A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Steel
Flat Rolled Products
Market. The
study, titled “Steel
Flat Rolled Products Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Steel
flat rolled products are made of steel and these products have flat
surfaces instead of grooved faces. These products include cold rolled
coil, hot rolled coils, slab, coated steel products among others.
With the help of melting, steel flat rolled products are manufactured
and these products have their extensive applications in automotive,
construction, packaging and heavy machinery industries. Zinc coating
is applied with steel to prevent it from any kind of corrosion. Steel
flat rolled product market witness growing demand in coming years.
With
the rising population base coupled with increasing disposable income,
global steel flat rolled product market experience growing demand
overtime. Emerging economies such as China, India and South Korea
have witnessed significant economic growth rate and that high growth
rate is translated into infrastructural development.
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Market Research Report @
With
the growing base of infrastructure, demand for steel flat rolled
products is likely to increase overtime. Industrialization based
economic growth has been a growth strategy for many economies
including advanced and emerging economies. Higher concentration of
industries in these economies spur the demand for steel flat rolled
products thus projecting higher growth trajectory for this market.
Real estate industry is a booming sector in these economies and use
of steel flat rolled products in residential and non-residential
buildings accelerate the growth prospect of this market during the
forecast period.
Steel
is an expensive material and this factor limits its uses. Hence,
contractors switch their preference from steel flat rolled products
to other type of products. Moreover, when steel is exposed to
environment, this can lead to corrosion and that adversely impacts
the life time of these steel products. These factors limit the use of
steel in construction industry thus hindering the market prospect of
this products in coming years.
With
the rising vehicular population, market for steel flat rolled
products is expected to witness growing market share overtime. Coated
steel have increasing application for making the structural parts of
cars and these type of products primarily serves the purpose of
corrosion resistance. Cold rolled coils have extensive application in
car body parts and in these cases corrosion resistance is not primary
objective; rather maintaining certain level of strength to weight
ratio is the prerequisite. Hence, cold-rolled steel have their
maximum application in seat belt components and auto transmission
components. Hence, growing market share of automotive industry in
advanced and emerging economies is triggering the growth prospect of
steel flat rolled products market during the forecast period.
Steel
flat rolled products market is segmented on the basis of end users
industry and the segments are construction, infrastructure and
transport, consumer goods, packaging, automobile and defense.
Construction segment held the largest market share in recent days.
Steel flat rolled products are generally used in residential and
commercial buildings as roofing, walling and ceiling materials. With
the rising manufacturing of residential and non-residential
buildings, market for steel flat rolled products is expected to
follow steep growth rate during the forecast period.
On
the basis of geographic locations, global steel flat rolled products
market is segmented into five regions such as North America, Europe,
Asia Pacific, Middle East and Africa (MEA) and Latin America. North
America and Europe held considerable market share in steel flat
rolled product market as these regions have higher concentration of
industries including real estate sector. Key automobile manufactures
belong to these regions thus increasing the use of steel products as
auto parts. However, Asia Pacific is the fastest growing segment as
this region consists of emerging economies such as China, India which
have their increasing share on construction, renewable energy sources
and automotive sectors.
Get
accurate market forecast and analysis on the Steel Flat Rolled
Products market. Request a sample to stay abreast on the key trends
impacting this market@
Some
of the key market players are POSCO, United States Steel,
ArcelorMittal, JFE Steel, Shanghai Baosteel Group and others.
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)
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.
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Us
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