Market Overview:
The global hot rolled steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and construction activities across the globe. Additionally, rising investments in infrastructure development projects are also expected to fuel the demand for hot rolled steel products over the forecast period. On basis of type, steel plate is projected to be one of fastest growing segments in global hot rolled steel market during forecast period. Steel plates are extensively used in automotive and construction industries owing to their high strength-to-weight ratio and corrosion resistance properties. Furthermore, increasing use of advanced steels such as high-strength low alloy (HSLA) steels is also anticipated to boost demand for steel plates over next decade. Based on application, automotive segment is projected account for largest share in global Hot Rolled Steel Market by 2030 end followed by construction segment . Rapid growth witnessed automobile industry worldwide along with stringent emission norms being implemented by various governments are key factors driving growth of this segment over next decade . Regionally, Asia Pacific accounted for majority share (~40%)in Global Hot Rolled Steel Market revenue 2017and it is anticipated that this region will maintain its dominance throughout forecast period .
Product Definition:
Hot Rolled Steel is a type of steel that is processed at high temperatures, making it easier to form and shape. It is important for many industrial and construction applications because it is strong and durable.
Steel Plate:
Steel plate is a structural component made from steel. It has a wide range of applications in buildings, automobiles, machinery and equipment, appliances and tools. The global hot rolled steel market size was valued at USD 587 billion in 2016 which is expected to grow at an estimated CAGR of XX% over the forecast period on account of increasing demand for construction materials especially from the emerging economies including China and India due to rapid urbanization along with growing infrastructure activities.
Steel Coil:
Steel coils are used in the manufacturing of hot-rolled steel products. Hot rolled steel is produced by heating steel above the recrystallization temperature of the metal; thus, allowing it to flow into a shape desired by the manufacturer. Steel coils are wound around a mandrel and then sent for processing.
Application Insights:
The automotive application segment led the global hot rolled steel market in 2017 accounting for a revenue share of over 40%. The segment is projected to witness significant growth on account of increasing demand for vehicles, particularly in Asia Pacific and Middle East. In addition, favorable government policies and tax rebates offered on the purchase of electric vehicles are expected to drive the demand further.
Hot rolled steel sheets are used in various components including body structure & panels, hoods & roofs, power trains (transmission boxes), underbody space frame rails & cross-car beams as well as exterior parts such as doorsills, handles and mirrors among others. The construction industry is one of the largest consumers owing to its rising need for infrastructure development across the globe. Rapid urbanization along with an increase in population has resulted in an increased requirement for housing units which will stimulate industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global hot rolled steel market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are projected to grow at a rapid pace over the coming years owing to their abundant natural resources as well as low labor costs. This has resulted in increased investments from various industrial sectors such as manufacturing, construction and others for expanding their businesses within Asia Pacific region.
The demand for hot-rolled steel plate in Europe was valued at USD X million in 2017 on account of growing end-use industries coupled with increasing infrastructure activities across major economies such as Germany and France.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in manufacturing processes of hot rolled steel products
- Stringent environmental regulations for production of steel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Rolled Steel Market Research Report
By Type
Steel Plate, Steel Coil
By Application
Automotive, Construction, Steel Pipe, Shipping, Machinery & Equipment, Industrial, Others
By Companies
POSCO, BAOSTEEL GROUP, ArcelorMittal, Tata Steel, Mid City Steel, New Zealand Steel, Alliance Steel, JFE Steel, Grand Stee, AK Steel, POSCO, Hyundai Steel, MidWest Materials, Leeco Steel, Cascade Steel, Rizhao Steel, Shagang Group, Shandong Steel
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Hot Rolled Steel Market Report Segments:
The global Hot Rolled Steel market is segmented on the basis of:
Types
Steel Plate, Steel Coil
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
Automotive, Construction, Steel Pipe, Shipping, Machinery & Equipment, Industrial, Others
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:
- POSCO
- BAOSTEEL GROUP
- ArcelorMittal
- Tata Steel
- Mid City Steel
- New Zealand Steel
- Alliance Steel
- JFE Steel
- Grand Stee
- AK Steel
- POSCO
- Hyundai Steel
- MidWest Materials
- Leeco Steel
- Cascade Steel
- Rizhao Steel
- Shagang Group
- Shandong Steel
Highlights of The Hot Rolled 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:
- Steel Plate
- Steel Coil
- By Application:
- Automotive
- Construction
- Steel Pipe
- Shipping
- Machinery & Equipment
- Industrial
- Others
- 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 Hot Rolled 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?
Hot rolled steel is a type of steel that has been heated to a high temperature and then rolled into thin sheets. This process makes the steel more flexible and less brittle, which makes it easier to work with.
Some of the major companies in the hot rolled steel market are POSCO, BAOSTEEL GROUP, ArcelorMittal, Tata Steel, Mid City Steel, New Zealand Steel, Alliance Steel, JFE Steel, Grand Stee, AK Steel, POSCO, Hyundai Steel, MidWest Materials, Leeco Steel, Cascade Steel, Rizhao Steel, Shagang Group, Shandong Steel.
The hot rolled steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Rolled 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 Hot Rolled Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Rolled 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 Hot Rolled 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 Hot Rolled Steel Market Size & Forecast, 2018-2028
4.5.1 Hot Rolled Steel Market Size and Y-o-Y Growth
4.5.2 Hot Rolled Steel Market Absolute $ Opportunity
Chapter 5 Global Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Type
5.2.1 Steel Plate
5.2.2 Steel Coil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Construction
6.2.3 Steel Pipe
6.2.4 Shipping
6.2.5 Machinery & Equipment
6.2.6 Industrial
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Rolled 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 Hot Rolled 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 Hot Rolled Steel Analysis and Forecast
9.1 Introduction
9.2 North America Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Type
9.6.1 Steel Plate
9.6.2 Steel Coil
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 Hot Rolled Steel Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Construction
9.10.3 Steel Pipe
9.10.4 Shipping
9.10.5 Machinery & Equipment
9.10.6 Industrial
9.10.7 Others
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 Hot Rolled Steel Analysis and Forecast
10.1 Introduction
10.2 Europe Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Type
10.6.1 Steel Plate
10.6.2 Steel Coil
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 Hot Rolled Steel Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Construction
10.10.3 Steel Pipe
10.10.4 Shipping
10.10.5 Machinery & Equipment
10.10.6 Industrial
10.10.7 Others
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 Hot Rolled Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Type
11.6.1 Steel Plate
11.6.2 Steel Coil
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 Hot Rolled Steel Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Construction
11.10.3 Steel Pipe
11.10.4 Shipping
11.10.5 Machinery & Equipment
11.10.6 Industrial
11.10.7 Others
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 Hot Rolled Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America Hot Rolled Steel 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 Hot Rolled Steel Market Size Forecast by Type
12.6.1 Steel Plate
12.6.2 Steel Coil
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 Hot Rolled Steel Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Construction
12.10.3 Steel Pipe
12.10.4 Shipping
12.10.5 Machinery & Equipment
12.10.6 Industrial
12.10.7 Others
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) Hot Rolled Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hot Rolled Steel 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) Hot Rolled Steel Market Size Forecast by Type
13.6.1 Steel Plate
13.6.2 Steel Coil
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) Hot Rolled Steel Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Construction
13.10.3 Steel Pipe
13.10.4 Shipping
13.10.5 Machinery & Equipment
13.10.6 Industrial
13.10.7 Others
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 Hot Rolled Steel Market: Competitive Dashboard
14.2 Global Hot Rolled Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 POSCO
14.3.2 BAOSTEEL GROUP
14.3.3 ArcelorMittal
14.3.4 Tata Steel
14.3.5 Mid City Steel
14.3.6 New Zealand Steel
14.3.7 Alliance Steel
14.3.8 JFE Steel
14.3.9 Grand Stee
14.3.10 AK Steel
14.3.11 POSCO
14.3.12 Hyundai Steel
14.3.13 MidWest Materials
14.3.14 Leeco Steel
14.3.15 Cascade Steel
14.3.16 Rizhao Steel
14.3.17 Shagang Group
14.3.18 Shandong Steel
