Market Overview:
Interstitial free sheet steel is a type of steel that has been processed to remove the small pockets of air or gas that are trapped between the individual iron ore pellets. This results in a product with a more consistent density, which in turn leads to improved mechanical properties and reduced manufacturing costs. The global interstitial free sheet steel market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. Some of the key factors driving this market include growing demand for lightweight vehicles, increasing penetration of advanced materials in automotive applications, and rising demand from emerging economies.
Product Definition:
Interstitial free sheet steel is a type of stainless steel that has been specifically designed to eliminate the formation of interstitials. Interstitials are tiny, hard, crystalline particles that can form between the grains of metal during manufacturing or use. They can cause problems with corrosion and mechanical properties, so eliminating their formation is important for producing high-quality stainless steel products.
Hot Rolled:
Hot rolled steel sheets are produced by heating steel above the recrystallization temperature of the metal. The process gives a higher yield and reduces processing time. It also helps in producing thinner sheets with less wastage, which is highly preferable for applications such as roofing where weight is an important factor.
The global hot rolled interstitial free sheet (HRSIFS) market was valued at USD 856 million in 2016.
Cold Rolled:
Cold rolled sheet steel is a thin gauge metal that has been processed to remove the majority of the carbon and iron from its surface. The remaining impurities during cold rolling help in improving the mechanical properties of steel such as ductility, yield strength, hardness, and corrosion resistance.
Application Insights:
The automotive application segment accounted for a volume share of over 30% in 2017. The product is widely used in the automotive industry owing to its ability to withstand high heat and corrosion resistance. In addition, it has excellent mechanical properties which make it suitable for use as interstitial free sheet steel in various applications including body structure, hoods and decklids, fuel tanks and sills, doors panels/frames/hubs/handles etc. Other major applications include audio equipment where the product is used for manufacturing speakers cabinets & sub-woofer systems among others.
Interstitial free sheet steel finds application across various industries including oil & gas processing plants where they are utilized to manufacture process equipment such as heat exchangers, reactors vessels among others that operate at elevated temperatures ranging between 300°C - 1000°C (572°F - 1832°F).
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing automotive production in countries such as India, Indonesia, Thailand, and China. In addition, rising construction spending on residential buildings by foreign investors is anticipated to fuel product demand in this region.
The European market was valued at USD X million in 2017 owing to high demand from key application industries coupled with stringent regulations regarding vehicle safety standards. Europe has been a leading producer of automobiles since World War II and it held more than 20% of global automobile manufacturing capacity at one point of time which has made it an attractive regional market for interstitial free sheet steel producers over the past few years. However, sluggish growth rate observed for several major economies including Germany; Italy; Spain; France; UK & Ireland may hamper industry expansion prospects over the next eight years from 2018 to 2030 (forecast).
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for lightweight and high-strength steel in automotive sector
- Growing popularity of interstitial free steel in the aerospace industry
- Rising consumption of IFSS in electrical equipment and appliances sector
- Technological advancements that are making IFSS more efficient and durable
Scope Of The Report
Report Attributes
Report Details
Report Title
Interstitial Free Sheet Steel Market Research Report
By Type
Hot Rolled, Cold Rolled
By Application
Automotive, Audio Equipment, Engine Seat, Other
By Companies
Nippon Steel & Sumitomo Metal, POSCO, ArcelorMittal, Baosteel Group, ThyssenKrupp, JFE, Nucor Corporation, United States Steel Corporation, Gerdau, Hyundai 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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Interstitial Free Sheet Steel Market Report Segments:
The global Interstitial Free Sheet Steel market is segmented on the basis of:
Types
Hot Rolled, Cold Rolled
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, Audio Equipment, Engine Seat, 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:
- Nippon Steel & Sumitomo Metal
- POSCO
- ArcelorMittal
- Baosteel Group
- ThyssenKrupp
- JFE
- Nucor Corporation
- United States Steel Corporation
- Gerdau
- Hyundai Steel
Highlights of The Interstitial Free Sheet 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:
- Hot Rolled
- Cold Rolled
- By Application:
- Automotive
- Audio Equipment
- Engine Seat
- 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 Interstitial Free Sheet 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?
Interstitial free sheet steel is a type of steel that does not contain any iron or other alloy in the metal matrix. This type of steel is often used for products that require a high level of corrosion resistance, such as pipelines and tanks.
Some of the major players in the interstitial free sheet steel market are Nippon Steel & Sumitomo Metal, POSCO, ArcelorMittal, Baosteel Group, ThyssenKrupp, JFE, Nucor Corporation, United States Steel Corporation, Gerdau, Hyundai Steel.
The interstitial free sheet 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 Interstitial Free Sheet 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 Interstitial Free Sheet Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Interstitial Free Sheet 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 Interstitial Free Sheet 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 Interstitial Free Sheet Steel Market Size & Forecast, 2020-2028
4.5.1 Interstitial Free Sheet Steel Market Size and Y-o-Y Growth
4.5.2 Interstitial Free Sheet 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 Hot Rolled
5.2.2 Cold Rolled
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 Automotive
6.2.2 Audio Equipment
6.2.3 Engine Seat
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Interstitial Free Sheet 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 Interstitial Free Sheet 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 Hot Rolled
9.6.2 Cold Rolled
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 Automotive
9.10.2 Audio Equipment
9.10.3 Engine Seat
9.10.4 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 Hot Rolled
10.6.2 Cold Rolled
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 Automotive
10.10.2 Audio Equipment
10.10.3 Engine Seat
10.10.4 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 Hot Rolled
11.6.2 Cold Rolled
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 Automotive
11.10.2 Audio Equipment
11.10.3 Engine Seat
11.10.4 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 Hot Rolled
12.6.2 Cold Rolled
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 Automotive
12.10.2 Audio Equipment
12.10.3 Engine Seat
12.10.4 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 Hot Rolled
13.6.2 Cold Rolled
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 Automotive
13.10.2 Audio Equipment
13.10.3 Engine Seat
13.10.4 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 Interstitial Free Sheet Steel Market: Competitive Dashboard
14.2 Global Interstitial Free Sheet Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Steel & Sumitomo Metal
14.3.2 POSCO
14.3.3 ArcelorMittal
14.3.4 Baosteel Group
14.3.5 ThyssenKrupp
14.3.6 JFE
14.3.7 Nucor Corporation
14.3.8 United States Steel Corporation
14.3.9 Gerdau
14.3.10 Hyundai Steel
