Market Overview:
The global steel ingot 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 steel ingots from various end-use industries, such as infrastructure, power sectors, transportation, and industrial segments. In terms of type, stainless steel ingots are expected to witness higher growth as compared to mild steel ingots during the forecast period. Asia Pacific is estimated to be the fastest-growing region in terms of revenue due to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
A steel ingot is an alloy of iron and carbon that is cast into a shape suitable for further processing. Steel ingots are made by combining wrought iron with scrap metal in a furnace, then pouring the mixture into molds called pigs and hogs.
Stainless Steel Ingot:
Stainless steel ingot is a form of cast iron which is made from pig iron and carbon. It consists of metal particles that are larger than those in regular pig iron but smaller than those in carbide. The metal particles are packed together into a homogenous mass, which has properties similar to that of steel.
Mild Steel Ingot:
Mild steel ingot is a type of steel that contains less than 0.25% carbon content by weight. It is also known as basic or crude steel and has no other alloying elements besides iron, which makes it suitable for producing various products such as beams, angles, sections, etc.
Application Insights:
The application sectors analyzed in the study include infrastructure, power sectors, transportation and industrial. The steel ingot used in infrastructure applications accounted for a volume share of over 40% in 2017. This is attributed to its properties such as high strength-to-weight ratio and durability that make it suitable for use in bridges, buildings and other structures.
The demand from the automotive industry is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to increasing production volumes of vehicles including sports cars, luxury cars and commercial vehicles among others across the globe especially China India & Brazil which are major consumers of this product category.
Regional Analysis:
Asia Pacific dominated the global steel ingot 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 Malaysia. These countries are projected to witness strong economic growth over the coming years on account of increasing industrial activities as well as infrastructure development in line with rising population.
China accounted for a major share of global production owing to large-scale investments made by domestic producers along with those from Chinese government for capacity expansion coupled with new product launches at millsites across various parts of China. In addition, favorable policies introduced by Chinese government such as “Made in China†initiative are likely to boost demand for steel ingots from various end-use industries over the coming years.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing use of steel in renewable energy projects
- Rising disposable income in developing countries
- Technological advancements that improve the quality and efficiency of steel production processes
- Stringent government regulations for using high-quality steel in infrastructure and construction projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Ingot Market Research Report
By Type
Stainless Steel Ingot, Mild Steel Ingot
By Application
Infrastructure, Power Sectors, Transportation, Industrial, Others
By Companies
ArcelorMittal, China Baowu Group, HBIS Group, NSSMC Group, POSCO, Shagang Group, Ansteel Group, JFE Steel Corporation, Shougang Group, Tata Steel Group, ArcelorMittal, Nucor Corporation, Hyundai Steel Company, Maanshan Steel, thyssenkrupp, NLMK, Jianlong Group, Gerdau, China Steel Corporation, Valin Group, JSW Steel Limited, Benxi 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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Steel Ingot Market Report Segments:
The global Steel Ingot market is segmented on the basis of:
Types
Stainless Steel Ingot, Mild Steel Ingot
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
Infrastructure, Power Sectors, Transportation, 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:
- ArcelorMittal
- China Baowu Group
- HBIS Group
- NSSMC Group
- POSCO
- Shagang Group
- Ansteel Group
- JFE Steel Corporation
- Shougang Group
- Tata Steel Group
- ArcelorMittal
- Nucor Corporation
- Hyundai Steel Company
- Maanshan Steel
- thyssenkrupp
- NLMK
- Jianlong Group
- Gerdau
- China Steel Corporation
- Valin Group
- JSW Steel Limited
- Benxi Steel
Highlights of The Steel Ingot 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:
- Stainless Steel Ingot
- Mild Steel Ingot
- By Application:
- Infrastructure
- Power Sectors
- Transportation
- 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 Steel Ingot 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
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- Product & Brand Management
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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?
A steel ingot is a metal bar that has been shaped into a specific shape, such as an oval or rectangular block.
Some of the key players operating in the steel ingot market are ArcelorMittal, China Baowu Group, HBIS Group, NSSMC Group, POSCO, Shagang Group, Ansteel Group, JFE Steel Corporation, Shougang Group, Tata Steel Group, ArcelorMittal, Nucor Corporation, Hyundai Steel Company, Maanshan Steel, thyssenkrupp, NLMK, Jianlong Group, Gerdau, China Steel Corporation, Valin Group, JSW Steel Limited, Benxi Steel.
The steel ingot 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 Steel Ingot 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 Ingot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Ingot 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 Ingot 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 Ingot Market Size & Forecast, 2020-2028
4.5.1 Steel Ingot Market Size and Y-o-Y Growth
4.5.2 Steel Ingot 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 Stainless Steel Ingot
5.2.2 Mild Steel Ingot
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 Infrastructure
6.2.2 Power Sectors
6.2.3 Transportation
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Ingot 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 Ingot 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 Stainless Steel Ingot
9.6.2 Mild Steel Ingot
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 Infrastructure
9.10.2 Power Sectors
9.10.3 Transportation
9.10.4 Industrial
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 Stainless Steel Ingot
10.6.2 Mild Steel Ingot
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 Infrastructure
10.10.2 Power Sectors
10.10.3 Transportation
10.10.4 Industrial
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 Stainless Steel Ingot
11.6.2 Mild Steel Ingot
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 Infrastructure
11.10.2 Power Sectors
11.10.3 Transportation
11.10.4 Industrial
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 Stainless Steel Ingot
12.6.2 Mild Steel Ingot
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 Infrastructure
12.10.2 Power Sectors
12.10.3 Transportation
12.10.4 Industrial
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 Stainless Steel Ingot
13.6.2 Mild Steel Ingot
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 Infrastructure
13.10.2 Power Sectors
13.10.3 Transportation
13.10.4 Industrial
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 Steel Ingot Market: Competitive Dashboard
14.2 Global Steel Ingot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 China Baowu Group
14.3.3 HBIS Group
14.3.4 NSSMC Group
14.3.5 POSCO
14.3.6 Shagang Group
14.3.7 Ansteel Group
14.3.8 JFE Steel Corporation
14.3.9 Shougang Group
14.3.10 Tata Steel Group
14.3.11 ArcelorMittal
14.3.12 Nucor Corporation
14.3.13 Hyundai Steel Company
14.3.14 Maanshan Steel
14.3.15 thyssenkrupp
14.3.16 NLMK
14.3.17 Jianlong Group
14.3.18 Gerdau
14.3.19 China Steel Corporation
14.3.20 Valin Group
14.3.21 JSW Steel Limited
14.3.22 Benxi Steel
