Market Overview:
The global steel processing 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 from various end-use industries, such as construction, automotive, transportation, energy and others. In terms of type, carbon steel is expected to dominate the global steel processing market during the forecast period owing to its low cost and high strength properties as compared to other types of steels. However, alloy steel is projected to grow at a higher CAGR than carbon steel over the forecast period due to its superior properties that make it suitable for use in critical applications such as aerospace and defense sectors.
Product Definition:
Steel processing is the series of industrial processes used to shape and finish steel into useful products. Steel is a metal alloy made of iron and carbon, usually with small amounts of other elements such as manganese, chromium, vanadium, and tungsten. The carbon content in steel determines its properties; the higher the carbon content, the harder and stronger the steel becomes.
Carbon Steel:
Carbon steel is a iron-carbon alloy and has been used in the making of steel since the beginning of recorded history. It possesses properties such as high tensile strength, good ductility, toughness when heated but can be easily tempered when cooled. Carbon steel is not magnetic and does not stain or scale when exposed to air like other steels.
Carbon Steel Processing Market Size & Trend Analysis By Application (Construction, Automotive), By Region (North America [U.S.
Alloy Steel:
Alloy steel is a combination of iron and other metals, which results in better strength than pure iron. It can be defined as steel containing more than two elements (other than carbon) in percentage by weight or volume basis, i.e., more than 2% but less than 5%. The common examples are nickel & chromium alloys, manganese & silicon alloys, and molybdenum & tungsten alloys.
Application Insights:
The construction application segment led the global steel processing market in 2017 and is projected to witness significant growth over the forecast period. The rising demand for residential and commercial buildings, bridges, highways, airports, and other infrastructure is expected to drive the product consumption in this application segment.
Automotive was the second-largest revenue-generating segment for industry participants operating in North America. In this region, automotive production has increased significantly from 2014 to 2015 owing to an increase of almost 4% in new vehicle sales across various markets worldwide including U.S., China India Japan (UIDAI) Auto Pact countries along with European countries such as Germany France Italy Spain UK Portugal Russia Brazil etc., which has resulted into a rise of automotive requirement thereby supporting growth of global steel processing market over forecast period.
Regional Analysis:
Asia Pacific dominated the global steel processing industry in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of 54.2% in terms of volume, which can be attributed to rapid industrialization along with increasing foreign investments in developing economies such as China, India, Indonesia, Vietnam and Thailand among others.
The growing manufacturing sector across Asia Pacific coupled with rising infrastructure activities is anticipated to drive demand for steel products over the projected period. In addition, favorable government policies aimed at promoting domestic production are likely to boost market growth during the forecast period. For instance; ‘Make in India’ initiative taken by Indian Government will create numerous opportunities for domestic manufacturers who use raw materials including iron ore and coal mined from Indian soil thus driving regional demand over next eight years’ as stated by Abundance Steel Ltd., an Indian manufacturer of crude steel plate mill products based out of Jamshedpur (Jharkhand).
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for steel in automotive sector
- Growing consumption of steel in the manufacturing sector
- Rapid growth of the Asia-Pacific region as a key market for steel processing 5. Technological advancements that improve the efficiency and quality of steel processing
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Processing Market Research Report
By Type
Carbon Steel, Alloy Steel
By Application
Construction, Automotive, Transportation, Energy, Packaging, Tools and Machinery, Consumer Appliances, Metal Product, Others
By Companies
China Baowu, ArcelorMittal, Nippon Steel, Shagang Group, POSCO, HBIS, ANSTEEL, JFE Group, Shandong Steel, Tata 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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Steel Processing Market Report Segments:
The global Steel Processing market is segmented on the basis of:
Types
Carbon Steel, Alloy Steel
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
Construction, Automotive, Transportation, Energy, Packaging, Tools and Machinery, Consumer Appliances, Metal Product, 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:
- China Baowu
- ArcelorMittal
- Nippon Steel
- Shagang Group
- POSCO
- HBIS
- ANSTEEL
- JFE Group
- Shandong Steel
- Tata Steel
Highlights of The Steel Processing 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:
- Carbon Steel
- Alloy Steel
- By Application:
- Construction
- Automotive
- Transportation
- Energy
- Packaging
- Tools and Machinery
- Consumer Appliances
- Metal Product
- 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 Processing 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 processing is the process of transforming iron and steel into finished products. This includes everything from smelting the ore to producing the final product, such as a car or a skyscraper.
Some of the key players operating in the steel processing market are China Baowu, ArcelorMittal, Nippon Steel, Shagang Group, POSCO, HBIS, ANSTEEL, JFE Group, Shandong Steel, Tata Steel.
The steel processing 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 Processing 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 Processing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Processing 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 Processing 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 Processing Market Size & Forecast, 2020-2028
4.5.1 Steel Processing Market Size and Y-o-Y Growth
4.5.2 Steel Processing 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 Carbon Steel
5.2.2 Alloy Steel
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 Construction
6.2.2 Automotive
6.2.3 Transportation
6.2.4 Energy
6.2.5 Packaging
6.2.6 Tools and Machinery
6.2.7 Consumer Appliances
6.2.8 Metal Product
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Processing 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 Processing 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 Carbon Steel
9.6.2 Alloy Steel
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 Construction
9.10.2 Automotive
9.10.3 Transportation
9.10.4 Energy
9.10.5 Packaging
9.10.6 Tools and Machinery
9.10.7 Consumer Appliances
9.10.8 Metal Product
9.10.9 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 Carbon Steel
10.6.2 Alloy Steel
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 Construction
10.10.2 Automotive
10.10.3 Transportation
10.10.4 Energy
10.10.5 Packaging
10.10.6 Tools and Machinery
10.10.7 Consumer Appliances
10.10.8 Metal Product
10.10.9 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 Carbon Steel
11.6.2 Alloy Steel
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 Construction
11.10.2 Automotive
11.10.3 Transportation
11.10.4 Energy
11.10.5 Packaging
11.10.6 Tools and Machinery
11.10.7 Consumer Appliances
11.10.8 Metal Product
11.10.9 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 Carbon Steel
12.6.2 Alloy Steel
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 Construction
12.10.2 Automotive
12.10.3 Transportation
12.10.4 Energy
12.10.5 Packaging
12.10.6 Tools and Machinery
12.10.7 Consumer Appliances
12.10.8 Metal Product
12.10.9 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 Carbon Steel
13.6.2 Alloy Steel
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 Construction
13.10.2 Automotive
13.10.3 Transportation
13.10.4 Energy
13.10.5 Packaging
13.10.6 Tools and Machinery
13.10.7 Consumer Appliances
13.10.8 Metal Product
13.10.9 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 Processing Market: Competitive Dashboard
14.2 Global Steel Processing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China Baowu
14.3.2 ArcelorMittal
14.3.3 Nippon Steel
14.3.4 Shagang Group
14.3.5 POSCO
14.3.6 HBIS
14.3.7 ANSTEEL
14.3.8 JFE Group
14.3.9 Shandong Steel
14.3.10 Tata Steel
