The Flat Steel Market was USD 548.17 billion in 2023 and is expected to reach USD 903.23 billion by 2032, growing at a CAGR of 5.71% over the forecast period of 2024-2032.
Get E-PDF Sample Report on Flat Steel Market - Request Sample Report
The expansion of the renewable energy sector is one of the key factors driving the flat steel market, as the growing implementation of wind and solar energy requires effective durable performance materials in a host of reliability-critical applications. Flat steel is also used to make solar panel frames, wind turbine towers, and support structures. Flat steel is a commonly used material for providing strength, corrosion resistance, and cost-effectiveness. Global governments are spending on renewable energy projects to achieve sustainability goals which increases demand for flat steel. As an example, the U.S. DOE and the European Union Green Deal are targeting large increases in wind and solar capacity, which will support increased demand for flat steel due to infrastructure needs. Furthermore, the increased attention towards hydrogen-based steel production in renewable energy applications is influencing the market and the major steel producers are focusing on producing sustainable steel by investing in sustainable production methods to match the global needs for carbon neutrality.
This transition has been driven by policies such as the European Green Deal, which aims for a 55% reduction in emissions by the end of the decade and carbon neutrality by 2050. Additionally, the revised Renewable Energy Directive, adopted in 2023, raises the EU's binding renewable energy target for 2030 to a minimum of 42.5%.
Flat steel is increasingly used in industries such as railways and highways, and with government spending heavily to develop infrastructure across the globe over the next few years the demand for these goods is expected to grow. Flat steel is an important raw material for rail tracks, bridges, highway guardrails, and structural parts, benefiting from high strength, good durability, and corrosion resistance. The U.S. Infrastructure Investment and Jobs Act (IIJA) of 2021, for example, provided $110 billion in various ways to increase steel demand as a key material for roads, bridges, and other large-scale infrastructure uses. Likewise, India will increase railway line capacity via the National Rail Plan(NRP) to increase capacity, by 2030, which will result in steel demand through track expansion and modernization. And enhanced demand is further boosted thanks to initiatives such as the European Union's Connecting Europe Facility (CEF) 2021-2027 with €33.7 billion dedicated to rail and road network upgrades. The continuous expansion of urbanization and industrialization is expected to keep increasing the demand for durable and resilient transportation infrastructure, thereby driving the growth in the flat steel market.
Drivers
Increased use of coated steel drives market growth.
The availability of coated steel is one of the largest drivers in the flat steel market because industries are demanding more long-lasting materials with durability against environmental scenarios. Galvanized steel and pre-painted steel are a popular class of coated steel that provides superior corrosion resistance, making them suitable for use in applications including construction, automotive, and appliances. Besides, the increasing demand for sustainability in construction and energy-efficient structures, coated steel further drives its demand by prolonging the life of structures and minimizing maintenance requirements. Moreover, improvement of vehicle performance both in aesthetics and durability is a major driving force for coated steel adoption within automotive end use, functional, lightweight, and corrosion resistance. Coated steel is used to meet government regulations related to sustainability (e.g. EU's REACH regulation). The flat steel market is further boosted by long-term coated steel demand, productive investment in infrastructure, and smart cities-based infrastructure.
Restraint
Fluctuation in the cost of steel can restrain market growth.
The price volatility of steel is a major challenge to the minimum growth of the flat steel market as it makes sure there is ambiguity among the manufacturers and end users. Different factors affect steel prices such as raw material and energy prices, global supply chain snarls, and geo-political tension. As discussed earlier, the prices of key raw materials for steel production, such as iron ore and coking coal will directly have an impact on production costs if they continue to rise. Widespread volatility contributes to uncertainty with greater difficulty for manufacturers to keep end-users well informed on price stability creating interruptions in the construction cycle or the need to reduce costs and demand for flat steel in construction, automotives, and industrials. Moreover, trade tariffs and anti-dumping measures by governments in the path of exports in steel imports also result in price fluctuations, creating challenges for companies heavily dependent on steel for financial planning.
By Product
Plates held the largest market share 68% in 2023. It is widely used across applications such as construction, shipbuilding, automotive, manufacturing, and other industries, which are categorized as heavy industries. Due to their high stress and extreme condition capabilities, these thick, flat steel products are commonly used for structural components in infrastructure projects, such as bridges, buildings, and other industrial machinery. In shipbuilding, steel plates are essential in the production of sizeable ships, such as oil tankers, commercial vessels, and offshore platforms. Steel plates are also widely used in the automotive industry to manufacture body panels, frame components, and other essential parts because of their strength, durability, and impact resistance. The growing industrialization of countries will always see a market for steel plates because of the requirement for these platess in both basic infrastructure as well as larger industrial uses, the demand is only assisted through government investments into industrial infrastructure.
By End-Use
Building & Construction held the largest market share around 54% in 2023. Due to its strength, durability, and versatility, steel is a primary material used for structural components such as beams, columns, reinforcement bars, and roofing. An increasing number of flat steels is also driven by the worldwide expansion of urbanization and population, with the growing demand for new buildings, bridges, highways, and other facilities. The ramp-up of government initiatives and investments in infrastructure such as the U.S. Infrastructure Investment and Jobs Act (IIJA), as well as China’s Belt and Road Initiative, also spurs demand for steel in construction. In addition, growing attention toward energy-efficient buildings has increased the adoption of light weight high-strength steel which enhances energy efficiency without compromising on structural stability.
Asia pacific has the highest share of flat steel market share around 52% in 2023. It is owing to the rapid industrialization and urbanization trend in the region coupled with the rising demand from major end-use industries including construction, automotive, and infrastructure. Steel consumption and production is high in the countries of China, India and Japan as China is the world largest producer of steel and also a big player in global steel exports. Government-driven infrastructure projects, especially in China and India (the Belt and Road Initiative in the former, and the Smart Cities Mission in the latter) have created an enormous demand for flat steel for construction and heavy industries in the region. The region, particularly in China and India, has also seen a strong growth in automotive steel demand across a multitude of body panels, frames, and other essential parts. Growing smart city initiatives and the expansion of the renewable energy sector in the region are also promoting steel consumption owing to the need of these sectors having long-lasting materials for construction and energy infrastructure. In addition, elements like cheaper labor, lower-priced raw materials, and penetration of steelmakers in countries such as China and South Korea have further solidified the region's supremacy in the flat steel sector. Thanks to this industrial demand, as well as government investments to bring the production capability online, Asia-Pacific is the highest market pair for flat steel.
Get Customized Report as Per Your Business Requirement - Request For Customized Report
Key Players
ArcelorMittal
Tata Steel
Nippon Steel Co.
Ezz Steel
Voestalpine Group
ThyssenKrupp Steel Europe
Yiep Corp.
Metals USA
JFE Steel Corporation
Steel Dynamics, Inc.
SSAB
United States Steel Corporation
ArcelorMittal Nippon Steel India
Baosteel Group
Hyundai Steel
POSCO India
Reliance Steel & Aluminum Co.
Recent Development:
In 2024, ArcelorMittal announced a USD 1 billion investment in a new low-carbon steel plant in the European Union to meet increasing demand for sustainable steel and reduce carbon emissions from its steel production.
In 2023, HBIS Group expanded its production capacity for high-performance steel by acquiring a significant stake in a Chinese steel mill, aiming to cater to the automotive and renewable energy sectors.
In 2023, Ezz Steel upgraded its production facility with the installation of new galvanizing lines to increase its output of high-quality galvanized steel used in construction and automotive applications.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 548.17 Billion |
| Market Size by 2032 | USD 903.23 Billion |
| CAGR | CAGR of5.71% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Product (Sheets & Coils, and Plates) •By End User (Building & Construction, Automotive & Aerospace, Railways & Highway, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ArcelorMittal, Tata Steel, HBIS Group, Nippon Steel Co., Ezz Steel, Voestalpine Group, ThyssenKrupp Steel Europe, Yiep Corp., POSCO, Metals USA, JFE Steel Corporation, Steel Dynamics, Inc., SSAB, United States Steel Corporation, ArcelorMittal Nippon Steel India, Nucor Corporation, Baosteel Group, Hyundai Steel, POSCO India, Reliance Steel & Aluminum Co. |
| Key Drivers | •Increased use of coated steel drives market growth. |
| Restraints | •Fluctuation in the cost of steel can restrain market growth. |
Ans: The Flat Steel Market was valued at USD 548.17 Billion in 2023.
Ans: The expected CAGR of the global Flat Steel Market during the forecast period is 5.71%.
Ans: The building & construction application will grow rapidly in the Flat Steel Market from 2024-2032.
Ans: Increased use of coated steel drives market growth.
Ans: The Asia Pacific led the Flat Steel Market in the region with the highest revenue share in 2023.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by Country, By Type 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion Plans and New Product Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Flat Steel Market Segmentation, By Product
7.1 Chapter Overview
7.2 Sheets & Coils
7.2.1 Sheets & Coils Trends Analysis (2020-2032)
7.2.2 Sheets & Coils Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Plates
7.3.1 Plates Market Trends Analysis (2020-2032)
7.3.2 Plates Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Flat Steel Market Segmentation, by End-Use
8.1 Chapter Overview
8.2 Building & Construction
8.2.1 Building & Construction Market Trends Analysis (2020-2032)
8.2.2 Building & Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Automotive & Aerospace
8.3.1 Automotive & Aerospace Market Trends Analysis (2020-2032)
8.3.2 Automotive & Aerospace Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Railways & Highway
8.4.1 Railways & Highway Market Trends Analysis (2020-2032)
8.4.2 Railways & Highway Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.4 North America Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.5.2 USA Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.6.2 Canada Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.6.2 France Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.4 Asia Pacific Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 China Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 India Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 Japan Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.9.2 Australia Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.4 Africa Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Flat Steel Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.4 Latin America Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Flat Steel Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Flat Steel Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10. Company Profiles
10.1 Arcelor Mittal
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 Tata steel
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product/ Services Offered
10.2.4 SWOT Analysis
10.3 HBIS Group
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product/ Services Offered
10.3.4 SWOT Analysis
10.4 Nippon Steel Co
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product/ Services Offered
10.4.4 SWOT Analysis
10.5 Ezz steel
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product/ Services Offered
10.5.4 SWOT Analysis
10.6 Voestalpine Group
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product/ Services Offered
10.6.4 SWOT Analysis
10.7 Thyssen Krupp steel Europe
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product/ Services Offered
10.7.4 SWOT Analysis
10.8 Yiep corp.
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product/ Services Offered
10.8.4 SWOT Analysis
10.9 POSCO
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product/ Services Offered
10.9.4 SWOT Analysis
10.10 Metals USA
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product/ Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments
By Product
Sheets & Coils
Plates
By End-Use
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Advanced Sintering Technologies Market Size was valued at USD 1.2 billion in 2023 and is expected to reach USD 2.2 billion by 2032 and grow at a CAGR of 7.3% over the forecast period 2024-2032.
The Metallic Stearates Market size was USD 3.58 Billion in 2023 and is expected to reach USD 5.44 Billion by 2032 and grow at a CAGR of 4.75 % over the forecast period of 2024-2032.
The Drilling Fluids Market was valued at $ 10.06 Billion in 2023 and is expected to reach $ 14.75 Billion by 2032, growing at a CAGR of 4.72% from 2024-2032.
Oilfield Chemicals Market was USD 28.5 billion in 2023 and is expected to reach USD 40.2 billion by 2032, growing at a CAGR of 3.9 % from 2024 to 2032.
Phenolic Resin Market Size was valued at USD 14.5 billion in 2023 and is expected to reach USD 22.5 billion by 2032, growing at a CAGR of 5.0% from 2024-2032.
Base Oil Market was valued at USD 20.86 billion in 2023 and is projected to reach USD 33.20 billion by 2032, growing at a CAGR of 5.3% from 2024 to 2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
