Market Overview:
The global steel AST market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for steel AST in oil & gas, chemical industry, water & wastewater and other applications. Steel AST are classified into hazardous for flammable liquids, non-hazardous content and hazardous for other materials based on their chemical composition. Hazardous for flammable liquids segment dominates the global steel AST market with a share of more than 60%. Asia Pacific is the fastest growing region in the global steel AST market due to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
Steel AST is an alloy of carbon and iron that is widely used in construction, engineering, and manufacturing. It has many desirable properties, including high strength, low weight, and corrosion resistance.
Hazardous for flammable liquids:
The global steel AST market is expected to grow at a CAGR of XX% from 2018 to 2025. Steel AST is used for testing the quality and purity of metals & alloys, determining their composition, analyzing the properties and analyzing the hazards associated with flammable liquids.
Non-hazardous content:
Non-hazardous content is the part of steel that remains after removing all harmful materials such as sulfur, phosphorus, alloy and other metals. It is used in various applications including automotive industry for manufacturing cars and trucks. The global non-hazardous AST market size was valued at USD 1.8 billion in 2016 and it is expected to grow at a CAGR of XX% from 2017 to 2025.
Application Insights:
The oil & gas segment dominated the global steel AST market in 2017, accounting for a revenue share of over 40%. The segment is expected to retain its dominant position throughout the forecast period due to rising demand from petrochemical industry and energy sector. In addition, increasing investments by companies operating in upstream oil & gas sector on account of growing need for exploration activities are also expected to drive the product demand over the next seven years.
Increasing use of steel as an essential material in chemical industry owing to properties such as strength and corrosion resistance is anticipated fuel market growth during the forecast period. Steel structures and components play a significant role in various applications including storage tanks, piping systems, process equipment etc., which are used across several end-use industries including chemicals, food processing plants etc.
Regional Analysis:
Asia Pacific dominated the global steel AST market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries, such as oil & gas, construction, automotive and others. In addition, rising investments by various companies for expanding their production capacities are anticipated to drive industry growth over the next eight years.
The Asia Pacific was followed by Europe in terms of volume consumed globally with a share of 23% in 2017 on account of high demand from chemical industry coupled with growing oil & gas sector mainly due to increased exploration activities across countries like Russia and Norway which resulted into an increase in consumption volumes.
North America emerged as a significant consumer owing to increasing use across several applications including construction materials along with growing automotive production especially after 2020 when U.S.
Growth Factors:
- Growing demand from the construction and automotive industries
- Increasing use of steel in renewable energy projects
- Rising demand for lightweight and high-strength steel alloys
- Proliferation of electric vehicles and growth in the automotive sector
- Stringent government regulations to promote use of steel in various applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel AST Market Research Report
By Type
Hazardous for flammable liquids, Non-hazardous content, Hazardous for other materials
By Application
Oil & Gas, Chemical Industry, Water & Wastewater, Others
By Companies
CST Industries, McDermott, CIMC, Toyo Kanetsu, ISHII IRON WORKS, PermianLide, Altard, Fox Tank, Polymaster, Highland Tank, General Industries, Pfaudler, MEKRO, Tank Connection
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Steel AST Market Report Segments:
The global Steel AST market is segmented on the basis of:
Types
Hazardous for flammable liquids, Non-hazardous content, Hazardous for other materials
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
Oil & Gas, Chemical Industry, Water & Wastewater, 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:
- CST Industries
- McDermott
- CIMC
- Toyo Kanetsu
- ISHII IRON WORKS
- PermianLide
- Altard
- Fox Tank
- Polymaster
- Highland Tank
- General Industries
- Pfaudler
- MEKRO
- Tank Connection
Highlights of The Steel AST 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:
- Hazardous for flammable liquids
- Non-hazardous content
- Hazardous for other materials
- By Application:
- Oil & Gas
- Chemical Industry
- Water & Wastewater
- 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 Steel AST 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?
Steel AST is a steel inspection and testing program that was created by the American Society for Testing and Materials (ASTM). Steel AST is designed to provide a uniform method for evaluating the quality of steel products. The program includes tests for various aspects of steel quality, including strength, toughness, corrosion resistance, and malleability.
Some of the major companies in the steel ast market are CST Industries, McDermott, CIMC, Toyo Kanetsu, ISHII IRON WORKS, PermianLide, Altard, Fox Tank, Polymaster, Highland Tank, General Industries, Pfaudler, MEKRO, Tank Connection.
The steel ast 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 Steel AST 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 Steel AST Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel AST 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 Steel AST 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 Steel AST Market Size & Forecast, 2018-2028
4.5.1 Steel AST Market Size and Y-o-Y Growth
4.5.2 Steel AST Market Absolute $ Opportunity
Chapter 5 Global Steel AST 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 Steel AST Market Size Forecast by Type
5.2.1 Hazardous for flammable liquids
5.2.2 Non-hazardous content
5.2.3 Hazardous for other materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Steel AST 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 Steel AST Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical Industry
6.2.3 Water & Wastewater
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel AST 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 Steel AST 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 Steel AST Analysis and Forecast
9.1 Introduction
9.2 North America Steel AST 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 Steel AST Market Size Forecast by Type
9.6.1 Hazardous for flammable liquids
9.6.2 Non-hazardous content
9.6.3 Hazardous for other materials
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 Steel AST Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical Industry
9.10.3 Water & Wastewater
9.10.4 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 Steel AST Analysis and Forecast
10.1 Introduction
10.2 Europe Steel AST 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 Steel AST Market Size Forecast by Type
10.6.1 Hazardous for flammable liquids
10.6.2 Non-hazardous content
10.6.3 Hazardous for other materials
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 Steel AST Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical Industry
10.10.3 Water & Wastewater
10.10.4 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 Steel AST Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Steel AST 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 Steel AST Market Size Forecast by Type
11.6.1 Hazardous for flammable liquids
11.6.2 Non-hazardous content
11.6.3 Hazardous for other materials
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 Steel AST Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical Industry
11.10.3 Water & Wastewater
11.10.4 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 Steel AST Analysis and Forecast
12.1 Introduction
12.2 Latin America Steel AST 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 Steel AST Market Size Forecast by Type
12.6.1 Hazardous for flammable liquids
12.6.2 Non-hazardous content
12.6.3 Hazardous for other materials
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 Steel AST Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical Industry
12.10.3 Water & Wastewater
12.10.4 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) Steel AST Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Steel AST 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) Steel AST Market Size Forecast by Type
13.6.1 Hazardous for flammable liquids
13.6.2 Non-hazardous content
13.6.3 Hazardous for other materials
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) Steel AST Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical Industry
13.10.3 Water & Wastewater
13.10.4 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 Steel AST Market: Competitive Dashboard
14.2 Global Steel AST Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CST Industries
14.3.2 McDermott
14.3.3 CIMC
14.3.4 Toyo Kanetsu
14.3.5 ISHII IRON WORKS
14.3.6 PermianLide
14.3.7 Altard
14.3.8 Fox Tank
14.3.9 Polymaster
14.3.10 Highland Tank
14.3.11 General Industries
14.3.12 Pfaudler
14.3.13 MEKRO
14.3.14 Tank Connection
