Market Overview:
The global hot strip mill (HSM) 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 motors, and the growing chemical industrial sector. Additionally, the increasing demand for ships from emerging economies is also contributing to the growth of this market. Asia Pacific is expected to be a key region for growth in this market during the forecast period, followed by Europe and North America. Latin America and Middle East & Africa are also expected to experience moderate growth in this market during the forecast period.
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Product Definition:
A hot strip mill (HSM) is a large rolling mill used to produce wide, thin sheets of metal, most typically steel. The hot strip mill is so called because it operates at high temperatures, typically in the range of 1,500 to 1,800 degrees Celsius (2,700 to 3,270 degrees Fahrenheit).
Continuous:
Continuous is a device used in the HSM industry to increase the throughput of a single-stage or two-stage continuous mill. It consists of an auger, which is driven by a motor and mounted on the spindle. The auger feeds continuously into the material to be ground and mixed with it rotates at high speed, thereby reducing wear and tear on various components such as bearings, gears & shafts due to less friction.
Semi-Continuous:
Semi-Continuous is a type of grinding equipment used to grind numerous materials such as cereals, cement, and rice. The product has the ability to perform intermittent operations (rapid start/stop) which helps in achieving high operational efficiency.
The HSM market is expected to witness significant growth over the forecast period owing to increasing demand for semi-continuous mills from end users due to their low capital investment and operating cost compared with continuous mills.
Application Insights:
The other application segment includes food and beverage, pulp and paper, cosmetics, paints and coatings, pharmaceuticals. The demand for the product in this segment is expected to grow at a significant rate owing to its ability to reduce metal contamination during processing. In addition hot strip mills are used in various industries including automotive (HSM Continuous), chemical industrial (HSM Semi-Continuous), shipbuilding (HSM Continuous) among others.
Automotive was the largest application of HSM with over 35% of total market volume in 2017. Automobile production has been growing steadily since past few years especially after 2008 global financial crisis when many automobile manufacturers were revived from ashes by government funding schemes like bail out loans provided by banks under guarantee of governments or auto companies themselves.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key automotive manufacturers, such as Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation; Hyundai Heavy Industries Co.; and Tata Motors Limited; among others is anticipated to drive demand for hot strip milling machines in this region. Asia Pacific has witnessed a significant rise in demand for HSM owing to increasing production of motor vehicles on account of rising population and consumer base.
Europe accounted for over 20% share of global revenue in 2017 owing to high product adoption by chemical industries due to increased requirement from major end-use markets including paints & coatings, pharmaceuticals, cosmetics & personal care products among others. Europe also accounts for a large share (over 30%)of shipbuilding production worldwide which will propel industry growth further during the forecast period.
Growth Factors:
- Increasing demand for steel from construction and automotive industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in the production of steel products
- Stringent government regulations for environmental protection
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Strip Mill (HSM) Market Research Report
By Type
Continuous, Semi-Continuous
By Application
Automobile, Motors, Chemical Industrial, Shipbuilding, Others
By Companies
SMS, Primetals Technologies, Danieli, Ingeteam
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Hot Strip Mill (HSM) Market Report Segments:
The global Hot Strip Mill (HSM) market is segmented on the basis of:
Types
Continuous, Semi-Continuous
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
Automobile, Motors, Chemical Industrial, Shipbuilding, 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:
- SMS
- Primetals Technologies
- Danieli
- Ingeteam
 Market Overview.svg)
Highlights of The Hot Strip Mill (HSM) 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:
- Continuous
- Semi-Continuous
- By Application:
- Automobile
- Motors
- Chemical Industrial
- Shipbuilding
- 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 Strip Mill (HSM) 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
 Market Statistics.svg)
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 Strip Mill (HSM) is a type of continuous mining machine that uses a rotating disc to remove the coal from the ground. The HSM is faster and more efficient than other types of mining machines, making it an ideal choice for mines with high production demands.
Some of the key players operating in the hot strip mill (hsm) market are SMS, Primetals Technologies, Danieli, Ingeteam.
The hot strip mill (hsm) 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 Hot Strip Mill (HSM) 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 Strip Mill (HSM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Strip Mill (HSM) 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 Strip Mill (HSM) 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 Strip Mill (HSM) Market Size & Forecast, 2020-2028
4.5.1 Hot Strip Mill (HSM) Market Size and Y-o-Y Growth
4.5.2 Hot Strip Mill (HSM) 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 Continuous
5.2.2 Semi-Continuous
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 Automobile
6.2.2 Motors
6.2.3 Chemical Industrial
6.2.4 Shipbuilding
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Strip Mill (HSM) 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 Strip Mill (HSM) 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 Continuous
9.6.2 Semi-Continuous
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 Automobile
9.10.2 Motors
9.10.3 Chemical Industrial
9.10.4 Shipbuilding
9.10.5 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 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 Continuous
10.6.2 Semi-Continuous
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 Automobile
10.10.2 Motors
10.10.3 Chemical Industrial
10.10.4 Shipbuilding
10.10.5 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 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 Continuous
11.6.2 Semi-Continuous
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 Automobile
11.10.2 Motors
11.10.3 Chemical Industrial
11.10.4 Shipbuilding
11.10.5 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 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 Continuous
12.6.2 Semi-Continuous
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 Automobile
12.10.2 Motors
12.10.3 Chemical Industrial
12.10.4 Shipbuilding
12.10.5 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) 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 Continuous
13.6.2 Semi-Continuous
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 Automobile
13.10.2 Motors
13.10.3 Chemical Industrial
13.10.4 Shipbuilding
13.10.5 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 Strip Mill (HSM) Market: Competitive Dashboard
14.2 Global Hot Strip Mill (HSM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMS
14.3.2 Primetals Technologies
14.3.3 Danieli
14.3.4 Ingeteam
