Carbon Steel Market by End-user and Geography - Forecast and Analysis 2020-2024

Global Carbon Steel Market: About this market
The carbon steel market analysis considers sales from construction, shipbuilding, automotive, and other end-users. Our study also finds the sales of carbon steel s in APAC, Europe, MEA, North America, and South America. In 2019, the construction segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the development of high-rise buildings, tech parks, roads, highways, and other residential and commercial infrastructure will play a significant role in the construction segment to maintain its market position. Also, our global carbon steel market report looks at factors such as growing demand from the construction industry, increasing demand from the shipbuilding industry, and rising demand from the oil and gas industry. However, volatile prices of raw materials, the threat of substitutes, and stringent government regulations on reducing carbon emissions from steel production may hamper the growth of the carbon steel industry over the forecast period.

Global Carbon Steel Market: Overview

Growing demand from the construction industry
Carbon steel is durable, lightweight, and ductile, which makes it ideal for construction applications. Also, it is used as a primary raw material for the manufacture of structural frameworks, high-strength plates, rectangular tubing, and other construction components. Furthermore, with the construction of smart cities, tech parks, shopping malls, and other public infrastructures such as hospitals, auditoriums, and schools, the demand for high-strength and cost-effective construction materials such as carbon steel which will lead to the expansion of the global carbon steel market at a CAGR of almost 8% during the forecast period.

Increasing adoption of sustainable manufacturing practices
Steel production is an energy-intensive process and it releases substantial amounts of greenhouse gases. Therefore, major players are taking initiatives to reduce their carbon emissions and conserve energy during steel production. For instance, Nippon Steel is focusing on achieving a low-carbon footprint by dividing its energy conservation and CO2 emissions reduction plan into Action Plan phases. Several initiatives towards adopting sustainable manufacturing practices will increase the production of steel through eco-friendly means. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global carbon steel market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading carbon steel manufacturers, that include ArcelorMittal SA, Baoshan Iron & Steel Co. Ltd., Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel, Jindal Steel & Power Ltd., Nippon Steel Corp., POSCO, Tata Steel Ltd., and United States Steel Corp.

Also, the carbon steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2019
Market outlook
Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY END-USER

Market segmentation by end-user
Comparison by end-user
Construction - Market size and forecast 2019-2024
Shipbuilding - Market size and forecast 2019-2024
Automotive - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Increase in the adoption of sustainable manufacturing practices
Increasing technological developments in the global steel industry
Rise in the demand for carbon steel with increasing
wind power installations

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
ArcelorMittal SA
Baoshan Iron & Steel Co. Ltd.
Essar Steel India Ltd.
HBIS Group Co. Ltd.
Hyundai Steel
Jindal Steel & Power Ltd.
Nippon Steel Corp.
POSCO
Tata Steel Ltd.
United States Steel Corp.

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 01: Global steel market
Exhibit 02: Segments of global steel market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Vendors: Key product offerings
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 (MT)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: End-user - Market share 2019-2024 (%)
Exhibit 19: Comparison by end-user
Exhibit 20: Construction - Market size and forecast 2019-2024 (MT)
Exhibit 21: Construction - Year-over-year growth 2020-2024 (%)
Exhibit 22: Shipbuilding - Market size and forecast 2019-2024 (MT)
Exhibit 23: Shipbuilding - Year-over-year growth 2020-2024 (%)
Exhibit 24: Automotive - Market size and forecast 2019-2024 (MT)
Exhibit 25: Automotive - Year-over-year growth 2020-2024 (%)
Exhibit 26: Others - Market size and forecast 2019-2024 (MT)
Exhibit 27: Others - Year-over-year growth 2020-2024 (%)
Exhibit 28: Market opportunity by end-user
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2019-2024 (%)
Exhibit 31: Geographic comparison
Exhibit 32: APAC - Market size and forecast 2019-2024 (MT)
Exhibit 33: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 34: North America - Market size and forecast 2019-2024 (MT)
Exhibit 35: North America - Year-over-year growth 2020-2024 (%)
Exhibit 36: Europe - Market size and forecast 2019-2024 (MT)
Exhibit 37: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 38: South America - Market size and forecast 2019-2024 (MT)
Exhibit 39: South America - Year-over-year growth 2020-2024 (%)
Exhibit 40: MEA - Market size and forecast 2019-2024 (MT)
Exhibit 41: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 42: Key leading countries
Exhibit 43: Market opportunity
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: ArcelorMittal SA - Vendor overview
Exhibit 51: ArcelorMittal SA - Business segments
Exhibit 52: ArcelorMittal SA - Organizational developments
Exhibit 53: ArcelorMittal SA - Geographic focus
Exhibit 54: ArcelorMittal SA - Segment focus
Exhibit 55: ArcelorMittal SA - Key offerings
Exhibit 56: Baoshan Iron & Steel Co. Ltd. - Vendor overview
Exhibit 57: Baoshan Iron & Steel Co. Ltd. - Business segments
Exhibit 58: Baoshan Iron & Steel Co. Ltd. - Organizational developments
Exhibit 59: Baoshan Iron & Steel Co. Ltd. - Segment focus
Exhibit 60: Baoshan Iron & Steel Co. Ltd. - Key offerings
Exhibit 61: Essar Steel India Ltd. - Vendor overview
Exhibit 62: Essar Steel India Ltd. - Business segments
Exhibit 63: Essar Steel India Ltd. - Organizational developments
Exhibit 64: Essar Steel India Ltd. - Geographic focus
Exhibit 65: Essar Steel India Ltd. - Key offerings
Exhibit 66: HBIS Group Co. Ltd. - Vendor overview
Exhibit 67: HBIS Group Co. Ltd. - Business segments
Exhibit 68: HBIS Group Co. Ltd. - Organizational developments
Exhibit 69: HBIS Group Co. Ltd. - Key offerings
Exhibit 70: Hyundai Steel - Vendor overview
Exhibit 71: Hyundai Steel - Business segments
Exhibit 72: Hyundai Steel - Organizational developments
Exhibit 73: Hyundai Steel - Key offerings
Exhibit 74: Jindal Steel & Power Ltd. - Vendor overview
Exhibit 75: Jindal Steel & Power Ltd. - Business segments
Exhibit 76: Jindal Steel & Power Ltd. - Segment focus
Exhibit 77: Jindal Steel & Power Ltd. - Key offerings
Exhibit 78: Nippon Steel Corp. - Vendor overview
Exhibit 79: Nippon Steel Corp. - Business segments
Exhibit 80: Nippon Steel Corp. - Organizational developments
Exhibit 81: Nippon Steel Corp. - Geographic focus
Exhibit 82: Nippon Steel Corp. - Segment focus
Exhibit 83: Nippon Steel Corp. - Key offerings
Exhibit 84: POSCO - Vendor overview
Exhibit 85: POSCO - Business segments
Exhibit 86: POSCO - Organizational developments
Exhibit 87: POSCO - Geographic focus
Exhibit 88: POSCO - Segment focus
Exhibit 89: POSCO - Key offerings
Exhibit 90: Tata Steel Ltd. - Vendor overview
Exhibit 91: Tata Steel Ltd. - Business segments
Exhibit 92: Tata Steel Ltd. - Organizational developments
Exhibit 93: Tata Steel Ltd. - Segment focus
Exhibit 94: Tata Steel Ltd. - Key offerings
Exhibit 95: United States Steel Corp. - Vendor overview
Exhibit 96: United States Steel Corp. - Business segments
Exhibit 97: United States Steel Corp. - Organizational developments
Exhibit 98: United States Steel Corp. - Geographic focus
Exhibit 99: United States Steel Corp. - Segment focus
Exhibit 100: United States Steel Corp. - Key offerings
Exhibit 101: Validation techniques employed for market sizing
Exhibit 102: Definition of market positioning of vendors

Executive Summary

The following companies as the key players in the global carbon steel market: ArcelorMittal SA, Baoshan Iron & Steel Co. Ltd., Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel, Jindal Steel & Power Ltd., Nippon Steel Corp., POSCO, Tata Steel Ltd., and United States Steel Corp.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing adoption of sustainable manufacturing practices.”

According to the report, one of the major drivers for this market is the growing demand from the construction industry.

Further, the report states that one of the major factors hindering the growth of this market is the threat of substitutes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.