A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Flat
Steel
Market. The
study, titled “Flat
Steel Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Flat
steel is steel manufactured in a sheet form by melting and rolling.
It can be produced in different formats such as plates and strips.
The basic method of producing flat steel is passing
rectangular-shaped steel through flat rollers. Rollers are rotated in
opposite directions and steel is fed through them. The produced steel
does not have grooved or cut faces but has flat faces coated with
zinc to inhibit corrosion. Heavy plates, hot-rolled coils, slabs, and
coated steel are some of the flat steel products. However, heavy
plates are produced using a press and the process is known as
forming, rather than rolling. Rollers are often heated and lubricated
to facilitate the passage of metal from the work piece. Based on the
type, the market for flat steel can be segmented into sheets, strips,
and plates. Based on the end-use, the market for flat steel can be
segregated into mechanical equipment, building & construction,
automotive, and packaging
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Market Research Report @
The
market for flat steel is anticipated to expand at a rapid pace during
the forecast period, owing to growth of automotive and construction
sectors. Increasing demand for flat steel from automotive and
building & construction sectors is likely to fuel the market in
the next few years. Building & construction held a significant
share of the market in 2015. Flat steel offers design flexibility,
durability, and strength to the building. It also lowers the
maintenance cost of a building in the long term. Usage of flat steel
in building and construction activities lowers the cost of
construction. Flat steel not only reduces the overall weight but also
offers fuel efficiency and strength to the vehicle. Increase in the
production of automobiles is estimated to augment the market for flat
steel during the forecast period.
The
sheet segment of the flat steel market accounted for a key market
share in 2015 and is projected to expand during the forecast period,
owing to extensive use of sheets in refrigerators, steel furniture,
doors, steel drums, and automobiles. The plates segment is projected
to expand at a prominent rate owing to growth of the building &
construction sector wherein flat steel plates are used. Fluctuating
prices of raw materials required for the production of flat steel can
hinder the growth of the market. Moreover, increasing demand for
bio-based products and changes in technologies are likely to hamper
the flat steel market.
Asia
Pacific held a significant share of the flat steel market in 2015,
both in terms of volume and revenue. It is followed by North America,
Europe, and Rest of the World. Asia Pacific is a rapid expanding
market for flat steel, owing to the availability of raw materials,
growth of consumer and working population, and rapid technological
advancements in the region. The region is anticipated to continue its
leading position in the global flat steel market in the next few
years, owing to its growing automotive industry. In addition, growth
of the building & construction industry in Asia Pacific in terms
of housing, corporate, and other projects is projected to increase
the demand for flat steel in the region. The flat steel market in
North America is expected to expand at a rapid pace, owing to the
ascending automotive industry in the region. The market in Latin
America is estimated to witness high growth, owing to emerging
manufacturing industry in the region. The market for flat steel in
Middle East & Africa is anticipated to expand at a significant
rate, due to its large consumer base.
Key
players operating in the global flat steel market include Essar
Steel., Hyundai Steel Co., Ltd., Tata Steel, and United States Steel.
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accurate market forecast and analysis on the Flat Steel market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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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.
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Us
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