Market Overview:
The global crude steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for crude steel from the construction, automotive, aerospace & defense, and electricity sectors. In terms of type, fully deoxidized steel is expected to hold the largest share in the global crude steel market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and excellent weldability.
Product Definition:
Crude steel is a type of alloy that is composed of iron and other metals. It has a high carbon content and is not yet melted down into specific shapes or products. Crude steel is important because it can be melted down and formed into many different products, such as rods, bars, sheets, and tubes.
Fully Deoxidized Steel:
Fully deoxidized steel is a new term in the steel industry. It was introduced to distinguish a special type of steel that has been fully deoxidized or completely neutralized with respect to its chemical composition. Such kind of steels possess better mechanical properties and are free from internal corrosion, hence they are preferred for manufacturing various components used in construction, automotive and oil & gas industries.
Semi Deoxidized Steel:
Semi deoxidized steel is a type of crude steel which has been processed at low temperatures (around 0 to 200 degrees) and high pressure levels (above 20 kilopascals). Crude steel contains carbon, sulfur, and other impurities. These impurities have to be removed during the manufacturing process.
The most common method used for their removal is acid washing.
Application Insights:
The construction application segment led the global crude steel market in 2017 and is projected to witness significant growth over the forecast period. The segment will expand at a CAGR of XX% from 2018 to 2030 on account of increasing investments for infrastructure development in developing countries, such as China, India and Brazil.
In terms of volume, the automotive application segment accounted for 13% share in 2017 and is expected to witness significant growth over the forecast period owing to rising demand for passenger vehicles in various regions across the world including North America and Europe. Increasing sales volumes have boosted production capacities which has resulted into higher product consumption globally.
Regional Analysis:
Asia Pacific dominated the global crude steel market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction spending, which is likely to propel demand for construction materials including steel. China accounted for a major share in terms of production and consumption owing to its large-scale investments in infrastructure development activities.
The Asia Pacific was followed by North America, which accounted for around 20% of the total revenue share in 2017 on account of growing automobile production coupled with an increase in consumer disposable income levels across U.S., Canada, and Mexico. Europe also had a significant market share due to high demand from end-use industries such as automotive, construction, machinery etc., especially countries like Germany that are technologically advanced when compared with other European countries regarding crude steel usage rates since they have implemented stringent emission norms known as Euro 4 standard or even 5 standard under EU regulations from 2018 onward (for heavy commercial vehicles).
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for automobiles and consumer durables
- Growing use of steel in renewable energy sector
- Expansion of global manufacturing base
- Emergence of new markets in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Crude Steel Market Research Report
By Type
Fully Deoxidized Steel, Semi Deoxidized Steel, Not Deoxidized Steel
By Application
Construction, Automotive, Aerospace & Defense, Electricity, Other
By Companies
Arcelor Mittal, POSCO, TATA Steel, Nippon Steel & Sumitomo Metal, Hyundai Steel, Arcelor Mittal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Crude Steel Market Report Segments:
The global Crude Steel market is segmented on the basis of:
Types
Fully Deoxidized Steel, Semi Deoxidized Steel, Not Deoxidized Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Automotive, Aerospace & Defense, Electricity, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arcelor Mittal
- POSCO
- TATA Steel
- Nippon Steel & Sumitomo Metal
- Hyundai Steel
- Arcelor Mittal
Highlights of The Crude Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Deoxidized Steel
- Semi Deoxidized Steel
- Not Deoxidized Steel
- By Application:
- Construction
- Automotive
- Aerospace & Defense
- Electricity
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crude Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crude steel is a type of steel that has not been refined. It is made from iron and other metals that have been crushed together to make a metal powder.
Some of the key players operating in the crude steel market are Arcelor Mittal, POSCO, TATA Steel, Nippon Steel & Sumitomo Metal, Hyundai Steel, Arcelor Mittal.
The crude steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crude Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crude Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crude Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crude Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crude Steel Market Size & Forecast, 2020-2028
4.5.1 Crude Steel Market Size and Y-o-Y Growth
4.5.2 Crude Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fully Deoxidized Steel
5.2.2 Semi Deoxidized Steel
5.2.3 Not Deoxidized Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Aerospace & Defense
6.2.4 Electricity
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crude Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crude Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fully Deoxidized Steel
9.6.2 Semi Deoxidized Steel
9.6.3 Not Deoxidized Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Aerospace & Defense
9.10.4 Electricity
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fully Deoxidized Steel
10.6.2 Semi Deoxidized Steel
10.6.3 Not Deoxidized Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Aerospace & Defense
10.10.4 Electricity
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fully Deoxidized Steel
11.6.2 Semi Deoxidized Steel
11.6.3 Not Deoxidized Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Aerospace & Defense
11.10.4 Electricity
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fully Deoxidized Steel
12.6.2 Semi Deoxidized Steel
12.6.3 Not Deoxidized Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Aerospace & Defense
12.10.4 Electricity
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fully Deoxidized Steel
13.6.2 Semi Deoxidized Steel
13.6.3 Not Deoxidized Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Aerospace & Defense
13.10.4 Electricity
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crude Steel Market: Competitive Dashboard
14.2 Global Crude Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcelor Mittal
14.3.2 POSCO
14.3.3 TATA Steel
14.3.4 Nippon Steel & Sumitomo Metal
14.3.5 Hyundai Steel
14.3.6 Arcelor Mittal
