The latest report on Flat Carbon Steel Market by Infinium Global Research gives complete coverage of the Flat Carbon Steel Market by product (hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted steel coils), application (building & infrastructure, transportation, energy, mechanical equipment manufacturing, and others) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Flat Carbon Steel such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Rising Demand for Steel From the Construction and Automotive Industry Acts as a Major Driver for the Growth of the Flat Carbon Steel Industry
Flat carbon steel is a type of steel that contains a low amount of carbon. Typically flat carbon steel contains 0.04% to 0.30% carbon content. This is one of the largest groups of carbon steel and it covers a great diversity of shapes. It is both malleable and ductile, has a comparatively low tensile strength, and the hardness of the metal’s surface can be improved by carburizing, a heat treatment process. It is easier to cold-form and handle than other grades.
The rising demand for steel from the construction and automotive industry acts as a major driver for the growth of the flat carbon steel market. Flat carbon steel is made into flat-rolled sheets and strips, used for shipbuilding, wire, vehicle bodies, and domestic appliances. Flat carbon steel is gaining presence in the automotive industry owing to the growing use of lightweight materials in automotive design. In addition, the expanding infrastructure development in the emerging economies contributes heavily to the growth of flat carbon steel market.
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Growth of Flat Carbon Steel Industry
The physical properties of flat carbon steel such as excellent strength and toughness make them useful in a large number of applications. As flat carbon steel is resistant to corrosion and abrasion, it is used in enclosures for the car park and airport buildings, the cladding of refurbished tunnels, railway bridge structures and in electric light poles. Furthermore, the rising maintenance and refurbishment activities in the developed nations propel the growth of flat carbon steel market. Moreover, the growing investments in infrastructural development and the rapid industrialization create opportunities for the growth of flat carbon steel market.
Geographically, Asia Pacific dominates the flat carbon steel market. The rapid industrialization and the growth of automotive and construction industry are anticipated to drive the growth of flat carbon steel market in the Asia Pacific region. In addition, rising infrastructural development due to rising population and urbanization in India and China fuels the growth of flat carbon steel market. Europe holds the second largest market share in the flat carbon steel owing to the growth of the automotive industry in this region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Flat Carbon Steel.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.