Flat Carbon Steel Market 2021 Size, Growth, Trends and Global Segments Analysis Report 2030

(MENAFN– America News Hour) In a recent published report, Kenneth Research has updated the market report for Flat Carbon Steel Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Flat Carbon Steel Market products.

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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

A report on Flat Carbon Steel Market has recently been added into the market research report database of Kenneth Research, which provides a full assessment to its readers on the growth prospects of the market, along with the potential business opportunities in the industry. The study, which focuses on the latest trends, business dynamics, growth opportunities and drivers that are influencing the market growth, also includes the market size and the compounded average growth rate (CAGR) for the forecast period 2021 and 2025. The report on Flat Carbon Steel Market also includes comprehensive analysis on both the macro- and micro-environmental factors that may influence the market growth during the forecast period. Additionally, analytical tools such as PESTEL analysis and Porter’s five forces analysis are used to calculate and compile the factors that are acting as the driving force for the growth of the market.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Global Flat Carbon Steel Industry was valued at USD 414 Billion in the year 2018. Global Flat Carbon Steel Industry is further estimated to grow at a CAGR of 3.8% from 2019 to reach USD 536 Billion by the year 2025. In the Global Flat Carbon Steel Industry, by region Asia Pacific region holds the highest Industry share in 2017 and is also Industry is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At the country level, India, China, South Korea, Japan, and Taiwan in Asia-Pacific are projected to grow strongly in the coming years owing to growing demand and popularity for the flat carbon steel products.

Major market players in Flat Carbon Steel Industry are Baosteel Group (Baowu Steel Group Corporation Limited), SAIL (Steel Authority of India Limited), China Baowu Group Ltd., POSCO Steel., Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group, CSC Steel Holdings Berhad, Maanshan Iron & Steel Company Limited, JFE Steel Corporation, Gerdau S.A., PJSC Magnitogorsk Iron and Steel Works (MMK Group), and 9 more companies detailed information is provided in the report.
The segmentation is done on the basis of product, by application and by region. On the basis of product types, the Industry is segmented into plates, hot-rolled coils, cold-rolled coils, galvanized coils, pre-painted steel coils, and tinplates of which hot-rolled coil segment is expected to hold the highest Industry share during the forecast period owing to their strength and durability. By application, the Industry is segmented into Machine Manufacturing and Building and Construction of which Building and Construction segment holds the highest Industry share in 2018.

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SWOT analysis of Flat Carbon Steel Industry
Strength:
Growing application in end-users industry
The rise in urban population
Weakness:
Changing government regulations and norms
Opportunities:
Increase in investments in infrastructure
Threats:
Available alternative and cheap products

Flat Carbon Steel Industry  Segmentation
Flat Carbon Steel Industry Overview, By Product Type
• Hot-rolled coils
• Plates
• Galvanized coils
• Cold-rolled coils
• Tinplates
• Pre-painted steel coils
Flat Carbon Steel Industry Overview, By Application
• Machine Manufacturing
• Building and Construction
Flat Carbon Steel Industry Overview, By Region
North America 
• USA
• Canada 
Europe 
• Germany 
• U.K. 
• France 
• Italy 
• Rest of Europe 
APAC 
• China 
• India 
• Japan 
• Rest of Asia-Pacific 
RoW 
• Latin America
• Middle East & Africa 

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 About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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