40.206. Rest of MEA
16.4.2. By Type
16.4.3. By End-user
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By End-user
16.6. Market Participants Presence Mapping
17.1. Market Concentration Analysis
17.2. Tier Structure Breakdown
17.3. Market Share Analysis
17.4. Production Capacity Analysis
17.5. Key Strategies Adopted by Top Players
17.6. Start-up Ecosystem
17.6.1. New Player Entry
17.6.2. Strategies Adopted by New Players
17.7. Company Footprint Analysis
17.7.1. Vehicle Type Footprint
17.7.2. Regional Footprint
17.8. Competitive Dashboard
18.1. Hyundai Steel
18.1.1. Company Overview
18.1.2. Product Portfolio
18.1.4. Financial Analysis
18.1.5. Recent Developments
18.1.6. SWOT Analysis
18.1.7. Strategy Overview
18.2. JFE Steel Corporation
18.3. Acciaierie d’Italia (ADI)
18.7. Baosteel Group
18.8. Evraz plc
18.9. HBIS Group
18.10. Nippon Steel Corporation
18.12. Kobe Steel, Ltd.
18.13. Daido Steel Co., Ltd.
18.14. Tata Steel
18.15. United States Steel
18.16. AK Steel Corporation
18.17. Dongbei Special Steel Group International Trade Co., Ltd.,