The Carbon steel Market was valued at $890.3 Billion in 2018 and is forecast to grow at a modest 4.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xxx.6 Billion.
Industry at a Glance.
Carbon steel is an iron-carbon alloy, which contains up to 2.1 wt. % carbon. it’s commonly used structurally in buildings and bridges, axles, gears, shafts, rails, pipelines and couplings, cars, fridges, and washing machines. High carbon steel has a much better tensile strength, used to make cutting tools, blades, punches dies, springs, and high-strength wire.
Rapidndustrialization increases i in investments in infrastructure and rise in the global population are major factors driving the building & construction segment of the global market. Machine manufacturing is a profitable application segment of the flat carbon steel market.
According to the survey, the U.S. has 8.1% of market revenue share in the global market. Statistically, the U.S. continuously spending the money on the automotive sector as well as the construction sector. In 2013, it has spent 7.2 Billion in the construction sector and it has touched 16.2 Billion in 2018.
The non-residential sector is also playing a major role in carbon steel production and attributed to the 61.1% market share in 2018. Several expenditures of the government to renew the old infrastructure, construction, buildings, road, and bridges are anticipated to augment the market growth.
“Optimal Price Point (OPP) for Global Carbon steel”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP, and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Carbon steel are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Carbon steel Market by “Key Type”
We have segmented the Global Carbon steel-based on Key Type as Low Carbon Steel, Medium Carbon Steel, and High Carbon Steel.
We have observed the rapid growth of Carbon steel followed by the Low Carbon Steel segment has the highest market share of 92.0% and is expected to propel the market growth over the forecast period. This type of steel used to make flat sheets and structural beams owing to its lightweight property (carbon content <0.25%), flexibility, cold forming abilities, and ductility as well as affordable cost.
We also noticed the Medium Carbon Steel segment anticipated to drive the market with a CAGR of 2.8% from 2018 to 2026.
Global Carbon steel Market by “Application Categories”
We have segmented the Global Carbon steel-based on Application Categories as Shipbuilding, Automotive, and Construction.
We have observed the rapid growth of Carbon steel followed by the Construction segment has the largest market share of 43.2% in 2018 and is estimated to grow during the prediction period. This type of steel consists of high welding bonding and outstanding forming as well as well characteristics such as flexibility, endurance, ductility, plasticity, and bending stress in nature.
We also noticed the Automotive segment anticipated to drive the market with a CAGR of 3.8% from 2018 to 2026. These segments playing a crucial role in the steel industry owing to its dynamic strength, hardness, handle the bending and rotating stress as well as frequently used in automotive parts
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Carbon steel followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share of 72.4% in the global market in 2018. Asia, China, and India are the key region for the strongest expansion of shipbuilding, construction, and the automotive sector due to the abundant availability of raw material and the highest number of industries.
The North America region is anticipated to augment a lucrative CAGR of 3.5% from 2018 to 2026. Owing to the suitable government policies, high investment in the construction segment and demand for the automotive segment is projected to drive the region positively.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are ArcelorMittal, Nippon Steel Corporation, POSCO, AK Steel Corporation, NLMK, Evraz plc, United States Steel, JFE Steel Corporation, HBIS Group, and Baosteel Group. are few major players in Global Carbon steel markets. The Global Carbon steel market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Carbon steel Market by Key Type (Revenue, Million, 2018 – 2026)
- Low Carbon Steel
- Medium Carbon Steel
- High Carbon Steel
Global Carbon steel Market by Application Categories (Revenue, Million, 2018 – 2026)
Global Carbon steel Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
Global Carbon Steel Market,Global Carbon Steel Market Analytics,Global Carbon Steel Market Share,Global Carbon Steel Market Research,Global Carbon Steel Market Forecast,Global Carbon Steel Market Analysis,Global Carbon Steel Market Insight,Global Carbon Steel Market Trend,Global Carbon Steel Market Value,Global Carbon Steel Market Size,Global Carbon Steel Market Survey,Global Carbon Steel Market Research Report