new
research report by Transparency Market Research offers a
comprehensive evaluation of the global Iron
and Steel
market.
The study, titled “Iron
and Steel Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2016 - 2024”,
is available for sale on the firm’s website.
Global
Iron and Steel Market: Overview
The
iron
and steel industry forms the fundamental part of a number of
other industries that constitute global trade and economy. History
has it that churns and disruptions in the global iron and steel
market can have far-reaching impacts on several ancillary industries
including but not limited to construction, automotive, chemicals,
energy, and heavy engineering. The growth of these application areas,
however, also bodes well for the growth of iron and steel
consumption. Transparency Market Research finds that while the
production of steel demonstrated a marginal decrease in early 2015,
growth has got back on track since then.
China
continues to lead the global iron and steel market in terms of
production with over 50% of global volume, followed at a distant
second by Japan. Countries such as India, the United, States,
Get
Sample Of This Research Report At:
and
Russia are the other key products of steel globally. The report
states that these markets will also continue to help the global iron
and steel market through the forecasting period.
The
report on the global iron and steel market captures the trends and
dynamics that have thus far characterized the growth of the market. A
careful balance has been struck between primary and secondary
research to reach verifiable and reliable projections. For this
purpose, the report makes use of proprietary as well as
industry-accepted research techniques such as weighted average
analysis, correlation, and regression analysis. The report also
assesses the market shares of leading segments, players, and regional
markets.
Global
Iron and Steel Market: Drivers, Threats, and Opportunities
The
construction industry, by far, has been the leading consumer of steel
and iron, using up more of the materials than even wood and cement.
However, steel and iron producers are now compelled to compete with
new construction materials such as ceramics and polymers. This has
enabled the production of lightweight steel and iron products that
are also high on tensile strength. The engineering industry in
general – and the heavy engineering industry in particular – has
relied on ferrous materials for several years now and continues to do
despite the advent of an assortment of newer material varieties.
However,
the engineering plastics industry has been responsible for eroding
considerable revenue from the iron and steel market. Other materials
such as carbon fiber and high-strength composites have managed to
seamlessly perform the functions that steel and iron once did in
automobiles, buildings, machinery, and more. The lighter weight of
these next-generation materials has boosted their uptake
considerable. All of these factors combine to create a palpable
threat to the demand for iron and steel.
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The Full Research Report At:
Global
Iron and Steel Market: Region-wise Outlook
The
regional dynamics in the global iron and steel market are defined to
a great extent by the economic situation in China on account of the
country being the largest producer and consumer of these two
materials. The presence leading steel and iron producers such as
China, Japan, and India have given the Asia Pacific region a clear
lead in both volume and revenues in the global iron and steel market.
APAC is also expected to be the leading region through the end of the
forecast period. Steel demand has remained steady, if not
exceptionally encouraging, in key markets in North America and
Europe.
Global
Iron and Steel Market: Key Players
The
leading companies in the global iron and steel market are:
ArcelorMittal S.A., Kobe Steel Ltd., Insteel Industries Inc., N.V.
Bekaert SA, Leggett & Platt Incorporated, Steel Authority of
India Ltd., Bridon International Ltd., POSCO, Tree Island Industries
Ltd., and Tata Steel Ltd.
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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